Question About Shield Nickel

Discussion in 'US Coins Forum' started by kevin McGonigal, Nov 6, 2019.

  1. kevin McGonigal

    kevin McGonigal Well-Known Member

    I usually post on the Ancients threads as that is what I mostly collect. However I discovered a Shield Nickel way back in my older US coins that somehow I had put in a box as I had no idea what to do with it. A you can see it is a Shield Nickel dated 1869 but what makes it a bit unusual is what appears to be the Masonic counterstamp on the obverse. What I want to know is does something like this add to, detract from, or have no effect on its value. I have no use for it but I have no idea how its otherwise VG wear would determine what I would ask for it in cash or trade. Thanks for anything you can tell me about this kind of counterstamp. It seems to have circulated for some time from its wear. IMG_1158[2298]Shield nickel obv..jpg IMG_1159[2302]Shield nickel rev.jpg
     
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  3. PlanoSteve

    PlanoSteve Well-Known Member

    Very cool, & it does look like an old counterstamp.

    So here's the conundrum: While some people actually do actively collect counterstamps, & some merely have some in their collection (me & you, for example), it actually reduces the value of an otherwise collectable specimen.

    So while it may have some value to someone, most serious collectors try to avoid "problem" coins. Mason marks seem to be fairly common as far as counterstamps go...it's a unique society.

    I find them interesting & it starts me wondering about the "worldly experiences" the coin has had.

    Hope this helps...I'm sure others will add comments soon, as this is an interesting topic. :happy:;)
     
  4. kevin McGonigal

    kevin McGonigal Well-Known Member

    Thanks. That was a nice reply. I had no idea that Masonic counterstamps were that common. In ancient coins there is considerable interest in the counterstamps as they are almost always from some government entity revaluing coins according to circumstances, like what to do with the coinage of hated and dethroned rulers or changing the worth of a coin in the marketplace because of constant, steady inflation and debasement of the coinage. I do wonder, however, what the reason would be for Masonic counterstamps. Souvenirs from a convention? Gifts to orphaned kids to spend at Christmas?
     
    PlanoSteve likes this.
  5. spirityoda

    spirityoda Coin Junky

    Some people collect counterstamped coin. Has value to someone that does. I do not.
     
  6. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Reasons may vary from someone involved in the organization to someone having found a counterstamp as a curiosity piece in a thrift or antique shop and using a coin to see what it looked like.

    The dies for the example posted below were made by a retired employee of the Philadelphia Mint, but I have no idea if he was a Mason. He gave me numerous specimens as gifts because he knew I collected coins.
    1968 Shriners Lincoln Cent.jpg
    _MG_2355.JPG

    Chris
     
  7. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC

    I have a couple of those. If you're interested maybe I can find them for you.
     
  8. Paddy54

    Paddy54 Well-Known Member

    Can you post a better image of the date?
    I have to laugh at the attemp to re engrave the leaf on RL 2 there were a lot of missing leaf 1869 's . If you look at RL 2 notice the outer leaf...compare it to the other outer leaves. So many 1868 and 69 shields were engraved missing the outer leaf RL 2 so what do you do re engrave each die by hand.
     
  9. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I'd be interested in the photos, but that's it.

    Chris
     
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  10. Evan Saltis

    Evan Saltis OWNER - EBS Numis LLC

    Ill take a look today. I am not sure if I gave them away already or not.
     
  11. tommyc03

    tommyc03 Senior Member

    These tend to have additional value if the lodge number were stamped on it also. That would give it provenance and possibly determine it's age other than the date. Older lodges sometimes have historical displays and therin would lie the possible value.
     
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    So true and there are collectors of such as in this item.
     
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  13. kevin McGonigal

    kevin McGonigal Well-Known Member

    There is a coin show for my county every second Sunday of the month that takes place in the local Masonic Lodge. Maybe I should just show it to them?
     
  14. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I would think that would be a spectacular plan. While most folks would regard that stamp as damage, a Mason would likely appreciate the history associated with the piece.
     
    tommyc03 likes this.
  15. Conder101

    Conder101 Numismatist

    The leaf was missing on the master hub, so it had to be hand engraved into EVERY 1866, 67, 68, and some of the 69's. Then a new master hub was mad that had the leaf. What you want to look for on those years are coins from dies where they forgot to engrave the leaf. The missing leaf varieties do have a following.
     
  16. PlanoSteve

    PlanoSteve Well-Known Member

    Well, Masons are a proud group (as I understand - I am not one) & they have a unique & readily identifiable logo/symbol. As @tommyc03 already mentioned, sometimes you'll find the Lodge # on it as well.

    As for why people do these things, it just seems to be how we're "wired". I have some notes in my collection which have stamps on them (an Irish bar, for example) which I like. Then there are the "short snorters", full of autographs. Not to mention "Lucky Penny" advertising, of which I have a few special ones. And "love" tokens. There is really no end to what we will do to a coin (or note), & that doesn't mean it becomes non-collectable. And you brought up a good point regarding ancients.

    And that's kind of the greatness of what we do - there really is no right & wrong for collecting - it's what we (individually) like. If there are 1 million of us with collections, there are 1 million different collections!
     
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  17. Paddy54

    Paddy54 Well-Known Member

    Better date image?
     
  18. Collecting Nut

    Collecting Nut Borderline Hoarder

    Sounds like a good idea to me.
     
  19. kevin McGonigal

    kevin McGonigal Well-Known Member

    Try this one. IMG_1158[2298]Shield nickel date.jpg By the way, do I detect some small print within V of the countermark? With daylight tomorrow I'll try for a better picture.
     
  20. Conder101

    Conder101 Numismatist

    There shouldn't be any lettering there. The "V" is a masons square and should have measurement hashmarks.
    upload_2019-11-7_11-24-42.png
     
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