Three-cent Bronze
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Three-cent Bronze
The three-cent bronze was a pattern coin struck in 1863 by George Eckfeldt. The coin shares its obverse design (other than the font of the date, which is smaller and curved), thickness, and diameter with that of the Braided Hair large cent, but was made of bronze rather than pure copper. Weighing 140 grains, it weighed nearly three times that of the bronze Indian Head cent. About 50 to 60 examples are known. The obverse features an image of Liberty. History Throughout 1863, the coins were struck on planchets of varying thickness. According to Eckfeldt's journal: Struck a few 3 cent pieces of copper & zinc; the size, thickness and diameter about that of the 1857 copper cent. About the middle of 1863. Other versions An aluminum version (Judd-320, Pollock-385) was made using a very similar design. However, examples are extremely rare with only 5 confirmed. See also * Three-cent nickel * Three-cent silver The three-cent silver, also known as the three-cent piece in silver o ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkish-orange color. Copper is used as a conductor of heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewelry, cupronickel used to make marine hardware and coins, and constantan used in strain gauges and thermocouples for temperature measurement. Copper is one of the few metals that can occur in nature in a directly usable metallic form ( native metals). This led to very early human use in several regions, from circa 8000 BC. Thousands of years later, it was the first metal to be smelted from sulfide ores, circa 5000 BC; the first metal to be cast into a shape in a mold, c. 4000 BC; and the first metal to be purposely alloyed with another metal, tin, to create ...
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Zinc
Zinc is a chemical element with the symbol Zn and atomic number 30. Zinc is a slightly brittle metal at room temperature and has a shiny-greyish appearance when oxidation is removed. It is the first element in group 12 (IIB) of the periodic table. In some respects, zinc is chemically similar to magnesium: both elements exhibit only one normal oxidation state (+2), and the Zn2+ and Mg2+ ions are of similar size.The elements are from different metal groups. See periodic table. Zinc is the 24th most abundant element in Earth's crust and has five stable isotopes. The most common zinc ore is sphalerite (zinc blende), a zinc sulfide mineral. The largest workable lodes are in Australia, Asia, and the United States. Zinc is refined by froth flotation of the ore, roasting, and final extraction using electricity ( electrowinning). Zinc is an essential trace element for humans, animals, plants and for microorganisms and is necessary for prenatal and postnatal development. It ...
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Liberty (goddess)
The concept of liberty has frequently been represented by personifications, often loosely shown as a female classical goddess. Examples include Marianne, the national personification of the French Republic and its values of '' Liberté, Égalité, Fraternité'', the female Liberty portrayed on United States coins for well over a century, and many others. These descend from images on ancient Roman coins of the Roman goddess Libertas and from various developments from the Renaissance onwards. The Dutch Maiden was among the first, re-introducing the cap of liberty on a liberty pole featured in many types of image, though not using the Phrygian cap style that became conventional. The 1886 Statue of Liberty (''Liberty Enlightening the World'') by Frédéric Auguste Bartholdi is a well-known example in art, a gift from France to the United States. Ancient Rome The ancient Roman goddess Libertas was honored during the second Punic War (218 to 201 BC) by a temple erected on the Ave ...
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Christian Gobrecht
Christian Gobrecht (December 23, 1785 – July 23, 1844) was the third Chief Engraver of the United States Mint from 1840 until his death in 1844. He was responsible for designing the famous " Seated Liberty" designs, which were in turn the direct inspiration for the design of the Trade Dollar. He designed the Gobrecht Dollar, which was struck in small quantities from 1836 to 1838 and later inspired the Flying Eagle cent. He also designed the obverse sides for the Liberty head (aka Coronet Head) Quarter Eagle, Half Eagle, and Eagle gold coins, as well as the "braided hair" type Half cent and Large cent coins. Early life and career Gobrecht was born on December 23, 1785, in Hanover, Pennsylvania, to Reverend John C. Gobrecht, who came to America from Germany in 1755, and Elizabeth Sands, with ancestry going back to 1642 in Plymouth Colony. After apprenticing in Manheim, Pennsylvania, he engraved ornamental clockworks in Baltimore, Maryland, until he moved to Philadelphia in 18 ...
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Pattern Coin
A pattern coin is a coin which has not been approved for release, but produced to evaluate a proposed coin design. They are often off-metal strike (using metals of lower value to test out the dies), to proof standard or piedforts. Many coin collectors collect and study pattern coins because of their historical importance. Many of the world's most valuable coins are pattern coins; nearly 25 of the pieces listed in ''100 Greatest US Coins'' are pattern coins. English patterns The first English coin that can be identified with certainty is a groat, originally worth fourpence. This piece, an example of which was illustrated and sold in the Dodsley Cuff sale of the mid-19th century, had crowns in place of the usual three pellets in each quarter of the reverse. Patterns are particularly identifiable and exist in larger numbers from the reign of Elizabeth I onwards. The experimental base metal issues of all coinage prior to the mid-18th century have been well preserved. Boulton's ...
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Coronet Large Cent
The Coronet large cent was a type of large cent issued by the United States Mint at the Philadelphia Mint from 1816 until 1839. There are two similar designs of the Coronet large cent, the Matron Head and the Braided Hair, the latter with a slightly altered profile. This was the last large cent produced by the mint, being replaced by the reduced diameter Flying Eagle cent in 1857. History During the War of 1812, a trade embargo was imposed between the United States and England, which had supplied the US Mint with copper planchets. The mint's supply was exhausted in 1814, and no Classic Head cents were produced dated 1815. It has often been written that no cents at all were struck that year, but coinage did resume in December of 1815 using an 1814 or 1816-dated die. Once the embargo was lifted and the mint received new planchets, large cent production resumed, this time with a new design of the goddess Liberty by Robert Scot. The design change was made because the Classic H ...
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Heritage Auctions
Heritage Auctions is an American multi-national auction house based in Dallas, Texas. Founded in 1976, Heritage is an auctioneer of numismatic collections, comics, fine art, books, luxury accessories, real estate, and memorabilia from film, music, history, and sports. History In 1982, Heritage Auctions became an equal partnership between two collectors, Steve Ivy and Jim Halperin. In 1967, Ivy dropped out of the University of Texas at Austin to form Steve Ivy Rare Coin Co. in Dallas, Texas. In 1971, Halperin founded New England Rare Coin Galleries while still a freshman at Harvard University and would also later drop out of school. It was Ivy who first formed Heritage Auctions in Dallas in 1976 from his earlier, smaller business. The two often met at industry trade shows and auctions. In 1982, Halperin sold his Boston-based business and moved to Dallas to join Ivy. With him, he brought Marc Emory, a partner who heads what is now part of Heritage's European operations. Greg R ...
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Three-cent Nickel
The copper-nickel three-cent piece, often called a three-cent nickel piece or three-cent nickel, was designed by US Mint Chief Engraver James B. Longacre and struck by the United States Bureau of the Mint from 1865 to 1889. It was initially popular, but its place in commerce was supplanted by the five-cent piece, or nickel. With precious metal federal coinage hoarded during the economic turmoil of the American Civil War, including the silver three-cent piece, and even the copper-nickel cent commanding a premium, Congress issued paper money in denominations as small as three cents to replace the hoarded coins in commerce. These small slips of paper became ragged and dirty, and the public came to hate "shinplasters". After the issuance in 1864 of a lighter bronze cent and a two-cent piece of that metal, both of which circulated freely, there were proposals for a three-cent piece in copper-nickel to replace the three-cent note. The advocates were led by Pennsylvania industrialist ...
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Three-cent Silver
The three-cent silver, also known as the three-cent piece in silver or trime, was struck by the United States Mint, Mint of the United States for circulation from 1851 to 1872, and as a proof coin in 1873. Designed by the Mint's chief engraver, James B. Longacre, it circulated well while other silver coinage was being hoarded and melted, but once that problem was addressed, became less used. It was abolished by Congress with the Coinage Act of 1873. After a massive importation of gold bullion during the California Gold Rush, silver could be traded for increasing amounts of gold, so U.S. silver coins were exported and melted for their metal. This, and the reduction of postage rates to three cents, prompted Congress in 1851 to authorize a coin of that denomination made of .750 fine silver, rather than the conventional .900. The three-cent silver was the first American coin to contain metal valued significantly less than its face value, and the first silver coin not to be legal te ...
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Currencies Introduced In 1863
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ...
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