Three Dollar Piece
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Three Dollar Piece
The three-dollar piece was a gold coin produced by the United States Bureau of the Mint from 1854 to 1889. Authorized by the Act of February 21, 1853, the coin was designed by Mint Chief Engraver James B. Longacre. The obverse bears a representation of Lady Liberty wearing a headdress of a Native American princess and the reverse a wreath of corn, wheat, cotton, and tobacco. In 1851, Congress had authorized a silver three-cent piece so that postage stamps of that value could be purchased without using the widely disliked copper cents. Two years later, a bill was passed which authorized a three-dollar coin. By some accounts, the coin was created so larger quantities of stamps could be purchased. Longacre, in designing the piece, sought to make it as different as possible from the quarter eagle or $2.50 piece, striking it on a thinner planchet and using a distinctive design. Although over 100,000 were struck in the first year, the coin saw little use. It c ...
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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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Large Cent (United States Coin)
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the Penny (United States coin), modern-size one-cent coin (commonly called the penny). Large cents were made of nearly pure copper, or copper as pure as it emerged from smelting, without any deliberate addition of other metals (such as occurs in bronze). General history First struck in 1793, the large cent was minted every year from 1793 to 1857 except 1815. When the United States War of 1812, declared war in 1812 against Great Britain, coinage was affected. The wartime embargo against shipments made it so the mint could not get any new copper planchet, planchets, which were imported from Great Britain, to strike coins. The mint made do with what supply it had and struck coins into 1815. After the war ende ...
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Large Cent (United States Coin)
The United States large cent was a coin with a face value of 1/100 of a United States dollar. Its nominal diameter was 1 inch (28.57 mm). The first official mintage of the large cent was in 1793, and its production continued until 1857, when it was officially replaced by the Penny (United States coin), modern-size one-cent coin (commonly called the penny). Large cents were made of nearly pure copper, or copper as pure as it emerged from smelting, without any deliberate addition of other metals (such as occurs in bronze). General history First struck in 1793, the large cent was minted every year from 1793 to 1857 except 1815. When the United States War of 1812, declared war in 1812 against Great Britain, coinage was affected. The wartime embargo against shipments made it so the mint could not get any new copper planchet, planchets, which were imported from Great Britain, to strike coins. The mint made do with what supply it had and struck coins into 1815. After the war ende ...
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Half Dime
The half dime, or half disme, was a silver coin, valued at five cents, formerly minted in the United States. Some numismatists consider the denomination to be the first business strike coin minted by the United States Mint under the Coinage Act of 1792, with production beginning on or about July 1792. However, others consider the 1792 half disme to be nothing more than a pattern coin, or "test piece", and this matter continues to be subject to debate. These coins were much smaller than dimes in diameter and thickness, appearing to be "half dimes". In the 1860s, powerful interests promoting the use of nickel as a metal for use in coinage successfully lobbied for the creation of new three and five cent coins, which would be made of a copper-nickel alloy; production of such coins began in 1865 and 1866, respectively. The introduction of the copper-nickel three and five-cent pieces made the silver coins of the same denomination redundant, and both silver denominations were disc ...
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Richard Henry Stanton
Richard Henry Stanton (September 9, 1812 – March 20, 1891, born Bob Stanton) was a politician, lawyer, editor and judge from Kentucky. Born in Alexandria, DC, he completed preparatory studies, attended Alexandria Academy, studied law and was admitted to the bar, commencing practice in Maysville, Kentucky in 1835. He was editor of the ''Maysville Monitor'' from 1835 to 1842 and served as postmaster of Maysville. He was elected a Democrat to the United States House of Representatives in 1848, serving from 1849 to 1855. There, he served as chairman of the Committee on Public Buildings and Grounds from 1849 to 1853 and of the Committee on Elections from 1853 to 1855. He was unsuccessful for reelection in 1854. Afterwards, Stanton served as a state's attorney from 1858 to 1861. At the beginning of the Civil War Stanton was arrested and held at Camp Chase in Columbus, Ohio for supporting secession. Stanton was a delegate to the Democratic National Convention in 1868, whose s ...
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Three-cent Piece (United States Coin)
The United States three cent piece was a unit of currency equaling of a United States dollar. The mint produced two different three-cent coins for circulation: the three-cent silver and the three-cent nickel. Additionally, a three-cent bronze coin was made as a pattern in 1863. During the period from 1865 to 1873, both coins were minted, albeit in very small quantities for the silver three-cent piece. History The three-cent coin was proposed in 1851 both as a result of the decrease in postage rates from five cents to three and to answer the need for a small-denomination, easy-to-handle coin. The three-cent silver featured a shield on a six-sided star on the obverse and the Roman numeral III on the reverse. The coin was initially composed of 75% silver and 25% copper to ensure that the coin would be considered real currency yet not worth melting down for the silver. The coins were physically the lightest-weight coins ever minted by the United States, weighing only 0.8 grams an ...
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