1872-P (Philadelphia) Silver Three Cents (Type 1)

Coin / United States of America / 1872 / Philadelphia / Silver Three Cents (Type 1) / 3¢ (Three Cents)

The coin in question is a 1872 Silver Three Cents (Type 1) piece, produced at the Philadelphia Mint (denoted by the "P" mint mark). This denomination, commonly referred to as the "three-cent piece," was issued by the United States during a time when the demand for smaller denominations increased due to inflation and the rising costs of goods and services. With a diameter of 14 mm and a weight of 0.75 grams, this coin is composed of silver, which gives it a unique blend of both historical and intrinsic value. The 1872 year of issue signifies its place in a limited mintage series, with only 1,000 pieces struck, making it a rarity among collectors. The design of the Type 1 Silver Three Cents features a distinctive obverse and reverse that highlights its unique status within the series. These coins are categorized as "mint strike," indicating they were freshly minted and possess a higher quality of detail and striking than coins that may have been circulated. Collectors often seek this specific type for its historical significance, limited mintage, and the allure of silver content. Given these attributes, the 1872 Silver Three Cents carries a degree of numismatic interest, particularly among enthusiasts of United States coinage.