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Doug S.'s Blog

11 Jun 2020

My First Proof

| Doug S.

I had to share this one. It is my first proof. It is part of my type set.

Comments

CopperCollector

Level 4

Amazing coin

TheNumisMaster

Level 5

That... coin.... is... ... beautiful. Wow. I can't believe the quality on this piece. One day Ima have to track on of these down.

Doug S.

Level 4

Thanks. It is a beauty. Regards Doug

CentSearcher

Level 5

I usually don't see coins like that as a proof, and for some I didn't even know they existed. Great Job!

Doug S.

Level 4

Thanks! Amazing strike. Its for my type set...couldnt resist this one! Mintage on this was only 3,200. Regards Doug

I. R. Bama

Level 5

What is/was the D. L. Hansen collection? Just curious about why that was noted.....

Doug S.

Level 4

LOL I suppose that is true. I bought it already graded from DLRC.

I. R. Bama

Level 5

Almost like branding, your coin is famous! :)

Doug S.

Level 4

Bama, https://www.davidlawrence.com/hansen Coins that come from famous collectors are so noted when graded. It provides provenance to the coin. Previous ownership so to speak. He is selling excess from his collection as he is trying to build the greatest coin collection of all time. Doug

I. R. Bama

Level 5

Great coin Doug! I've always been curious about proofs being valued less than business strikes. I asked my local dealer and he said that isn't always the case. I'd like to learn more about that and how does one know the difference of which is more valuable

Doug S.

Level 4

Thanks! I think rarity plays a large role and the fact they were intended for circulation but never did whereas a Proof is intended from the outset for collectors?? And sometimes in my view there is no logical reason and yes some proofs are more valuable. As for price I subscribe to CDN, including the quarterly Market Review. It lists what they call CPG prices or Consumer Price Guide. In other words recommended retail prices, for all grades, you can use as a reasonable guide to pricing. The prices are not set in stone by any means but it gives a reasonable estimate of what the market shows where the retail price point should be +/-. OF course the seller sets the price they are willing to take for a given coin, the advantage for us is we are armed with good price estimates so you don't over pay. It helps a lot with bidding in on line auctions especially. The amount of coinage that are listed and priced is amazing. BTW...CDN is the publication dealers also use to set prices. Commonly called the Greysheet. The Quarterly Market Review lists retail prices. As a warning CDN is a little pricey but if you buy a lot of coins or anything expensive it is worth the cost in the money it can save you. In fact it is invaluable and makes one a smarter collector I am certainly not an expert and These are strictly my opinions but I hope it helps. Doug

JudeA

Level 4

Beautiful coin, and the CAC label makes it even more so!

Doug S.

Level 4

Thank You! Doug

Oobie

Level 4

That is an absolute beauty of a coin. Definitely one to show someone that does not know what a shield nickel is. You must be very proud to be the owner of that one! Amazing pickup!

Doug S.

Level 4

Thank You. I couldn't resist the opportunity. Given the mintage, 3,200, I think its undervalued. Its a whole lot cheaper than a MS 66 business strike. Thanks for looking. Doug

Makeco

Level 3

Beautiful!

Doug S.

Level 4

Thank You!

1943penny

Level 4

Amazing! That is a beautiful coin! Wow!

Doug S.

Level 4

Thanks. I just couldn't resist this one. Doug

World_Coin_Nut

Level 5

Wow, most shield nickels you see are well circulated. Seeing one in this condition really makes you appreciate them more.

Doug S.

Level 4

Thanks!! It is a beauty. The mintage is low too at 3,200 for 1879.

Kepi

Level 6

You found a beauty of a coin! Thanks for sharing it with us!

Doug S.

Level 4

Thanks Kepi! Appreciate it.

Prodigy Coins

Level 4

Wow! that is an amazing coin! And In pr66 too.The proof finish really brings out the design. I have shield nickels, but no proofs. This makes me want to add a proof one to my collection.

Doug S.

Level 4

Thanks!! I couldn't resist. Its beautiful. Its the first proof I have acquired. My photography is getting better but these don't really do it justice. You should definitely acquire one. Their mintages are really low , this one is only 3,200, and I think a bargain compared to high grade business strikes shield nickels.

It's Mokie

Level 6

Wow Doug S, that is an absolute stunner. Congratulations on a great pick up.

Doug S.

Level 4

Thanks Moke! Couldn't resist this one!!

"SUN"

Level 6

Beautiful coin. Looks like you are putting together a great type set.

Doug S.

Level 4

Sun Thanks Trying to, been at it for 8 years. Got sidetracked and started collecting other coins. Most likely never finish the set given my age and the cost, some pieces are crazy expensive. :) Thanks again. Doug

Haney

Level 4

Green beans, that is a really nice nickel. I still have the first shield nickel I received as a Christmas present when I was a teen. Of course no where near as nice is yours but cool just the same. Good luck on the rest of your type set!

Doug S.

Level 4

Thanks Haney! Couldn't resist this one! Thats cool, I wish I had got started sooner in life I just started collectioing about 8 years ago. Thanks for the kind words. Doug

Longstrider

Level 6

Now that will be a star piece in your type set. Well done. Good luck on future pick ups.. Thanks.

Doug S.

Level 4

Thanks John! Couldn't resist this one!! Gonna take a break for a while, give the wallet a rest. :) Starting a Buffalo set in a Dansco album VF-AU no slabs allowed. I appreciate the comments. Doug

A.J.

Level 4

it looks like it was made yesterday. the original buyer must have really been good at storing and preserving coins.

Doug S.

Level 4

A.J., I agree. there were only 3,200 minted so I assume who ever bought it was a collector. Nothing else makes sense. I don't normally collect these, But I couldn't resist this one. Doug

Golfer

Level 5

Very nice. Beautiful coin in a great grade. Keep us updated on your progress. I was looking at some coins like that.

Doug S.

Level 4

Golfer, Thanks..progress will be slow. Im working on a Dansco Buffalo nickel album, VF-AU, for a while to ease up on the wallet.. :) I like this one as the mintage for this year was only 3,200. Doug

Long Beard

Level 5

Beautiful coin with a pedigree. What better way to start a proof type set?

Doug S.

Level 4

Longbeard, Thanks I appreciate the comment. I couldn't resist this one. It was calling my name..well sort of. :) Doug

Mike

Level 7

That's a beautiful coin. Great grade. It makes the design star out. Congratulations on that one. Lots of luck wset. I'm sure you will get it. He who waits I have faith in you. Thanks for sharing it.

Doug S.

Level 4

Thanks Mike. Its a part of my type set. Thanks for the encouragement. Doug

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