Cwb8539,
Nice acquisition! Although I have to say the strike is extremely strong for an MS coin, particularly on the stars, the two ears of corn, and the obverse wire rim, it may very well be a misattributed proof. The Lib Nick proofs of 1887-1889 were carelessly made, the majority of proof blanks were not milled properly nor polished enough so that the great majority of them had uncirculated luster and were virtually undistinguishable from business strikes. The proofs in these three years were struck once with greater pressure than the uncs. The greater pressure meant the dies cracked more often than unc dies (probably from uneven striking pressure) and then discarded. The chief diagnostic of this is sharply detailed stars on one side, but relatively flat ones on the other. Whereas uncs of this vintage were very lightly struck, in order to lengthen die life, since nickel production ramped up in 1887. The unc strikes are typically mushy with EF-AU details, so a sharply stuck MS from 1887-89 is about as rare as an 85 or 86.
The 1889 proof nickels are so subpar, there are less than 10 in 65 cameo, whereas most of the other dates have at least a 100 certified coins in cameo. Nevertheless, you got a fine specimen there
Edited by zazenboy
07/10/2010 12:05 pm