LOT #4556 |
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1916 5C Doubled Die Obverse, FS-101, MS61 NGC....
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Sold on Apr 28, 2016 for:
$59,925.00
Bid Source: Internet bidder
Description
1916 Buffalo Nickel, MS61
Famous Doubled Die Obverse, FS-101
Sought-After Guide Book Hubbing Error
1916 5C Doubled Die Obverse, FS-101, MS61 NGC. The 1916
Doubled Die Obverse Buffalo nickel is well-known and extremely
popular with collectors today, but this remarkable hubbing error
went undetected for decades after its striking. David Lange details
the early history of this issue in his Complete Guide to Buffalo
Nickels:"The first published report of this variety (FS-1916-101) appeared in The Numismatic Scrapbook Magazine for July 1962, when an example was submitted by Herbert S. Perlin of Pomona, California. Knowledge of it, however, was not widespread until the mid-1970s. 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."
Because the issue went unnoticed at the time of issue none were saved for numismatic purposes. By the time collectors became aware of this dramatic Mint error, the coins had been circulating for decades and most examples seen are in lower circulated grades. The surviving population is estimated at 150-200 examples in all grades, with fewer than 15 Mint State specimens extant.
The 1916 Doubled Die was the result of pivoted hub doubling, according to CONECA, producing a "very strong spread on date, chin, throat, feathers, and the tie on the braids." These features are all evident on the present coin, a pleasing MS61 specimen with well-detailed design elements and slightly subdued satiny mint luster on the obverse. The reverse is sharper, with brighter luster. The lightly marked surfaces are blanketed in delicate shades of lavender-gray and pale gold toning and the overall presentation is quite attractive. Census: 2 in 61, 10 finer (2/16).
From The Indian Rocks Collection.
Coin Index Numbers: (Variety PCGS# 145628, Base PCGS# 3931)
Weight: 5.00 grams
Metal: 75% Copper, 25% Nickel
View all of [The Indian Rocks Collection ]
Auction Info
2016 April 27 - May 1 CSNS US Coins Signature Auction - Chicago #1234 (go to Auction Home page)
Auction Dates
Apr-May, 2016
27th-1st
Wednesday-Sunday
Bids + Registered Phone Bidders: 18
Lot Tracking Activity: N/A
Page Views: 1,841
Buyer's Premium per Lot:
17.5% of the successful bid per lot.
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