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Lot
3106

1880 5C MS65 NGC. "Dropped 8" variety, with repunched second 8. Breen states these are only found on proofs only, but in hi...

2006 January Orlando, FL (FUN) Signature Auction #394

 
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Auction Ended On: Jan 5, 2006
Item Activity: 7 Internet/mail/phone bidders
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Location: Orlando, FL
Description:
Finest NGC Certified 1880 Shield Nickel MS65
1880 5C MS65 NGC. "Dropped 8" variety, with repunched second 8. Breen states these are only found on proofs only, but in his book The Shield Five Cent Series Edward L. Fletcher Jr. says, "It would appear that the proof obverse die was used for business strikes also." This example is boldly defined with a thin veil of milky gray patina affecting both sides. A few minor imperfections in the upper reverse field appear to be mint-caused.
The 1880 Shield Nickel, with a business strike production of a mere 16,000 pieces, is a challenging issue at any level of preservation when located in something other than proof format. The odds of finding a Gem Uncirculated survivor therefore are miniscule. A similarly certified PCGS coin in last year's ANA Sale brought the impressive sum of $57,500. Census: 1 in 65 (PCGS population 3 in 65, 1 finer), 0 finer (11/05).(Registry values: N4719) (NGC ID# 276E, PCGS# 3810)

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