1942-D/Horizontal D Jefferson Nickel - Pictures added

CHAMELEON · July 17, 2009 9:54PM

Jefferson nickels are 1 of my 2 favorite series of coins to collect, but I'm not too experienced with all the RPM's and mint mark varieties. I have a friend that pulled a gem '42-D over horizontal D from a complete set he purchased. It is lightly toned, and amazingly clean. I would think it is an easy MS-66 (65 at the absolute worst). PCGS price guide has it listed at $13,500 in MS-65, and yet PCGS has 23 that are graded MS-67 with full steps. The list price seems too be inflated a bit. Does anybody know a realistic price that it would likely bring if it were slabbed MS-65/66? Is there a high demand for this variety (like the 3 legged buffalo)? Any feedback is appreciated.

Martin

sinin1 · July 17, 2009 10:08PM

Heritage has one at auction now

and they say only 8 graded total (but may be a designation FA iaaue where coin has 2 PVGS numbers)
they also have inly sold 5 total

Heritage coin

FullStepJeffs · July 17, 2009 10:11PM

Okay, so it's a full step coin? I'd probably get that into a holder tomorrow.

Steve

RBinTex · July 17, 2009 10:14PM

Sounds amazing. Overnight it TODAY to PCGS & get it holdered via walk-thru service on Monday.

CHAMELEON · July 17, 2009 10:18PM

I think the steps were very nice, but I can't remember if it had full steps. It was a solid MS-66 though, maybe even 67. Lucky son of gun, pulled it from a set where it had been added as a regular issue '42-D. The horizontal D is far more predominant than any other example I've found pictures of too.

FullStepJeffs · July 17, 2009 11:44PM

Well, I think you first should get a second opinion on the variety designation, ensuring the coin is truely a D/D. Once you have that... as I and others have said... fire it off... tomorrow!

Any idea what a 66 coin would go for? I'm thinking $40 - 50K+.

Edited to add: And by the way, first learn what varieties to look for and then always check complete sets. That's where I've found a majority of mine.

Steve

BigDowgie · July 18, 2009 3:08AM

I agree with FullStepJeffs, big dollar coin with full steps or not! Awesome find! Try to obtain some pictures to post? This would get a bunch of people looking and the offers might start flowing!
Dowgie

TexasNationals · July 18, 2009 3:49AM

I think we need to see pic!

PawPaul · July 18, 2009 5:38AM

........ i would not pay 100$ for one , but thats just me

keets · July 18, 2009 8:02AM

i feel strangely obligated to say that your friend needs to get ahold of whoever he bought the set from and give them "some of the windfall" from this find.

CHAMELEON · July 18, 2009 8:31AM

<< i feel strangely obligated to say that your friend needs to get ahold of whoever he bought the set from and give them "some of the windfall" from this find. >>

That ain't gonna happen. He has ads in all the local papers, classifieds, craigslist, and a bunch of other places that say he'll buy entire collections of coins, currency, bullion, and jewelery. He usually buys in bulk, and I would be very surprised if he remembered who he had bought the set from. It is a shame that it got overlooked, but it was quite a find or my friend. I'll be getting images of it soon, before it is sent off to be certified. I'll post 'em when I get 'em.

leothelyon · July 18, 2009 9:20AM

So....how do you send that in the mail and insure it for 40 grand? My advice, do a $200 walkthrough at a major coin show where PCGS is attending. If the coin does get sent via mail, be sure to tape it to a 12 by 12 in. cardboard so it's difficult to miss when they get the package.

Leo

CHAMELEON · July 18, 2009 9:27AM

<< So....how do you send that in the mail and insure it for 40 grand? My advice, do a $200 walkthrough at a major coin show where PCGS is attending. If the coin does get sent via mail, be sure to tape it to a 12 by 12 in. cardboard so it's difficult to miss when they get the package.

Leo >>

Hmmm....good question. I imagine I would just send it registered and insure it for $10-15K (whatever the maximum amount is). I've never had any insured package lost by the post office, so I think it would be okay. If something like that came up missing, the person responsible would have to be planning on eating Ramen noodles and being someone's wife for the next 10 years.

cladking · July 18, 2009 10:41AM

<< i feel strangely obligated to say that your friend needs to get ahold of whoever he bought the set from and give them "some of the windfall" from this find. >>

ROFL

RBinTex · July 18, 2009 10:54AM

I slabbed what I think is the only AU58 Full Steps one a couple of years ago. Was the only FS one I ever had.

Please post pics if you can.

keets · July 18, 2009 11:38AM

That ain't gonna happen.

and i wouldn't expect it to any more than it should be expected to happen in my case. there is one stark difference-----it was suggested that i jump through hoops to "make it right" or live out the rest of my miserable existence as a scumbag with a guilty conscience(my paraphrase, of course, but pretty accurate nonetheless).

i just thought it peculiar that you are lauded as some type of hero with a major score and none of the same hypocrits have evn suggested anything remotely close to what i was told.

it is what i guess i've come to expect here. a sad commentary, indeed.

saved for posterity, or is that posterior??
Jefferson nickels are 1 of my 2 favorite series of coins to collect, but I'm not too experienced with all the RPM's and mint mark varieties. I have a friend that pulled a gem '42-D over horizontal D from a complete set he purchased. It is lightly toned, and amazingly clean. I would think it is an easy MS-66 (65 at the absolute worst). PCGS price guide has it listed at $13,500 in MS-65, and yet PCGS has 23 that are graded MS-67 with full steps. The list price seems too be inflated a bit. Does anybody know a realistic price that it would likely bring if it were slabbed MS-65/66? Is there a high demand for this variety (like the 3 legged buffalo)? Any feedback is appreciated.

Martin

CHAMELEON · July 18, 2009 12:03PM

<< That ain't gonna happen.

and i wouldn't expect it to any more than it should be expected to happen in my case. there is one stark difference-----it was suggested that i jump through hoops to "make it right" or live out the rest of my miserable existence as a scumbag with a guilty conscience(my paraphrase, of course, but pretty accurate nonetheless).

i just thought it peculiar that you are lauded as some type of hero with a major score and none of the same hypocrits have evn suggested anything remotely close to what i was told.

it is what i guess i've come to expect here. a sad commentary, indeed. >>

What are you smoking & what the heck are you talking about? Are you saying I'm a scumbag because I have a friend that made an awesome find, and I'm not on my knees begging him to throw a few thousand dollars to whoever he bought the set from? I'm not really understanding your message here, but it sounds rude as hell.

keets · July 18, 2009 12:28PM

check my PM.

keets · July 18, 2009 12:32PM

to clarify, i'm only stating that two similar instances seem to have drawn vastly different responses and it is a sad commentary on the forums membership.

Batman23 · July 18, 2009 2:00PM

<< to clarify, i'm only stating that two similar instances seem to have drawn vastly different responses and it is a sad commentary on the forums membership. >>

You do realize that over %60 of the Poll voted that you did nothing wrong... except maybe telling the boss

I am not a Jefferson Nickel guy but from the replies posted I would say that this is a big find. I would like to see some pics and hear the PCGS results.

sinin1 · July 18, 2009 2:31PM

I hate to be the bummer, but PCGS has seemed to have tightened up on varieties as well as grades

I hope your friend gets his designations or else it will be a $5 coin

CHAMELEON · July 18, 2009 3:25PM

I'm meeting with him Sunday to get pictures. The horizontal D is stronger on this coin than any other I've found pictures of. It will definitely get the designation, without a doubt. As soon as I get pics I'll put 'em up.

keets · July 18, 2009 10:40PM

to date i have still not found this variety, 46-D/D, the 43/42-P or any of the other OMM's except the 55-D/S, and i look at each and every coin i come across regardless of grade. strangely, i have found about six 1945-P DDR's including one that graded MS65 with almost FS.

TexasNationals · July 19, 2009 9:50AM

Any pics yet? This is kind of exciting

stinkinlincoln · July 19, 2009 9:59AM

Whatever you do, dont submit it to NGC for grading...

bolivarshagnasty · July 19, 2009 11:31AM

CHAMELEON, Is the Jeff in question better or worse than the following pics? How does it differ from this one? Shag

bolivarshagnasty · July 20, 2009 12:13AM

Hello. Anyone home?

CHAMELEON · July 20, 2009 12:54AM

It is nicer. I should have some pics up this evening.

CHAMELEON · July 21, 2009 12:42AM

Okay, I think I remembered it as being a bit nicer than t really is. It is definitely not a 65/66. More like MS-63/64. Right before photographing the coin the lamp fell off the table and my full spectrum light broke, so the color is slightly off. I'm gettng a new bulb later today, and as soon as get new shots that are up to par I will add them.

FullStepJeffs · July 21, 2009 12:54AM

Can somebody please post them so I can see them (i.e. no photobucket please)

Steve

stinkinlincoln · July 21, 2009 12:55AM

<<That ain't gonna happen.

and i wouldn't expect it to any more than it should be expected to happen in my case. there is one stark difference-----it was suggested that i jump through hoops to "make it right" or live out the rest of my miserable existence as a scumbag with a guilty conscience(my paraphrase, of course, but pretty accurate nonetheless).

i just thought it peculiar that you are lauded as some type of hero with a major score and none of the same hypocrits have evn suggested anything remotely close to what i was told.

it is what i guess i've come to expect here. a sad commentary, indeed.

saved for posterity, or is that posterior??
Jefferson nickels are 1 of my 2 favorite series of coins to collect, but I'm not too experienced with all the RPM's and mint mark varieties. I have a friend that pulled a gem '42-D over horizontal D from a complete set he purchased. It is lightly toned, and amazingly clean. I would think it is an easy MS-66 (65 at the absolute worst). PCGS price guide has it listed at $13,500 in MS-65, and yet PCGS has 23 that are graded MS-67 with full steps. The list price seems too be inflated a bit. Does anybody know a realistic price that it would likely bring if it were slabbed MS-65/66? Is there a high demand for this variety (like the 3 legged buffalo)? Any feedback is appreciated.

Martin>>

Im not sure if this was suppose to be a pm, or posted in this thread.

I dont see a collector finding a cool varitey in a set offered to them, and a dealer not looking through a small group of coins, sold as junk silver for keys and semi key dates the same thing?

Also, that 42-D/D looks nowhere near a 65-66-67... 67? Really?

I know this variety is sought after by some, but I wouldnt dream of paying more than afew hundred at most for an RPM.

dbldie55 · July 21, 2009 1:12AM

Very cool find. Someday I hope I get that lucky.

FullStepJeffs · July 21, 2009 1:42AM

<< I know this variety is sought after by some, but I wouldnt dream of paying more than afew hundred at most for an RPM. >>

Well, just the pop report alone states the following:

MS62, 1 graded, $2150 in the guide
MS63, 3 graded, $3K
MS64, 5 graded, $8K
MS65, 5 graded, $13.5K

For Full Step Examples...

MS62FS, 2 graded, $6.5K
MS63FS, 2 graded, $12K
MS64FS, 3 graded, $25K
MS65FS, 1 graded, $45K

So currently, there are 22 coins total graded in mint state and the people who collect them seem to disagree with you.

Anyway you slice it, whatever the grade... as long as the coin is mint state and the D/D... someone made some cash flow.

Steve

stinkinlincoln · July 21, 2009 1:57AM

<<Well, just the pop report alone states the following:

MS62, 1 graded, $2150 in the guide
MS63, 3 graded, $3K
MS64, 5 graded, $8K
MS65, 5 graded, $13.5K

For Full Step Examples...

MS62FS, 2 graded, $6.5K
MS63FS, 2 graded, $12K
MS64FS, 3 graded, $25K
MS65FS, 1 graded, $45K

So currently, there are 22 coins total graded in mint state and the people who collect them seem to disagree with you.

Anyway you slice it, whatever the grade... as long as the coin is mint state and the D/D... someone made some cash flow.

Steve >>

Well, yea, I figured if prices like that were being paid for these coins. Someones doing the buying. Just not me, now or ever. List one at $149.95 and Im game all day long. Otherwise, Im just a tire kicker...

Robb · July 21, 2009 2:02AM

<< Can somebody please post them so I can see them (i.e. no photobucket please)

Steve >>

The photos are huge and exceed the allowance to load them through the board.

CHAMELEON · July 21, 2009 2:29AM

Just resized the photos, so they should show up now.

FullStepJeffs · July 21, 2009 2:47AM

I've seen the photos via email and have given Martin my views on the coin.

I like it alot. There are a few areas of concern, but I think the coin should end up in a holder.

Reduce the glare on the obverse and take a better picture so the fields can be seen for clarity for a better wag on grade, but at this point, I think he's got a shot at a 63 - 65 grade.

Again... nice coin. I'd send it off to PCGS. Anyway you look at it, it should grade something other than genuine. I'd probably save the money and just go on a normal submission.

I'll be very interested to hear what grade it ends up with.

Steve

seanq · July 21, 2009 4:06AM

I know its impossible to grade from pictures, but I'll eat my hat if that comes back any higher than AU58. Still a terrific find in a set like that, which are a great source for varieties. The only full UNC set of Jeffersons I ever bought contained a BU 1940-S/S RPM#1 and 1942-P/P RPM#1.

Sean Reynolds

TexasNationals · July 21, 2009 8:58AM

Strike is marginal, the hits on the head and, reverse field and monticello, no way it is full steps either hold it way back from 67, not 66, not 65, maybe 64 but a stretch, 62-63 or AU-58. I have seen a 66 and the strike is much stronger with very very minimal hits. Nice find though.

leothelyon · July 21, 2009 9:00AM

<< I know its impossible to grade from pictures, but I'll eat my hat if that comes back any higher than AU58. Still a terrific find in a set like that, which are a great source for varieties. The only full UNC set of Jeffersons I ever bought contained a BU 1940-S/S RPM#1 and 1942-P/P RPM#1.

Sean Reynolds >>

I've got to say, the majority that have been MS graded look like they've seen some circulation. What's up with that we'll never know. But if that coin shows the slightest rub and it has been handled, ie; the album it came from. And who was saving nickel rolls during the war. The variety is rare in the sense that those that have survived are in lower grades. One or two may be PQ but the rest lack a strong strike, are lacklusters and lower grade condition. Cladking, what's your input?
Personally, I like the obverse strike. The reverse is a different story. I don't like all the hits. $1000 coin?

Leo

sinin1 · July 21, 2009 9:18AM

It looks awful fine

Obverse could go 66 but reverse brings down to 64-65

Full step designation no at PCGS, maybe somewhere else - not sure what NGC would call it

NIckelCollector · July 21, 2009 10:36AM

Nice find - I would guess MS64 not full steps. I would definitely get it certified.

Here is an MS65 almost 6 steps but just misses designation.

Frank

CHAMELEON · July 21, 2009 10:39AM

The pictures I got suck because the lighting was not at all correct. I think it is probably MS-63, and could maybe go MS-64 if it was sent in on the right day. I'll get some better shots soon.

leothelyon · July 21, 2009 11:58AM

Excellent quality piece, Frank! Likely the highest to own for this variety regardless of the missing designation. Anyone considering the highest quality coin for their collection, granted they can buy it, must compare the top 3-4 examples in hand that are available and choose wisely.

Leo

FullStepJeffs · July 21, 2009 3:23PM

<< I know its impossible to grade from pictures, but I'll eat my hat if that comes back any higher than AU58.

Sean Reynolds >>

Sean,

With a clean cheek and shoulder like that, I've seen many Jeffs with similar looks in 66 holders. The obverse fields I can't see for potential hairlines due to glare and a lower graded reverse (63 - 64) gave me the thought of a wag of 63 - 65.

What tells you the coin is AU58?

Steve

WoodenJefferson · July 21, 2009 4:15PM

I would love to comment on this thread, but I'm lost like a speckle bellied goose in a snow storm.

This reads like who's on first.

seanq · July 22, 2009 3:37AM

<< 

<< I know its impossible to grade from pictures, but I'll eat my hat if that comes back any higher than AU58.

Sean Reynolds >>

Sean,

With a clean cheek and shoulder like that, I've seen many Jeffs with similar looks in 66 holders. The obverse fields I can't see for potential hairlines due to glare and a lower graded reverse (63 - 64) gave me the thought of a wag of 63 - 65.

What tells you the coin is AU58?

Steve >>

Here is where I'm looking. I know the pics are not great but the circled areas seem to show light rub (in the form of breaks in reflectivity and color). I have a really nice 1939-S rev 40 with full steps which PCGS has twice graded AU58 due to light friction in these exact two areas.

Sean Reynolds

BigDowgie · July 22, 2009 7:10AM

Frank,
I'm 110% behind Leo's comments! Awesome coin!
We are all in trouble if this is what all MS65 coins should look like! I can't think of any logical reason why this one is not an MS66.
Mike

GrumpyEd · July 22, 2009 7:22AM

Well it got me to look close at a few 42-D nickels.

1942-D/Horizontal D Jefferson Nickel - Pictures added

Comments

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

The more qualities observed in a coin, the more desirable that coin becomes!

My Jefferson Nickel Collection

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