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1866 Shield Nickel

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Half's Avatar
United States
606 Posts
 Posted 02/10/2016  1:00 pm Show Profile   Bookmark this topic Add Half to your friends list Get a Link to this Message Number of Subscribers
According to the ANA grading standards book "many early Shield nickels are unevenly struck with weak spots in the details."

Is this one an example of that? The "S OF" on the revers looks super weak to me but the date looks especially weird.

I thought that it was some sort of altered date at first but after looking it up I am not sure.

The shield fairly screams XF to me but NGC says it is AU50 so maybe strike again?

http://www.ebay.com/itm/1866-w-rays...AOSwZ1lWgdpC
Edited by Half
02/10/2016 1:03 pm
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scstrawn's Avatar
United States
536 Posts
 Posted 02/10/2016  2:03 pm  Show Profile   Bookmark this reply Add scstrawn to your friends list Get a Link to this Reply
Shield nickels are tricky. Since this was their first try at coining with a nickel mix, they struggled to get consistent strikes and the dies wore out super-fast. About 90% of early Shield nickels have weakness somewhere. Most 66s are gonna be kinda lousy. I agree that the date looks strange, and I'd normally stay away unless it has the eye appeal you really want.
Rest in Peace
moxking's Avatar
United States
17900 Posts
 Posted 02/10/2016  3:10 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
They are asking a premium price for a coin with significant strike weakness in several areas both obverse and reverse.

Although most Shield nickels display problems because the dies simply didn't last long on the hard nickel planchets there are nice examples with good strikes if you search long enough.

In many cases certain types are considered more desirable if they have the die cracks that are prevalent on the Shield nickels (large cents and bust halves, as examples).

In the case of the Shield nickel a well struck example (especially the earlier years) is an unrecognised rarity and it takes time to find one. The best part is that when you do, it probably won't cost a cent more.
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Half's Avatar
United States
606 Posts
 Posted 02/10/2016  5:48 pm  Show Profile   Bookmark this reply Add Half to your friends list Get a Link to this Reply
Very interesting.

I new this was a tough series to learn but holy cow.

I appreciate the information.
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