Goldstone

Why is the 1883 Cents V nickel worth more than the No Cents

• 1883 Without Cents 5,474,300 Mintage
• 1883 With Cents 16,026,200

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Goldstone

bobbeth87

I've wondered that same thing.

I don't get it.

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Bob

cncman

Because of how many were saved vs spent. Find a good unc 1883 for a type set and guess which one it will be. While the mintages may be higher the surviving numbers, especially in higher grade are smaller.

Hobo

Exactly! Mintage and surviving examples are two entirely different animals.

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No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10

ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box.

tmoneyeagles

Well, I assume that the 1883 NO CENTS V nickel, were melted, due to many of them being plated in gold, trying to fool people into thinking that they were $5 gold pieces, rather than 5 cent, pieces
So survival rate of the coin, is a major factor
The 1933 Gaudens is rarer than the other gaudens minted, even though some have lower mintage numbers...
The reason why...THERE IS ONLY ONE KNOWN TO EXIST!
So, it all has to do with the survival of a certain coin... Or what everybody else said before me!

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From The Desk Of, -T$ (Kokapowan Tribe Leader)

http://www.tmoneyeagles.webs.com/

Dima

It has to do with hoarding. Everybody hoarded unc 1883 no cents nickels while the later minted version - with cents - was over looked. I have a 1883 no cents in EF/AU; however, an 1883 w/ cents EF/AU costs ~4 times as much.

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When I was a little boy my mother always told me that I was her million bucks; I always told her I'd rather be her 1913 V nickel. Some day I'll marry a girl who I'll certify as PR70DCAM. Maybe she'll be toned nicely...?

raider34

Yep, once people heard the No cent nickels would be changed, they were hoarded, so much more survived in high grades, then the Cents ones.

Hobo

The introduced the new 'With Cents' variety later in the year but to my knowledge the Mint did not melt the 1883 No Cents Liberty Nickels.

There are at least 11 known examples of the '33 Double Eagle. 10 are tied up in litigation at the moment and one is legal to own. The reason the '33 Double Eagle has so few surviving examples is FDR took the US off the gold standard and discontinued the minting of gold coins and recalled all gold coins (with a few exceptions) in 1933. When FDR's order was made a good number of 1933 Double Eagles and Eagles had already been minted. A few Eagles had been released but no '33 Double Eagles had been legally released. All remaining 1933 gold coins were melted. But obviously a few '33 Double Eagles found their way out of the Mint - illicitly. That is where the 11 known examples came from. I would be willing to bet there are more out there. The owners do not want their '33 Double Eagles to be known for fear of confiscation (as happened to the 10 examples in litigation now).

__________________
No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10

ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box.

tmoneyeagles

I Never said the mint melted them...
People could have melted these coins...
Seeing the gold plating, could have fooled them...
Once they were gold plated, they could be passed as $5 Gold Pieces, wasn't this the whole reason that they added CENTS in the first place???
So people, who were not as bright, could have melted, hoping for gold, only to be fooled...
This is just one theory, although not a whole lot to prove it, other than a low survival rate.

__________________
From The Desk Of, -T$ (Kokapowan Tribe Leader)

http://www.tmoneyeagles.webs.com/

raider34

Yes but that would make a stronger argument why they should be more expensive, when they actually aren't.

I thought I remember reading somewhere there was thought to be around 30 33' Gaudens. I know right now 10 are in litigation, it was just in the last edition of NN.

Hobo

I have never heard that one before. But I guess anything is possible. Good luck on proving that theory.

__________________
No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money . . . - US Constitution, Article 1, Section 10

ANA LM-3799; OHNS LM-59; SUSCC R-4005. All coins stored in bank safe deposit box.

tmoneyeagles

Well, it is bound to have happened, maybe it could have been just one coin, but you never know what happened, if you were not there yourself

__________________
From The Desk Of, -T$ (Kokapowan Tribe Leader)

http://www.tmoneyeagles.webs.com/

Lehigh96

Travis,

The NO CENTS nickel is the one that has a lower mintage and lower price. The racketeer nickels really have no bearing on the OP's question. Melting of the NO CENTS nickels would only exacerbate the problem.

You and everyone else is right that the survival rate is the determining factor. When the Liberty Nickel was first introduced, many Americans saved an uncirculated example. Of course these are of the NO CENTS variety which was minted and distributed into circulation first. By the time the CENTS variety hit circulation, everyone who had saved an 1883 Liberty nickel already had one and not much attention was paid to the CENTS vs NO CENTS which explains why such a higher mintage ended up with a much lower survival rate.

BTW, there is more than one 1933 St Gaudens $20 in existence. The one you are thinking of is the only one legal to own. To my recollection, there are between 20-30 known 1933 St Gaudens Double Eagles in existence. I am sure someone will come along with the exact number.

tmoneyeagles

Only V Nickel I care about is a 1913!
I will pay $50 for one... LOL!!!!!
Nah, I love the V Nickels, and some day I want a complete set, in proof

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From The Desk Of, -T$ (Kokapowan Tribe Leader)

http://www.tmoneyeagles.webs.com/

tmoneyeagles

Well Gaudens aren't my thing, so anybody who can clarify is a life saver
The thing is with the gaudens, or at least what I don't understand is why there are illegal to own. I mean, a law that was made more than 70 years ago, which I'm guessing would have little affect now, still comes into play? So if I found a 33' Gaudens, what could I do, can't sell it, and can't let others know about it, so I just keep quiet about it? All very confusing.

__________________
From The Desk Of, -T$ (Kokapowan Tribe Leader)

http://www.tmoneyeagles.webs.com/