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Questions For The Experts,87p Nickel Struck On Clad Stock

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Pillar of the Community

United States
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 Posted 11/25/2019  1:33 pm Show Profile   Bookmark this topic Add NDCENT to your friends list Get a Link to this Message Number of Subscribers
Hello all,I am considering selling my 1987P Nickel Struck On Clad Stock.Last one sold for about $2,000.It graded AU58.I have seen the one graded AU53 for $900.There is only about 10 known so far.My questions are,Is it possible to find out the remaining 87p nickels grades? I ask because mine is graded MS70,although I think it is MS69.Which Auction House should I utilize? One can never be certain,but my coin should be POP:1 I would exspect to see it go for 18k-20k or more.Thanks in advance for your time.
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Willburton's Avatar
United States
2558 Posts
 Posted 11/25/2019  1:37 pm  Show Profile   Bookmark this reply Add Willburton to your friends list Get a Link to this Reply
That seems like a hard thing to look up to me. What company graded your coin?
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Yokozuna's Avatar
United States
4618 Posts
 Posted 11/25/2019  1:52 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
Is yours a Proof or Business strike? I can't find any coin graded by PCGS or NGC that's graded MS-70. That alone could be valued at $20,000 or more!








Edit: Changed a word.
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
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Edited by Yokozuna
11/25/2019 6:29 pm
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John1's Avatar
United States
56855 Posts
 Posted 11/25/2019  1:58 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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Yokozuna's Avatar
United States
4618 Posts
 Posted 11/25/2019  2:01 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
If you could, would you post pictures of the coin? I would be interested in the edge. Does it show a bright copper band around the edge?
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
Questions-For-The-Experts,87p-Nickel-Struck-On-Clad-Stock


Pillar of the Community
United States
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 Posted 11/25/2019  2:13 pm  Show Profile   Bookmark this reply Add NDCENT to your friends list Get a Link to this Reply
yes it shows the exact edges of the clad quarters.It is bright copper.It is a Business Strike.I am currently at work,working on split screen to talk.lol
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 Posted 11/25/2019  2:16 pm  Show Profile   Bookmark this reply Add NDCENT to your friends list Get a Link to this Reply
It has been awhile since my last posted pictures,so when I get home I will post pictures of the coin.It is such a beautiful coin.
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Yokozuna's Avatar
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 Posted 11/25/2019  2:20 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
NDCENT said...

Quote:
It has been awhile since my last posted pictures,so when I get home I will post pictures of the coin.It is such a beautiful coin.


TOO COOL!! THANKS!

I've seen this error in a slab, but they didn't show the edge. I'm excited to see it!
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
Questions-For-The-Experts,87p-Nickel-Struck-On-Clad-Stock


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John1's Avatar
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 Posted 11/25/2019  2:50 pm  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
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 Posted 11/25/2019  5:53 pm  Show Profile   Bookmark this reply Add Greasy Fingers to your friends list Get a Link to this Reply
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 Posted 11/25/2019  8:32 pm  Show Profile   Bookmark this reply Add NDCENT to your friends list Get a Link to this Reply
This coin has really nice light gold toning which may look like spots on these pictures,but I assure this coin is beautiful.I will try and take full obverse and reverse to show luster and gold toning.
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Big-Kingdom's Avatar
United States
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 Posted 11/27/2019  06:44 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
I think you got scammed. No 1987P was graded above MS67 by NGC or PCGS that I am aware of. MS68 would be extremely rare, MS69 would be impossibly rare and MS70s just don't happen, it a 1 in a trillion coin except in the silver eagle line of coins.
MS70 graded coins just don't happen from the 3rd party graders except for silver eagles.

I think the slab has to be a basement grader slab with a false grade on it and at that point I'd question the authenticity of the coin also.

Sorry if it comes across as harsh. I'd need to see a whole lot more than 3 close up pictures... and some history story of how you acquired it, who graded it ect., to know if this is real or a scam.
For now I'm really skeptical just from you saying it's a MS70 and those pictures are just making it more sketchy.
Value $0.05 until a whole lot more is known. Sorry.

If its real, You'd need to get it graded by PCGS or NGC to get the really high prices. Nobody is going anywhere near it in other slabs that would be less trustworthy.
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John1's Avatar
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 Posted 11/27/2019  07:08 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
Please post pics of entire slab,front and back and try and get a better pic of the edge.Thanks.
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jasper62's Avatar
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 Posted 11/27/2019  07:36 am  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply
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Conder101's Avatar
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 Posted 11/27/2019  08:38 am  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Weight would be important here. If it is struck on dime clad stock it should weigh about 2.69 grams, quarter stock 4.95 grams (indistinguishable by weight from a normal five cent piece), and half dollar stock 7.86 grams.
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Big-Kingdom's Avatar
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 Posted 11/27/2019  10:54 am  Show Profile   Bookmark this reply Add Big-Kingdom to your friends list Get a Link to this Reply
From Heritage Auctions
"1987-P 5C Jefferson Nickel--Struck on Clad Stock--AU58 NGC. Ex: New England Collection. 4.22 gm. The newfangled NGC holder clearly shows the edge of this coin, which is divided into the dark brown and gray bands typical of clad dimes through halves. Apparently, clad strip intended for quarters was rolled to the thickness for Jefferson nickels and sent through a nickel planchet cutter, resulting in the present untoned and satiny error coin. The left-side rims are softly struck, and the fields display an orange-peel texture due to long-in-use dies."

From a Coin World article: "There is only one secure case of a solid-alloy denomination being struck on clad stock; a 1987-P Jefferson 5-cent coin struck on copper-nickel clad quarter dollar stock. Only about five or six examples are known."

From my understanding, the 1987P was on quarter Clad stock that was rolled out to Nickel thickness and some punched out as nickel planchets, it's not struck on dime or quarter stock meant for quarters or dimes.

This is still screaming a slab grading scam to me, even more so now. for there to be only a handful known to exist some graded, and you having one graded MS70..... What are the chances?
your up close pictures, especially the rim areas, and surfaces just look wrong compared to examples on the internet of a genuine 1987-P struck on clad stock.

Should weigh 4.2 grams but you'd have to crack it out to weigh it at this point. worn looking rims from a soft strike and poor surfaces from worn dies is the diagnostic for this coin, and your pictures show something else entirely, something well struck and clean.

Yeah, I'm even more skeptical now that I've dug a bit further.
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