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<p>[QUOTE="Detecto92, post: 1452504, member: 75105"]I know the RB is not great for prices. But I was using it as an example to show the price difference in the 1883 NC nickel and other liberty nickel. While the RB may not have the right price, it surely notes that there is a difference. It's a known fact the 1883 NC nickel was hoarded due to people thinking the missing denomination was an error. Since many of them were saved vs. others being spent, more of them are surviving in higher grades.</p><p><br /></p><p>There are over 6,000 surviving 1883 NC Liberty nickels in the NGC census alone.</p><p><br /></p><p>5,976 of them, are Mint State.</p><p><br /></p><p>Now lets take the 1911 Nickel, which had a mintage close to 40 million, while the 1883 NC had only 5 million plus.</p><p><br /></p><p>How many are surviving in NGC slabs in MS? 1,072.</p><p><br /></p><p>Now...why would so many 1883 NC nickels be surviving in Mint State, which a mintage of around 5 million? </p><p><br /></p><p>The 1911 Nickel had a mintage of close to 40 million, almost 8 times as many.</p><p><br /></p><p>The answer? Because they were <b>hoarded. </b>[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1452504, member: 75105"]I know the RB is not great for prices. But I was using it as an example to show the price difference in the 1883 NC nickel and other liberty nickel. While the RB may not have the right price, it surely notes that there is a difference. It's a known fact the 1883 NC nickel was hoarded due to people thinking the missing denomination was an error. Since many of them were saved vs. others being spent, more of them are surviving in higher grades. There are over 6,000 surviving 1883 NC Liberty nickels in the NGC census alone. 5,976 of them, are Mint State. Now lets take the 1911 Nickel, which had a mintage close to 40 million, while the 1883 NC had only 5 million plus. How many are surviving in NGC slabs in MS? 1,072. Now...why would so many 1883 NC nickels be surviving in Mint State, which a mintage of around 5 million? The 1911 Nickel had a mintage of close to 40 million, almost 8 times as many. The answer? Because they were [B]hoarded. [/B][/QUOTE]
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