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Shield Nickel Acquisition

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Author Previous TopicReplies: 9 / Views: 1,372Next Topic  
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 05/16/2008  12:21 am Show Profile   Bookmark this topic Add johnny54321 to your friends list Get a Link to this Message Number of Subscribers
so I finally found a Shield nickel for the right price, $19. Here are some pics from my ebay purchase. You'll notice that there is some corrosion on the back between c and e. Other than that, the coin looks pretty good to me with some interesting toning that I'm fond of. I'm actively(or should I say, addictively) filling my Dansco 70/70 book with coins, and a VF+ grade requirement. I think this makes the cut. My only other one grades AG-3...

Image: Shield-Nickel-Acquisition 48be_1.jpg
20.51 KB

Image: Shield-Nickel-Acquisition 49a8_1.jpg
20.52 KB
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Prethen's Avatar
United States
3233 Posts
 Posted 05/16/2008  09:24 am  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
It definitely is of higher grade, XF or so, but those surfaces are what the services would call "environmentally damaged". Personally, I would have held out for a lower grade one without any problems, or saved a few extra bucks for a problem-free XF.
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Amazon99's Avatar
United States
2443 Posts
 Posted 05/16/2008  5:02 pm  Show Profile   Bookmark this reply Add Amazon99 to your friends list Get a Link to this Reply
I'm with Prethen on this one. If you would spend an addition $20 you could have gotten a problem free one off ebay.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 05/16/2008  5:48 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I think I gave 30 bucks for mine in my dansco7070 and it was graded by ANACS as AU-58 and it was a 1867 also
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johnny54321's Avatar
United States
4849 Posts
 Posted 05/16/2008  5:49 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Yeah, I understand it is a problem coin. I really liked the eye appeal of this one, which is why I bought it(and my taste differs from the general pop).
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johnny54321's Avatar
United States
4849 Posts
 Posted 05/16/2008  7:39 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply
Wow, you got a great deal Bryan? By recent prices, the 1967 no rays nickel in that grade is going for $80-$120 or so based on heritage auction sales..http://coins.ha.com/common/search_r...rays&x=0&y=0
Even cleaned/problem AU ones are going for around $50-$60.

I have been admirer of your type set for a while now, and have probably looked at your page at least 10 times...Very impressive!

Mine won't be nearly that nice, but it will be UNIQUE!(just like everyone elses..) :-P I have a few really good ones that are of a series I enjoy.
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Bryan1315's Avatar
United States
14454 Posts
 Posted 05/16/2008  7:57 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I would have never thought this little album would be so hard to complete, I probably have about 9000 dollars in my album and its still not finished, but when it is every coin will be problem free and be in atleast AU-50 grade
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Prethen's Avatar
United States
3233 Posts
 Posted 05/16/2008  8:08 pm  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply

Quote:
Yeah, I understand it is a problem coin. I really liked the eye appeal of this one, which is why I bought it(and my taste differs from the general pop).

Unfortunately, you'll likely change your tune on this once you attempt to sell. After one or two times trying to do that with different coins with problems and you'll discover why problem coins can be quite the bane for collectors. What you perceive as eye appeal is actually damage. Sorry, if this appears harsh. I'm not trying to be.
Edited by Prethen
05/16/2008 8:09 pm
Rest in Peace
johnny54321's Avatar
United States
4849 Posts
 Posted 05/16/2008  10:19 pm  Show Profile   Bookmark this reply Add johnny54321 to your friends list Get a Link to this Reply

Quote:
Unfortunately, you'll likely change your tune on this once you attempt to sell. After one or two times trying to do that with different coins with problems and you'll discover why problem coins can be quite the bane for collectors. What you perceive as eye appeal is actually damage.


Agreed. I don't expect to make a profit on this coin as an investment, and the $19 I spent reflects that. When I sell(if ever), i'll probably break even or take a loss. It fills the hole and looks good to me for now.
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atlashealth's Avatar
United States
1691 Posts
 Posted 05/17/2008  3:00 pm  Show Profile   Bookmark this reply Add atlashealth to your friends list Get a Link to this Reply
Johnny's got a good eye..keep up the good work..that bit of corrosion looks like verdigris (oxidized copper) which might clean well...either way ENJOY OWNING IT!
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