Coin collection - Collect US three-cent silvers

Coin collection - Collect US three-cent silvers

A collection of three-cent silvers is a real conversation piece, considering that most Americans have never seen even a single example. Many of the dates in the 1860s and 1870s are downright scarce, but you should be able to complete this series with a little effort (and money).

By type:

Difficulty rating: Easy, whether you collect just one type or all three subtypes.

Cost estimate: If you just want one type, figure on spending $40 for a Fine example or $150 for an Uncirculated piece. All three subtypes run $70 in Fine and approximately $250 to $650 in Uncirculated condition.

By date/mintmark:

Difficulty rating: Moderately difficult. The one truly rare date in the series is the 1873, which was minted only in proof condition. (Proofs are special coins of exceptional quality that are made for sale to collectors and not for general circulation.) Even so, most of the dates from 1863 on had very low mintages, so finding them may present a bit of a challenge. (The mintage is the number made of any particular coin.)

Cost estimate: A complete date and mintmark set of three-cent silvers in Fine condition costs approximately $5,000 to $6,000. A date set in uncirculated condition runs roughly $12,000 and up. (A date and mintmark setis a collection of coins that includes one from each date and each of the different mints around the country that produced the coin. A date set is a collection of all the different dates in which a particular coin was issued.)

By die variety (a unique combination of obverse and reverse dies):

Difficulty rating: Moderately difficult. The four major die varieties include an 1862/1 overdate (a coin that shows two dates, usually one on top of another, the second being a correction of the first), an 1863/2 overdate, an 1873 open 3 (which looks like a 3), and an 1873 closed 3 (which looks like an 8). The 1862/1 is fairly common, the 1863/2 and both 1873s are scarce and available only in a proof version.

Cost estimate: The 1862/1 is inexpensive and affordable even in Uncirculated condition. The 1863/2 runs about $4,000 if you can find one. The 1873s are money coins easy to find but roughly $2,000 each.

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