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"III" is the coin's denomination, 3 cents. While it seems strange to have that denomination in a 10-based system, it was issued specifically for buying postage stamps.

1853 is one of the more common dates for silver 3¢ pieces but it's still nicely priced. Numismedia lists the following approximate retail values as of 09/2009:

Very worn condition - $25
Moderately worn - $46
Slightly worn - $53
Almost no wear - $140
Uncirculated - $185-6600 depending on quality

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Q: What is the Value of 1853 silver coin with a 5 point star on the back and roman numeral three on front?
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