1883 5C No CENTS MS66 Certification #02629636, PCGS #3841

Owner's Comments

OGH

Expert Comments

Ron Guth

In 1883, mint officials changed the design on the Five-Cents denomination.  A head of Liberty wearing a coronet replaced the old Shield design.  On the reverse, a wreath repalced the stars and a large Roman numeral "V" replaced the old Arabic numeral 5.  Another, seemingly inconsequential change created all sorts of problems when the new coins came out -- the motto "E Pluribus Unum" took the place of the word "CENTS."  Taking advantage of this omission, enterprising individuals plated the new nickels with gold, then passed them off as new Five Dollar gold pieces.  Enough people were fooled that mint officials recognized the problem and fixed it by restoring the word CENTS to its usual place at the bottom of the coin and moved the motto to above the wreath on the reverse.  This change occurred in 1883, creating two major varieties for the year.

The so-called "No CENTS" variety is common in all; grades including Mint State.  Literally thousands of MS-63, MS-64, and MS-65 examples have been certified by PCGS.  Even MS-66 examples are common.  In MS-67, the population drops off a cliff, with PCGS reporting only 16 examples (as of September 2011), with none finer.

Diameter
21.20 millimeters
Designer
Charles E. Barber
Edge
Plain
Mintage
5474300
Weight
5.00 grams
Metal Content
75% Copper, 25% Nickel
Region
The United States of America
Pop Higher
98
Pop Lower
9293
Price Guide
PCGS Population
Auctions - PCGS Graded
Auctions - NGC Graded

Rarity and Survival Estimates

Grades
65 or Better 100000 R-2.0 1 / 1 28 / 33 TIE
All Grades 20000 R-2.8 1 / 1 33 / 33
60 or Better 5000 R-4.0 1 / 1 33 / 33

Condition Census

Pos Grade Thumbnail Pedigree and History
1 MS67 PCGS grade PCGS #3841 (MS)     67
1 MS67 PCGS grade MS67 PCGS grade
1 MS67 PCGS grade PCGS #3841 (MS)     67

High Desert Collection (PCGS Set Registry)

1 MS67 PCGS grade
1 MS67 PCGS grade