Lot 1437
1865 Nickel Three Cents. PCGS graded Proof 65. The first year of issue of this design. Only 500 proofs were struck, few of which remain in gem condition today. This one is graced by frosted devices and is well struck. The planchet was not well prepared, and minor lines are visible with a glass, these planchet lines are common on this date. One tiny lint mark on Liberty's neck. Untoned and pleasing.
With the metallic combination of copper (75 percent) and nickel (25 percent) used to make planchets for these, the mint encountered new problems. The nickel alloy was very hard, which meant more pressure was needed to fully strike these coins. Dies broke quickly, and coins struck for circulation frequently show die cracks or other problems related to the hard nickel planchets used. An opportunity for the investor to put away one of the more expensive and difficult to locate dates.
Estimated Value $4,000 - 5,000.
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| Realized $4,830 |
