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1854-S $5 "Discovery of a Lifetime"
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<p>[QUOTE="Omegaraptor, post: 3059420, member: 76105"]Another note: Even four surviving examples of the 1854-S $5 is a stroke of luck. Unlike the 1913 Liberty Head Nickels, the 1854-S $5 was just dumped into local circulation with no thought. These coins were the workhorses of California commerce, and all early dates are far scarcer than generally percieved. It’s estimated that about 100 examples of the 1858-S $5 survive out of an original mintage of 18600. Applying this ratio to a mintage of 268 tells us that about 1.44 examples should survive. But there are four.[/QUOTE]</p><p><br /></p>
[QUOTE="Omegaraptor, post: 3059420, member: 76105"]Another note: Even four surviving examples of the 1854-S $5 is a stroke of luck. Unlike the 1913 Liberty Head Nickels, the 1854-S $5 was just dumped into local circulation with no thought. These coins were the workhorses of California commerce, and all early dates are far scarcer than generally percieved. It’s estimated that about 100 examples of the 1858-S $5 survive out of an original mintage of 18600. Applying this ratio to a mintage of 268 tells us that about 1.44 examples should survive. But there are four.[/QUOTE]
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