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I just got blown away on a 1942 T2 Proof Jefferson in the Heritage sale
mingot
Posts: 1,805 ✭✭✭
here is the auction
Pretty ridiculous price, but I was in at a pretty high level myself.
I wanted it at 2.5x recent auction prices, but I guess someone else wanted it at 4.5x that level.
Man, this coin had a LOT going for it, but this is still shocking.
Pretty ridiculous price, but I was in at a pretty high level myself.
I wanted it at 2.5x recent auction prices, but I guess someone else wanted it at 4.5x that level.
Man, this coin had a LOT going for it, but this is still shocking.
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Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
-Fred
Successful BST (me as buyer) with: Collectorcoins, PipestonePete, JasonRiffeRareCoins
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
<< <i>Nice coin. I find it hard to believe the listed sale price though... >>
Me too. The coin is nice, but it isn't that nice.
I'm happy with my frosty PR66 example and I had to look through quite a few before settling. Locating the frosty early proofs is what collecting coins is all about. Why anyone would settle for less.
How would you know if this coin was a reject from someone's collection?
Or an upgrade from a PR66 holder?
Besides the cheek marks, there are scratches on the plastic which indicates the slab has been handled a bit and carelessly.
Again, have you seen the coin?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
42T2 proof coins were often made from over polished dies. If you go back and check photographs from past auctions pay particular attention to the ribbon. It's usually nearly polished off and has signs of hand re-engraving. I have a strong suspicion that T1 reverse dies that had already been used were polished heavily, had the P mintmark stamped, and were pressed back into service. The dies that struck this coin were not over polished and everything that should be there was, even if slightly soft (not the strike, though -- i think the features of the die had likely softened from previous use). I went back four years to find another example in PCGS 67 plastic that had had been struck from an "unmolested" die.
The strike was strong. Not much to say here, but if you start looking at these proofs and looking at the proofs often times the jaw will be rough were the planchet was not fully struck up. This one didn't have that problem.
The color / surfaces - I didn't want a hazy or wildly toned coin and this coin was neither of those. I ALSO didn't want a coin that looked like cleaned silverware, which can be common with these after a dip. This coin was a great balance.
Anyhow, the hunt continues.
But to answer, no, I didn't. I had to settle with making a cataloger pull the coin and subjecting himself to my grilling.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
There's really no reason why they wouldn't have reused the obverse dies as well in your scenario. Interesting theory though.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I have a strong suspicion that T1 reverse dies that had already been used were polished heavily, had the P mintmark stamped, and were pressed back into service.
There's really no reason why they wouldn't have reused the obverse dies as well in your scenario. Interesting theory though. >>
Oh, I am almost sure the obverse dies were re-used as they seemed to really suffer from the polished off ribbon/re-engraving.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>also, since you seem to be looking for a "white" coin i wouldn't expect this to be the one since it seems to have subtle rim tone, especially on the reverse. >>
I moved off of that requirement for the type 2 specifically because white is generally going to mean dipped and I do not like the way silver nickels tend to look after a dip -- like someone just dipped a piece of silverware in tarnx.
I'm always willing to break my own rules if I think I'll end up with a better looking coin.