There are currently no items available for purchase in this Department. Search our Auction Archives below to find item values.
Opening Bid
:
Current Bid:
Reserve Amount:

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).


Notice: You are the current high bidder on this lot, but the next highest bid is within one increment. That means that any additional bids on this lot will outbid you. To increase your chances of winning, enter your highest maximum bid.

You are the current high bidder on this lot with a secret maximum bid of %bidPretty%.
(%bidBP% w/Buyer's Premium (BP) ).

You are the current high bidder on this lot.
(Sign-In to see your maximum bid)

Your secret maximum bid of %bidPretty% has been outbid.

Your secret maximum bid of %bidPretty% does not meet the reserve.

(Sign-In to see your maximum bid)

Your secret maximum bid does not meet the reserve.
(Sign-In to see your maximum bid)

Lot
5549

1918/7-D 5C MS61 ANACS. The 1918/7-D overdate Buffalo ...

2004 July New York, NY Signature Sale #320

Sold for: Sign-in or Join (free & quick)
Claim Item: Sign-in or Join (free & quick)
Auction Ended On: Jul 20, 2004
Item Activity: 8 Internet/mail/phone bidders
761 page views
Location: New York, NY
Description:
Impressive Mint State 1918/7-D Buffalo Nickel
1918/7-D 5C MS61 ANACS. The 1918/7-D overdate Buffalo nickel is one of the most popular rarities among all of 20th-century American coinage. Like the 1916 Doubled Die variety, this overdate was not discovered and recognized until many years later, in 1931. As there was no initial search in 1918 or the next couple years to find examples, the entire production entered circulation and quickly became worn. As a result, high-grade examples are extremely rare, as those that did survive did so strictly as a matter of chance. Even when the variety was known, widespread knowledge did not exist, and an active search only began in earnest many years later.
Barney Bluestone, a coin auctioneer in the 1930s and 1940s, was the first to publicize this variety, with the publication being in his very first auction catalog. His description was rather extensive for the time: "1918 over 17 D. Mint 5C Nickel. Bold over-date, the only specimen known to exist at the present time. Unc. brilliant. No collection complete without this extreme rarity. This specimen is rarer than the 1913 Liberty Head nickel. Should realize a very high price as this piece is the rarest nickel known."
As with the 1942/1 dime and the 1918/7-S quarter dollar, this overdate is technically a doubled die, the coinage die receiving impressions from two different hubs. During the die manufacturing process, coinage dies were hubbed with two blows from the hub die, but normally these were precisely aligned without any offset. Doubled dies such as the 1916 Doubled Die nickel were created with the two blows from the hub slightly mis-aligned. In the case of these overdates, the two hubs used in the die making process actually had two different dates! But how did this happen? How is it possible that coinage hubs bearing two different dates were used at the same time? The answer is actually quite simple. Dies were being produced near the end of the year, with some bearing the 1917-date for current production, and others bearing the 1918-date for future use. During this process, one die crossed the boundary, receiving an impression from the 1917-dated hub, then a second impression from the 1918-dated hub. All of these 20th-century overdates were created by accident, not intentionally, as they were all discovered many years after production. As no hoards of these overdate nickels have come to light, it seems that they all received widespread and active circulation.
Today, coins are examined for varieties almost immediately upon entering circulation. Such was not the case in 1918, as there were no albums to arrange coins in logical order, and there were no widely distributed coin price guides to inform a large part of the public of these varieties' existence. As such, unusual and interesting die varieties were not saved or even discovered at the time of issue. This example is somewhat softly struck, as a result of the very late die state. The surfaces exhibit full luster beneath attractive light gold toning. Considerable die flowlines are visible in the fields, with the ever-present die crack across the Indian Chief's cheek extending nearly to his mouth.
From The Bent Tree Collection, Part Three. (#3939) (Registry values: N4719) (NGC ID# 22RJ, PCGS# 3939)

View all of [The Bent Tree Collection, Part Three ]
View large image(s) of this item

Service and Handling Description: Coin/Currency (view shipping information)

Sales Tax information  |  Terms and Conditions

Bidding Guidelines and Bid Increments

Guides and Pricing Information:

Previous Prices from Heritage Auctions
Sign-in or Join (free & quick)
Price Guide
Sign-in or Join (free & quick)
Population Guide
Sign-in or Join (free & quick)
Find Auction Prices for Comparable Items:

Photographs:
Sign-in or Join (free & quick) to see the full image


FLOOR AUCTIONS View All
Open For Bidding
Coming Soon
HERITAGE MEMBERSHIP
882,252
bidder-members
$972,001,619
sold in the last year
VIEW BENEFITS
  1. Past Auction Values (prices, photos, full descriptions, etc.)
  2. Bid online
  3. Free Collector newsletter
  4. Want List with instant e-mail notifications
  5. Reduced auction commissions when you resell your
    winnings 
CONSIGNMENTS WANTED
Consign to the 2015 January 4 - 5 NYINC World Coins & Ancient Coins Signature Auction - Waldorf NYINC.
Learn About Consigning With Us
I am more than please with the results and enjoyed every moment of my consignment to Heritage. From start to finish it has been first class and enjoyed our phone conversation.
Tom Corley,
Newtown, PA
HA.com receives more traffic than any other auction house website. To compare for yourself, visit: compete.com
Take our 2014 Coin
and Currency Survey
Grand prize:
A Certified Uncirculated
1907 High Relief $20!*
Take the Survey
HERITAGE VIDEO TUTORIAL
GETTING THE MOST OUT OF SEARCH
RECENT AUCTIONS
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
2014 August 5, 7 & 9 ANA US Coins Signature Auction - Chicago
REALIZED $36,096,003
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
2014 August 8 ANA World and Ancient Coins Platinum Night Auction - Chicago
REALIZED $10,501,015
2014 August 6 ANA Currency Platinum Night Auction - Chicago
2014 August 6 ANA Currency Platinum Night Auction - Chicago
REALIZED $2,960,604