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1971S Proof No S Jefferson
petersolson
Posts: 18
I was fortunate enough to pull one of the 1971S Proof No S Jefferson Nickels from a proof set I bought unopened for $6 a few years ago. It is currently encapsulated in a NGC holder, graded Cameo PF67. A couple of questions for the board:
1. (See photos) Is there an advantage to crossing over to PCGS with this coin? Will it hold its grade?
2. I am not particularly interested in nickels, and would prefer to reinvest the proceeds from this coin into other areas of my collection. What is your advice on how and where to market it?
3. With the new nickel designs seeming to be very popular, will the rest of the series pick up in value making this coin worth holding on to?
Thanks in advance.
1. (See photos) Is there an advantage to crossing over to PCGS with this coin? Will it hold its grade?
2. I am not particularly interested in nickels, and would prefer to reinvest the proceeds from this coin into other areas of my collection. What is your advice on how and where to market it?
3. With the new nickel designs seeming to be very popular, will the rest of the series pick up in value making this coin worth holding on to?
Thanks in advance.
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Comments
It looks good and was a great snag.
It's difficult to tell from the picts if it will cross.
This might be the easiest of the no-S proofs but is still quite unusual. These
have enjoyed some price appreciation in the last few years but nothing really
spectacular. At some point in the future it could do extremely well but it could
take some years.
You can post on the Buy, Sell and Trade board here to solicit offers or sell it a fixed price you deem fair or, there is always eBay, a crap shoot.
There is already demand for your no S, heck of a buy price by the way, so I don't really see the Jeff changes pumping it up much.
Please join us when you can!
The Ludlow Brilliant Collection (1938-64)
<< <i>Is there an advantage to crossing over to PCGS with this coin? >>
It would bring substantially more money at the same grade in a PCGS holder.
<< <i>Will it hold its grade? >>
It is not possible to make that determination from an image. You have the coin in hand. What do you think?
Russ, NCNE
Nice find.
It would be worth more in a PCGS slab. Maybe a couple of hundred as a guess.
When you submit a coin to PCGS to cross over from another service you can specify a minimum grade (PR67CAM). If it meets or exceeds your minimum grade they will holder it, otherwise it will be returned in the original holder.
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since 8/1/6
it's hard to beat a nice score like that, nothing but upside!!!! to answer the questions:
1. with a key coin in the Jefferson Proof series like this, it would probably sell just as well in either holder at the same grade. the "fly-in-the-ointment" from my perspective is that the coin probably wouldn't hold PR67CAM at a crossover attempt, especially at the present time. i see it as a PR66-PR66CAM from the pictures you linked.
2. if it were my coin, i'd send it to NGC-via-NCS where it would be possible for the reverse mirrors to be brightened, the reverse Cameo apearance enhanced and some of the scattered obverse flyspecks might be diminished. the best improvement would be a new holder because it would remove any perception of those marks being hairlines on the coin and give a buyer a better "look" at the coin's surface quality. NGC would also hold the grade or compensate you for any difference. perhaps a phone call to NGC/NCS customer service would help.
being a nickel guy, i'd keep it, but selling for you should be easy. as a PR67CAM it should sell between $800-$1000 and since you're only into it for about $30 so far, the additional cost would be negligible and in the end, well worth the effort in added value at selling time.
3. key dates are always good for the long haul. with the 1971 No "S" Jefferson, PR67/PR67CAM/PR68/PR68CAM seems to be the average grade for the issue, at least the coins that i see offered tend to fall in that range. that price has been stagnant for the past five years, but then they don't come up for sale often. the series as a whole has been climbing and should do well once it's officially a closed series------it already is in my opinion, has been since the issued the Peace Medals.
Judging from those images I would guess that the coin won't make Cameo these days. So I would just leave it alone, or perhaps, follow Keets advice and go the NCS with NGC grade guarantee route. That way if NGC downgraded the coin they would compensate you. Since it is a scarce coin I personally would leave it alone. I might try to polish up the holder a bit, Brasso works to reduce the scratches on the slabs.