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NICKEL FIVE-CENT PIECE 1883 Liberty, Without CENTS

Front - 1883 liberty nickel no cents Back - 1883 liberty nickel no cents

Description

In 1883 a new size and design appeared. The diameter of the coin changed from 20.5 mm to 21.2. The weight, however, did not change. It is speculated that the new design that depicts the head of Miss Liberty on the obverse was modeled after the Goddess Diana. The Liberty Head motif by Charles E. Barber. Miss Liberty wore a coronet inscribed with LIBERTY and surrounded by 13 stars, with the date below.

The reverse shows an agricultural wreath, open at the top, enclosing the Roman letter V as the only mark of value. UNITED STATES OF AMERICA and the motto E PLURIBUS UNUM surround. The word CENTS does not appear on the coin. Unscrupulous persons gold-plated the pieces and passed them off as $5 gold coins to unsuspecting merchants and citizens. The mint realized that a design error had been created, and soon the word CENTS was added to the reverse.

The variety captured the fancy of the public, and rumors quickly spread that the mint was calling them in and that the value would soon rise sharply. The rumor was untrue but it did not stop vast quantities from being hoarded.

In grades from Good through Uncirculated, particularly in higher grades from Extremely Fine through AU, examples are easily available. Superb Uncirculated coins are also available, but some searching may be required to locate a nice one.

Valuation

Many Proofs were ordered by the public resulting in a nearly record mintage of 5,219 Proof examples. As a result, Proofs are often seen.
COIN NAME
NICKEL FIVE-CENT PIECE 1883 Liberty, Without CENTS
DESIGNED BY
Charles E. Barber
ISSUE DATE
1883
COMPOSITION
75% copper, 25% nickel
DIAMETER
21.2 mm
WEIGHT
77.16 grains (5 grams)
EDGE
Plain
BUS MINT
5,474@000
PROOF MINT
5,219

The statements made on this website are opinions only. Past results are no guarantee of future performance or returns. Precious metals, like all investments, carry risk. Precious metals and coins may appreciate, depreciate, or stay the same depending on a variety of factors. Lear Capital, Inc. cannot guarantee, and makes no representation, that any metals purchased will appreciate at all or appreciate sufficiently to make customers a profit. Lear is a retail seller of precious metals and its buyback (or bid) prices are lower than its sell (or ask) prices. Metals must appreciate enough to account for this difference in order for customer to make a profit when liquidating the metals. Lear does not provide financial advice or retirement planning services. The decision to purchase or sell precious metals, and which precious metals to purchase or sell, are the customer’s decision alone, and purchases and sales should be made subject to the customer’s own research, prudence and judgment.