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Lot
5059

1929 5C MS67 PCGS. CAC....

2012 August 2-5 US Coins Signature Auction- Philadelphia #1173

 
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Auction Ended On: Aug 3, 2012
Item Activity: 8 Internet/mail/phone bidders
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Location: Sheraton Philadelphia Downtown Hotel
201 North 17th Street
Philadelphia, PA 19103

Description:
1929 Nickel, MS67
Rich Mint Luster, Ice-Blue and Rose Toning
1929 5C MS67 PCGS. CAC. Once in a great while, we are able to offer a truly special coin that is designed only for the finest collection. Such is the case with this particular 1929 Buffalo nickel. According to David Lange, this date is usually well (but not fully) struck up, a typical characteristic of many nickels from the 1920s. Wear on the master hubs was partly to blame, but incompletely hubbed dies and greater than optimal die-set distance seems to have also contributed to this problem. This example displays near-full striking definition, save only for just a bit of fadeaway at the obverse rim.
At this time in history, the Mint did not have a program to sell coins directly to collectors in packaged sets; however, the Treasury Department was aware that hobbyists sought Uncirculated examples of the current issues. Circulars issued during 1932 reveal how fresh coins were obtained by the collecting public, and 1929 Philadelphia nickels were among the pieces that remained available at the time.
Typically 1929 nickels are very lustrous, this example being no exception with deeply frosted surfaces overall. Even close inspection fails to reveal any notable marks, spots, or blemishes. A fully original coin, soft ice-blue toning graces each side with some pastel-rose color intermixed on the reverse. Population: 3 in 67, 0 finer (6/12).(Registry values: N2998) (NGC ID# 22SE, PCGS# 3966)

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