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

2009 April-May Cincinnati, OH (CSNS) US Coin Auction #1124

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Auction Ended On: Apr 30, 2009
Item Activity: 10 Internet/mail/phone bidders
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Duke Energy Center
525 Elm Street
Cincinnati, OH 45202

Fantastic AU55 1916 Doubled Die Obverse Nickel
1916 5C Doubled Die Obverse AU55 PCGS. FS-101, formerly FS-016. Recognition for the 1916 Doubled Die Obverse nickel was slow in coming, as described by David Lange in his Complete Guide to Buffalo Nickels. Though there were reports of the variant in the early 1960s (Lange credits Herbert S. Perlin's July 1962 entry in Numismatic Scrapbook as its first publication), the variety would not become popular until the next decade. Lange writes: "Not until it was described and illustrated in the September 1976 issue of the Coin Dealer Newsletter Monthly Summary did this coin gain proper recognition. It appeared shortly thereafter in the Red Book (A Guide Book of United States Coins, by R.S. Yeoman), and it's been a perennial favorite ever since."
In some ways, the 1916 Doubled Die is the Buffalo nickel's answer to the Lincoln cent's signature doubled die from 1955. At their widest, their spreads are quite similar, though the Pivoted Hub doubling on the 1916 nickel did not double as many design features as did the Rotated Hub doubling on the 1955 cent. Still, the 1916 Doubled Die was not discovered until after collectors began searching in earnest for doubled dies, an event precipitated by reports of the 1955 cent oddity.
The present Choice AU coin shows light golden overtones with hints of pink. Softly struck in the centers, as usual, though the bison's head is well-defined. Light but distinct rub affects the shoulder, though marks are few. Overall, an excellent example that offers great eye appeal. PCGS has certified just nine finer examples (3/09).
From The Joseph C. Thomas Collection.(Registry values: N7079) (NGC ID# 2TSS, PCGS# 3931)

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