SMS Jefferson 5c and "Full Steps"

DRG

I have a question for the Jefferson collectors and or PCGS. I have examined a lot of the 1965-1967 SMS Jefferson nickels and I have found very very few with "Full Steps". I understand that PCGS does not designate FS on proof coins and that the SMS coins are grouped with the proof coins in the Registry. Since FS SMS Nickels are actually quite uncommon, why not designate FS on these coins?

cladking

Sounds like a great idea! None are common, but the '67 isn't too tough.

solid

So what does a 1965 5c SMS PCGS MS68 FS DCAM go for? A coin with
a name like that can't be cheap!

keets

........and you should probably buy all the SMS coins you can find with Full Steps. i returned from the local shop a while ago, picked up some mint/proof sets. of the 3-1965 SMS sets, all of the Jeffersons are frosted with slightly hazed mirrors and none have full steps. one is gouged and the other two are almost identical with 5-3-2-5 counts. i really like the way Jefferson floats above the fields on a nice coin, though.

al h.

littlewicher

Aren't the '94 and '97 SMS Jeffs labeled with FS?

NIckelCollector

PCGS does attribute the 1994 & 1997 SMS as full step. Both of these coins are in the circulation sets. The 1965 - 1967 SMS are not attributed and are in the proof sets.

PCGS only attributes circulation jeffs as full step. I raised the question of why SMS coins are in proof and circulation sets when the variety policy was being reconsidered. The answer was the 1965 -1967 were minted in lieu of proofs and the 1994 and 1997 were minted in addition to the proofs.

The early Jeff proofs don't all have full steps. PCGS would benefit the collector if they designated early proofs, including the 1965 - 1967, with full steps.

Frank

keets

PCGS would benefit the collector if they designated early proofs, including the 1965 - 1967, with full steps.

hey frank

i think you meant to say "would benefit the seller" if they were to start FS designation on proof/SMS coins. something like that would only result in an additional pricing tier. i assume the strike is considered when assigning a grade already.

the question of why SMS coins are in proof and circulation sets

this is another point that needs clarity. though the SMS's are a "tweener", unless the rules have been changed in the last few months they aren't eligible for use in a type circ set and i have never tried to enter one in a type proof set, but assume they can't be used there either. so that leaves them as a sort of orphan with no place to reside.

i'd like to see a special registry set for all the mint set only circ issues which i guess would begin with the 1964 SMS coins and end currently with the burnished sac dollar. it was discussed here last year but seems to have died of lonliness.

al h.

DRG

Keets; I don't think I completely agree with your statement that it would benifit the seller if PCGS was to designate FS for the 1965-1967 SMS coins and early proof coins. While it is true that collectors would not reap the benifit until they sold there coins, I believe that many collectors have already aquired these premium coins and would have their collecting expertise properly appreciated by this recognition.

doops

<< <i>So what does a 1965 5c SMS PCGS MS68 FS DCAM go for? A coin with
a name like that can't be cheap! >>


it's reality market worth would be about $3000.
it would go for about $10,000