1871 3CN (Proof)

The 1871 Three-Cent Nickel (Proof) is a coin of historical significance and moderate rarity among collectors. It belongs to a short-lived denomination, minted as part of the United States' post-Civil War economic reforms. The Three-Cent Nickel series began in 1865, designed by James B. Longacre, and this particular minting year continues to intrigue collectors due to its unique characteristics and historical context. ### Mint and Mintage Minted in Philadelphia, the 1871 Three-Cent Nickel Proof had a mintage of just 960 pieces. These coins were specifically produced for collectors and were not intended for general circulation. This low mintage number contributes significantly to their rarity in today's market and makes them a coveted piece among numismatists. The PCGS CoinFacts database assigns this specific proof coin the PCGS #3751. ### Historical Context and Design The Three-Cent Nickel was introduced as a solution to coin shortages during the Civil War, when precious metals like silver and gold were being hoarded. The coin's nickel-copper composition made it a practical alternative. On the obverse, the coin features a left-facing profile of Lady Liberty wearing a coronet inscribed with "LIBERTY." The reverse displays the Roman numeral “III” surrounded by a laurel wreath, emphasizing the coin's face value. ### Rarity and Value The rarity of the 1871 Three-Cent Nickel Proof can be attributed to both its low mintage and the diminishing interest in the series by the time these coins were struck. Despite its initial purpose, the denomination was largely unnecessary with the return of more practical coinage options. In terms of market value, the coin typically fetches substantial prices at auction, particularly when found in higher grades. For example, an 1871 Three-Cent Nickel Proof graded as PR65 or higher can command significant premiums. Recent sales reflect these values, with coins selling for several thousand dollars depending on their condition and eye appeal. ### Sales and References Notable auction sales showcase the coin's value and popularity among collectors. Examples include sales where the coin achieved prices nearing or exceeding $2,000 when in PR65 condition. Higher-grade specimens can reach even more impressive numbers, indicative of the coin's desirability. ### Numismatic Perspective From a numismatist's standpoint, the 1871 Three-Cent Nickel Proof holds interest not only because of its rarity but also due to its role in a transformative period in U.S. monetary history. Collectors appreciate it for its intricate design by Longacre, which represents a transitional era. Additionally, it offers insight into the challenges faced by the U.S. Mint in adopting new materials and denominations during periods of economic upheaval. For more detailed statistics and market analytics, collectors often turn to authoritative resources like PCGS CoinFacts. These platforms provide comprehensive data on grading, population reports, and historical sales trends, offering valuable insights for both seasoned numismatists and newcomers to the coin-collecting community.