The unprecedented crossover underscores his personal efforts to combat “grade inflation.”
A mintage drop occurs with the 1887 compared to previous years; but, as most pieces were saved, this issue remains in the type coin realm. There were 2,960 coins originally struck. Common without cameo designations except for the finest of gems. Cameo coins are a good bit scarcer with deep cameos non-existent.
Obverse Description
Lady Liberty with the word LIBERTY on her crown faces left with 13 stars around the periphery and the date positioned at the bottom center.
Reverse Description
Large V (roman numeral 5) is centered in the design surrounded by an ornate wreath with UNITED STATES OF AMERICA * CENTS * around the periphery. The motto E PLURIBUS UNUM appears near the top between the wreath and letters STATES OF AME.
Book Reference
Key to Collecting: The 1887 nickel is easy to find in just about any grade desired, from About Good to Mint State. However, quality can be a problem for coins in higher levels, and discrimination is needed. Many Mint State coins have granular surfaces from dies that remained in service too long. Although the mintage quantity for Proofs was on the low side for this era, today they come on the market with regularity and are usually well struck and attractive.
CIRCULATION STRIKES:
Characteristics and Appearance: Luster and surface quality vary from frosty to dull. Coins with certain details lightly struck are the rule, not the exception. Flashy gems are rare. The date logotype used on all dies (circulation strikes and Proofs) has the 1 too high in relation to the curved baseline of the following three digits, this being characteristic of other years in the 1886 to 1889 era. There were 143 obverse dies made for this year, equating to 107,000 impressions per die, if all were used. Readymade planchets were obtained from the American Nickel Works in Camden, New Jersey. More than a million worn nickels were cleaned and reissued.
PROOF STRIKES:
Characteristics and Appearance: Usually well struck with Full Details. Sometimes with slightly rounded (rather than sharp) rim edges.
Mintage and Distribution Notes: At least two obverse dies were used.
Catalog Information
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Subject: I would like to contribute catalog info to CDN for 1887 5c PR
Body: Referring page: http://dev.greysheet.com/prices/item/1887-five-cents-liberty-v-nickel-proof/gsid/2997 GSID: 2997 Title: 1887 5c PR
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Values
| Grade | CAC | CPG Value (Retail) | Greysheet Price (Wholesale) |
|---|---|---|---|
| PR67 |
|
$3,100 | $1,234 |
| PR67 | - | $2,500 | $1,234 |
| PR66 |
|
$1,234 | $1,234 |
| PR66 | - | $1,234 | $1,234 |
| PR65 |
|
$1,234 | $1,234 |
| PR65 | - | $1,234 | $1,234 |
| PR64 |
|
$1,234 | $1,234 |
| PR64 | - | $1,234 | $1,234 |
| PR63 |
|
$1,234 | $1,234 |
| PR63 | - | $1,234 | $1,234 |
| PR62 |
|
$1,234 | $1,234 |
| PR62 | - | $1,234 | $1,234 |
| PR61 |
|
$1,234 | $1,234 |
| PR61 | - | $1,234 | $1,234 |
| PR60 |
|
$1,234 | $1,234 |
| PR60 | - | $1,234 | $1,234 |
| AU58 |
|
$1,234 | $1,234 |
| AU58 | - | $1,234 | $1,234 |
| AU55 |
|
$1,234 | $1,234 |
| AU55 | - | $1,234 | $1,234 |
| AU53 |
|
$1,234 | $1,234 |
| AU53 | - | $1,234 | $1,234 |
| AU50 |
|
$1,234 | $1,234 |
| AU50 | - | $1,234 | $1,234 |
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