CHECK IT OUT! One of the great proof rarities of all times: Anyone got $67000 for me?

TheLiberator · February 19, 2005 12:34PM

This is a lower grade example at this price. Take a look! It is NOT often that you see these guys up for sale!!!!! This coin was listed in the "100 grestest coins" book.
COOL!!!!

Link to 1867 rays proof shield nickel

ColonialCoinUnion · February 19, 2005 12:54PM

Coins like that baffle me - though I am pleased that a lot of people with $67,000 to devote to one coin are buying proof shield nickels and not dumping that money into, say, the colonial coin market.

Note this is not an anti-Shield nickel post, by the way. I like Shield Nickels. Really. I certainly don't want to get any more hate mail from the SNCC.

This is actually an 'I am morally opposed to paying a 10 time price premium to own a proof as opposed to a business strike of a particular coin' post.

RYK · February 19, 2005 12:58PM

Well, I personally do not care for Shield Nickels. Furthermore, I have a proof gold coin with a lower mintage (20) that I will gladly sell you for 1/3 of that price. Is the key date of an unpopular series worth that much? I am with CCU.

techeff · February 19, 2005 1:01PM

I have a proof gold coin with a lower mintage (20) that I will gladly sell you for 1/3 of that price.

What coin might that be, RYK?

RYK · February 19, 2005 1:10PM

1874 G $1 Proof-64 CAM:

techeff · February 19, 2005 1:17PM

Nice coin!

coinlieutenant · February 19, 2005 2:30PM

Before I read Robert's post, I was thinking the same thing. In the context of a proof shield nickel, proof gold is under priced.

lordmarcovan · February 19, 2005 2:31PM

Hot damn.

Dunno about the $67K, but that is fer sure one howl-at-the-moon coin!

RYK · February 19, 2005 3:17PM

In the context of a proof shield nickel, proof gold is under priced.

I do not know if I agree. I would say that compared to rare date proof gold, the 1867 Rays proof shield nickel is way, way overpriced.

coinlieutenant · February 19, 2005 3:22PM

Robert,

Either way...

I was trying to keep people from buying proof gold...

J

mrearlygold · February 19, 2005 3:35PM

<< <i>Robert,

Either way...

I was trying to keep people from buying proof gold...

J >>

I wish that would have happend with early gold and bust $'s.

Tom ( wish there was a shrugged shoulders icon )

ER · February 19, 2005 3:44PM

Pass.

TheLiberator · February 19, 2005 4:36PM

well...ok. I guess you guys didn't care for that one...

I just htought it was pretty neat.

sorry...!

wam98 · February 19, 2005 8:30PM

SIXTY SEVEN THOUSAND DOLLARS

Yes I was yelling, sorry. I agree it is a neat coin. Couldn't help but notice some milk spots and a number of small ticks, which justifies the 64 grade. What's up with what appears to be a gouge in the five lower loop ?

RYK · February 19, 2005 11:16PM

Tom,

Liberator,

I am sorry. I just do not share your enthusiasm for the issue. Sorry if it came out wrong.

TheLiberator · February 20, 2005 12:10AM

<< <i>Tom,

Liberator,

I am sorry. I just do not share your enthusiasm for the issue. Sorry if it came out wrong. >>

Hahah! No problem! I understand.

I just like sharing different famous rarities with the board when they come up. I agree with you about the price though!

Shamika · February 20, 2005 12:43AM

<< <i>A scant mintage of just 25 coins and one of the elite proof rarities of the 19th Century. Highly contrasted proof surfaces and would be a wonderful addition to any advanced collection. One of these sold in the Richmond II sale in Proof 66 Cameo for close to $98,000! >>

I hate to admit this, but I didn't know anything about this issue before I read the link. Very interesting.

coinguy1 · February 20, 2005 12:50AM

I believe that the estimated/reported mintage figures (somewhere between 20 and 35, depending upon the source) for this issue have likely been understated.

The PCGS and NGC pop. reports show a total of 63 combined, and even taking re-submissions into account, I wouldn't be surprised if 50 or more were minted and survive today.

Still, the 1867 Rays Proof Nickel is a truly/legitimately (very) rare coin.

RYK · February 20, 2005 1:42AM

Still, the 1867 Rays Proof Nickel is a truly/legitimately (very) rare coin.

So is the 1874 G$1, even more rare. Are you in for $67k?

Seriously, how does one explain the price dislocation between the two. Gold dollars are actively collected--so is proof gold. The pop numbers of the 1874 G$1 reflect it's rarity. Why is that I could buy four and two-thirds 1874 G $1's in NGC-64 Cam (if there are four) for the price of one 1867 Rays proof shield?

TheLiberator · February 20, 2005 1:50AM

Now RYK, you know the reason: hype and popularity, the things both of us rail against all the time! Kinda crazy ins't it?! It is a different version of the 09s vdb I guess! Although, the 09svdb is a r-1 where both of the coins we are talking about are actually rare.

RYK · February 20, 2005 2:29AM

Now RYK, you know the reason: hype and popularity...

I would agree for the 09-S VDB, but the 1867 Rays shield. I cannot think of a more unhyped and unpopular series than shield nickels.

TheLiberator · February 20, 2005 2:53AM

Actually...you are right. That is a bit strange. Perhaps it became famous right when it was struck? I don't know the answer but you have made an interesting point! Maybe someone who knows more about this issue than us can shed some light on it?

coinguy1 · February 20, 2005 3:33AM

<< <i>Seriously, how does one explain the price dislocation between the two. Gold dollars are actively collected--so is proof gold. >>

It's a piece of cake regarding the explanation Robert : ) - more people buy/collect sets of Proof Shield Nickels than they do Proof Gold dollars.

The Nickel set has only one true "stopper" - the issue/date which is the subject of this thread, whereas MANY Proof Gold Dollars are extremely difficult to obtain, much less afford.

michael · February 21, 2005 4:59PM

if you are going to buy proof gold buy a neat strongly cameoed choice proof larger coin like a quarter eagle or three dollar gold from the civil war era 1861 to 1865 now there is one hot undervalued tomato

proof gold larger coin and strongly cameoed and civil war date

CHECK IT OUT! One of the great proof rarities of all times: Anyone got $67000 for me?

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