The coin in question is a 1868 Silver Three Cents (Type 1) issued by the United States. Bearing a 'P' mint mark, it was struck at the Philadelphia Mint. This denomination, which represents three cents, is composed primarily of silver, weighing 0.75 grams and measuring 14 millimeters in diameter. As a part of a limited mintage, with only 3,500 pieces produced, this coin is a notable collectible in the realm of numismatics. The Silver Three Cents were introduced during a period of economic change in America, making them a historically significant piece of currency. The Type 1 design features a distinct aesthetic that appeals to collectors, combining artistry with the practicality of the period’s monetary needs. In circulation as a form of currency amounting to 0.03 USD, this coin perfectly encapsulates a slice of 19th-century American history. Collectors and enthusiasts often seek after coins from this series, especially those with low mintage figures like this one, as they hold a particular charm and rarity in the numismatic community.