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首席收藏网 > 数据中心 > Stack's Bowers and Ponterio > SBP2019年8月ANA#7-白金之夜

Lot:5168 1937-D Buffalo Nickel. FS-901. 3-Legged. MS-65 (PCGS).

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世界钱币

USD 17000

SBP2019年8月ANA#7-白金之夜

2019-08-16 07:30:00

2019-08-16 11:00:00

USD 19800

SBP

成交

1937-D Buffalo Nickel. FS-901. 3-Legged. MS-65 (PCGS).This 3-Legged Buffalo is exceptionally lustrous and well struck for the variety, both sides exhibit a vibrant satin texture. Lightly toned, with pale gold, rose and lilac iridescence highlights framing brilliance in the centers. This remarkable, nearly pristine Gem would serve as a centerpiece in the finest Buffalo nickel or numismatic variety collection.This bold naked-eye variety was created by excessive die polishing on the part of Mint employees in an effort to remove clash marks from one of the working reverse dies. Clash marks occur when dies come together in the coinage press without an intervening planchet, causing them to impart elements of their respective designs onto one another. Under normal circumstances, dies that become too heavily clashed are simply removed from production, However in this case the Denver Mint seems to have been under such pressure to strike as many nickels as quickly as possible that it decided to repair the clashed reverse die and return it to the coinage press. The die required such extensive polishing, however, that in addition to removing the clash marks, the shallowest feature of the design was also removed: the bisons right foreleg between the hoof and the thigh. The die was duly pressed back into service and continued to strike coins. The 3-Legged feature was either missed by Denver Mint personnel or simply ignored. In any event the 3-Legged nickels entered circulation alongside normal examples of the 1937-D, many of the 3-Legged pieces seeing initial distribution in Montana.The 1937-D 3-Legged was discovered soon after entering circulation, since one C.L. Cowboy Franzen began marketing examples to collectors in The Numismatic Scrapbook as early as 1937-1938. The vast majority of examples that have entered numismatic circles since that time are circulated to one degree or another. Apparently Franzens and others initial offerings were for small quantities -- perhaps even individual coins -- that they were lucky enough to cherry-pick from circulation. Most pieces continued to circulate until recognized by collectors and dealers in later years, by which time the coins had acquired wear.True Mint State survivors of this variety are scarce relative to the demand for them in todays numismatic market. As well, most such pieces are softly struck, lackluster or otherwise confined to the MS-60 to MS-63 range. In these grades especially, population figures for Mint State coins published by third party certification services such as PCGS and NGC are almost certainly highly inflated by resubmissions and more often than not represent grading events. On the other hand, population data for the exceptionally rare Gem Mint State pieces are likely far more accurate relative to the actual number of such pieces extant. Few 3-Legged nickels possess the sharp striking quality, vibrancy of luster, and high level of surface preservation required to secure a MS-65 or higher designation. Sure to be a popular lot among Buffalo nickel enthusiasts, this impressive Gem is worthy of the strongest bids.

价格参考 Price Guide