Question for Shield Nickel experts

tradedollarnut

Saw a business strike 1875 raw at a local show - grade the obverse 65 and the reverse 64/65. Could slab as gem, but who knows. Seller was asking a significant premium over 64 money. Is the PCGS price guide of $2200 realistic for this date or is it high/low? Checked the pops and it appears to be one of the tougher issues in gem.

lathmach

I'm not an expert in this series.
I do have the Peters-Mohon book, and reading through the 1875 section, I get the impression this is a much better date, ranking 3rd in overall mint state rarity.
In the varieties table for 1875, there are 12 listed. All R5 or greater, with half of them R8 or unique.
Sound like the price may not be out of line, but as I said, I'm no expert in this series.

Ray

tradedollarnut

Is there a variety with a die break coming out of the arrowhead to the bottom right?

lathmach

No, this die break die state is not listed.
The varieties listed are of repunched dates and doubled dies.

Ray

howards

1875 shield nickels are indeed significantly better dates. I have found that the PCGS Daily Price Guide is usually high - see if you can find a Grey Sheet price on the same coin.

A better book for shield nickel varieties than the previously mentioned P&M book is Ed Fletcher's The Shield Five Cent Series.

Die cracks are too numerous on shield nickels to be tracked as separate varieties. Shield nickel collectors focus on things like doubled dies and repunched dates.

Howard
ShieldNickels.Net

roadrunner

Considering that CDN bid is $1,480 and this is already 2X the price of a common date, and that most of the dates in the 1870's have pops pretty similar (17-25), I see no reason to get overly excited about this date in 65.

$2200 for a 65.........I'd doubt you could get that unless it was very high end. The number of 66's available places it at no better than the other dates in the 1870's.

A great raw 64++ shot coin might be worth $650-1000. But even the 64 price is only $370 and there are plenty of those around.
A nice 65 is probably a $1500-1750 coin. I don't see people breaking down the doors for MS65 shield nickels.

roadrunner

dizzyfoxx

tradedollarnut, I'm not a Shield Nickel expert but I just wanted to say that is a GORGEOUS 1838 Seated Dollar under your sig line!

I just looked it up on the PCGS website and see that it is a PR64... Just an amazing coin!

coinguy1

I'm certainly no Shield nickel expert, but : 1) "I just stayed at a Holiday Inn Express last night" : ) and 2) I offer the following recent auction price realized below:

7/25/2005 William H. LaBelle, Sr. Collection 1 788 1875 5C
Sparkling silver gray with delightful lustre and an overall satiny appearance. Nicely struck for the date. NGC MS 65 $2,070.00