1896 Libety Nickel - What red book rating is this?

Discussion in 'US Coins Forum' started by jasontheman07, Mar 28, 2011.

  1. jasontheman07

    jasontheman07 New Member

    1896 Liberty Nickel - What red book rating is this?

    HI all.. finally got the Liberty Nickel in the mail that I won in an ebay auction last week :hail: ... my first liberty nickel! :D

    What would you say the Red Book rating of it is?

    1896 - 3-28-11 -2.jpg 1896 - 3-28-11.jpg

    I am thinking it is at least F-12 - all letters in Liberty legible and possibly a VF-20 - Liberty BOLD including the L... what do you think?
     
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  3. jasontheman07

    jasontheman07 New Member

    also... what is those two copper colored spots above the head? i hope they arent scratches :(
     
  4. Ripley

    Ripley Senior Member

    Hi Jason.. F-15.
     
  5. rzage

    rzage What Goes Around Comes Around .

    Was this a dug coin ? Congrats on your first V nickel .
    rzage
     
  6. jasontheman07

    jasontheman07 New Member

    Hey Ripley! Thanks :D that is cool! SO let me ask ... would a dealer pay the red book price you think? (probably wouldn't sell it anyway since it's my first one :D)
     
  7. Ripley

    Ripley Senior Member

    No Jason, a dealer would tryu to sell it for Redbook price,
     
  8. jasontheman07

    jasontheman07 New Member

    Thanks rzage! Well... im not sure where the ebay sellers got the nickel but it certainly seems as though it was buried for awhile or something right?? Im new to all this so not sure what it means... but the coin looked very dark brown or almost black unless you put it under the light!
     
  9. jallengomez

    jallengomez Cessna 152 Jockey

    No one in their right mind would pay the Red Book price, and certainly not a dealer.(Sorry, but the Red Book drives me crazy :D ) In this condition you can buy and sell all day long for around 5 bucks.
     
  10. jasontheman07

    jasontheman07 New Member

    LOL! OK i was wondering how real these red book prices are.. i mean i guess unless it's a key year or something....
     
  11. KoinJester

    KoinJester Well-Known Member

    vf20 details corroded

    rzage I would agree that it looks like a dug coin
     
  12. KoinJester

    KoinJester Well-Known Member

    Red book prices are published a year in advance. The coin market gets hot and cold during the year whats hot now might not be hot in 3 months. The values in the RB are way over priced and over retail IMO
     
  13. rzage

    rzage What Goes Around Comes Around .

    You can sign up here for free , it's one of the best places to look at all certified coins with good pics . It also tells what each coin sold for in the past . And has a couple price guides .
    It's a must have resource for free and a good place to buy coins at auction .
    http://coins.ha.com/default.php
    rzage
     
  14. iGradeMS70

    iGradeMS70 AKA BustHalfBrian

    The coin looks to possibly have some sort of environmental damage, or a very odd counterfeit-like patina. Very interesting. I wish I could see the coin under a 10x loop and then I would be able determine a somewhat logical opinion on the coin itself. Either way, Nice grab! I'll hit it with a raw F15 grade for the moment, and possibly if certified by ANACS or ICG it may be eligible for a VF20 grade.
     
  15. Treashunt

    Treashunt The Other Frank

  16. GDJMSP

    GDJMSP Numismatist Moderator

    Even ANACS and ICG would not certify that coin. As said already, it is severely corroded.

    Jason - for your knowledge going forward. Any time you see a coin that looks even remotely similar to that one - you do not want to buy it. I'm not trying to knock your coin, I'm trying to help you learn something. The coin was buried in the ground, likely for decades. The naturally forming acids in the soil have eaten away the metal of the coin. That is what causes the surface to look all bumpy and rough. That is what corrosion looks like.

    Now on some coins you may only see small patches of corrosion. On others it may be more extensive. Then on coins like this one it covers the entire coin. Eventually, if that coin had been left in the ground, the corrosion would have continued until the coin disolved completely away.

    To put it into value terms to help give you an idea, that coin is worth about 5 cents.
     
  17. jasontheman07

    jasontheman07 New Member


    LOL! OK, well thanks... so that explains why it looks so bad! LOL
     
  18. jasontheman07

    jasontheman07 New Member

    Should I say "grade"? not sure what to call it etc. :D
     
  19. jasontheman07

    jasontheman07 New Member

    thanks, will add this one to my bookmarks :D
     
  20. Conder101

    Conder101 Numismatist

    I think Doug is a little too extreme on the price. (Doug I'll pay you 15 cents apiece for all the full sharp LIBERTY V nickels that look like this. :) )

    The coin has the sharpness of a F-15, I don't think it could go to VF-20. Coin is dark and has corroded surfaces I would net grade and price it as an AG-3 to Good-4.
     
  21. BUncirculated

    BUncirculated Well-Known Member

    No one pays Redbook price for anything. Redbook is 20% higher than FMV on everything.
     
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