LOT Old Heritage Auctions  /  2007 NOV Dallas, TX US Coin Signature #452  / 

283

1918 5C MS67 NGC

Currency:USD Category:Coins & Paper Money Start Price:1,100.00 USD Estimated At:1.00 - 100,000.00 USD
1918 5C MS67 NGC
<B>1918 5C MS67 NGC.</B></I> The 1918 Buffalo nickel, with its mintage of more than 32 million pieces, elicits different points of view among numismatists as to its availability. For example, David Bowers, in his Buffalo and Jefferson nickel Guidebook, states that the issue: "... is plentiful in all grades, providing the opportunity to cherrypick for quality." In his <I>The Complete Guide to Buffalo Nickels</B></I>, on the other hand, David Lange says: "This high-mintage issue is inexplicably difficult to locate across all grades, the number of coins reportedly struck being at odds with this date's survival rate. Where did they all go?" Lange addresses his own question with another: "Is it possible that technical problems (associated with inexperienced mint personnel hired during the war years) plagued the 1918(P) nickels and that the published mintage figures may include many coins which ultimately had to be with held from release? Although undocumented and inconsistent with Mint practice, this theory remains interesting food for thought."<BR> The Superb Gem that we present in this lot certainly did not encounter production or quality-control problems. Its radiantly lustrous surfaces are completely devoid of toning streaks, laminations, stains, or other planchet defects that often affect coinage during war years. The strike is impressive, with sharpness seen on the horn, the date, and the tail. Only a small portion of the hair directly above the bison's forehead shows a hint of softness. Whispers of pastel rose, powder-blue, and gold patina rest over each side. Census: 1 in 67, 0 finer (8/07).<BR><BR><B>Coin Engraver:</B> James E. Fraser<BR><BR><b>Shipping:</b> Coins & Currency (<a target="_blank" href="http://www.heritageauctions.com/common/shipping.php">view shipping information</a>)
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