Lot 261
1937-D. 3 Legs. PCGS graded MS-64 PQ. CAC Approved. A hint of light gold tone on both sides. Very close to MS-65. A die-polishing error, this was the first of its kind to catch the attention of collectors. Discovered soon after its release into circulation, 1937-D 3-leg nickels were advertised for sale in an advertisement in "The Numismatic Scrapbook Magazine" as early as 1937-38. The variety was caused by undue polishing of the dies to eliminate clash marks. Die clash arises when the feeder fingers of a coin press fail to deliver a planchet, the dies strike one another, and each die picks up an imprint of the other die. This mark, when discovered, usually results in the substitution of both dies with new ones. In the case of the 1937-D 3-leg nickel, however, the pressure to complete a coinage run must have detoured this customary practice. The swifter solution was sought. Very few Choice Uncirculated MS64 examples are known, coin collectors being equally scarce in that part of the country, it seems, when they first got paid out by bank tellers. (For a more detailed account of this popular variety, see David W. Lange's The Complete Guide to Buffalo Nickels.) Pop 169; 64 finer, 3 in 64+, 52 in 65, 3 in 65+, 6 in 66 (PCGS # 3982) .
Estimated Value $7,000 - 7,500.
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| Realized $8,225 |
