Price: 1,500.00 - SOLD - 1/14/2014* Free Shipping and Insurance for coins at $10K or above.
1918/7D Buffalo Nickel - 1918/7-D Buffalo 5C NGC VG8, CAC. This 1918/7-D Buffalo Nickel has significant detail in the portrait of the Indian as well as the buffalo. The legends are fully readable, and the overdate is sharp and easy to see. The horn is partly visible, in keeping with the grade. The coin is lightly toned with shades of tan and silvery nickel. A couple of small patches of darker toning are present on the reverse, but these do not detract from the overall quality of this piece. The surfaces are original and clean for the grade. The CAC sticker indicates that the coin is certified accurately and is of premium quality.
James Earle Fraser designed the Indian Head or Buffalo nickel. The design shows a close profile of an Indian brave facing right. It takes up most of the coins surfaces. The Indians feathers are in his hair, and his braids are tied with string. LIBERTY is at the edge between 2:00 and 3:00. The date is at the lower left on the Indians shoulder. The buffalo, more correctly the bison, is facing left. Its design is from edge to edge. It stands on a slight rise of ground with a straight line below it. UNITED STATES OF AMERICA is in an arc at the top edge and E PLURIBUS UNUM is in very small letters to the right of the bisons hump. The denomination, written as FIVE CENTS is under the raised ground at the bottom. The mintmark is on the reverse below the denomination. The Denver Mint struck its first coins in 1906. It is still operating and producing coins for circulation as well as commemorative and bullion coins. Coins produced at the Denver Mint bear a D mintmark, not to be confused with the D for the Dahlonega Mint, which operated in Georgia until 1861 when it was taken over by the Confederacy. The predecessors of the Denver Mint were the men of Clark Gruber and Company. During the Pikes Peak Gold Rush, they coined gold dust brought from the gold fields by the miners. For almost three years, they minted gold coins (186061) and ingots (1862). They were formally bought by the United States government in 1863. Established by an Act of Congress on April 21, 1862, the United States Mint at Denver opened for business in late 1863 as a United States Assay Office. Operations began in the facilities of Clark, Gruber and Company, located at 16th and Market Streets and acquired by the government for $25,000. In 1904 the government converted the Assay Office into a working mint. A large Italian Renaissance style building was erected. In its first year of operation, the new mint produced 167,371,035 gold and silver coins. Today the Mints output can exceed 50 million coins a day.
In its population report, as of December 2013, 17 1918/7-D Buffalo Nickels have been confirmed at the VG8 grade level. Less than 7% of all NGC and PCGS certified 1918/7 Buffalo Nickels have been given CAC stickers.
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