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Nickel Three Cents Three Cent Nickels
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Nickel Three Cents
1865 to 1889
Nickel Three Cents
1865 to 1888
Nickel Three Cents
1865 to 1889
With Proofs
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A coin necessitated by the economic needs of American society, the nickel three cents was created to reinvigorate a contemporary society starved for hard money. Numerous factors led to the introduction, establishment, and eventual demise of the short-lived denomination.
Years prior, there existed demand for a coin of such face value. Postage rates had been three cents and citizens were uneasy with carrying the equivalent amount in the heavier copper large cents and half cents. The California Gold Rush, while generating huge amounts of raw gold, inadvertently upset the silver to gold ratio, causing silver to rise dramatically in price, silver coins to be exported and melted, and a domestic shortage of those much needed coins in commerce.