I found at my local coin dealer today an 1883 "No Cents" V Nickel. The condition I think is surburb (a conservative AU). I fell in love with it and had to buy it! At only $8.00 what could I loose (except $7.95) . My question is...Why does this coin with a circulation of only 5.4 million still have such a low value in all grades? It's sister, the 1883 "With Cents" has a production of over 16 million and commands $100+ in AU and above. Even comparable mintages such as the 1894, 1895, and 1896 command premiums of $100+ in such grades? Also, these were the same V nickles gold plated and passed off as $5 gold coins at the time of prodcution. I would assume that would further deplete the 5.4 million number of untampered coins. What am I missing?
Most of the No Cents variety were immediately hoarded and preserved by earlier collectors resulting in many more of them surviving today in higher grades. The with cents variety was treated like we do most pennies minted today and very few survived in higher grades.
No Cents were the fist type out...people saved them becuase they were "new"....when the next type came out nobody wanted them...besides...they were not the first type...so the first would be worth more...right....wrong! Speedy
Yes and that is the one BIG reason I'm getting out of SQ.... It seems to me that no matter what it is when people start to save them...they go no where....I'd like to start a Barber Half collection...they seem much better than SQ. I know what you will say....World Gold!!!!!! Speedy
A bit, except the SQs are being minted 200-700 million!!!! for each State. I can't wait to see the value of these things years from now. Any takers for $0.24 a piece.? Comparitively, The V nickel is still relatively low at 5 mill
Well also there was a rumor going around in 1883 that the No Cents coins were going to be "re-called"--so people kept them....that is why you can find them in such good grades. Speedy
