Just A Liberty Nickel Observation - Coin Community Forum

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Author	Replies: 8 / Views: 1,170
USSID18 Pillar of the Community 5464 Posts	Posted 08/03/2020 10:56 am I've been looking at many Liberty nickel sets here and on-line over the past few months. Have you guys noticed that many folks have AU or better 1883 "NO CENTS" in their collections? The first coin in many albums, in many cases (not all) seems to be a BU coin with tons of original mint luster. I'm wondering why. I know they are reasonably inexpensive in AU or MS condition. Maybe $60 in MS-63. There were only 5.5 million minted. Compared to the 1883 "WITH CENTS", there were "3 times" (16 million) as many minted... and the price 3 or 4 times "higher" then the 1883 "NO CENTS" in MS-63. Can someone explain that to me? Here's a visual picture of what I'm talking about. Edited by USSID18 08/03/2020 11:00 am Report this Post to the Staff

Alpha2814 Pillar of the Community United States 2023 Posts	Posted 08/03/2020 11:00 am Ref https://libertynickel.net/1883-libe...thout-cents/ and https://libertynickel.net/1883-libe...-with-cents/ Quote: The total mintage of the 1883 Liberty nickel Without CENTS was 5,474,300 pieces struck for circulation at the Philadelphia Mint. The peculiar stories about this issue resulted in quantities of the "without CENTS" variety to be retracted from circulation and saved by the public. As a result, these coins remain readily available to collectors in the present day, even in uncirculated condition. Quote: The 1883 Liberty nickel with CENTS had a total minted for circulation of 16,026,200, which was more than triple the mintage for the "without CENTS" variety. Nonetheless it is actually the "with CENTS" variety that is scarcest for present day collectors. This is because a large number of examples from the initial variety were hoarded by the public, while far fewer examples of the latter variety were saved. Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 08/03/2020 11:03 am That nails it - widespread hoarding. Report this Post to the Staff
dave700x Rest in Peace United States 10625 Posts	Posted 08/03/2020 11:13 am Similar situation with the low mintage (compared to rest of the series) 1950-D Nickel. They were hoarded by the roll when word got out about the mintage. Report this Post to the Staff
USSID18 Pillar of the Community 5464 Posts	Posted 08/03/2020 11:13 am Oh, GOT IT!! The 1883 "WITH CENTS" were saved and hoarded. Probably because of the racketeer nickel thing going on back then. That's why there are so many in AU or better condition! Alpha2814 Edited by USSID18 08/03/2020 11:14 am Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 08/05/2020 08:51 am AND the Nickel is just not the most popular coin so many are in great shape. Report this Post to the Staff
commems CCF Master Historian of USA Commemoratives United States 12256 Posts	Posted 08/05/2020 09:31 am Quote: AND the Nickel is just not the most popular coin so many are in great shape. This is irrelevant to the OP's observation and question. The correct answer was provided above. Collecting history one coin or medal at a time! (c) commems. All rights reserved. Report this Post to the Staff
USSID18 Pillar of the Community 5464 Posts	Posted 08/05/2020 10:42 am Quote: AND the Nickel is just not the most popular coin so many are in great shape. It's popular if you need one for your set. Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 08/05/2020 11:39 am Quote: It's popular if you need one for your set. Cannot argue with that. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
	Replies: 8 / Views: 1,170

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