Are the Jefferson Nickels MS 1938-64 considered a serious set yet?

Griv

PCGS makes a mention of this and I have heard a few others say so.

What say the experts???

ChrisRx

Griv

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Sweet. Another idiot with an opinion.

ChrisRx

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Sweet. Another idiot with an opinion. >>








Feel free to use any of those as an avatar.

JBN

I would think that the 38-62 set (like the old Whitman holders) would be a logical parsing of the series.

The 64 date doesn't have the significance due to no silver content (well, except wartime).

Secondarily, you made the mistake of asking a honest question. I'm amazed by those on this forum who will gladly and happily spend time insulting you for asking questions, wasting time embarrassing themselves, instead of simply offering their opinion.

I find it perplexing - but there are those of us homo sapiens who will choose to take time and expend effort to demean and act in a disgusting manner instead of simply using that same energy trying to be helpful and civil. Best to shrug them off.

grip

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<< <i> >>


Sweet. Another idiot with an opinion. >>




What happen..loose your house,or spot under the bridge..DH.

DennisH

Jeff difficulty with PCGS-certified coins multiplies massively as you go up the grading scale, and tremendously more so if you decide to go the Full Steps route... which I haven't. Virtually all of the 1938-64 dates are readily available in MS66 non-FS, although a few early-1960s D-mint dates so far only exist up to MS65. MS67s aren't hard to find during the war years, except for 1944-P and 1945-P which are both scarce and expensive. MS67s also come around for the 1938-40 dates, but some are also expensive. After 1945, MS67s are very seldom seen because the pops are tiny. Many dates still don't have any 67s graded at all. By the way, I stopped buying NGC coins very early during my set-building process because I felt everything I saw was overgraded by at least a full point compared to PCGS. I never got an MS67 NGC Jeff to cross, either, and a Jeff friend of mine is something like 2 out of 30. This reality is reflected in auction price results anywhere you care to look.

coinkat

Not an expert- this is a series that is in its own league due to an imposed Full Step designation which for a whole host of reasons does not pass the straight face test- This is a series that would likely get a boost if there was a designation for Full Monticello instead of Full Steps- I say this in part because it really borders on being ridiculous that a surface area that is less than about 8% of the reverse creates such a controversy- what about the other 92%?

NIckelCollector

Are the Jefferson Nickels MS 1938-64 considered a serious set yet?

I guess it depends on how you define serious.

If you are looking for a challenging set that will take years to complete, that has many interesting varieties, requires a very focused approach to accumulate a set that is fully struck and has full steps, then the answer is yes.

If you are looking for a series that is very popular with a large number of collectors then the answer is no.

Unknown

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scottgardener

http://coins.ha.com/common/view_item.php?Sale_No=416&Lot_No=1162

I would say that, although they don't have a large following, there are at least a few people willing to pay top dollar for the good ones. This one sold for $17,250.00. Granted, it's the key date among circulation strikes, and it's MS67FS, with pretty toning to boot.

WaterSport

No 5 cent expert here, just an observation. The Lincoln Memorial series is also brought to the forefront as a “demanding”, “challenging”, etc., serious set. Any set is fun for collecting. Just do not expect to make a killing when and if you sell. You will be sorely disappointed.

WS

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yellowjacket

Three years can make a big difference in what price coins in a series will bring.

Previous points are very relavent to these "thinly traded" sets.

Garrow

scottgardener

OK, I grant that 1950-D Jefferson nickels are hardly difficult, compared to, say, a 1911-D Indian quarter eagle (I have no idea how I'm going to finish my quarter eagle set, except perhaps to gut the rest of my collection). But, back in 1989 when I was a young adolescent buying from money made doing yard work in Nacogdoches, a 1950-D was a key date, and the quarter eagle previously mentioned might as well have been minted from unobtanium.

Unknown

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sinin1

3-6 years ago there was a time when Heritage had more than 500 certified Jefferson nickels
listed at auction or BIN

I think they must have certified thousands with the Omaha Bank Hoard

but in last 2 years market has slid 20-25%
and PCGS has gotten consistent/stricter/better at giving FullStep designations


causing frustration for many Jefferson submitters who have many with FS designation
that simply would not make it today


I am not sure your definition of 'serious set', but would like to think they are
comparable to silver Roosevelt dimes or statehood quarters in many ways

for many coins in the series,
top pop ( if low ) may be worth greater than 100 times next lower grade score
and the next lower grade score is not worth submission costs


edit to add
PCGS needs blazing luster
while NGC allows prooflike to get high scores (MS67s)
accounting for why some NGC MS67's would never be higher than PCGS MS65

Lehigh96

I think the Jefferson Nickel series is comprised of two types of collectors. The first is the budget minded collectors who are interested in assembling a set from circulation or a simple BU album collection. As mentioned previously, the series has no stoppers and would be very easy to assemble a nice album collection at a minimum of cost. The second type of collectors are the Jefferson Registry collectors. Depending on the registry collectors choice for full step coins, a complete high end collection will exceed the 6 figure range. The high end registry collector base is pretty scant but so are many of the coins which can lead to very spirited bidding. My personal collection revolves around eye appeal and toning although I do try to incorporate full step examples that don't break the bank. I find it hard to spend thousands more for a coin simply because of a small detail. My latest acquisition should give you an idea of the type of coins I seek.



As others have pointed out, PCGS is almost a full grade more conservative in their grading of high end Jeffersons than NGC but PCGS is more lenient in their application of the full step designation. This makes pricing Jefferson Nickels very challenging. As for whether the Jefferson Nickel set is considered serious yet. The answer is yes, but only by a few people.

leothelyon

My personal collection revolves around eye appeal and toning although I do try to incorporate full step examples that don't break the bank. I find it hard to spend thousands more for a coin simply because of a small detail. My latest acquisition should give you an idea of the type of coins I seek.

But that coin has been designated FS.
Very nice coin, an example not too many including myself don't have. Very nice strike, very few marks, perhaps PL....very nice!


Leo

sinin1

my Heritage sale listing a few days ago hit a new low - only 1 Jefferson listed in auction/sale


I do not see many of the higher grades or top pops selling very often
- you would think on the 20-40 pops, there would be one at auction every few months

the top registry sets seem to have them tied up



the Omaha Bank Hoard added thousands of gems
and the Compradore collection was a great stimulus while it was being built -


I can't wait until JustHavingFun set goes for sale - rumored sometime next year - Wondercoin?

wondercoin

Sinn1 - I think that will happen. I had a chance to view the collection again a few months ago and it is truly incredible. And, there should be a little 'something for everyone' in the set ... amazing coins worth tens of thousands of dollars each down to beautiful coins worth several hundred dollars each.

Wondercoin

CarlWohlforth

Some of those '50s dates are extremely hard to find both superb gem and fully struck, just ask NickelCollector who has a simply awesome collection or Leo who has spent years looking for really well struck coins.

I personally stick to full step Jeffs from 1956.

I did do the '38-'64 Proof Jeff set. That is a shorter set being only 1 coin per year for most years. 1964 is an excellent cut off date for proofs because there were no proofs in 65.

I just bought a '56 Jeff with full steps. It is also a Deep Cameo proof.

leothelyon

Thanks Carl! Speaking of Frank's collection, many of his coins, along with several coins from MikeD and a few of mine, side by side comparisons of every date from 1938 to 1949-S can be seen at the following link. Come winter when I'll have more time, dates from 1950 to 1970-S will be added.


Leo

melikecoins

Jefferson nickels are what started me collecting coins

I looked at what FS nickels cost and took a run with them

They paid off big

Glen

Griv

<< <i>Not an expert- this is a series that is in its own league due to an imposed Full Step designation which for a whole host of reasons does not pass the straight face test- This is a series that would likely get a boost if there was a designation for Full Monticello instead of Full Steps- I say this in part because it really borders on being ridiculous that a surface area that is less than about 8% of the reverse creates such a controversy- what about the other 92%? >>



It's because the steps are opposite to the lowest part of the obverse, they receive the least pressure. Also, the Mint over-used nickel dies which is a difficult metel to mint in the first place. The question I have is FS for five steps or FS for full steps (6)?

Griv

<< <i>As others have pointed out, PCGS is almost a full grade more conservative in their grading of high end Jeffersons than NGC but PCGS is more lenient in their application of the full step designation. This makes pricing Jefferson Nickels very challenging. As for whether the Jefferson Nickel set is considered serious yet. The answer is yes, but only by a few people. >>



I don't know, I have not been able to get a FS out of several ANACS and NGC FS grades nickels. The last two DNC with 67FS designations even to 66FS. I'm going to friggin crack them out when they get back. Lately nothing seems to cross without a 2 grade drop. What the heck is up with that?

clackamas

Personally I think the set should go from 1938-1970. They changed the master hub for 1971 so they look much different and are easier to find in full step.

leothelyon

<< <i>Personally I think the set should go from 1938-1970. They changed the master hub for 1971 so they look much different and are easier to find in full step. >>



While the proposed date range is correct, most collectors would never see a FS example for many of those dates. Come to think of it, most collectors will never see many of the 1938 to 1964 dates in FS either.


Leo