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Replies: 20 / Views: 2,934 |
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Pillar of the Community
 Canada
851 Posts |
It really does look better in hand. Check out these alternate photos...  
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Bedrock of the Community
United States
36826 Posts |
VG-10. Nice original look to it.
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Pillar of the Community
Canada
627 Posts |
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Pillar of the Community
Canada
1505 Posts |
F 12 ICCS VG 10 CCCS Vf 20 PCGS
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Pillar of the Community
Canada
1081 Posts |
Picking up and oldie here:
The NFLD 5c and 10c often show a significant divergence in grade between obverse and reverse. For obvious reasons we all gravitate to the obverse but it's kind of a pity as the reverse is what sets these coins apart imho. Readily legible in hand, which is more than you can say for the equivalent Canadian issue with all its frilly maple leaves and myopia-inducing lettering. It's just such a simple, effective, attractive design. It's why these are so eminently collectable in my view. A well struck NFLD nickel or dime will keep its reverse no matter how beers it buys on Water St. I love these coins....
This one is no exception. I would put the obverse at VG10....or....maybe F12. Extra points for a decent ear and some laurel details are what takes it up. But the reverse is easily F15...maybe even AVF. The 3-D is retained in all the little loops and dots and, aside from a little weakness in the 'N' and second '8' the printing is bold and clear. Tthe rims and fields are also stellar.
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Pillar of the Community
 Canada
851 Posts |
Thanks, everyone. I think this coin is rarer than suggested. There were only 40,000 minted. That might sound like a lot but these five cent pieces were used heavily and so small they were easily lost. I doubt that a significant portion of the 40,000 minted have survived in coin flips 140 later. If you check out ebay for examples there are only 7-8 available. Ranging in very poor quality G @ $45 to PCGS MS66 @ $18,000!! The Charleton Guide shows none available at better than AU55, so the person selling the PCGS MS66 made up their price but will never really sell anywhere near $18,000 since the coin looks pretty shabby in the photos. Anyway, of 40,000 minted, one would have to assume that a large percentage of them would have been circulated to death, lost or melted. So how many of the 40,000 could reasonably be out there? Tough question, I know and it will take some major cahones to venture an answer. Does anyone dare to give it a guess? I'd love to hear some opinions on this. 5% = 2,000 ? less ... 1% = 400 ? Cheers
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Pillar of the Community
Canada
1081 Posts |
I think that argument likely applies to all the 5c and 10c minted before the 20th century. Exactly how many are left sounds like a good question for Barry Borselino.
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Pillar of the Community
 Canada
851 Posts |
Silver101: exactly! Let me know what Barry has to advise. I'm excited to hear his take!
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Pillar of the Community
Canada
1081 Posts |
Barry, ye sage of Newfoundland numismatics, says that most of the more rare NFLD coins escaped what he refers to as the great melt of 1969-75 as they'd already been identified as rare. But they'd mostly been circulated beyond and inch of their lives so specimens like the one you posted are rare. How rare is anyone's guess.
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Bedrock of the Community
Canada
10743 Posts |
I have one just like this one and, I called mine F-12
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Pillar of the Community
Canada
1081 Posts |
Follow up from Barry - and this tells you a lot about the guy.... the world's most dedicated numismatist....
"To date, I have counted 230, 1873 5 Cent pieces (all varieties) and over 4,500, 1945 coins of both varieties. The 1873 was over a period of 5 years or so and the1945 coins was probably over a dozen years. We also know the common denominators of 40,000 and 203,828 respectively for the original mintages of these coins, which means that I have accounted for .575% & 2.208% of these two 5 Cent dates. The two dates are separated by 72 years which means that many of these older coins likely survived, but might have been worn beyond the point of recognition over this extended period of time. However, I was still able (as a single individual) to find 230 coins and still counting!
I cannot give you an exact number that exists for any of these specific dates, but I strongly believe that many are still around, and likely can be found in the most unlikely places! That is particularly true of the smaller coins which can be lost so easily! "
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Pillar of the Community
 Canada
851 Posts |
Thanks Silver (and Barry). That is fantastic.
To clarify, when Barry says 'I have counted', does it mean he has held 230 examples or does it mean he saw 230 examples in various places like the internet?
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Pillar of the Community
Canada
1081 Posts |
I think mostly photographs he's found at the assorted online auctions, primarily ebay but also the assorted locals - Geoffrey Bell and all that. He collects the photographs, examines and catalogues them by variety and establishes rough estimates of scarcity and that sort of thing. It's all quite amazing... he likes to point out that he's just one guy and that other people have likely found lots of things that he has not. There may be a shred of truth to that but I know of no one on this planet who is doing the sort of detailed forensic work that he's doing. At least when it comes to Newfoundland (primarily) and Canadian (secondary) coins.
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Pillar of the Community
 Canada
851 Posts |
Wow, that is certainly impressive. It sounds as if he's more in to the hobby than anyone. I mean, that's a lot of work to be doing and not getting paid for it. I imagine he must has some future medium picked out for his findings, whether he is working on a new publication or looking to add to the one he has in the works.
I can't imagine anyone else doing all that cataloging and counting, cross referencing and checking, verifying, and identifying coins against his ongoing records. Wow! What a guy! I'd love to see all his stuff. Too bad he doesn't have a website where people can submit pics of their coins for him to add to his findings.
How in the world does he identify and differentiate 1945 five cent pieces when there are so many available in similar condition? Man that's a lot of work. I wonder what the end goal with his research is?
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Pillar of the Community
Canada
1081 Posts |
I think it's just a labour of love. There's a website in the works that will - apparently - describe all of these varieties. Some - like the 1945 narrow date - are pretty significant alterations to the coin (visible by eye). Others are pretty much microscopic in nature. He has categories for all of them...
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