Three-Cent Nickels
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…
Denomination
3 articles
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…
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…
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…