Prices realized for Buckeye Jefferson Nickel registry set
Cuprinkor
Posts: 269 ✭✭✭
Did anyone notice the prices brought for various coins from the Buckeye Jefferson Nickel registry set auctioned by Stacks-Bowers in late August?
Many coins from the 1965-date set realized amazing prices for MS66 and MS67 coins.
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Comments
I noticed that too. In some cases some coins sold for multiples of what can be had (same service, same grade) listed on Ebay as well as sold through other auction houses.
Any examples (along with photos)?
peacockcoins
Go to CoinFacts and look up FS coins by date and values. You'll see 8/21 SB auction prices among the values.
My 2 cents: Classic set did not do all that well. Moderns did well. Not spectacular, but good. SMS 5C so-so.
Wondercoin
P.S. Let’s look at the best 5C modern, hands down, in the collection. The only Full Step graded Gem 1969-D. The coin sold at Stacks at the August 2016 ANA for $30,550. Let’s assume this is where Buckeye acquired this incredible coin for his collection. He then held it (5) full years and resold it at the Stacks August 2021 ANA where it hammered at $28,000 ($33,600 with buyers premium). If Buckeye received 100% of the “hammer price” in the sale, he ended up losing $2,550 on one of the greatest modern Jefferson nickels in existence. If he received a little over “hammer”, perhaps he lost a little less on the coin.
While other great moderns in other series have seen excellent appreciation over the past 5 years, here one of the greatest modern Jefferson nickels saw less than 10% appreciation over the 5 year period and not enough to even cover one of the buyers’ fees.
But, as I mentioned, the moderns certainly outperformed the classic Jeffersons over that same 5 year period in my opinion.
Wondercoin.
Edited to add… No question Stacks did a fine job selling the collection. It simply “is what it is” when it comes to Jefferson nickels these days. I placed a couple bids in this auction (not on Jeffersons) and won a 5 figure coin. Wayne Berkeley handled my bids for me. I identified him as the up and coming star of Stacks last decade when he was literally on the ground floor. I can’t keep up with all of his promotions that he received since then, but rest assured they are all well deserved!
Here are examples of the amazing prices realized. Keep in mind all of these coins were MS66FS (not 67FS):
1980-D $3120.
1982-P. 1140.
1982-D 3600.
1983-P. 4800.
1983-D. 1680.
1985-D. 504.
1998-D. 2640.
Will these upgrade to MS67FS?
Maybe. Maybe not.
I added the following coins from the Buckeye Collection:
1940 PR68 $5280 (my cost $6,250 post auction) previously sold for $$12,925 Heritage 6/2013
1942 PR68 $2,400 previously sold for $8,225 Heritage 10/2012
1950 PR67DCAM $2,400 (my cost $2,950 post auction) previously sold for $5,288 Heritage 4/2013
Very good deals for me.
However the Blue Ocean 1950 to 1964 DCAM's sold for big money in Regency 47 as most of them were Top POP.
OINK
“I added the following coins from the Buckeye Collection:
1940 PR68 $5280 (my cost $6,250 post auction) previously sold for $$12,925 Heritage 6/2013
1942 PR68 $2,400 previously sold for $8,225 Heritage 10/2012
1950 PR67DCAM $2,400 (my cost $2,950 post auction) previously sold for $5,288 Heritage 4/2013”
Roughly $27,000 of Classic 5C for $11,000. Like I said… “it is what it is” when it comes to Classic Jeffersons these days.
Wondercoin
One would think the strong strike '53-S PCGS MS66FS coin would bring more than $21,000.
It looks solid for the grade and the steps are sharp, not mushy.
Cuprinkor: Look how little it fetched at Heritage where he recently bought it. “Exhibit 1” that the series is broken after one of the “big boys” walked from the series (and sold off his collection) not too long ago!
Wondercoin
Wouldn't it be a coin for DLH and his #1 Jefferson Nickel registry set?
high auction sales need 2 high bidders
“Wouldn't it be a coin for DLH and his #1 Jefferson Nickel registry set?”
Why he didn’t win it at Heritage at that crazy low amount is beyond me. But, obviously, he was happy with his undergrade coin at that time.
Wondercoin
Lost track on who had that coin. Here's a better struck example I've recently acquired. The guy it came from had over 40 years in the Jefferson nickel series. Add in my 30+ years, I've only seen one other myself struck as nice. That old timer was a Smelter in Missouri and said they'd throw the bags and all in to be melted. But he searched a few of those bags and sent his prized example to me for my opinion. But he wouldn't sell it to me, I had to send it back. Some might appreciate this coin if they haven't ever seen a 53-S struck so nicely.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I do have a lot of respect for the 1998-D Jefferson in PCGS MS66FS grade as the usual specimen is plagued with contact marks galore. A mark free '98-D requires a lot of searching.
I slabbed one in MS66FS way back in 2002 after going through a batch of about fifty 1998 mint sets. Haven't made one since (and I've been looking).
I slabbed a 98-D in MS66 FS back in 2018 with total cost to me of about $25 pulled from an uncirculated roll I bought off Ebay (including grading fees). I sold it on GreatCollections for $525. I guess I should have held it a couple more years assuming it would sell for the 10X that was achieved in the StacksBowers auction.
These MS66 coins are still out there, but takes patience searching rolls/mint sets for them.
It's nice to see that the Jefferson Nickel is still somewhat strong since it has been taken serious as a series for a few decades now, it always wasn't like that, I can recall back in the early 70's and 80's when I was at local bid boards and even coin shows, quite a few people would ask what I collected and when replied 'Jefferson Nickels' they would look at me like I had the plague
I will admit that TPG's designation of Full Steps did help the series back in the late 90's...........The Series has come a long way Baby 
Steve
Maybe this one wouldn't pass MS66. Went through a few mint sets and dealer's lots to find the few, 3, all solid MS65's.
Of late, I've come into a few proof-like business strikes from a 40+ year collection. With these type of coins because they are so seldom encountered, it doesn't matter what they grade, whether there's a full strike or full steps. I don't suspect many folks would ever understand this. Here's an example.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection