Three-Cent Silvers (Trimes)
The California Gold Rush created a silver shortage by an indirect route. The enormous quantities of gold extracted after 1848 depressed its price relative to silver. Silver, suddenly the dearer…
Denomination
3 articles
The California Gold Rush created a silver shortage by an indirect route. The enormous quantities of gold extracted after 1848 depressed its price relative to silver. Silver, suddenly the dearer…
By the end of 1862, essentially all United States government coinage had left circulation. Gold and silver were hoarded first. The Flying Eagle and Indian Head copper-nickel cents that followed had…
By the winter of 1864 to 1865, American commerce was running on improvised substitutes that nobody liked. Gold and silver had vanished from circulation years earlier. The copper-nickel cents and…