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1918/7-D 5C FS-101 MS64 NGC....

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Sold on Feb 24, 2021 for:
$49,200.00 Bid Source: HA.com/Live bidder
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Description

1918/7-D Nickel, MS64
FS-101, Fantastic Multicolor Toning
Scarce in Mint State

1918/7-D 5C FS-101 MS64 NGC. Although there are a number of conditionally rare dates in the Buffalo nickel series, the true key issues are the major Guide Book varieties. These include the 1916 Doubled Die Obverse, the 1937-D Three-Legged, and the 1918/7-D. Of these, the 1916 Doubled Die is clearly the rarest, but the 1918/7-D is only marginally more plentiful in Mint State. Uncirculated examples of the overdate seldom appear at auction, and those that do are usually in the MS62 or lower grades. Grade purists would even argue that some of the coins in the MS61 and MS62 levels are not true Mint State coins but are rather exceptional AU58 pieces that are "market graded" as Mint State to reflect their perceived value.

This phenomenon is much less legitimate in MS64 and finer grades, where grading standards become much more stringent. Perhaps that is why the overdate Buffalo is so rare in this grade. Including duplicate appearances of some pieces, we have seen a 1918/7-D Buffalo in MS64 on only 15 prior occasions, most occurring many years in the past. Our only recent offering of a coin in this grade was in the 2018 FUN Signature, where a PCGS example realized $66,000. Before that, one has to trace back to 2014, when another Choice example realize $64,625. We have not handled a Gem example of this issue since 2013, when a PCGS coin garnered $258,500.

This MS64 NGC piece is a great rarity and one that will improve many Registry Sets. Each side features peach-orange and rose centers that merge with violet and powder-blue tones toward the rims, culminating in golden-yellow patina around the very edges. There are small, well-hidden marks on the portrait and bison but the only one of any consequence occurs on the front left leg. Strike definition is generally strong, including on the overdate. Census: 15 in 64, 4 finer (1/21).

Coin Index Numbers: (NGC ID# 22RJ, Variety PCGS# 38446, Base PCGS# 3939)

Weight: 5.00 grams

Metal: 75% Copper, 25% Nickel

View Certification Details from NGC

Auction Info

2021 February 23 - 25 US Coins Signature Auction #1327 (go to Auction Home page)
Auction Dates
February, 2021
23rd-25th Tuesday-Thursday
Bids + Registered Phone Bidders: 29
Lot Tracking Activity: N/A
Page Views: 2,225

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20% of the successful bid per lot.

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Sold on Feb 24, 2021 for: $49,200.00
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