1883 Shield nickel w/ cents scratched off.

Discussion in 'US Coins Forum' started by LuxUnit, Jan 5, 2018.

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  1. LuxUnit

    LuxUnit Well-Known Member

    LuxUnit, Jan 5, 2018
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  3. statequarterguy

    statequarterguy Love Pucks

    I wouldn't buy it, problem/damaged coins are tough to sell.
     
    statequarterguy, Jan 6, 2018
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  4. TheFinn

    TheFinn Well-Known Member

    What denomination is it?
     
    TheFinn, Jan 6, 2018
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  5. Santinidollar

    Santinidollar Supporter! Supporter

    Why would anyone do that to a coin? Oh, well. I’d let them keep it.
     
    Santinidollar, Jan 6, 2018
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  6. spirityoda

    spirityoda Coin Junky

    to many scratches on the reverse. skip it and buy a better coin. you will be happier in the end with a better grade.
     
    spirityoda, Jan 6, 2018
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  7. spirityoda

    spirityoda Coin Junky

    5 cents duh lol jk
     
    spirityoda, Jan 6, 2018
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  8. lordmarcovan

    lordmarcovan 48-year collector Moderator

    If you are actually collecting damaged coins in a 7070 on purpose (and if that floats your boat, why not? I had a long flirtation with holed coins myself), and you don't intend to resell it, and don't mind the price, then there's no reason not to go for it.

    Obviously you're unlikely to ever get that much money back out of it if you decided to sell it later, but if you think it's a worthwhile addition, have fun with it.

    Other than the obvious damage and the fact that it looks to have been cleaned (aside from everything else, Mrs. Lincoln, how did you enjoy the play?), it doesn't look totally awful.

    And the damage is mildly interesting. You want my plausible but unprovable pet theory? I think somebody long ago needed a "No Cents" 1883 nickel for a type set, could not find a No Cents Liberty nickel, and made their own "No Cents" variety out of a Shield nickel. Why? We will never know.

    Is it worth $22.76 after shipping? No, not to most of us.

    Worth that to you and you alone? Only you can answer that. :)
     
    Last edited: Jan 6, 2018
    lordmarcovan, Jan 6, 2018
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  9. lordmarcovan

    lordmarcovan 48-year collector Moderator

    PS-

    Numismedia lists an undamaged 1883 Shield nickel for $61 in XF40 and $91 in AU50.

    I'd say the details grade on this piece falls somewhere in that ballpark.

    So is this damaged example worth about 1/3 of the undamaged XF price? Maybe, to some folks. Not to most, however.

    But in light of the retail priceguide values, I don't think $22.76 as-is for this one is completely insane. Just a little bit much.
     
    Last edited: Jan 6, 2018
    lordmarcovan, Jan 6, 2018
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  10. LuxUnit

    LuxUnit Well-Known Member

    I know back in the day people used to try to remove the word cents from coins to try to pass them as dollar coins but this scratch looks fairly new
     
    LuxUnit, Jan 6, 2018
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  11. LuxUnit

    LuxUnit Well-Known Member


    I was thinking id like it around 12.50 but I haven't received a response yet.
     
    LuxUnit, Jan 6, 2018
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  12. lordmarcovan

    lordmarcovan 48-year collector Moderator

    It's not necessarily new. I do not get that impression. Such abrasions on a copper-nickel coin like this could appear somewhat brighter than the surrounding metal for decades, if not a century. Of course the whole coin has a somewhat scrubbed appearance.

    The removal of CENTS to try and pass coins as as "dollar coins" is not something I've ever heard of. Perhaps you're thinking of the "Racketeer Nickel" folklore about Josh Tatum trying to pass an 1883 "No Cents" Liberty nickel as a five-dollar gold piece after plating it with gold.
     
    lordmarcovan, Jan 6, 2018
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  13. lordmarcovan

    lordmarcovan 48-year collector Moderator

    Yes, this sounds more realistic to me.
     
    lordmarcovan, Jan 6, 2018
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  14. LuxUnit

    LuxUnit Well-Known Member

    I think that's what I was thinking of
     
    LuxUnit, Jan 6, 2018
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  15. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Bill Fivaz had an 1886 nickel that had CENTS removed and replaced with FIVE. Then the edge was "reeded" and the whole thing gold plated. It did happen, but rarely.
     
    TypeCoin971793, Jan 6, 2018
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  16. Neal

    Neal Well-Known Member

    Unless you just have to have it, have patience. Nobody else will want it (unless they only look at the obverse), and eventually it will probably be re-listed at a lower price. Of course. there is no guarantee of this, and it might not.
     
    Neal, Jan 6, 2018
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  17. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    The piece has VF details, but some really serious damage. No, it is not worth $20.

    That being said, its your money and if it makes you happy, have at it. I wouldn't buy it.
     
    physics-fan3.14, Jan 6, 2018
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  18. David Setree Rare Coins

    David Setree Rare Coins Well-Known Member

    It's a cull.


    $2-$3.
     
    David Setree Rare Coins, Jan 6, 2018
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  19. kountryken

    kountryken Well-Known Member

    My "uneducated" guess would be that someone heard about the 1883 nickel, without cents ("V", of course) being gold plated and passed as a $5 gold coin. And they saw an 1883 nickel and thought they would scratch the "cents" off, gold plate it and have a $5 gold coin. But, they got mixed up between the "V" and "shield" Nickels. Probably learned their mistake and didn't finish removing the date. Only reason I can think of? I know, weak minded, but, like you said, 'why' else'?
     
    kountryken, Jan 6, 2018
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  20. Dynoking

    Dynoking Well-Known Member

    Agreed. Its a junk coin. If it was merely cleaned it maybe worth $20, with the damage on the reverse its worth $2-$3, period. Have patience. A nicer cleaned coin will come around for the same or similar money.
     
    Dynoking, Jan 6, 2018
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  21. Cheech9712

    Cheech9712 Every thing is a guess

    Which one is better. With the cent or without the cent
     
    Cheech9712, Jan 6, 2018
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