3373

1865 Nickel 3C PCGS PF66 DCAM

Currency:USD Category:Coins & Paper Money / US Coins Start Price:3,000.00 USD Estimated At:6,000.00 - 9,000.00 USD
1865 Nickel 3C PCGS PF66 DCAM
One of several outstanding Gem Proofs in the sale. The Three Cent Nickel was introduced in 1865, and was useful to commerce during its initial years because silver coins were hoarded, driven from circulation by paper money without specie backing -- the classic reaction by the public known as Gresham's Law. Altogether more than 11 million pieces were struck and placed into circulation. Only 500 Proofs were struck in 1865, however, one of the lowest mintage figures in the series, and those went into the Proof sets sold to collectors, since none were offered individually. PCGS Pop: 6/1 (8/05) (#93761)