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    Description

    1926-S Nickel, Lightly Toned MS65
    Series Key in This Grade

    1926-S 5C MS65 NGC. Apart from the various varieties such as the 1916 Doubled Die, the 1918/7-D, et cetera, the greatest condition rarity among regular issues in the Buffalo nickel series is the 1926-S. This date is famous for its low (for the series) mintage of 970,000 pieces, the only production total that does not breach the seven-figure barrier. Survivors bring a premium even in low circulated grades. Mint State examples are actively traded due to the "conditional key" status of the issue, although these are primarily in the MS63 to MS64 range. At the Gem grade level, the availability of this issue plummets, and finer pieces are prohibitively rare.

    Previously, we have handled a Gem example on only 14 occasions, including multiple reappearances of some pieces. The most recent offering was a PCGS CAC coin in our ANA Signature sale (Heritage, 8/2014), lot 5543, which garnered $84,500. The present example is equally well-preserved and possesses comparable visual appeal. Although many examples of the 1926-S are poorly struck from eroded dies, this Gem displays mostly sharp detail with only trivial weakness on the bison's shoulder and the hair immediately above the Indian's braid. The fields are satiny, not flowlined, and each side displays delicate pastel shades of sky-blue, champagne, peach-gold, and rose. A loupe reveals only a few tiny ticks that are not out of line for the grade.

    NGC and PCGS combined report only two dozen other Gem-level examples of this issue, and a trio of Premium Gem submissions at NGC are the only finer pieces documented. In a series as heavily collected as the Buffalo nickels, this paltry survival rate in high grade makes for a headlining event whenever such a piece is offered. Census: 11 in 65 (2 in 65+, 1 in 65 ), 3 finer (9/16).(Registry values: N7079) (NGC ID# 22S7, PCGS# 3959)

    Weight: 5.00 grams

    Metal: 75% Copper, 25% Nickel


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

    Auction Info

    Auction Dates
    Oct-Nov, 2016
    31st-2nd Monday-Wednesday
    Bids + Registered Phone Bidders: 13
    Lot Tracking Activity: N/A
    Page Views: 1,558

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