The 1865 Three-Cent Nickel (Copper-Nickel, 17.9mm, 1.94g) is a key date in the series (mintage: 11.38M). Value depends entirely on preservation:
| Grade | Value |
|---|---|
| Good (G-4) | $15–$25 |
| Very Good (VG-8) | $25–$40 |
| Fine (F-12) | $40–$70 |
| Very Fine (VF-20) | $70–$120 |
| Extremely Fine (EF-40) | $120–$250 |
| About Uncirculated (AU-50) | $250–$500 |
| Mint State (MS-60) | $500–$1,000+ |
| Gem (MS-65) | $2,000–$5,000+ |
Introduced 1865 to replace hoarded silver three-cent pieces and unpopular fractional currency. First U.S. coin with nickel (25% Ni, 75% Cu). Design: Liberty head (obverse), Roman numeral III in wreath (reverse). Produced until 1889.
Authentication recommended for high-grade examples; counterfeits exist.