Thoughts on these Jefferson Nickel Values
HalfDimeDude
Posts: 1,206 ✭✭✭✭✭
https://www.gainesvillecoins.com/blog/15-most-valuable-jefferson-nickels
As a long time collector of this series ,and at one time having as part of my collection " 2" no s 71 proofs, a #21 signed souvenir card , every major Jefferson variety , two complete sets of both ms and proof coins.I will reserve my comments after seeing some of your post.
I will add one of the rarer Jefferson they completely left out. An 1946 s ddo by my comps and standards this should be one of the top priced coins of the series.
I guess my question is two part do you believe this write up from Gainsville to be correct in their assessments of the series? And #2 as a series where do you see this series going as far as popularity and value?
- one of the top varieties that Gainsville pointed out was the 1943/2 over date. Ive had cherry picked a raw one a few months back, and since I had a graded specimen i took the raw one to 3 shows now....cant even get an offer on it! I say its an ms 62/63 not fs but nice reverse.
- I have watched other major variety coins in this series loose considerable amount of value in the last decade.
Your thoughts?
"That's why I wander and follow La Vie Dansante"
Comments
Jefferson nickels were a popular series in the 1960's but crashed along with the market in May of 1964. They never really recovered. The minor varieties that are cherrypicked are actually of little interest to most collectors and dealers because most cherrypickers don't pay premiums for them, they cherrypick them.
The people with money that drive up the prices of popular numismatic material don't care about Jefferson nickels as a series and care even less about microscopic minor varieties.
The few Jefferson nickel collectors I have known, were passionate about the series.... However, most coin collectors have little or no interest in the series. Just my observations. Cheers, RickO
I think Jefferson Nickels are among the most beautiful modern coins. I love those proofs
The original reverse design was far superior to what was used. Had that reverse design been selected, it would have captured the Art Moderne in the lettering which was a sign of the times and avoided the whole full step nonsense that has detracted from the series.
Experience the World through Numismatics...it's more than you can imagine.
For the life of me I cannot understand why after a decision on a design, awarding a prize, then change every thing why? Art deco? The other series that had an art deco flare were huge hits! Yet the originial award winning design was poo pooed!
However the Jefferson nickel series is pretty much done with any interest of majority of collectors.
The value of key coins are upside down,as are major varieties of this series. You have coins with mintages way under 50 k pieces, yet no one has any interest.
I would tell anyone who are into collecting Jefferson nickels now is the time to go affer those key coins and Varieties while the values are down. I see all sorts of great deals at present .
"That's why I wander and follow La Vie Dansante"
It's a series with a low relative preference. It's only one example and I know the coin is generically very common but the 1950-D in MS-67 FS had a PCGS count of six on my first search years ago. Now it is 41 with an additional nine in 67+. That's certainly enough of an increase to result in a price crash. To the extent prices have declined noticeably across the series, I infer this is a contributing factor with other dates.
I agree that the 46-s ddo is one of the rarer Jefferson varieties. I collected full step ms Jeff’s about 15 years ago. I’ve also witnessed the drop in prices across the entire series since then.
1. I do not agree with their assessment of the series.
2. Glad I sold when I did. The collector base is fairly small and it would take a large influx of newbies to drive prices upward. Same can be said of the Merc series.
The '46-S is an outstanding doubled die. And it's a Class V doubled die-pivoted hub doubling-that's unusual for this series.
Franklin halfs, Roosevelt dimes are two more series that are on the same page.I recall about 3 years ago +/- there were so many 1949 S dimes for sale on ebay it wasnt funny!
There were hundreds of 49 s dimes graded from 63 up to 68 &69's .
This completely sunk the series! The key coin was not only available in quanity but unbelievable prices in high grades!
I knew right then the series was doomed!
I was working a show a few years back, in walked this guy he had a complete set of MS Franklin half dollars in a capital holder. He asked me when leaving why none of the 25 plus dealers wouldn't make an offer!
I told him two reasons 1 their inventory is over stocked,2 theres no market for them! They wony offer you spot in fear of making you mad! So they pass on items as such.
"That's why I wander and follow La Vie Dansante"
Yeah good luck getting the value out of the rariety.
"That's why I wander and follow La Vie Dansante"
One reason I don't particularly care for this series is that it displaced a beautiful and well liked design.
While I'm not a Roosie dime enthusiast. I always had more trouble finding BU 50-S's to complete BU sets than the 49-S's.
I don’t see it, where is the doubling?
As to the thread coins aren’t investments. It’s ok that some series are accessible to the avg collector that offers different ways to collect. The Jefferson series has different metals, mint marks, overdates and doubled dies. It can be fun if you don’t take them too seriously and fall into pointless strike designations. Yah you’ll be underwater if you pay retail…. Just like golf clubs
11.5$ Southern Dollars, The little “Big Easy” set
I wouldn't compare the Mercury dime to the Jefferson in this context. The later dates (post 1933 but especially 1940's) are really common but don't think it would take that many new collectors to push the prices of the earlier dates noticeably higher. It's debatable but I rank the series preference second after draped bust, for this denomination.
Two more series with a large or huge supply in better grades but also with a low or very low relative preference. Only exception is specialization (such as full strike designations) and the TPG label.
I'd rank the silver FDR dime dead last if classified as a classic. The Franklin half not that much higher, though the prices are notably stronger.
As a collector of over 50 years I am well aware of what are and arent investments! The majority of my collection came from the wild , 90% is raw , and I've have never paid retail for any coin, esspecially varieties that can be cherry picked.
The entire point of this thread isn't about investing in coins, its about a modern series of coins that has lost any chance to recover values of past decades.
Like other barometers this as well as Franklins, Roosevelts, modern commemortives, and dollars alike hold no potentials for growth in the future.
This to me is a warning sign,as the results will destroy the hobby in due time.
"That's why I wander and follow La Vie Dansante"
What makes this variety appealing to me is the huge strike through on the hair ribbon. With the exception of the OP's coin, I have never seen an example without the strike though. Maybe this is why the OP didn't get any offers on the ANACS slabbed example. For reference, I've probably seen or held 6 other examples since 2005.
To clarify, I was talking about Merc varieties. That is a really small group.
You asked about getting the value out of a variety... what is its value anyway, if the people who are interested in it only want to cherrypick it and not pay retail?
There's the doubling you wanted to see
http://varietyvista.com/04a JN DD Vol 1/DDO Detail Pages/1946SDDO002.htm
"That's why I wander and follow La Vie Dansante"
Again another who has mis read the thread. It matters not if a variety is purchased at full retail or found in the wild,or cherry picked. What matters is the loss of value , and interest in certain series.
Example 1939 double Monticello research its values as well interest levels over the last decade.
"That's why I wander and follow La Vie Dansante"
It most certainly does. If the people interested in the variety only want to cherrypick it, any retail value is going to be minimal.
Big difference in these two posted coins. The ddo I posted is the ddo1 and is in the cherrypickers guide. The OP’s coin is a ddo2 and is considered a minor variety by PCGS. That is why the OP’s coin doesn’t have the strike through.
Thank you, never heard of it until now
11.5$ Southern Dollars, The little “Big Easy” set
Some are very attractive.
That's a beauty, Joe!
I have a few of the 1962 proofs with crazy cool toning slabbed by PCGS. I also have a full set 1938 thru 1945 all PCGS. Always liked the war nickels
The toning on your '62 proof reminds me of this toning on my proof Buff-
You've been mad for 83 years?
"One reason I don't particularly care for this series is that it displaced a beautiful and well liked design."
I agree.
Are any nickels really collectible other than Buffalos ? shield, barber, 3c and Jeff’s are all lightly collected at best, white copper just isn’t sexy and they aren’t iconic or assessable like cents
11.5$ Southern Dollars, The little “Big Easy” set
Lightly collected at financially "meaningful" prices. But yes, all the series you listed outside the Buffalo nickel have a low relative preference.
Yes I have a personal name for this sort of toning on 1960- 63 a few 64's perhasp early strikes on old stock platchets.
I call this candy cotton toning or pastel . The early 60's had some unbelievable tones and colors on the proof Jeffersons. Some of the colors if seen on lther series would probably be tagged as Artificial. I will also admit I have had difficulty imaging some of these to capture the in hand colors. Not only the pastel candy cotton colors, but beautiful steel blues colors too can be found!
I love proof lincolns from 56 thru 63 also.....not so much a frosty devices and mirrored fields, but more of a wet look as if the coin had been treated with something that ade its finish look wet and reflective.
I will admit that ive purchased proof sets in these years just for the Nickel! Or cent....
"That's why I wander and follow La Vie Dansante"
POPPYCOCK!
"That's why I wander and follow La Vie Dansante"
Your reply made me smile and laugh at the same time.
It has been a very long time since I heard or read it.
Wayne
Kennedys are my quest...
I am glad that someone got it ! No need to argue over a statement that has no merit....so the most appropriate answer .....
"That's why I wander and follow La Vie Dansante"
One other point many fail to realize is this references used from the 2016 red book .
The top ten prices realized at auction in 2016~ 3 of the 10 were nickels! That finished 6th, 7th, & 9th place out of the top ten prices realized.
"That's why I wander and follow La Vie Dansante"
" No need to argue over a statement that has no merit...."
That's okay- I can understand why you wouldn't want to present an argument.
I enjoy the series and like that you can get some really nice coins for less than $10 each and sometimes less than $1.
As others have said, the microscopic varieties are not interesting at all. For me that doesn’t go just for JNs, any variety in any series that you need 10x+ magnification to just barely make out is completely irrelevant.
The only two varieties that I care for in the JN series are the 43/2 and 39 DDR.
I’ve picked a couple wartime RPMs and they’re definitely cool because you can see them with the naked eye (only varieties that matter), but nobody cares about them.
JNs are a fun, budget-friendly series to collect but that’s about it. Other than the mega toners and TOP registry coins I don’t see them gaining a whole lot in value for a while, if ever.
.
One proof Jefferson I like is the '39 rev 1940. Although not toned many look alike in high grade as there was not many available. It was either that or the '40 rev 1938 that only one die pair was used. Can post pictures when I get home.
I do believe that the subject here would make a great thesis for a paper. Linking all the series that no longer in vogue,compared to those that have withstood the test of time and are still popular among collectors.
"That's why I wander and follow La Vie Dansante"
The 45 DDR is all but as bold as the 39!
It depends upon definition of "in vouge".
The Jefferson nickel is and always has been "popular" in the sense that it has and had a large collector base. Concurrently, it has always had among the lowest collective preference within US coinage because of what it is as a collectible, from the coin attributes.
To use another example, the 09-S VDB cent has been among the most "popular" since at least the start of album collecting in the late 30's or near it. Based upon the price, it's relative preference peaked sometime around 1965. Generically (excluding the impact of TPG or other subsequent practices in US collecting), it has lost a lot of relative value, measured in constant prices and versus many other coins.
Long term, this trend will almost certainly continue for any coin like it.
For varieties to gain market traction two things are needed:
Thanks, Ron.
I have a mess of these that I acquired long ago before they were popular, so to speak.
I just imaged up some of the most beautiful Jefferson nickels I’ve EVER laid my eyes on for a friend of mine. This guy has got to have the most beautiful set of Jeff’s on the planet, JMO.
All 67+ or 68 with full steps with the exception of this 46. It’s just beautiful.
Here’s a couple as I do not want to get carried away with my buddies coins.
I like the color on that '46-D. Another beauty!
Yes, I think Joe's nickels he posts
(Jefferson or Indian) are second to none.
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