1853 3CS MS (PCGS#3667)
Spring 2023 U.S. Coins Auction
- 拍卖行
- Stack's Bowers
- 批号
- 4032
- 等级
- MS66
- 价格
- 18,645
- 详细说明
- 1853 Silver Three-Cent Piece. MS-66 (PCGS). CAC.
Delightful satin surfaces are lightly toned in iridescent champagne-pink and golden-apricot. The surfaces are expertly preserved with a strong strike from the rims to the centers. Die cracks below the star and clash marks in the adjacent field areas on the obverse are as made and provide interest.
Authorized by the Act of March 3, 1851, the silver three-cent piece entered its third year of production in 1853 with a delivery of 11,400,000 pieces from the Philadelphia Mint. The success of this denomination in circulation was at its peak during the early 1850s, where the Type I examples of reduced silver composition (75% silver, 25% copper, as opposed to standard silver alloy of 90% silver, 10% copper) were eagerly sought as replacements for old tenor half dimes, dimes, quarters and half dollars withdrawn from circulation due to rising silver prices. After the 1853 delivery, however, the usefulness of the silver three-cent piece began to wane, and yearly mintages for circulation fell off accordingly. The Act of February 21, 1853 reduced the weight of most other silver denominations, thereby allowing them to circulate freely once again. This development, by extension, sharply reduced contemporary demand for the three-cent silver. The denomination would soldier on through 1873, nonetheless, the post-1853 examples changed to the standard alloy of 90% silver, 10% copper and featuring either the Type II or Type III design. For collectors seeking just one piece to represent this denomination in a type set, however, the Type I issues of 1851 to 1853 hold the most appeal. Produced during the heyday of this denomination, and accounting for the majority of three-cent silvers extant, these early issues are understandably popular among collectors of both circulated and Mint State coins. For those in the latter category, and especially those demanding the utmost in technical quality and eye appeal, we can think of no finer representative of the denomination than this beautiful upper end Gem 1853 from the Millholland cabinet.
Provenance: From the Collection of James Allaire Millholland, 1842-1911.
To view all items from the Collection of James Allaire Millholland, 1842-1911 click here.
To view supplemental information pertaining to the Collection of James Allaire Millholland, 1842-1911 click here.
PCGS# 3667. NGC ID: 22Z2.
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