|
Another new three cent coin was authorized in
1865,
this one composed of 75% copper and 25% nickel. Its purpose was to
replace the non-circulating three cent silver coin and the three cent
fractional currency note.
Unfortunately, the Three Cent Nickel was not assimilated into society
as hoped. The mintage in 1865 was 11.4 million, but declined sharply
thereafter. From 1879 until its final year in 1889, quantities numbered
just a few thousand annually.
|