question about 1883 shield Nickel

PUZZLED

The 1883 Shield Nickel (NO CENTS) has a productiuon of 5M+ and is priced
at $14.00 in AU...the 1883 Shield Nickel (WITH CENTS) in AU with a
production of 16M+ is priced at $69.00..can anyone explain the logic...the
1894 Shield with the same production of 5M+ is at $200.00 In AU.. thats the
closest I could find in production numbers that equal the 1883 Shield (NO
CENTS). Don't production numbers have any effect on that year of a coin ? 5M
is a rather low number and being that 16M of the other type were made you
would think that the lesser made be worth a few dollars more....

M=Million

Thanks

In article , Mike Sr. spoke
thusly...
PUZZLED

The 1883 Shield Nickel (NO CENTS) has a productiuon of 5M+ and is priced
at $14.00 in AU...the 1883 Shield Nickel (WITH CENTS) in AU with a
production of 16M+ is priced at $69.00..can anyone explain the logic...the
1894 Shield with the same production of 5M+ is at $200.00 In AU.. thats the
closest I could find in production numbers that equal the 1883 Shield (NO
CENTS). Don't production numbers have any effect on that year of a coin ? 5M
is a rather low number and being that 16M of the other type were made you
would think that the lesser made be worth a few dollars more....

It is all about survivability. The No Cents was apparently
saved/hoarded in greater quantities than the With Cents so even
though it has a lower mintage, more have survived.

My guess is that it was saved because it was replaced early on and
people would have figured it would be 'rare' because it was replaced.
When enough people do that, it ain't gonna be rare. :-) The With
Cents was probably ignored (after all, it was the replacement not the
replacee) and therefor is the one that ended up rare.

Prices are based upon supply and demand not original mintage. Demand
is probably similar for both coins as each is needed for both a type
set and a date set. So, the supply of each one is apparently
different.

Similar things are at work when there is a big difference in price
between small jumps in grade. A coin in VG or F might be common and
worth next to nothing but in the VF and EF range it skyrockets (I
think some Barber coins do this) because very few examples were saved
early on until they were well worn down.

(Oh and they are Liberty Nickels, not Shields)

--
Stu Miller
Coins in the News - Coin Newspaper (Updated Daily):
http://www.TheStujoeCollection.com/news.htm

"Mike Sr." wrote in message
...
PUZZLED

The 1883 Shield Nickel (NO CENTS) has a productiuon of 5M+ and is
priced
at $14.00 in AU...the 1883 Shield Nickel (WITH CENTS) in AU with a
production of 16M+ is priced at $69.00..can anyone explain the logic...the
1894 Shield with the same production of 5M+ is at $200.00 In AU.. thats
the
closest I could find in production numbers that equal the 1883 Shield (NO
CENTS). Don't production numbers have any effect on that year of a coin ?
5M
is a rather low number and being that 16M of the other type were made you
would think that the lesser made be worth a few dollars more....

M=Million

Thanks


I think you mean Liberty Nickel, it was the one released in 1883, and
replaced the Shield nickel. The first variety as you note did not have the
Cents on the reverse, when it was released it was often gold plated by
nefarious individuals and passed off as a $5 gold piece. For this reason
the US Mint added Cents to the reverse. As a result the public hoarded the
earlier version of the coin as a curiousity and that is why to this day it
is much more common in better grades than the higher mintage figure with
cents variety.

Dave

In article , Stujoe
spoke thusly...

Prices are based upon supply and demand not original mintage. Demand
is probably similar for both coins as each is needed for both a type
set and a date set.

Scratch the 'Date Set' part and replace with 'Complete Set'. :-)

--
Stu Miller
Coins in the News - Coin Newspaper (Updated Daily):
http://www.TheStujoeCollection.com/news.htm

"Mike Sr." wrote:

PUZZLED

The 1883 Shield Nickel (NO CENTS) has a productiuon of 5M+ and is priced
at $14.00 in AU...the 1883 Shield Nickel (WITH CENTS) in AU with a
production of 16M+ is priced at $69.00..can anyone explain the logic...the
1894 Shield with the same production of 5M+ is at $200.00 In AU.. thats the
closest I could find in production numbers that equal the 1883 Shield (NO
CENTS). Don't production numbers have any effect on that year of a coin ? 5M
is a rather low number and being that 16M of the other type were made you
would think that the lesser made be worth a few dollars more....

Because it's more about the *survivors* than the size of the spawning
pool. ;-)

First year of issue, and with a design change that made it collectible?
High rates of hoarding create more near-mint state survivors. The 'With
Cents' variety went to work and was not hoarded, leaving fewer near-mint
state survivors.

Alan
'it's how many survive'