I was looking up the varietys for the 1868 5 cent coin

Discussion in 'Coin Chat' started by Shrews1994, Jan 5, 2019.

  1. Shrews1994

    Shrews1994 Collecting is my passion.

    About the broken letters. The c in cents is the only one I see that is broken. The variety L2: 1868 S2-0001 FS-901 (FS-002.94) these varieties are good? Or the one with no broken letters
    1620.jpeg 1618.jpeg 1622.jpeg 1614.jpeg 1616.jpeg CM190105-110040011.jpg CM190105-110023010.jpg
     

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  3. Paddy54

    Paddy54 Well-Known Member

    That is a nice find....the broken letters depending which ones match up die marriages. Plus the fact that the star* under of upper left pint isn't broken.
    The broken star tip is a dead give away for the reverse, as well if it isn't broken.
    It's a nice variety to have in your collection.1868 obv. A and rev. ll b.
    You will find more 1868 shield nickels with the broken star with the rev. lla.
    Without rays reverses 1867 68 and 69 are mostly reverse ll a.
    Only a small percentage of 1868 shield are found with the 'll b reverse.
    Great find!
     
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  4. Shrews1994

    Shrews1994 Collecting is my passion.

    Yeah just the c. It matches up to the on that says the c is the start of the broken letters. Wich star are you talking about? What is it by? This variety is Wich one exactly?
     
  5. Paddy54

    Paddy54 Well-Known Member

    Go on e bay and look at an 1868 shield nickel reverse.
    Notice the stars on the reverse...and the US of A
    Look at the star under the word [of ]......notice the upper left point of the star is broken over 90 % of 1868 shield nickels are the reverse with the broken star.
    The broken star can be found on 1867 68 and 69 reverses.
    It is an easy pick up.... only 10 % or less 1868 minted shield nickels were the reverse llb

    1866 and 1867 with rays were reverse hub l
    Hub ll A 1867 no rays on reverse,and 1868 and 1869 coins
    Hub ll B is your 1868 reverse
    Reverse Hub ll c some 1869 all 1870- 1883 coins.
    This makes your coin rare!
     
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  6. Shrews1994

    Shrews1994 Collecting is my passion.

    That's great! I was just reading only 10% has this reverse Thats all i found on this doesnt show much about the hub ll B variety. Does the value of it increase because of it?
     
    Last edited: Jan 5, 2019
  7. Paddy54

    Paddy54 Well-Known Member

    So coins values are based on what? Condition and mintages correct?
    If you have a coin that has a low mintage, and the condition is rather good or better then yes correct the value increases due to how rare,and condition.
    Again a great addition to your collection from a variety stand point.
    1868 mintage was 28,817,000.
    So take 10 % of that is 2,881,600 coins minted as your coin posted.
    Then think about survival rate of the coins in general.... so for giggles lets say 50 %
    Of all 1868 reverse hub 'll b still exist = 1,440,800 coins.
    Which is only a guess ,but as a guide look at other mintages and see for an US coin most mintages are in the millions.... so 1.5 million is not a huge number.
    Plus again the numbers I used are not the correct just a guide to better understand how rare your coin is...as if you take the total mintage of 28,817,000 and said 50 % still survived that's still 14 ,485,000 coins . Compare to the 1,440,800 reverse ll b .
    Make sense?
     
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  8. Paddy54

    Paddy54 Well-Known Member

    s-l400-11.jpg Here's one 1868 in Au. Value $150,yours isn't AU. But still a very nice example of a rare shield nickel variety.
     
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  9. Shrews1994

    Shrews1994 Collecting is my passion.

    My coin can go for a vf grade? The details if the stars fade out the going towards the star above the five. I think that's what lowered the grade
     
  10. Paddy54

    Paddy54 Well-Known Member

    Your specimen is a high F low to mid vf grade imho.
    The coins surface shows signs of maybe a dug coin of has some corrosion.
    Would it grade no...but I have many shields that wouldn't grade ,however their variety sort of cancels the factor that it has issues.
    You have a coin that is a cool variety that has a lot of meat on the bone.... nice details... and no the wear on those upper stars isn't the down fall on its grade yes part but...as a whole a specimen that I personally would love to have as part of my collection.
     
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