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Lot
2730

1916 5C Doubled Die Obverse AU55 NGC....

2008 January Orlando, FL (FUN) Signature Coin Auction #454

 
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Auction Ended On: Jan 10, 2008
Item Activity: 9 Internet/mail/phone bidders
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Location:

Orange County Convention Center
North/South Building
9400 Universal Blvd.
Orlando, FL 32819

Lot Viewing, Room 220 D, E, F
Auction, Room 230 B

Description:
Choice AU 1916 Doubled Die Nickel
1916 5C Doubled Die Obverse AU55 NGC. FS-016. Medium yellow-gray as typically seen on circulated Buffalo nickels, but this is the coveted and elusive 1916 Doubled Die obverse. Note the doubling on the Chief's feathers, ribbons and neck, and of course the date. These elements are strongly preserved on a coin of this grade, and quickly faded away as these circulated into lower grades as normally encountered. Slight streaking can be seen with a loupe, and scattered handling marks from brief circulation.
The 1916 Doubled Die, the 1918/7-D Overdate, and the 1937-D Three-Legged varieties are three special Buffalo nickel issues that are aggressively sought by novice collectors and specialists alike. This is because all three varieties are recorded in the annual editions of the Guide Book of United States Coins, published by Whitman. The variety was first publicized in 1962 and first listed in the Guide Book in 1978.
With the meticulous record-keeping of the grading services, collectors finally have a glimpse into the true rarity of most United States coins. Most of the key date rarities have been certified after over 20 years of submissions, and any dates relative rarity can be determined in any particular grade. In the case of the 1916 Doubled Die nickel, NGC reports 19 pieces graded this high, with an additional 13 coins graded finer. A foremost rarity in any grade, and highly desirable in such a loft state of preservation.
From The Madison Collection.(Registry values: N7079) (NGC ID# 2TSS, PCGS# 3931)

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