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Description

High Grade 1916/16 Nickel, AU55

1916 5C Doubled Die Obverse AU55 NGC. FS-101, formerly FS-016. The lower left obverse is widely die doubled, with the most dramatic offset on the date. Curiously, this major variety was not discovered until 1962, and did not command a significant premium for more than a decade afterward. Since that time very few examples have turned up in any grade, and high grade coins are especially difficult to locate. Only 10-12 coins are believed known today in Uncirculated condition with perhaps twice that many in the various grades of AU. This is a gray example with pronounced areas of reddish patina. Ample luster is seen on each side, and there are no mentionable abrasions. One cannot fault the lack of high point detail as no 1916/16 nickels are known with complete definition. Otherwise, the surfaces are virtually fault-free with no mentionable abrasions on either side. This is an important opportunity for the Buffalo nickel specialist to acquire what is very likely the rarest coin of the 20th century that is generally included as part of a regular U.S. series.
From The Scott Rudolph Collection.
See: Video Lot Description(Registry values: N7079) (NGC ID# 2TSS, PCGS# 3931)


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Auction Info

Auction Dates
January, 2009
7th-11th Wednesday-Sunday
Internet/Mail/Phone Bidders: 9
Lot Tracking Activity: N/A
Page Views: 1,188

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