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Lot
391

1916 5C Doubled Die Obverse MS64 NGC. FS-101. ...

2010 June Long Beach, CA Signature US Coin Auction #1140

 
Sold for: Not Sold
Auction Ended On: Jun 3, 2010
Item Activity: 7 Internet/mail/phone bidders
6,805 page views
Description:
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1916 Doubled Die Obverse Buffalo Nickel, MS64
A Fabulous Example and Tied for Finest Certified
1916 5C Doubled Die Obverse MS64 NGC. FS-101. Although some regular 1916 Buffalo nickels are known to show strike doubling on the date, they are easily distinguished from the unusual Doubled Die coins, which show prominent but incomplete (at the bottom) digits from a first strike of a working hub, well southeast of the subsequent strike. Other obverse features are doubled--the chin, throat, and lips. The feathers at the back of the head are plainly doubled at their bottoms, including the tiny partial feather closest to the neck. The butterfly-shaped attachment of the feather quills to the hair is plainly doubled on both sides. Traces of doubling are visible as well along the forward edge of the profile.
In a March 15, 2005, Numismatic News column, Paul M. Green described the 1916 Doubled Die nickel "as perhaps the greatest and least known rarity of the 20th century. It is ironic, because the logical assumption would be that any coin of the 20th century is well known and appreciated." Knowledge of the variety became widespread only in 1976; even today, many otherwise knowledgeable numismatists fail to realize how rare the issue is--in all grades, but particularly in Mint State.
The finest certified are a number of near-Gems at both services, including two MS64 PCGS pieces that we have handled in the last few years. (PCGS has certified only those two pieces in MS64.) The 1916 Doubled Die invites a comparison with another popular Buffalo nickel variety, the 1918/7-D. NGC has certified three Gems of the 1918/7-D Buffalo, and 22 examples of that variety in MS64. Even if one deletes one-third of those coins as duplicates, it still leaves almost four times as many 1918/7-D Buffalos at the near-Gem level compared to the 1916 Doubled Die.
The obverse of this impressively lustrous near-Gem has gold-orange peripheral toning that yields to light nickel-gray in the centers. The reverse is more richly patinated in stark blue and green-gold hues. Both sides show a slight degree of central striking softness, but the crucial date area is crisp with strong impressions from both date hubs. Wispy abrasions on the major devices and in the fields account for the technical grade, though the eye appeal is more evocative of an even finer designation. Census: 6 in 64, 0 finer (4/10).
From The Brenda John Collection.(Registry values: N10218) (#3931)

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Guides and Pricing Information:

Previous Prices from Heritage Auctions
Lot Date Grade Service Realized
Auction 1166, Lot 3088 Sunday, January 8, 2012 64 NGC $172,500.00
Auction 1124, Lot 2131 Sunday, May 3, 2009 64 PCGS $184,000.00
Auction 1121, Lot 3640 Sunday, January 11, 2009 64 PCGS $195,500.00
Auction 384, Lot 1853 Saturday, September 24, 2005 64 PCGS $264,500.00
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PLEASE NOTE: All prices realized reflect the final hammer price PLUS the buyer's premium in auctions that charge a buyer's premium. Each item has a notation at the top of the listing indicating whether that lot included a buyer's premium. All information listed is intended to be as accurate as possible, but errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Previous Prices Reported By Other Auction Firms (Not Verified By Heritage)
Source Date Grade Service Realized
Unconfirmed Tuesday, April 15, 2008 64 NGC $276,000.00
Unconfirmed Thursday, November 15, 2007 64 PCGS $316,250.00
Unconfirmed Saturday, August 14, 2004 64 PCGS $281,750.00
PLEASE NOTE: Heritage has not verified this data, which represents the sale or auction of an item from a third party (and includes the Buyer’s Premium where applicable). All information listed is intended to be as accurate as possible, but it has been taken from sources that may or may not be reliable and errors are possible. Please use this guide carefully and inform us of any inaccuracies.
Price Guide*
Grade Coin World
(Coin Values)
Numismedia
Retail
Numismedia
Wholesale
Numismedia
NGC (nmn)
Numismedia
PCGS (nmp)
PCGS
Price Guide
PCGS+
63 $175,000 $149,500 $115,000 $100,000 $105,000 $135,000 $150,000
64 $225,000 $237,500 $190,000 $165,000 $175,000 $200,000 ---
65 $400,000 $390,000 $300,000 $275,000 $280,000 --- ---
*All information listed is intended to be as accurate as possible, but errors are possible. No item may be returned or refused based on this information which is provided as a service to our customers. You should contact each pricing source directly to determine the accuracy of this information.
Population Guide
Service Grade Population in this Grade Population of Higher Grade Population in All Grades + Mintage Engraver
PCGS Not available from PCGS 0 James E. Fraser
NGC 64 4 0 87 -
CAC 64 1 0 16 -
*This information is provided and owned by PCGS. Its display and use are subject to the licensed agreement between PCGS and Heritage Auctions.
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