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Lot
864

1880 5C MS65 PCGS. Here is an incredibly rare coin that will certainly have claims to be well up in the Condition Census an...

2006 April (CSNS) Signature Auction #404

 
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Auction Ended On: Apr 26, 2006
Item Activity: 12 Internet/mail/phone bidders
2,703 page views
Location: Columbus, OH
Description:
Magnificent Gem Mint State 1880 Shield Nickel
1880 5C MS65 PCGS. Here is an incredibly rare coin that will certainly have claims to be well up in the Condition Census and perhaps tied with the Finest Known. Housed in an older first generation PCGS holder and wonderfully free of spots or similar problems. The color is a gorgeous light nickel-blue on the obverse, with satiny and slightly reflective fields while the reverse is the standard steel-gray color. No surface marks are worthy of note, and this coin is so spectacular, that PCGS gave it the coveted Gem grade way back during their first few years of existence. This is one of the key dates to the series, and as a date a lot more common in proof condition than in any mint state or circulated grade. It would be impossible to overstate the rarity or desirability of the present coin, and any specialist in the series will quickly understand upon viewing the present coin just how special it is. A highlight for the Shield nickel collector.
During this mid to late 1870s the coinage dropped off for these Shield nickels. Mintages plunged, and were it not for the usual proofs issued, many dates would be virtually unobtainable. A mere 16,000 were struck for circulation, and all but a handful apparently disappeared. To date a scant 61 have been graded by NGC and PCGS in all grades! Where are the others, we may never know. However, we do know that this is one of the finest to survive. Population: 3 in 65, 1 finer (3/06).(Registry values: N4719) (NGC ID# 276E, PCGS# 3810)

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