Often Misattributed, This Overdated Nickel Is Known in Five Varieties —And Often Overlooked by Collectors

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Often Misattributed, This Overdated Nickel Is Known in Five Varieties —And Often Overlooked by Collectors TN51_64 8/21/03 4:35 PM Page 56 U.S. COINAGE Often misattributed, this overdated nickel is known in five varieties —and often overlooked by collectors. PHOTOS: ANA MUSEUM/JOHN NEBEL by Howard Spindel ANA207000 ROM ITS VERY BEGINNING in to produce many nickels for circula- 1866, production of Shield tion, dies became a valuable resource. The nickels was problematic for the In 1883 the Mint had several dies U.S. Mint. The composition of leftover from 1882. Rather than dis- F this new coinage was 75-per- card them, Mint employees ground off cent copper/25-percent nickel, a the 1882 date and re-impressed the much harder alloy than had typically dies with 1883. On at least some been struck by the Mint. The only dies, the 1882 was not completely coin of the same composition was the removed. When the dies were re- 1883/2 nickel 3-cent piece, first issued in impressed with the new date, the 1865, but it was much smaller and 1883/2 overdate nickel was created. thinner and did not present as many Today numismatists know of five production challenges. different dies responsible for 1883/2 The Mint rapidly discovered that Shield nickels. They differ radically the thick, hard Shield nickel planchets in the positioning of the 1883 date rel- Shield caused the dies to deteriorate so ative to the underlying remnants of quickly they could not be used to strike the previous numerals. more than 10,000 to 15,000 coins on The 1883/2 nickel is one of the most average. (Contrast this to the hun- frequently misattributed U.S. coins. dreds of thousands of Morgan dollars The confusion surrounding it can struck from a typical die.) With the be likened to that of the 1922 “no D” Nickel Mint under pressure from commerce Lincoln cent or the frequently heard 56 NUMISMATIST • SEPTEMBER 2003 www.money.org TN51_64 8/21/03 4:35 PM Page 57 “I have this really rare silver 1943 merals vary in position, permitting penny.” The majority of Shield nickels the creation of differing 1883/2 Shield offered as 1883/2 overdates that I nickel dies. have encountered are in fact not the true overdate at all. To help you avoid Variety FS5c-013 getting burned by buying one of these This is the most dramatic of the misattributed coins, I offer the fol- five 1883/2 Shield nickel varieties. At- lowing descriptions of the five true tribution, therefore, is easy, and you 1883/2 Shield nickels, as well as the will always know one when you see it. coin most frequently misattributed A nearly complete 2 is visible between as such. the second 8 and the 3 in 1883; the left base of the 2 is approximately 1883/2 Shield Nickel Varieties halfway between the two numerals. The five varieties are known by cat- alog numbers from different standard Variety FS5c-013.1 reference books. The most commonly While not as dramatic as FS5c-013, found attributions for Shield nickels this variety also is usually easy to at- are the “FS” numbers assigned by Bill tribute. Generally, a nearly full under- Fivaz and J.T. Stanton in their book lying 2 is visible, but most of it is over- The Cherrypickers’ Guide to Rare Die lapped by the 3. The left base of the 2 1883/2 FS-013: Underlying 2 clearly Varieties, the “F” numbers given by is slightly to the left of the 3. visible to left of 3. Edward L. Fletcher in his Shield Five The coin illustrated here exhibits a Cent Series and the “B” numbers as- die break, a secondary diagnostic for signed by Walter Breen in his Com- this variety. It extends from the rim plete Encyclopedia of U.S. and Colo- through the top right portion of the 3 nial Coins. Occasionally, you may and up through the ball at the base encounter “PM” numbers taken from of the shield. However, lack of a die Gloria Peters’ and Cynthia Mohon’s break does not mean a coin is not book The Complete Guide to Shield FS5c-013.1, as early die stages without and Liberty Nickels. a break exist. SPINDELPHOTO: HOWARD SPINDEL PHOTO: HOWARD In the cross-reference of catalog numbers (below, right) notice that no Variety FS5c-013.2 single reference lists all five varieties. This is the subtlest of the 1883/2 Suffix letters on the Fletcher numbers Shield nickel varieties and therefore denote different die stages. (By study- easily overlooked. A typical specimen ing markers on dies, a numismatist shows only the base of the underly- 1883/2 FS-013.1: Underlying 2 can arrange coins in the sequence ing 2, neatly centered between the clearly visible slightly to left of 3; die they were struck by a particular die. second 8 and the 3. Additionally, a V break from rim through 3 and ball. An early die-stage coin, for example, might be free of markers, while a late die-stage piece might exhibit evidence of die cracks or breaks.) Attributions of 1883/2 Shield Nickel Varieties In my discussion, I will refer to the first four 1883/2 Shield nickel vari- FIVAZ/STANTON FLETCHER BREEN PETERS/MOHON eties by their Cherrypickers’ Guide FS5c-013 F-08 B2524 PM-18V.4 numbers. I will denote the fifth vari- ety as “F-07,” as the Fletcher book is FS5c-013.1 F-09a, F-09b, F-09c B2525 PM-18V.2 the only reference to include it. FS5c-013.2 F-10a, F-10b, F-10c, F-10d B2526 PM-18V.3 It is important to note that unlike FS5c-013.3 not listed not listed not listed the process used today, dates on not listed F-07 not listed not listed Shield nickels were punched individ- ually into each die. Therefore, the nu- www.money.org SEPTEMBER 2003 • NUMISMATIST 57 TN51_64 8/21/03 4:35 PM Page 58 sliver of the left base of an underlying Misattributed Nickels: 8 can be seen to the left of the second The 1882 “Filled 2” primary 8. More of the underlying 2 All true 1883/2 Shield nickels were will show on very early die stages. struck in 1883, not earlier. The Mint The coin illustrated here is a classic did not strike 1883 coins in advance, example and exhibits a typical re- so differentiating the 1883 nickels tained “cud” below the 18 in the date. from earlier dates is key to determin- This can be a secondary diagnostic of ing whether a coin can be an 1883/2. ➘ the variety. Lack of a die break does The coin most often mistakenly ➘ not preclude a coin from being an offered as an 1883/2 Shield nickel is PHOTO: HOWARD SPINDEL PHOTO: HOWARD FS5c-013.2, as early die stages with- an 1882 with a poorly defined nu- out the cud are known. meral 2, the result of a filled die. ➘ ➘ Looking at the coin, you might think Variety FS5c-013.3 you see the rounded back of a 3 un- The placement of the underlying 2 derneath. In the more extreme case, is quite similar to that of FS5c-013, you can imagine almost any overdate 1883/2 FS-013.2: Remnants of under- but its relief is much lower. Often the you wish. lying 2 between second 8 and 3; sliver underlying 2 is not visible unless the However, it is easy to prove that of underlying 8 between primary 8’s; coin is tilted under a light source. these are not 1883/2 Shield nickels by retained cud below 18. A major difference between FS5c- establishing that they were not struck 013.2 and FS5c-013 is that the ball in 1883. That year, the Mint switched above the date on the former is full to a different logotype for the date and round, while on the latter it is in- punch. The spaces between the nu- complete and the bottom has a scal- merals in the date of an 1883 Shield loped appearance. The 1883 date was nickel are much wider than those of punched in slightly higher on FS5c- nickels struck in 1882 and earlier. 013, forcing some metal moved by the Comparing the “filled 2” specimen PHOTO: HOWARD SPINDEL PHOTO: HOWARD ➘ date punch into the cavity of the die with an 1883 piece, it is evident that that formed the ball. the former exhibits the narrower ➘ ➘ logotype of 1882. Hence the coin Variety F-07 could not possibly have been struck Compared to the other four vari- with 1883 dies, and therefore cannot eties, F-07 is a bit of an oddball. Prior be an 1883/2 overdate. 1883/2 FS-013.3: Faint remnants of to its discovery, one could say that all underlying 2 between second 8 and 3. genuine 1883/2 overdate coins show 1883/2 Shield Nickel Rarities at least some piece of an underlying 2 Are genuine 1883/2 Shield nickels between the second 8 and 3. But with rare? It depends on the variety. All the F-07, the 2 is directly underneath are, at the very least, pretty darn the 3. Points of attribution include the scarce. The true rarity of 1883/2 curve of the 2 within the arms of the Shield nickels is masked by the large ➘ 3, the left foot of the 2 visible below number of coins incorrectly attrib- the left base of the 3, and the right uted as such. ➘ foot of the 2 visible below the right The table at right lists rarity ratings PHOTO: HOWARD SPINDEL PHOTO: HOWARD base of the 3.
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