1862 3CS Three Cent Silver PCGS Genuine Damage AU Detail

Coin Details:

• Year: 1862
• Denomination: 3-Cent Nickel
• Mint: Philadelphia (no mintmark).
• Composition: 75% Copper, 25% Nickel
• Weight: 1.94 grams
• Diameter: 17.9 mm
• Designer: James B. Longacre
• Grade: PCGS Genuine Damage AU Detail
  • Genuine: Confirms that the coin is authentic, but it has been noted to have damage (e.g., scratches, gouges, or other impairments) that prevent it from receiving a straight numerical grade.
  • AU Detail: The coin is in About Uncirculated condition with visible wear but retains much of its sharpness and detail. However, the damage detracts from its full potential grade.

Design Features:

1. Obverse (Front):
   • The Liberty Head design shows Liberty facing left, wearing a coronet inscribed with “LIBERTY”.
   • Surrounding the bust are 13 stars representing the original states of the Union.
   • Below Liberty’s portrait is the year 1862.
2. Reverse (Back):
   • The reverse features a large numeral “3”, with “CENTS” inscribed below it.
   • This is encircled by a laurel wreath, with “UNITED STATES OF AMERICA” inscribed around the edge.
   • The reverse design is simple but very symbolic, emphasizing the new nickel currency introduced during the Civil War.

Historical Context:

• 3-Cent Nickel Coins were first introduced in 1865 during the Civil War to address the shortage of small denominations, which were crucial for everyday transactions.
• The 1862 3-Cent Nickel is part of the first year of issue for the nickel composition in U.S. coinage, a significant change from the earlier copper or silver-based coins.
• These coins were especially useful for purchases such as stamps, which cost 3 cents during this period.

Condition and Details:

• PCGS Genuine Damage AU Detail:
  • The AU Detail grade indicates the coin retains much of its sharp detail, with wear on the higher points of the design.
  • The damage noted on the coin could include scratches, gouges, or other surface impairments that reduce its market appeal compared to a problem-free coin.
• Rarity:
  • The 1862 3-Cent Nickel is part of a limited mintage series, and although not as rare as other Civil War-era coins, it still holds value due to its age and historical significance.