RARE AFFAIR: Exact ‘weak’ detail on your rare nickel that makes it worth $109,250 – and the year that increases its price
According to The Sun, Owning a specific 1867 nickel might mean you have a valuable hidden gem in your collection. One such coin recently sold for an astonishing $109,250 at auction, largely due to its unique characteristics, particularly its “weak” details that distinguish it from other coins.
A Rare Piece of Numismatic History
The 1867 5C Rays PR66 Cameo nickel is an incredibly rare piece of numismatic history. Graded PR66 by the Professional Coin Grading Service (PCGS) and certified by the Certified Acceptance Corporation (CAC), this nickel showcases original striking that adds to its desirability.
Notably, the coin has distinctive features identified by researcher John Dannreuther, according to Heritage Auctions.
Unique Characteristics of the Coin
Obverse Details
The obverse side of the coin displays remarkable characteristics:
- The left base of the “1” in the date is positioned over the right edge of a dentil, with the “7” being recut.
- The lower shield is notably clear, free from roughness or die polishing, enhancing its appeal to collectors.
- The highest leaf below the letters “RU” in “TRUST” is fully detached from the shield, adding to the coin’s uniqueness.
- A defined area exists below the right arrow shaft, and tiny die polish lines can be seen from the upper left of the shield to the nearest leaf.
Reverse Features
On the reverse side, there is a slightly weak center ray below the second “T” of “STATES,” along with attenuated dentils characteristic of Dannreuther’s Reverse A, State I.
The dating of the 1867 With Rays proofs reveals clandestine strikings that are significantly rarer than the 1866 With Rays proofs, possibly by a factor of eight to one, according to the auctioneering site. While the Guide Book estimates that there are about “25+” existing examples, this figure seems conservative considering the probable restrikes.
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Exceptional Condition and Appeal
This particular nickel showcases untoned, brilliantly reflective surfaces with just a hint of champagne patina at the centers. Unlike the 1866 Rays coins, it lacks a center dot on either side, yet every leaf, shield stripe, and star is meticulously struck and boldly detailed. The frosty devices are so well-defined that they nearly deserve a Deep Cameo designation.
A Significant Year in Numismatic History
The year 1867 holds significance for collectors, marking a transitional period in minting techniques. Coins from this year are not just rare; they symbolize a moment in American numismatic history that collectors cherish. The specific characteristics of the 1867 With Rays Shield Nickel make it highly sought after.
Other High-Value Coins
There are plenty of other coins with errors that have driven up their values. For instance, a single detail on the back of another coin has made it worth $114,000, while a rim mistake on a nickel has sold for up to $20,500. Such instances highlight the ongoing interest and investment potential in rare and unique coins.
