The 1959 5 Cent Coin American Graded MS66 by ANI is a highly coveted coin among collectors and enthusiasts alike. It is not just a mere piece of currency, but a piece of history that holds significant value. Let us dive into the details of this rare and beautiful coin.
The American Numismatic Institute (ANI) is a renowned institution that specializes in grading and authenticating coins. It was founded in 1959 and has since then played a crucial role in preserving and promoting the study of coins. In 2017, ANI graded a 1959 5 Cent Coin with a stunning MS66 grade, making it an exceptionally rare piece.
The obverse of the coin features the familiar profile of former US President Thomas Jefferson, while the reverse showcases the iconic image of Monticello, his historic Virginia home. Both the images were designed by Felix Schlag, who won a competition held by the US Mint in 1938 to create a new design for the nickel.
The 1959 5 Cent Coin holds special significance as it marked the 150th anniversary of Thomas Jefferson’s birth. To commemorate this occasion, the composition of the coin was changed to copper-nickel, with an increased diameter of 21.21 mm and weight of 5 grams. This change in composition makes the 1959 nickel distinguishable from its predecessors and successors.
The MS66 grade of the 1959 5 Cent Coin by ANI is a testament to its exceptional quality. The term “MS” stands for “Mint State,” indicating that the coin was struck for circulation and has never been in circulation. The number “66” signifies the coin’s condition, with a scale of 1-70, with 70 being a perfect coin with no visible flaws.
One of the reasons why the 1959 5 Cent Coin holds a high value is its rarity. While millions of these coins were minted in 1959, only a small percentage has received a high MS grade from ANI. This makes the coin highly sought after by collectors, and its value escalates with every passing year.
The 1959 5 Cent Coin American Graded MS66 by ANI is an excellent addition to any coin collection. Its historical significance, rarity, and high grade make it a valuable asset for collectors and investors alike. ANI’s grading process ensures the authenticity and quality of the coin, giving buyers peace of mind and confidence in their purchase.
In conclusion, the 1959 5 Cent Coin American Graded MS66 by ANI is a quintessential piece for any avid coin collector. Its unmatched quality, unique composition, and rich history make it a must-have for those looking to add a rare and valuable piece to their collection. With its soaring popularity and limited supply, this coin is sure to appreciate in value and hold its significance for many years to come.