Why the value on an 1883 Liberty Nickle?

Comments

• D Posts: 1,997 ✭✭✭

  February 1, 2006 12:20PM

  The limited production of a No Cents Liberty Nickel was well publicised and many more were saved. The survival rate is much higher than it's counterpart. Hence the cost difference . Not to mention, I pay for my coins by the letter, and if it doesn't say cents it better cost less!
  
  -Daniel

  "It is the mark of an educated mind to be able to entertain a thought without accepting it."
  
  -Aristotle
  
  Dum loquimur fugerit invida aetas. Carpe diem quam minimum credula postero.
  
  -Horace

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• Louis Posts: 3,687

  February 1, 2006 12:20PM

  # of survivors ?

  
  
  

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• flaminio Posts: 5,664 ✭✭✭

  February 1, 2006 12:20PM

  First year syndrome. When a new issue comes out, people stash them away. Thus, they are relatively common in high grades, even if the raw mintage is lower than subsequent years.
  
  Of course, if the first year is really low mintage, it won't help that much (example: 1916 SLQ).

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• cladking Posts: 28,702 ✭✭✭✭✭

  February 1, 2006 12:25PM

  Many people overlook this but it has been the norm for a long long time. Coins that get
  saved in large numbers by collectors or the public will always have lower prices and those
  which mostly circulate will do far better in the long run.
  
  Before the 1860's when collecting got more popular this was not so dramatic. Coins tended
  to be saved in proportion to their mintages rather than their popularity.

  Tempus fugit.

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