This low mintage key date issue has been ardently pursued by several generations of Liberty nickel collectors, many times without success. The light-gray surfaces exhibit some wispy contact marks near the centers. Slight amounts of charcoal-green patina reside near the peripheral design motifs, on the obverse.
A vast change took place in numismatics during the 1930s. Previous to this time there were no holders or folders that were widely marketed, although note should be made of M.L. Beistle of Shippensburg, Pennsylvania, who in 1928 introduced some coin album pages. In 1934 everything changed when W.K. Post of Neenah, Wisconsin, introduced the "Penny Board." This was a flat cardboard sheet into which could be pressed Lincoln cents, Liberty Head nickels, and other types found in circulation. A collection was thus defined, and a beckoning empty hole indicated a "must have" date or mintmark. This was during the Depression, and although money was scarce, collecting coins at face value was affordable to many and the hobby of numismatics multiplied in the number of advocates. Within a space of several years hundreds of thousands of people were trying to assemble collections from pieces in circulation. Those who took a deeper interest investigated rare coin shops and auctions and went on to even greater accomplishments.