Shouldn't the 1913 V Nickel be illegal?

Discussion in 'Coin Chat' started by CoinBlazer, Sep 19, 2018.

  1. JCro57

    JCro57 Making Errors Great Again

    The 1913 Liberty nickel makes for interesting numismatic lore. Should it be illegal? No. Is it counterfeit? No. Should it count as a year of issue? Yes. Was it unauthorized? Yes.

    It was made at the Mint. The planchet it was struck on is legitimate. It doesn't matter who went in and made it. The coin was produced and it cannot be unproduced if they weren't destroyed and got out.
     
    Evan8 likes this.
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  3. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    Clandestine crap, falsely made.........
     
    Pickin and Grinin likes this.
  4. green18

    green18 Unknown member Sweet on Commemorative Coins Supporter

    But that's the booze talkin'.......
     
  5. calcol

    calcol Supporter! Supporter

    The only 1933 double eagles that the government (Treasury Dept.) considered to have left the mint legally were the two given to the Smithsonian. They had to concede the Farouk coin because the State Dept. issued an export permit for it. All others have been and are still considered government property.

    Patterns spanned the spectrum of legality at the time of their production. Some were created without authorization for sale to collectors; others were authorized with distribution in mind. For patterns, government records indicate whether a particular design and denomination, and in some cases, particular alloys were authorized.

    Some errors are known to have been created deliberately. Some errors, especially common, minor ones, were almost certainly accidental. Then there’s a bunch where it could be either way. In the case of many error coins, the Treasury Dept. was indifferent to their fate from the outset.

    Cal
     
  6. Conder101

    Conder101 Numismatist

    They decided to "solve" the problem of the legality of owning pattern coins back in 1896. They passed legislation making patterns issued 1896 and earlier legal to own, and any patterns made after 1896 to be government property and not legal to own. And then promptly selectively ignored the second part and in some cases gave out patterns, or ignored later patterns that came up for sale, but in some cases ordered patterns that got out to be returned or even confiscated. But in general, according to the law, when it comes to patterns, 1896 and earlier legal, after 1896 illegal.
     
  7. medoraman

    medoraman Supporter! Supporter

    I knew it was something like this, but thank you for a very informative post. Best part of CT IMHO are posts like these.
     
  8. EyeAppealingCoins

    EyeAppealingCoins Well-Known Member

    Initially the feds had no interest in the 1933 saints until the 1940s.
     
  9. EyeAppealingCoins

    EyeAppealingCoins Well-Known Member


    I would rather have the cash. There are some interesting posts/analysis on the sale of the 1913 PF66 Liberty Nickel on the CU/PCGS forums. The consignor lost something like $500k nominally, $1.5 million adjusting for inflation, and much more potential money had the funds been placed in index stocks and well diversified (even accounting for losses during the Great Recession :eek:).

    Put another way, the coins (like many U.S. issues) are overpriced and poor investments.
     
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