Help selling a pop 1/0

Blade · June 8, 2006 7:32AM

Hi all,
Can use some advice here. About 6 months ago, I purchased a set of beautifully toned Jefferson nickels. I bought the full set from a dealer for $180. They have cool colors on the obverse (blue, greens, golds) and about 75% have concentric rainbow reverses. So I went through and convervatively graded them, and sent in a couple test coins. I got an MS65 FS from PCGS and on a nicer coin an MS66 FS from NGC.

I just got back the grades from NGC on my batch of the top 18. There are some great grades in there. A few are approx. pop 20/0 or so, one is a pop 2/0 NGC / pop 8/0 PCGS. Heritage has sold a few of those for $1,000-$2,000.

But one coin is a 1952-D in MS67 Full Steps. It is the single highest graded coin at both NGC or PCGS, so according to the plastic this coin is the best one graded. The PCGS price guide lists the price for an MS66FS ($800) but it has no price for this coin. To top it off, it has beautiful toning. How do I put a price on that? I want to sell it and use the funds for other parts of my collection. Where should I sell it? Heritage?

Thanks much!

airplanenut · June 8, 2006 7:34AM

Congrats! Sounds like an auction piece to me.

Petarded · June 8, 2006 7:35AM

Blade....post a good image of it, and the Jeff guys will be able to help you. Shame it isnt in PCGS plastic...but first things first...post a good image of it here.

MarineEAS1999 · June 8, 2006 7:39AM

<< The PCGS price guide lists the price for an MS66FS ($800) but it has no price for this coin. >>

That's because you haven't crossed it over yet.

Nice going.

MadMarty · June 8, 2006 7:39AM

Try crossing it first. If it crosses, it's moon money!

BlindedByEgo · June 8, 2006 7:44AM

<< Try crossing it first. If it crosses, it's moon money! >>

I would do the same, then pack it off to Heritage.

Congratulations!

keets · June 8, 2006 7:57AM

A few are approx. pop 20/0 or so, one is a pop 2/0 NGC / pop 8/0 PCGS.

i think it's important to remember that the grading of this series from NGC and PCGS is markedly different in both how they view/attribute the steps and in the numerical grades that are assigned. add to this the fact that over the course of the last few years it's very disturbing(to me at least) in the number of coins that have flaws in the steps which in my mind preclude the designation and pricing can be very speculative and hard to predict. on the plus side of the equation, in the top Full Step grades such as 66FS and 67FS many issues are available in such low numbers and that they usually draw interest and sell strong.

depending on just how greedy you are, how determined you are to realize the highest dollar amount and how quickly you need to turn the coins around, there are a couple ways i could think that would serve you well.

1. get the best pictures you can and post at the BST with realistic prices. you should be able to do some searching at various sites for prior sales as well as basing a price on an extrapolated price and similar date/grade issues when nothing else is available. remember that going this route will save you the auction seller fees.

2. contact someone like Wondercoin or Andy at AngelDee's and start the process of arriving at a bulk sale price. they should know some realistic pricing and pay fairly.

3. get in touch with Heritage and consign them for the ANA auction.

Whizzard · June 8, 2006 8:16AM

Show us!

Bochiman · June 8, 2006 8:24AM

Tom,

Ask your question on the registry forum....likely to get a few replies there from folks that play the registry game....
(just don't offer to sell NGC slabbed items for the registry there as I think that is frowned on by PCGS)....

Blade · June 8, 2006 8:28AM

All,
Great ideas! Let me absorb them when I get home.

I don't yet have pictures. The grades were posted on NGC's site. I'll see the coins in about a week and can post then.

keets · June 8, 2006 8:35AM

it continues to amaze me that non-Jefferson collectors are the ones who seem to come by this type of material, exactly the collectors who don't want the coins and don't truly appreciate them.

it only re-inforces my favorite saying------I'd take good luck over mediocre skill any day!!!

stephunter · June 8, 2006 8:59AM

Congrats, nice score. Just for reference I sold a 52-D Pcgs MS66FS for about $600- a year ago.

Russ · June 8, 2006 9:13AM

<< I bought the full set from a dealer for $180. >>

Russ, NCNE

pontiacinf · June 8, 2006 9:23AM

<< it continues to amaze me that non-Jefferson collectors are the ones who seem to come by this type of material, exactly the collectors who don't want the coins and don't truly appreciate them.

it only re-inforces my favorite saying------I'd take good luck over mediocre skill any day!!!

>>

You noticed that also Al? Lord knows Ive plenty of jefferson treasures, but they were not obtained this easily. I can only thank god I started buying jefferies in 98 when they were "un-noticed"

Blade · June 8, 2006 10:39AM

Hey - who said mediocre skills? I guess I qualify cince I graded almost all of these coins MS64-65 and I got almost complete 66-67s. Even one with huge dents on Monticello, that I put at best a 63 but had some of the best toning. It came back a 66. Maybe there is market grading involved. Go figure. But I was surprised I didn't get any with star designation. A couple looked like those Appalachian coins.

Honestly, I bought the set to keep because I thought it was cool. The album is tan plastic and each coin was in a clear plastic "cointain" like holder. The problem was that the coins were pressed into the plastic as the circumference decreased at the bottom. Impossible to get out with your handle. So when I decided to sell, I had to use "nippers" pliers and cut the platic on each one while I held my breath. I only damaged one coin - my second one and it was lower grade (I started with the cheap ones first in case I did that). I still have 25 or so toned ungraded ones that I didn't think worth to send (MS62-64 in my opinion) but given these results I will give some a try and sell the rest for fun. All pretty coins, just not as nice as these.

Coxe · June 8, 2006 10:47AM

Try to cross it to PCGS. You might fetch a great price in a chat auction among folks around here as some are likely to be among the stronger bidders in an auction anyway and you can gain that 20% juice edge and get payment faster. Otherwise, Heritage is a good venue as is ANR. If you take al those FS Jeffs there, you might negotite better terms with respect to fees and reserves.

Numismanic · June 8, 2006 10:48AM

Heritage!

RR · June 8, 2006 10:57AM

Darn, Tom, I about flipped when I read your post about the 52-D until I realized it was NGC.
That's my mint set Registry and would love to have that one if it crossed.

RR

Blade · June 8, 2006 11:00AM

I'll try to cross it, but let's be honest...

NGC plastic
Highest single pop at either service

No way in hell that thing is going to cross even if it was really an MS69FS. I'll burn the $50 for a shot at it, but I'm putting the chance of cross at .000001%.

clackamas · June 8, 2006 11:02AM

If you could get in a PCGS holder a POP 1/0 67FS 52-D would probably be an $8Kish coin.

Blade · June 8, 2006 11:20AM

How about NGC? Would it drop in value back to the PCGS 66FS?

RR · June 8, 2006 11:31AM

Would it drop in value back to the PCGS 66FS?

Yes, to $750-800.

RR

ms70 · June 8, 2006 12:33PM

That's an incredible story! Congratulations on an outstanding purchase & good luck with the sales!

Connecticoin · June 8, 2006 12:38PM

That is a major YOU SUCK!!, one of the best cherrypicks from a dealer I have ever heard on these boards.

Blade · June 8, 2006 12:45PM

Yeah, it was a fun one. Best pick in 4 years collecting. Our own lincolncentman purchased some raw toned mercs at the same show location about 6 months before my deal. Tonekiller was also picking them clean before I ever showed up. It's a small group of 25 dealers, but every now and then they find some nice stuff and don't really know the value. Anyway, lincolncentman picks up these 5 beautifully toned mercs for something like $40 each. He sent all to PCGS. 2 came back MS68FB and 3 MS67FB. They were just awesome.

And no, I won't tell you guys where we are located

But check out your local shows. You never know what you will find!

LincolnCentMan · June 8, 2006 2:26PM

PCGS grades:
1940 67FB
1940 67FB
1940-D 67FB
1940-D 68FB
1940-S 67

Three were sold in a PDS set to a board member. He sent them in for grade review, the 40-P upgraded to 68FB.

David

LincolnCentMan · June 8, 2006 2:28PM

BTW... the irony is, I looked at the nickels about 15 minutes before Blade bought them. It was on my "go back to" list after making the first pass. What goes around comes around. lol.

David

solid · June 8, 2006 2:59PM

Sounds like a great pickup! I'd love to see some photos of the better toned pieces
when you have the opportunity.

Were these in a Dansco album? Was there any significant difference in the way the
War nickels toned compared to the standard issues?

Ken

Blade · June 8, 2006 11:00PM

Ken,
Funny you ask. I can't see them toning this way in an album that is completely hard plastic. So they must have been removed and put into this album. Maybe 5 or so of the pure nickel ones are not toned. The war nickels were virtually untoned, but some had a light gold color. A couple had light spots, but they weren't significant. I sold them to another board member here I met at a show for $10 each. He is a great guy so I didn't mind doing the deal. Now that I have the grades on the others, I'll bet his are equally nice (MS66 average with some FS).

cupronik · June 9, 2006 12:43AM

If I had "made" this coin:

I would attempt to cross it over at PCGS and, regardless whether it crossed, consign it to a Heritage
Signature sale.

Such a coin as this NGC MS-67FS 1952-D 5c may realize a price that amazes even the experts.

Witness the 1961-D NGC MS-67RD Lincoln Cent that sold for $862.50 (netting the seller $750) in a
recent HRCG auction. You KNOW that PCGS wouldn't cross this coin, yet the auction result is
surprising IMO (i.e. I would be elated to realize that amount!)

Good Job, Blade!

centmaster · June 9, 2006 1:04AM

It also has to do with how strong the steps are, since the chances of PCGS giving a 67 is out of the question. If the steps are no question full, then it would probably bring much more money at auction with the feeling that it would be a very PQ 66FS coin at PCGS. If the steps are a question, then it may bring "PCGS 66 no steps" money.

cupronik · June 9, 2006 1:32AM

Blade · June 9, 2006 1:32AM

No way this will sell for MS66 no-FS money. That is about $40.

cupronik · June 9, 2006 1:46AM

After visiting HRCG auction archives to scan other registry quality issues from mid to latte, no, late
(I'm wired on regular starbucks, not fancy-schmancy, fu-fu caffeine) 20th century, I am reminded
of what a great friend and fellow coin dealer has said many times before. This is in regards to the
bulk submission of Morgan & Peace Dollars. His quote: "An NGC MS-65 is worth more than a PCGS
MS-64." I agree and, thus, NGC was the service of choice when submitting bulk lots of prescreen
silver dollars.

This philosophy is mostly true for top-pop modern registry set issues as well. Grade-for-grade PCGS
rules. But I have noticed (again, in regards to TOP-POP MODERN REGISTRY ISSUES) NGC MS-67
brings more than PCGS MS-66.

TwoSides2aCoin · June 9, 2006 2:34AM

<< If you could get in a PCGS holder a POP 1/0 67FS 52-D would probably be an $8Kish coin. >>

A wise man once told me. It ain't worth nothin' unless ya got a willing buyer.

You don't need help selling this one, Blade.... OFF TO EBAY

LincolnsRule · June 9, 2006 12:54PM

I'm sure your 52-d is very nice, but with ngc, you mine as well consider the coin raw (and pcgs stinks too).

Example

roadrunner · June 9, 2006 1:20PM

Considering that PCGS has graded 0 of these so far, it makes the NGC 67's as the "top pops" for now. And as such worth considerably more than PCGS 66's. The nicer it is, the closer it comes to approximating what a PCGS 67 would bring.

roadrunner

LincolnsRule · June 9, 2006 1:52PM

Not on Jeffersons RR. NGC ms67's usually won't even cross to ms66 at pcgs.

leothelyon · June 10, 2006 2:14PM

<< Hey - who said mediocre skills? I guess I qualify since I graded almost all of these coins MS64-65 and I got almost complete 66-67s. Even one with huge dents on Monticello, that I put at best a 63 but had some of the best toning. It came back a 66. >>

Interesting thought you had there! But anyway, the following link shows 3 coins that I grade MS66FS, MS65 and MS65FS. The last coin is lustrous with a ray of light pastel toning that has been impossible to capture. Enjoy the pics!

1952-D's

Leo

Blade · June 10, 2006 3:52PM

LincolnsRule,
I agree, that NGC coin is a POS. Can't even see the steps! Not sure how that got through.

For anyone interested, here are the rest of the grades:

Line
Item NCS
Line Item Year Mint
Mark Variety Denom. Proof Grade Strike
Char Comments
001 1938 D JEFFERSON 5C MS 67 5FS
002 1938 S 5C MS 64
003 1939 REV OF 38 5C MS 66
004 1939 D REV OF 38 5C MS 67
005 1939 S REV OF 38 5C MS 66
006 1940 5C MS 66
007 1940 D 5C MS 66
008 1941 D 5C MS 66 5FS
009 1946 5C MS 65
010 1948 D 5C MS 66
011 1952 D 5C MS 67 5FS
012 1953 5C MS 66
013 1953 D 5C MS 67
014 1954 D 5C MS 66
015 1958 5C MS 66
016 1958 D 5C MS 65
017 1960 5C MS 66
018 1960 D 5C MS 66

stephunter · June 27, 2006 6:50AM

<< I'm sure your 52-d is very nice, but with ngc, you mine as well consider the coin raw (and pcgs stinks too).

Example >>

I saw that 54 at the ANR auction and it is a p.o.s. It was not a full step coin or a MS66, it is a $10- coin in a $1,000- holder.

DennisH · June 27, 2006 7:07AM

Wow... the scan makes that coin look VERY non-FS, and pretty 63/64-ish with that big horizontal mark.

bigMACnoCheese · June 27, 2006 7:51AM

if that 54 is a FS 66, then what is my coin?

I think this easily beats it.

stephunter · June 29, 2006 5:19AM

<< if that 54 is a FS 66, then what is my coin?

I think this easily beats it. >>

Sorry, not enough detail in the picture to give an opinion.

RoelSports · June 29, 2006 6:10AM

PCGS blah blah blah...Heritage and watch the registry guys fight for it...if the coin is great, NGC will fetch a handsome price...scr

Blade · July 28, 2006 8:06AM

Just reading my older post. This is what Lincolns Rule had to say:

Not on Jeffersons RR. NGC ms67's usually won't even cross to ms66 at pcgs.

So what do you say about an NGC MS67 crossing to PCGS as an MS67 pop 1/0? Trust me, I was amazed too.

Help selling a pop 1/0

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

My Jefferson Nickel Collection

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