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Three-cent silver
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Three-cent silver : ウィキペディア英語版
Three-cent silver

The three-cent silver, also known as the three-cent piece in silver or trime, was struck by the Mint of the United States for circulation from 1851 to 1872, and as a proof coin in 1873. Designed by the Mint's chief engraver, James B. Longacre, it circulated well while other silver coinage was being hoarded and melted, but once that problem was addressed, became less used. It was abolished by Congress with the Coinage Act of 1873.
After a massive importation of gold bullion during the California Gold Rush, silver could be traded for increasing amounts of gold, so U.S. silver coins were exported and melted for their metal. This, and the reduction of postage rates to three cents, prompted Congress in 1851 to authorize a coin of that denomination made of .750 fine silver, rather than the conventional .900. The three-cent silver was the first American coin to contain metal valued significantly less than its face value, and the first silver coin not to be legal tender for an unlimited amount. The coin saw heavy use until Congress acted again in 1853, making other silver coins lighter, which kept them in circulation. Congress also lightened the three-cent silver, and increased its fineness to 900 silver.
With the return of other denominations to circulation, the three-cent silver saw less use, and its place in commerce was lost with the economic chaos of the American Civil War, which led to hoarding of all gold and silver coins. A three-cent piece in copper-nickel was struck beginning in 1865, and the three-cent silver saw low mintages for its final decade before its abolition. The series is not widely collected, and the pieces remain inexpensive relative to other U.S. coins of similar scarcity.
== Background ==
Although the Mint of the United States had been striking silver coins since the 1790s, they did not always circulate due to fluctuations in the price of the metal. In 1834, for example, half dollars sold on the market at a premium of one percent. The U.S. was then on a bimetallic standard, and though Congress had slightly overvalued silver with respect to gold, enough Mexican silver flowed into the country to produce a rough equilibrium.
By early 1849, most of the silver coins in circulation were small coins of the Spanish colonial real, including the "levy" (one real) and "fip" (half real). The levy and fip often passed for twelve and six cents respectively in the Eastern U.S. The mint accepted them as payment at a slightly lower figure, but even so, lost money on the transactions as many of the pieces were lightweight through wear. The odd denominations of the levy and fip were a convenience, allowing payment or change to be made without the use of cents, which were at that time large, made of copper, and not accepted by the government as legal tender due to their lack of precious metal. In the Western U.S., the levy and fip were accepted as the equivalent of the silver dime and half dime, although the Spanish pieces contained more silver.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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