Jefferson Nickel sells for over $10,000

coolest · June 27, 2008 3:54AM

1942 D over D PCGS MS65, sells for $8500 + 20%
even an AU55 example almost hit $1000 (sold for $750 + 20%)

Are Jefferson's getting hot?

Anyone know what the 46-D over D coin might be selling for at various graded?

http://cgi.liveauctions.ebay.com/ws/eBayISAPI.dll?ViewItem&ih=007&sspagename=STRK:MEWA:IT&viewitem=&item=170227557781&rd=1

SirAnthonyAC · June 27, 2008 4:04AM

I would think it's just a rare version of the coin to begin with and it's even tougher to find in higher grades.

There are quite a few in high grade but, many are in the hands of collectors... when a high grade appears for sale... those 'in the need of one' jump on it.

BECOKA · June 27, 2008 4:06AM

Not sure if they are hot but it's supply and demand so one or two blips don't make a demand. If there is consistency over the next year then there is demand.

keets · June 27, 2008 4:07AM

'42-D/Horizontal D.

dbldie55 · June 27, 2008 4:13AM

Looks like it sold for 8500 +15% (9775).

A couple 1946 D/D were in the same sale and sold for ~4400.

coolest · June 27, 2008 4:17AM

<< Looks like it sold for 8500 +15% (9775).

A couple 1946 D/D were in the same sale and sold for ~4400. >>

My bad! Jefferson nickel sells for almost $10,000

keets · June 27, 2008 4:19AM

1942-D/Horizontal D and 1946-D/Inverted D are the two rarest MM errors in the Jefferson series and perhaps the two rarest major die variety coins from the Modern era. they are certainly many multiples rarer than a coin like the 1955 Doubled Die Lincoln Cent but the Cent is immensely more popular, recognized and scores higher on the "Cool" scale. with die variety coins like these Jeffersons, it's all about recognition and collector base. FWIW, the two varieties in question were known to very few people until perhaps the past 5-15 years which has been a very aggressive time for variety collecting. certainly they were known for quite some time but until recently noone cared about them and they were rather cheap.

also, until recently there was still doubt as to the validity of the 1946-D since some speculated that it was a die chip and not an OMM. once you see a nice clear Mint State coin you understand it's clearly an inverted "D" under the normal MM, but the skepticism has held the coin back. it's generally accepted that the 1942-D is the rarer of the two, but i see it otherwise. they are nice coins if you can find them but the days of buying them on the cheap are gone.

dbldie55 · June 27, 2008 4:25AM

I always thought they referred to the 1942 as being rarer than the 1946 in regards to Mint State examples, which is very clear in the pop reports.

RichieURich · June 27, 2008 4:35AM

I agree with Keets. I believe the 1946-D/inverted D is rarer than the 1942-D/horizontal D in Unc. grades, and the 1946-D/inverted D is WAY rarer in circulated grades.

keets · June 27, 2008 5:09AM

certainly the PCGS pop report tends to bear out the fact that the 1942-D is rarer(less known) in Mint State grades, especially so in Full Steps, but sales records from Heritage don't seem quite as convincing. NGC shows a pop for each close to equal and i'd be interested in knowing what ANACS/SEGS show, but i don't have access to their graded pop information. it's always struck me as strange that the 1942-D/D circulated so much to give us such a large number of lower graded coins, while at the same time virtually every known 1946-D/D is Mint State. i perceive that to mean there were more 1942-D/D struck than 1946-D/D. further, both issues were well struck and are relatively easy to find in Full Step Mint State grades; thePCGS pop report shows the 1942-D to have approximately 1/3 more coins graded as Full Steps.

maybe the 1946-D die that struck the OMM's simply had a longer lifespan than it's 1942-D counterpart. whatever the reason for the poips as they are currently listed, my instincts tell me that the 1946-D/Inverted D is the rarer coin in all numbers, Mint State or circulated

DennisH · June 27, 2008 5:12AM

In January 2006 a 1942-D/D in MS64FS PCGS sold for $32,200 in a Heritage auction.
In September 2006 a 1950-D in MS67FS PCGS sold for $17,250 in a Heritage auction.
In September 2006 a 1942-D/D in MS65 PCGS sold for $14,950 in a Heritage auction.
In January 2007 a 1942-D/D in MS65 PCGS sold for $12,650 in a Heritage auction.
In June 2004 a 1942-D/D in MS63FS PCGS sold for $12,075 in a Heritage auction.
In February 2006 a 1946-D/D in MS66FS PCGS sold for $11,500 in a Heritage auction.

keets · June 27, 2008 5:26AM

Dennis, please expain??

DennisH · June 27, 2008 5:54AM

Some folks seemed surprised that a Jeff recently came close to selling for $10K, so I looked up the highest Jeff prices I could find in the Heritage archives in order to make the point that $10K is neither new nor overly extraordinary.

FullStepJeffs · June 27, 2008 6:24AM

I agree with Keets...

And I believe you will see many Jeffs go for more than 10K this year. Especially when JHF's set sells.

Steve

sinin1 · June 27, 2008 7:15AM

I think some regular business strikes have hit that

coolest · June 27, 2008 7:40AM

<< In January 2006 a 1942-D/D in MS64FS PCGS sold for $32,200 in a Heritage auction.
In September 2006 a 1950-D in MS67FS PCGS sold for $17,250 in a Heritage auction.
In September 2006 a 1942-D/D in MS65 PCGS sold for $14,950 in a Heritage auction.
In January 2007 a 1942-D/D in MS65 PCGS sold for $12,650 in a Heritage auction.
In June 2004 a 1942-D/D in MS63FS PCGS sold for $12,075 in a Heritage auction.
In February 2006 a 1946-D/D in MS66FS PCGS sold for $11,500 in a Heritage auction. >>

Wow! I think for the 50-D I will settle for an MS66FS example for about $75. I just saved over $17,000 Whoo Hoo!

oldnickelman · June 27, 2008 9:34AM

Amazing the prices on the two dates being talked about, but what about the 58-D/horz D? There are only about 6 of those known in MS. I would say this is even a rarer date.

leothelyon · June 27, 2008 9:51AM

There were 3 1942-D/horizontal D's sold, a MS64 $5462, a MS65 $9775 and a MS63FS $8050. If their were 3 buyers who got the better deal? or Which was the better coin?

Leo

TexasNationals · June 27, 2008 10:01AM

1953 D/D Horizontal do you mean?? I have one in MS

leothelyon · June 27, 2008 10:09AM

<< 

<< In January 2006 a 1942-D/D in MS64FS PCGS sold for $32,200 in a Heritage auction.
In September 2006 a 1950-D in MS67FS PCGS sold for $17,250 in a Heritage auction.
In September 2006 a 1942-D/D in MS65 PCGS sold for $14,950 in a Heritage auction.
In January 2007 a 1942-D/D in MS65 PCGS sold for $12,650 in a Heritage auction.
In June 2004 a 1942-D/D in MS63FS PCGS sold for $12,075 in a Heritage auction.
In February 2006 a 1946-D/D in MS66FS PCGS sold for $11,500 in a Heritage auction. >>

Wow! I think for the 50-D I will settle for an MS66FS example for about $75. I just saved over $17,000 Whoo Hoo! >>

I haven't checked on the others

but the 50-D took a $10,000 hit if it sells at the asking price. If the June 2004 1942-D/D in MS63FS that sold for $12,075, is the same MS63FS coin that just sold, it too took another $4000 hit. And what about the MS65 example? Is it the same coin? Or the 46D/D? Are collectors bidding more conservative these days?

Leo

TexasNationals · June 27, 2008 10:19AM

I just bought a 1946 D/D inverted in MS-65 PCGS for pennies on the dollar, this coin will only go up!!!

keets · June 27, 2008 10:43AM

i would have to agree that the selling price of the '46 has nowhere but up to go, but i'd figure a price in MS65 at closer to $1500-$2000 instead of the crazy levels they're selling for right now. thinking about what Leo had to say, i wonder if any of these are the same coins?? with such low pop numbers it's likely someone lost money. also, i get nervous, skeptical and suspicious whenever low-pop coins sell for ever increasing prices in a short time frame.

NIckelCollector · June 27, 2008 10:52AM

There were 3 1942-D/horizontal D's sold, a MS64 $5462, a MS65 $9775 and a MS63FS $8050. If their were 3 buyers who got the better deal? or Which was the better coin?

Leo

Personally I liked the MS63FS which was the coin I owned previously - nice strike and clean steps.

So who outbid me on this coin last night?

1943/2-P 5C MS67 Full Steps PCGS....
Lot 538 PCGS MS67 -- Sold For: * $16,675.00

Frank

leothelyon · June 27, 2008 10:55AM

<< I just bought a 1946 D/D inverted in MS-65 PCGS for pennies on the dollar, this coin will only go up!!! >>

Very good!

Leo

leothelyon · June 27, 2008 11:26AM

<< There were 3 1942-D/horizontal D's sold, a MS64 $5462, a MS65 $9775 and a MS63FS $8050. If their were 3 buyers who got the better deal? or Which was the better coin?

Leo

Personally I liked the MS63FS which was the coin I owned previously - nice strike and clean steps.

So who outbid me on this coin last night?

1943/2-P 5C MS67 Full Steps PCGS....
Lot 538 PCGS MS67 -- Sold For: * $16,675.00

Frank >>

The FS coin also helps you get closer to 100%. The MS64 coin was a little more cleaner with presentable steps. The strike showed more detail then the MS65 coin which only had luster and unmarked surfaces going for it making it only a Q2 quality coin. In my book, a coin with less than a full strike can't grade higher then MS64 unless there is something extra nice about it, like toning or prooflike fields.

Don't know who did the outbidding but whomever it was, he didn't particularly like the 50-D.

IMO, me thinks PCGS might see a few of those coins.

Did you buy to a coin for a review? That's the new rule, you know! Everybody got to do it at least once in their lifetime.

Leo

P.S. You do know who has the best overall struck Jefferson nickel collection.

stephunter · June 27, 2008 4:47PM

I like the 46 d/d also:

georgiacop50 · June 27, 2008 10:33PM

I have never found a 1942 d/d unc, but have found 3 or 4 1946 d/d's. In circ condition, their respective scarcity seems to be reversed reversed. Or

perhaps I just don't bother to look closely at circulated 46-D's?

cmerlo1 · June 27, 2008 11:28PM

In 15+ years of looking, I've found 3 circulated 1942-D/D's, and not a single 1946-D/D...

larrynj · June 28, 2008 2:50AM

these are not omm - overmintmarks, but rpm's repunched mintmarks. a bit more dramatic than your usual rpm, but still just an rpm.

i may be i little bitter about these since i chose not to include rpm's in my collection started 30 years ago. i went with the 49d/s,54, 55 omm's. guess i missed the boat.

Jefferson Nickel sells for over $10,000

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

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

My Jefferson Nickel Collection

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