What would you grade this 1983-d nickel? (warning: some complaining inside).
AllCoinsRule
Posts: 2,442 ✭✭✭✭
https://greatcollections.com/Coin/568156/1983-D-Jefferson-Nickel-PCGS-MS-66-FS
That was my duplicate coin I sold in that auction for about $1000 a few months ago. In addition to the marks upper reverse it has a counting wheel scrape on the obverse. I got a nicer one last year. I am holding on to a lot of my duplicate coins that I feel may be undergraded but didn't think there was any chance this one was, not even a 66+fs. (I also did pretty poorly last year on resubmitting some nicer nickels that I did deem upgrade candidates).
Anyway...
https://greatcollections.com/Coin/602312/1983-D-Jefferson-Nickel-PCGS-MS-67-FS
The price guide put it at $7500 (although I doubt it'll get anywhere near that). Now I'm not just watching my top pops lose their status, but lose their status to my own duplicates.
Comments
The grade on moderns is whatever the slabbing service gives it at the moment. The plastic (assuming the coin hasn't "turned" in the holder) is all that matters when it comes to the grade.
So far as market value goes, you better hope there are at least two very serious and very wealthy bidders in the auction.
Whatever it brings, take the money, be happy and don't look back.
Is this the kind of thing you want to be holding long term? Think about it.
Must have been submitted by on of the "right" submitters.
I am surprised the buyer got it upgraded, as people are saying grading has tightened up. I wonder if bidders will be able to tell it sold a few months back for $1.13 K in 66 plastic.
Dangerous game, buying top pop moderns. Another thread addresses the same issue with Sac's.
It's hard to tell from that picture but with the big bump for the date MS-66 FS doesn't seem too inappropriate. If I were buying I'd feel a little more comfortable with MS-65 FS.
As a matter of fact, it is exactly the kind of thing I'd want to hold long term.
There simply aren't any other US coins that have any fundamental reason to have large increases in demand. There are reasons most other US and world coins can have large decreases in demand.
I wouldn't buy it for investment but I certainly would sell most everything else first.
...And once I get rid old Jeffersons, I will have.
Holy moly you got a $$$$ 1000.00 from 1 nickel! I am going to hit my change piggy bank.
You won't find a MS65 or better coin in circulation. You need to find souvenir sets which are as scare as hens teeth. Any you may find have most likely been pick over.
Thank you djm I saved about 55 pounds of loose change ( quarters, nickels. dimes, and pennies ) for when I retire to go through each one looking for some thing rare.
I can see where this would really REALLY vex you!
Is this a test of a comedy routine for the ANA Banquet? It should bring the house down with laughter!
I gave up on Mint State Jefferson Nickels quite a while ago, sold the coins I had and did OK to just focus on the pre-1970 Proofs. I wasn't as bothered by the numeric grades as I was by the inconsistent and poor step designating. this coin looked right as an MS66 but the lighting used by GC makes it next to impossible to discern the fifth step. I lean toward incompletely struck.
as cladking said, this is a good date to put back in a properly grade MS66FS PCGS holder, the trouble is in finding one. I still look at Jefferson Nickels and there are four dates that I think are long term winners if they can found --- 1982-P, 1982-D, 1983-P, 1983-D and my personal "sleeper" date of 1950.
It sold for $5,250 Hammer ($5,906.25 with Buyers Fee).
Hard to watch roughly $4k get made with a simple resubmit of your coin I would imagine. I can't imagine how that guy with the gold coin on the message board last week that got dipped and resold for + $24k profit? felt.
"You Suck Award" - February, 2015
Discoverer of 1919 Mercury Dime DDO - FS-101
That's why I just sell them and never look back.
I like the 1950 in every grade except MS-60 and lower than VF. High grades seem pretty tough circ or Unc.
Wow, interesting !!!
It's a rich man's game. I agree, decent 82's & 83's are as rare as hens teeth.
"Keep your malarkey filter in good operating order" -Walter Breen
I have made a lot of ms67 FS and tough jeffersons over the last year or so. This coin does not say ms67 to me...
Any interest in selling for MS66 money?
(Just kidding) It may be worth trying this coin again.
I have made similar mistakes. I had a NGC MS66* toned Washington quarter with a green CAC sticker. It was a solid 66, but not high end. Imagine how angry I was with myself to find out that it was color bumped to MS67 by our host and sold for a few grand more (like 3-4x what I sold it for) after I sold it. I learned a lot from that about our host's grading that I will never forget. I wish it was the only time I wasn't the one getting the upgrade. Sometimes it takes a few submissions to get it in the "right" plastic.
Wow... I have new respect for the Jefferson nickel...I need to check some old sets..might be a 'treasure' lurking there....
Cheers, RickO
Ok........since I don't have anything good to say about the OP coin.....here are a few of mine.
So....I guess one of the above coins should grade MS68 according to the standards they used for the OP coin. Marks on focal point of cheek and in the fields....both sides and it graded MS66? No wait....MS67 and FS? This is good news......right?
Ok....so there are some scuffs on the steps below but I don't care, nice strike and colors (blue and gold) which I didn't capture.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
For that kind of money I would be looking at old gold. Condition rarity does not appeal to me. Just my opinion, but that's what makes collecting interesting. Different people are attracted to different venues.
I sold an Uncirculated roll for about a hundred$. Made me feel good. The buyer was happy too. I hope he or she scores with what's inside.
If the grade does not fit, you must resubmit.