Step 1: Total possible outcomes.
When 7 coins are tossed, the total number of possible outcomes is:
\[
2^7 = 128
\] Step 2: Favorable outcomes.
The number of ways of getting exactly 3 heads out of 7 coins is given by:
\[
\binom{7}{3} = 35
\] Step 3: Calculating probability.
Probability = $\dfrac{\text{Favorable outcomes}}{\text{Total outcomes}}$
\[
= \dfrac{35}{128}
\] Step 4: Conclusion.
The required probability is $\dfrac{35}{128}$.