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What Do You Think About This 1894 5c MS-65 PCGS

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Valued Member

United States
73 Posts
 Posted 09/12/2012  3:09 pm Show Profile   Bookmark this topic Add bobbart to your friends list Get a Link to this Message Number of Subscribers
What do you think about this 1894 5C MS65 PCGS
Please check website and give me your feed back.
It looks like some type of marking under the nose and near the lips?
If that is a repunched date? 4 certainly looks repunched
is this good or bad?
I appreciate your help

http://coins.ha.com/c/item.zx?saleN...777950#Photo


bobbart
Edited by bobbart
09/12/2012 4:13 pm
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ratio411's Avatar
United States
1208 Posts
 Posted 09/12/2012  3:16 pm  Show Profile   Bookmark this reply Add ratio411 to your friends list Get a Link to this Reply
Very pretty coin.
Seems like the site itself has very punishing fees on the buyer.
Don't know about the seller...
Valued Member
Windycity's Avatar
United States
366 Posts
 Posted 09/12/2012  3:38 pm  Show Profile   Bookmark this reply Add Windycity to your friends list Get a Link to this Reply
Seems to lack luster unless that's the Heritage photo problem. Is that a repunched date? 4 certainly looks repunched.
Rest in Peace
dave700x's Avatar
United States
10625 Posts
 Posted 09/12/2012  4:05 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
There appears to be a lot of contact marks on the obverse and a bit of a weak strike.



Quote:
Seems like the site itself has very punishing fees on the buyer


I've only ever bid what I consider reasonable for the auction price including BP. I think it's the seller that may actually get hit unless something hammers for 20% over FMV including BP. I could be wrong as I have only bought not sold through HA.
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kasey's Avatar
United States
110 Posts
 Posted 09/12/2012  4:22 pm  Show Profile   Bookmark this reply Add kasey to your friends list Get a Link to this Reply
they get some from both sides sell/buy....
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 09/12/2012  4:42 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
It does look like the 4 was re punched. Is it something that would increase its value? Who knows. Are there Liberty head nickel collectors who are as fanatical about die varieties of this series as there are of some others who would pay a premium for this?

Ed
ANA LM-3175
Valued Member
United States
73 Posts
 Posted 09/12/2012  5:14 pm  Show Profile   Bookmark this reply Add bobbart to your friends list Get a Link to this Reply
Do you think the coin is worth the money?

Bobbart
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dave700x's Avatar
United States
10625 Posts
 Posted 09/12/2012  5:20 pm  Show Profile   Bookmark this reply Add dave700x to your friends list Get a Link to this Reply
You have to ask yourself if you believe that PCGS got this one right and it's a true MS65. The value at MS64 is quite a drop.
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albertharris's Avatar
United States
901 Posts
 Posted 09/12/2012  6:38 pm  Show Profile   Bookmark this reply Add albertharris to your friends list Get a Link to this Reply
I'd say this is a 65 coin, even without full stars; it's a great strike both OB and RV for a Lib Nickel. Would be a 66 except not all full stars and marks. Price is a little high in today's market.
Valued Member
United States
73 Posts
 Posted 09/13/2012  06:48 am  Show Profile   Bookmark this reply Add bobbart to your friends list Get a Link to this Reply
I appreciate all your help, the auction ends on Sunday and I haven't decide to bid on the coin as of now or just what for another one to come up for bid. I still would like to have more replies back on your thoughts if possible. I know the price is a bit higher...but is it worth it?
I did check the price list at PCGS


Thanks again for all your help,

bobbart

Edited by bobbart
09/13/2012 06:50 am
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sel_69l's Avatar
Australia
21786 Posts
 Posted 09/13/2012  09:38 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
Not quite MS65 for me. There are a couple of tiny marks on the obverse.
MS64.
Valued Member
United States
73 Posts
 Posted 09/14/2012  09:42 am  Show Profile   Bookmark this reply Add bobbart to your friends list Get a Link to this Reply
I,m not going to bid on the coin becuase I,m not sure if it is a MS64 OR MS65 ...PGCS 0s stating it,s a MS65.

THANKS FOR ALL YOUR HELP.
I will just wait for another one to come along


Bobbart
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/14/2012  7:41 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Smart move; I can't decide if it's 65 or not, either. Now, the interesting part - the only overdate I can find for this year is a Proof-only strike....
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sel_69l's Avatar
Australia
21786 Posts
 Posted 09/14/2012  7:55 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
SsuperDdave: Is it possible that the proof coins were made AFTER the production for the business strikes were completed?

That happened with the 1959 Australian proof florin. The master die for the business strikes had a flaw, which was reproduced for the entire business strike issue, and the master die had to be modified to remove the flaw so that a proof die could be made from it. 1,506 florins were struck, so presumably only one pair of dies were needed for the proof florin of that year.

Perhaps in the case of 1894 proof only nickel, a replacement die had to be modified.
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Bizybackson's Avatar
United States
1817 Posts
 Posted 09/14/2012  10:10 pm  Show Profile   Bookmark this reply Add Bizybackson to your friends list Get a Link to this Reply
Decent coin that fully justifies the 65 grade. MS64 Libnics generally don't exhibit such creamy luster, not after 120 years for a coin that's 75% copper, the "whiteness" of the coin mightn't be original. However, eye appeal-wise, it's at the upper end of the grade, even with the hits. This was an atrociously produced set from start to finish, and the early years 1887-1896 are quite difficult to find looking like this in 65/66. I've seen 66 LibNics that weren't as nice as this one. Totally worth the price and deserving of a CAC sticker, IMO. If you miss this one, might be awhile before another comes along. The '94 is difficult in any MS grade above 62.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 09/14/2012  11:03 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
SsuperDdave: Is it possible that the proof coins were made AFTER the production for the business strikes were completed?


Conceivable, but entirely unlikely. Typical US practice is to always strike the Proofs first, even at the cost of modifying the Master Die before doing so. It should be noted that this decade was possibly the glory days of US Proofs; some of the finest strikes of any non-Modern coin came from the 1890's.

I do not have access to an authoritative compilation of 1894 varieties. Furthermore, I note that the potential overdate on the coin linked here is in a slightly different location than that on the known Breen-2556. It may be a known overdate.

What it is, though, is a beautiful strike in a new PCGS slab, and they know full well they more than doubled the value by calling it 65 instead of 64. And note, Business Strikes at that level are worth more than Proofs in the equivalent grade for this date. This is probably not the 65 I'd buy if I wanted one, but I hesitate to call it "overgraded."
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