1862-P (Philadelphia) Silver Three Cents (Type 1)

Coin / United States of America / 1862 / Philadelphia / Silver Three Cents (Type 1) / 3¢ (Three Cents)

The coin in question is a 1862 Silver Three Cents (Type 1) from the United States, minted in Philadelphia. This particular piece is notable for its small diameter of just 14 millimeters, a weight of 0.75 grams, and an exceedingly low mintage of only 550 pieces, marking it as a rare find among collectors. As a proof coin, it was struck with a high level of artistry and detail, showcasing the exceptional craftsmanship of the era. The coin is composed of silver, reflecting both the economic conditions of the time and the U.S. Mint's commitment to producing high-quality currency. Its denomination of 3 cents (and corresponding currency amount of $0.03) indicates that it was intended for use in smaller transactions during the mid-19th century, a period marked by significant economic challenges and innovations. Collectors often seek after coins like this due to their historical significance and the artistry involved in their production. With a mint mark of 'P' indicating its Philadelphia origin, this coin serves as a tangible connection to American history, representing the period's monetary system and offering a glimpse into the numismatic practices of the time. Given its rarity and condition, the 1862 Silver Three Cents (Type 1) is an important addition to any coin collection, cherished by both history enthusiasts and numismatists alike.