Rapid Increase in Jefferson Nickel Pop's?

moosesr

Now that Jefferson's are becoming more popular, are the high grade pop's going to increase rapidly? Look at these two Teletrade auctions for a total of seven PCGS MS67FS 1941-D's. PCGS pop report shows 110 in MS67FS and now here are seven available at the same time. I wonder if there are that many unsearched Jefferson rolls out there?


Link 1
Link 2

Charlie

jonesy

I must agree that it is very unusual for that many low population coins to be available at one time. It would be great if I needed one of them. But I don't.

Eastside

Of all the rolls i had and have the best struck jeffersons were always from Denver and the 40's, 41's and 43 D's are there highest quality years with many experts that consider the 1943 D War Jefferson the Highest quality circulation coin ever in terms of quality and consistency, there rather quite common in the higher grades and usually can be found aT reasonable prices, but anything thats a MS67 should be taken advantage of while it can because I really don't see those years raising the bar on the series overall.

Eastside

Promote the Hobby, Lest we return to the days of cardboard

USAROK

I'm not a Jefferson collector, but last June I bought a 1952-D MS66FS Jefferson for my birth year set. The present population is almost 12% greater so I guess the high grade pop's must be shooting up.

NIckelCollector

Generally I agree there has been a large increase in the pop reports for full step nickels. This does not surprise me since many of the dates and mintmarks showing large increases are known for higher quality strikes and their availability in full steps.

However, it all comes down to supply and demand. Even with the increase in the pop reports, I believe MS67FS prices even in the more common dates have more upside potential than downside.

Perhaps another way to look at the pop reports for increases is by looking at the scarcer varieties in full steps. I compared the pop numbers from October 2001(the oldest pop report I have) to February 2004 for the following varieties: 39P Double Monticello, 42 D/D, 43/2, 43P DDO, 45P DDR, 46 D/D, 54 S/D, 55D/S in grades MS60 and higher and in full steps.

The 39P went from 16 in October 2001 to17 in February 2004 total certified, 42D/D 1-3, 43/2 30-50, 43P 15 -18, 45P 1-2, 46D/D 3 -14, 54S/D & 55D/S 0 -0.

What does this mean? Except for the 43/2, the full step varieties pop #s have not changed significantly. In fact, perhaps many may be even rarer than previously believed.

Considering the prices currently being paid for high grade mint state full steps in MS66FS and higher where the top pop coins have less than 10 examples in the top grade (and significantly more in lower grades), today’s full step variety prices would seem a bargain. In my opinion, Jefferson variety collecting is the most challenging and fun, and perhaps has the best chance for significant higher prices in the future.

Frank

cladking

It is true that large percentages of many of the high grade Jeffersons have not been sent in
for grading and that increased interest and increased prices will result in more coins being
graded. Some of these coins already reside in raw collections and may never be graded by
a TPG service. It should be remenbered though that many of these are low population coins
because they were made and/or were preserved in small numbers. Such coins will never be
submitted in large numbers because they don't exist, at least not in the very high grades.

Market forces, to date, have tended to create a universe of graded coins which are in similar
numbers for each date. This is caused by the fact that collectors tend to want one of each
date/mm, so this is the way they are sent in for grading. The availability of coins does vary
a lot in high grades so as time goes on there will be some coins which have smaller increases
in pos than others.