Lot 264
1937-D. 3 legs. PCGS graded AU-55. PQ. Lovely toning on both sides. Housed in an Old Green Holder. This die-polishing variety was the first of its kind to capture the imagination of collectors. Discovered soon after its issue, 1937-D 3-leg nickels were advertised for sale in an ad in The Numismatic Scrapbook Magazine as early as 1937-38. The variety was caused by excessive polishing of the dies to remove clash marks. Die clash occurs when the feeder mechanism of a coin press fails to deliver a planchet, the dies strike one another, and each receives an impression of the opposing die. This disfigurement, when discovered, usually results in the replacement of both dies. In the case of the 1937-D 3-leg nickel, however, the urgency of completing a coinage run precluded this customary practice, and a swifter solution was sought. Very few Choice AU examples and higher are known, coin collectors being equally scarce in that part of the country, it seems, the error wasn't immediately recognized. (For a more detailed account of this popular variety, see David W. Lange’s The Complete Guide to Buffalo Nickels.) (PCGS # 3982) .
Estimated Value $900 - 1,000.
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| Realized $1,586 |
