Lot 1186
1923-S. PCGS graded MS-65. CAC Approved PQ. Housed in an Old Green Holder. Better than average strike. Mostly untoned. To see this coin is to fall in love with it. When we count all its virtues we find that the result is tantamount to making this a "must have" 1923-S Nickel for the specialist. To begin we might as well describe it as being well struck, deeply lustrous, and with full brilliance undiminished by toning, with the mint bloom evenly distributed on both sides and silvery bright. Among the marvelous gems in this collection, although it is unfair of us to chose one from the others, this is certainly among the most important in terms of eye-appeal and consequent beauty. Pop 39; 3 finer, 1 in 65+, 2 in 66 (PCGS # 3950) .
Historic Note: The years 1921 through 1923 witnessed interrupted production of minor coinage after the economy readjusted to peacetime conditions following the end of the Great War in 1918. In 1921 San Francisco made no dimes, and Denver made no cents or nickels; neither mint made quarters. In 1922 only the Denver Mint, struck cents. There were no other minor coins produced during the year. In 1923, Philadelphia and San Francisco returned to more normal production, but Denver was assigned only dollar coinage in the silver, copper, and nickel coin production cycle. Each denomination that San Francisco struck in 1923, from cent to half dollar (and it minted all the minor coins this year) is scarce to rare in Gem condition. Date and mint collecting had not developed as yet. And hoarders tended to go with P-mint issues for some reason, possibly due to the larger East Coast population back then. Original rolls of 1923-S coinage, let alone bag quantities (except for silver dollars) were unheard of.
Estimated Value $9,000 - 10,000.
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| Realized $26,450 |
