There are two types of the 1883 nickel . One with "cents" and one without . Why is the one with cents that has the higher mintage worth more than twice as much? If there is a bigger demand for them then what is the reason for it. I know alot of the no cents nickels were used to pass for 5 dollar gold coins but I don't know if it effects anything. :headbang: I must be missing something here.
With cents nickels were saved in great quantities - people thought that they would be worth something.
it is all about supply and demand. regardless of mintage numbers, if alot of one coin with low minage was saved, and few of another coin with high mintage was saved - you will have more suply of the low mintage coins, and price 'could' be lower. mintage numbers alone do not speak the story behind a coins value. one must look to the history of that coin as well! Have fun
thats right Daggarjon - the "no cents" where saved and thought to be worth alot someday - and the "cents" nickels were not readily saved - everybody should of saved the 1885 nickels a couple years later ....wow !!!!
Howdy, You're probably aware that the NoCents variety were the ones that were gold plated and passed off as $5 gold coins. They are available to buy and are referred to as racketerring nickels. This may have increased the normal extraordinary savings rate that goes with a first year type. Some folks may have wanted to save them just because others were plating them and the gov't was forced to change the design. It'd make for a curiosity. just my thoughts, rono
Typical 'They're going to be recalled!" phenomenon. The new with cents coin came out and the rumor starts that the early no cents coin was a "mistake" and they're going to call them all in, so hang on to them because they will be valuable someday. So everyone hoarded the lower mintage NC coin and continued spending the higher mintage new WC coin. So years later the NC nickel is readily available and in high grade. Most of the WC coins were used, worn out, discarded, recycled etc and even though it had the higher mintage today they are encountered much less often and typically in much lower grade. If they had the 1885 would be a LOT cheaper today than it is now.
