NNP

1861 3CS AU58 NGC. The outbreak of the Civil War in 1861 had dramatic consequences on the circulation of silver subsidiary coinage in the United States. Political uncertainty and economic instability resulted in mass hoarding of precious metals. While the Mint was not entirely responsive to the crisis during the first two years with respect to three-cent silver output, mintages would decline dramatically in 1863. This issue claims a production of 497,000 coins. Although incompletely struck, each side has attractive shades of blue and gold patina. Ex: Eric P. Newman Numismatic Education Society.

Heritage Newman IX, November 2017, lot 15407, realized $312. Images and description courtesy of Heritage Auctions.