Just got this coin back. Not sure why it didn’t receive a “5fs”.

Matthewdm11

I know this is the PCGS forum, but I find this community much more active and receptive than NGC’s forum. I have no idea why this nickel didn’t grade 5fs. Am I missing something?

Stingray63

I don't see 5FS but you got a 67+.

johnny9434

I would say same. See above

lilolme

@Matthewdm11 said:
I know this is the PCGS forum, but I find this community much more active and receptive than NGC’s forum. I have no idea why this nickel didn’t grade 5fs. Am I missing something?

I am not a full step type but looking at the pcgs video and your photo it is really close to their minimum FS.

PCGS minimum full steps

drei3ree

Steps are sometimes a crap shoot! I've seen much worse get the FS. Sorry

Matthewdm11

I am not a full step type but looking at the pcgs video and your photo it is really close to their minimum FS.

I agree! Perhaps I need to resubmit to PCGS.

GRANDAM

4th & 5th steps are broken under #2 pillar.
5th step might have passed but the 4th step definitely dis-qualifies it.

davewesen

Your picture is at an angle, they look straight on. There are also problems in middle under door and under pillar 3. Look at their view.

https://ngccoin.com/certlookup/6472838-001/67/

jdimmick

I dont see 5 full, only 4

Matthewdm11

@davewesen said:
Your picture is at an angle, they look straight on. There are also problems in middle under door and under pillar 3. Look at their view.

https://ngccoin.com/certlookup/6472838-001/67/

I didn’t know the fs designation only applies to straight on views. It still irks me that I see many examples with straight on views that do not appear to have as clear of fs as my coin. Here are several examples:

https://www.ngccoin.com/certlookup/6274797-001/67/

https://www.ngccoin.com/certlookup/6103705-002/67/

https://www.ngccoin.com/certlookup/4513690-054/66/

Stingray63

Try comparing to this image.
<broken image

crazyhounddog

Steps are kinda tough to figure. I can swear I see 5 full steps at times too.
Like @Stingray63 has said you still have a lofty Grade outta the deal
Be happy 😃

Matthewdm11

@crazyhounddog said:
Steps are kinda tough to figure. I can swear I see 5 full steps at times too.
Like @Stingray63 has said you still have a lofty Grade outta the deal
Be happy 😃

I think you guys are right, and I should be happy with the grade. Regardless, I am going to be greedy and send it in for a regrade 😂

I will update in a couple months when I get it back.

bolivarshagnasty

FWIW, I think it is 5fs as well. Maybe they just forgot the designation.

lilolme

@Matthewdm11 said:

@crazyhounddog said:
Steps are kinda tough to figure. I can swear I see 5 full steps at times too.
Like @Stingray63 has said you still have a lofty Grade outta the deal
Be happy 😃

I think you guys are right, and I should be happy with the grade. Regardless, I am going to be greedy and send it in for a regrade 😂

I will update in a couple months when I get it back.

As I stated I am not a Full 'type' but I was curious so looked at pcgs price guide.

I am not going to spend the time to try and get more actual prices but I see what you are shooting at:
PCGS MS67 $275 MS67FS $2600
PCGS MS67+ $2500. MS67+FS $9250

EDIT: My Bad, didn't look very well and grabbed the non-silver $ values (to big). See JeffersonFrog post below.

I should note I previously posted the minimum FS. Also this type of thing exist throughout grading. That is there is a MS65 that does not look near as nice as someones 64 or occasionally their 63. But those are the exception. Good luck.

Matthewdm11

I am not going to spend the time to try and get more actual prices but I see what you are shooting at:
PCGS MS67 $275 MS67FS $2600
PCGS MS67+ $2500. MS67+FS $9250

I should note I previously posted the minimum FS. Also this type of thing exist throughout grading. That is there is a MS65 that does not look near as nice as someones 64 or occasionally their 63. But those are the exception. Good luck.

Yes, while I am happy with the 67+, having the 5fs makes the coin much more valuable… I think it is worth sending it back in for a regrade.

jesbroken

Think of your insurance and shipping cost both ways. If you insure it for the 5fs MS67+ and it is lost how can you prove it's value at that level. If you do not insure it for the 5fs MS67+ and it gains the FS upon re evaluation and you lose it then you still will not collect your insurance at that level. Just an opinion.
Jim

Matthewdm11

@jesbroken said:
Think of your insurance and shipping cost both ways. If you insure it for the 5fs MS67+ and it is lost how can you prove it's value at that level. If you do not insure it for the 5fs MS67+ and it gains the FS upon re evaluation and you lose it then you still will not collect your insurance at that level. Just an opinion.
Jim

I will probably insure it for $1000

jesbroken

And if it's lost, then what would you get for your risk? You would lose a minimum $2500 item and be reimbursed for a thousand less your expenses, which would not be reimbursed. Were I to try a regrade, it would only be at a coin show were I alone handled the coin to and from the graders. If you go and return in the same day, it might even cover your fuel cost by what you save from S/H + Insurance.
Jim

Matthewdm11

@jesbroken said:
And if it's lost, then what would you get for your risk? You would lose a minimum $2500 item and be reimbursed for a thousand less your expenses, which would not be reimbursed. Were I to try a regrade, it would only be at a coin show were I alone handled the coin to and from the graders. If you go and return in the same day, it might even cover your fuel cost by what you save from S/H + Insurance.
Jim

That is a very very good idea.

ricko

I agree with @jesbroken ... Do a coin show 'walk through' for reconsideration. Cheers, RickO

Matthewdm11

@ricko said:
I agree with @jesbroken ... Do a coin show 'walk through' for reconsideration. Cheers, RickO

What source do you recommend for finding coin shows?

ricko

@Matthewdm11... This forum usually announces many of them. Why not pose the question here - give your general area (not specific address) and ask if anyone knows of coin shows close by. There are also the large shows such as FUN in Florida, Long Beach in CA.... a lot have already been held. See if there is a coin club in your area, they would have a lot of information. Cheers, RickO

jesbroken

CoinShows-USA.com is one that lists most shows. https://www.pcgs.com/shows this site should tell you whether PCGS will offer walkthrough grading or not.
Good luck.
Jim

1630Boston

@Matthewdm11 said:

@ricko said:
I agree with @jesbroken ... Do a coin show 'walk through' for reconsideration. Cheers, RickO

What source do you recommend for finding coin shows?

Check the grading company websites
.
.

jesbroken

I had a complete set of 38-50 Jeffs with 66FS at one time and sold them but you truly need to be careful as some that are graded as such, just do not appear to be. It took a long while to get some years because of this.
Jim

lilolme

@Matthewdm11

On the shows and grading. The information above from jesbroken and 1630boston is where pcgs does grading (or accepts coins to take back for grading). However, you should check the rates for this at:

https://www.pcgs.com/servicesandfees

The same day or 24 hour service is $300. The end of show has $150 or end of show economy at $70 with 5 coin minimum. You may (and often) get them back quicker than the listed 24 hour or end of show but should not count on it. See link - the first set of rates are in office and the next are the show rates. (If a crossover and successful then an additional 1%.)

If you are staying with ngc, then would need to check their show page.

If you just want to check shows (not related to pcgs submissions) then coinzip has many.

http://www.coinzip.com

JeffersonFrog

One could write a book about FS, or not, coins. There are countless examples of "this one, but not that one" out there. Some observations:

• It has been my experience that NGC is tougher on steps than PCGS.
• Conversely, it has been my experience PCGS is tougher overall than NGC.
• We all know you cannot grade from pictures, but we do it anyway. Remember, most of us NEVER replicate the graders' environment when they/we grade.
• I think you run a serious risk of losing the + designation if you send it to PCGS [without any minimum grade specified].
• I'm not sure what others are looking at, but the PCGS Price Guide values of your nickel are:
  67 : NFS $ 175 FS $ 575
  67+ : NFS $ 275 FS $1,650
  • NOTE: the two 2022 GC prices (in a strong market) for the 67+FS coin reflect a sales price significantly below the $1,650 number above: 30% lower for PCGS ($1,125), 60% lower for NGC ($630). It's only two coins, but my point is don't expect to be banking $9,000 on this coin. Or $5,000. Or $2,000. Or even $1,000. This coin looks very similar to yours:
    https://www.greatcollections.com/Coin/1011063/1942-P-Jefferson-Nickel-Silver-Type-2-NGC-MS-67-5FS

By the way, here are the steps from the GC PCGS $1,125 coin above.
https://www.greatcollections.com/Coin/1222922/1942-P-Jefferson-Nickel-Type-2-PCGS-MS-67-FS

Very long way of saying imo, your coin, based on your pictures and countless examples before it, is 5 FS at PCGS - but be careful that you don't lose the + designation. Without the + designation, the coin's value is less than $500. My five cents worth.

Matthewdm11

@JeffersonFrog said:
Very long way of saying imo, your coin, based on your pictures and countless examples before it, is 5 FS at PCGS - but be careful that you don't lose the + designation. Without the + designation, the coin's value is less than $500. My five cents worth.

Thank you for this in depth analysis. It seriously was very helpful and I agree.

Matthewdm11

@JeffersonFrog said:

Very long way of saying imo, your coin, based on your pictures and countless examples before it, is 5 FS at PCGS - but be careful that you don't lose the + designation. Without the + designation, the coin's value is less than $500. My five cents worth.

I wanted to give an update and inform you that your assessment was correct. I just got the regrade back and fortunately NGC assigned it the “5FS” I am obviously very happy with the regrade. Thanks again for your valued assessment of my coin!

https://www.ngccoin.com/certlookup/6484899-001/67/

FlyingAl

@Matthewdm11 said:

@JeffersonFrog said:

Very long way of saying imo, your coin, based on your pictures and countless examples before it, is 5 FS at PCGS - but be careful that you don't lose the + designation. Without the + designation, the coin's value is less than $500. My five cents worth.

I wanted to give an update and inform you that your assessment was correct. I just got the regrade back and fortunately NGC assigned it the “5FS” I am obviously very happy with the regrade. Thanks again for your valued assessment of my coin!

https://www.ngccoin.com/certlookup/6484899-001/67/

Congratulations!

drei3ree

Nice! That's a beautiful War Nickel.

JeffersonFrog

Very nice, glad it worked out for you.

TPRC

I love Jeffersons. And I also collect them. However, finding true FS nickels is a very difficult undertaking for some dates. Personally, I think one reason Jefferson nickels are a bit of a crap shoot and don't bring more money is that the grading, especially for FS pieces, is all over the place. And it is not just between PCGS and NGC. It also is erratic within each organization and without clear rules applied with consistency. If they ever fix that, the true value of well struck nickels will jump. A few posters here know their stuff, but almost more than any other series, one cannot simply buy based on the slab grade.
The ops piece looks like it meets PCGS standards, at least from the pics. However, it would not meet mine. And I've simply reverted to calling my Jefferson Nickels "well struck" or "weakly struck". The only really useful guide I've seen is the full step nickel guide which identifies steps in 4 or 5 locations.

leothelyon

From what I can see, looks like a very nice coin.

Leo

Barberian

Nice coin. Congrats! I'm glad it worked out for you.