I have seen examples of certain dates that are very well struck for the date and are given little attention because the coin is not worthy of a FS designation, not because of the strike, but because of a very minor nick on the steps that compromises an FS designation. The problem that I have is this... there are coins with a FS designation that really are not all that great in terms of the overall strike and appearance. I am of the view that there is far too much emphasis on an FS designation that makes such a deaignation nearly unworkable for the entire series... especially those in the 1965-1970 time frame.
Experience the World through Numismatics...it's more than you can imagine.
Michael-----a high end MS66FS should sell at $150 and up, depending on the vaugaries of the grade and the interested parties.
I have seen examples of certain dates that are very well struck for the date and are given little attention because the coin is not worthy of a FS designation, not because of the strike, but because of a very minor nick on the steps that compromises an FS designation. The problem that I have is this... there are coins with a FS designation that really are not all that great in terms of the overall strike and appearance. I am of the view that there is far too much emphasis on an FS designation that makes such a deaignation nearly unworkable for the entire series... especially those in the 1965-1970 time frame.
coinkat-----the reason for the things you mentioned are almost exclusively related to the strike.
it's undeniable that the deepest parts of the Jefferson Nickel die relate to the step area and the jawline/ear area of the obverse portrait. on almost all clean coins which fail to achieve the Full Step designation due to stike, the deficiencies are easily seen in these areas of the coin, primarily at the third pillar-steps 4-6. for coins which fail to achieve the designation due to flaws in the steps, why should they be designated with a flaw?? as to coins with the designation that have an overall weak strike, imagine if you will that a die is used to strike 20k planchets and then the press operator makes an adjustment. suddenly, the overall detail looks slightly mushy from wear but the step detail is crisp simply because that part of the die hadn't really struck metal yet.
coupled with the fact that the Master Die used to make the workers was worn, it's easy to see that things weren't very pretty for the denomination by the 1960's. then the Mint compounded things by having poor quality control and not really being interested in producing a quality product. things finally got better in the early 70's when the dies were reworked and the design somewhat modified several times.
using a strike designator from a low point in the die would be meaningless since essentially every coin would be fully struck from that perspective. the problem as i see it is that the Mint just put out a poor product for many years. as you can see from the current issues, almost every coin has fully struck surfaces.
"<< I can think of 4 people that are thrilled with the auction results - the seller and the owners of the other three."
I've got one of the remaining 3 coins in my #18 Jeff set - an accumulation of high quality Jeffs many of which I purchased a year or two ago when a collector I sold some coins to (including the 1950(d)) desired to let them go. The quality of my 1950(d) MS67FS is lovely, but, I never considered it to be a $17,000 coin and still do not. The undergrade coin is worth $100-$200. 170x jump between single point grades - hard to swallow. But, yet, again, another example of a finest known "modern"(?) coin performing exceptionally well, year over year, despite a pop that has gone from 2 to 4 in past few years.
Wondercoin
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
It's just a blip. For whatever reason two people had to have it and bid it up. Apparently price was not an object where patience ma have gotten a similar coin within the next few years for less. But as they say, time is money and a couple of years is a long time.
<< <i>Here's a side by side comparison of a fully struck 1950-D example to the other coin. As some of you will eventually learn as I have, the 1950-D is a very difficult coin to locate with a full strike. The strike really makes a difference in the quality of the coin.
<< <i>This result was THE talk of the bourse floor on Friday - >>
I ws only there for a few hours thursday to check out lots mostly and a quick run thru the bourse floor... at that time it was early and the bourse was kinda slow. Talked to a few folks who thought the same, actually I was gone by 2. Did the action improve as the show went on?
I posted an earlier thread when the Jeffs were going off live as I watched the registry bidding insanity and wondered who on the floor was buying these things, the 50-D was only one of many that brought insanely high prices. I can imagine some of the comments on the floor, but if you care to give us a few examples I would love to hear it.
BTW, I found a 50-D in change about a year ago for the first time ever, it was an au coin. I remember when I was a kid looking for one of these and never found one in circulation a ta time when you could still find Mercs in circulation...
<< <i> there is only ONE 2003 cent in PCGS MS70. The Smithsonian will one day showcase it in all its glory and collectors will come from the world around to marvel at its beauty. >>
>>
Gemineye's little emotican says it all!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
This kind of thing is the reason PCGS posted the following disclaimer on its price guide home page:
IMPORTANT INFORMATION - PLEASE READ CAREFULLY
The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Collectors Universe, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this price guide or any Collectors Universe website. You buy and sell rare coins at your own risk. Furthermore, Collectors Universe, its principals and representatives do not guarantee the accuracy of any price in the PCGS Price Guide.
When the top pop craze fizzles out, the people who paid moon money for coins like this 50-D will be looking for someone to blame. PCGS is already wisely covering its tail in anticipation of the crash. Take note, folks.
If I recall correctly, ordinary unc. 1950-D nickels (mintage 2.6 million) were bringing as much as $30 each in 1964. That would be over $200 in today's dollars, nearly enough to buy a 2008-W $10 unc. Platinum Eagle today (mintage likely less than 5,000).
I found a circulated 1950-D in 1964, sold it to a dealer for $15.
It's funny the more you pay the more you look, Some will bang them and some will praise them you'll never win. The Only winners are the Seller/Auctioneer/Buyer all the rest will just say what was posted .
<< <i>This kind of thing is the reason PCGS posted the following disclaimer on its price guide home page:
IMPORTANT INFORMATION - PLEASE READ CAREFULLY
The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Collectors Universe, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this price guide or any Collectors Universe website. You buy and sell rare coins at your own risk. Furthermore, Collectors Universe, its principals and representatives do not guarantee the accuracy of any price in the PCGS Price Guide.
When the top pop craze fizzles out, the people who paid moon money for coins like this 50-D will be looking for someone to blame. PCGS is already wisely covering its tail in anticipation of the crash. Take note, folks. >>
Sounds like a "flying leap out the window" kind of message. But you would think that all buy and sales would be covered by whatever quarantee was in existence at those times. I can't see buying under one clause only to find out later that I'm selling under another or forced to sell in a unfavorable market.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>I'll never understand registry set madness. This amount is roughly the value of my entire collection. I can either have my entire collection or this one nickel, keeping in mind that I could also choose to buy a slightly less (but still very nice) '50-D nickel for $17,000 less.
This isn't modern-bashing. It's just an inability to understand why someone would pay 100x more for one coin than for another xample of the same date/mint which was only very slightly less attractive. That would be true for a 1799 Bust Dollar just as it is for a 1950-D Jefferson. >>
Comments
While I respect your opinion, I disagree...
I have seen examples of certain dates that are very well struck for the date and are given little attention because the coin is not worthy of a FS designation, not because of the strike, but because of a very minor nick on the steps that compromises an FS designation. The problem that I have is this... there are coins with a FS designation that really are not all that great in terms of the overall strike and appearance. I am of the view that there is far too much emphasis on an FS designation that makes such a deaignation nearly unworkable for the entire series... especially those in the 1965-1970 time frame.
Experience the World through Numismatics...it's more than you can imagine.
my my my my my my my my my my my my my my my my
is this coin worth $8600 cash money raw out of its holder?? which is approx half of what it sold for in the holder
I have seen examples of certain dates that are very well struck for the date and are given little attention because the coin is not worthy of a FS designation, not because of the strike, but because of a very minor nick on the steps that compromises an FS designation. The problem that I have is this... there are coins with a FS designation that really are not all that great in terms of the overall strike and appearance. I am of the view that there is far too much emphasis on an FS designation that makes such a deaignation nearly unworkable for the entire series... especially those in the 1965-1970 time frame.
coinkat-----the reason for the things you mentioned are almost exclusively related to the strike.
it's undeniable that the deepest parts of the Jefferson Nickel die relate to the step area and the jawline/ear area of the obverse portrait. on almost all clean coins which fail to achieve the Full Step designation due to stike, the deficiencies are easily seen in these areas of the coin, primarily at the third pillar-steps 4-6. for coins which fail to achieve the designation due to flaws in the steps, why should they be designated with a flaw?? as to coins with the designation that have an overall weak strike, imagine if you will that a die is used to strike 20k planchets and then the press operator makes an adjustment. suddenly, the overall detail looks slightly mushy from wear but the step detail is crisp simply because that part of the die hadn't really struck metal yet.
coupled with the fact that the Master Die used to make the workers was worn, it's easy to see that things weren't very pretty for the denomination by the 1960's. then the Mint compounded things by having poor quality control and not really being interested in producing a quality product. things finally got better in the early 70's when the dies were reworked and the design somewhat modified several times.
using a strike designator from a low point in the die would be meaningless since essentially every coin would be fully struck from that perspective. the problem as i see it is that the Mint just put out a poor product for many years. as you can see from the current issues, almost every coin has fully struck surfaces.
<< <i>I can think of 4 people that are thrilled with the auction results - the seller and the owners of the other three.
Joe >>
You forgot the auctioneer's mistress.
COMPLETE KENNEDY VARIETY SET, CIRCULATION STRIKES AND PROOFS
1964 MINT SET
I've got one of the remaining 3 coins in my #18 Jeff set - an accumulation of high quality Jeffs many of which I purchased a year or two ago when a collector I sold some coins to (including the 1950(d)) desired to let them go. The quality of my 1950(d) MS67FS is lovely, but, I never considered it to be a $17,000 coin and still do not. The undergrade coin is worth $100-$200. 170x jump between single point grades - hard to swallow. But, yet, again, another example of a finest known "modern"(?) coin performing exceptionally well, year over year, despite a pop that has gone from 2 to 4 in past few years.
Wondercoin
1950-d
Keith
<< <i>Wow same coin $10,000 cheaper!!!!
1950-d
Keith
A paid round trip airfare ticket would have prevented that!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>Here's a side by side comparison of a fully struck 1950-D example to the other coin. As some of you will eventually learn as I have, the 1950-D is a very difficult coin to locate with a full strike. The strike really makes a difference in the quality of the coin.
Leo >>
Which coin looks more attractive?
Ray
moderns are such great buys. yea, for the auction houses getting
their cuts every two to five years.
idiots.
<< <i>This result was THE talk of the bourse floor on Friday - >>
I ws only there for a few hours thursday to check out lots mostly and a quick run thru the bourse floor... at that time it was early and the bourse was kinda slow. Talked to a few folks who thought the same, actually I was gone by 2. Did the action improve as the show went on?
I posted an earlier thread when the Jeffs were going off live as I watched the registry bidding insanity and wondered who on the floor was buying these things, the 50-D was only one of many that brought insanely high prices. I can imagine some of the comments on the floor, but if you care to give us a few examples I would love to hear it.
BTW, I found a 50-D in change about a year ago for the first time ever, it was an au coin. I remember when I was a kid looking for one of these and never found one in circulation a ta time when you could still find Mercs in circulation...
John
That's gotta be worth a G in the right auction!
<< <i>Wow same coin $10,000 cheaper!!!!
1950-d
Keith
I guess that's what happens when one bidder (i.e. the guy who bought it last time) is not participating.
<< <i> I found a 50-D in change about a year ago for the first time ever, it was an au coin.
That's gotta be worth a G in the right auction!
First $20. takes it, who knows you might put it on ebay and make $980.
Should this coin suffer the same fate as the infamous 1960-D?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i>He had a thoroughly presentable PCGS MS66FS 1950-D in his case. The price -- $100. (No I didn't buy it.) >>
You should have bought it. You could have flipped it on eBay for a tidy profit.
Russ, NCNE >>
The last two PCGS MS66FS coins I sold on ebay, sold for $80 each.
Hoard the keys.
the coin is still over priced.
<< <i>According to the registry numbers, there are now 6 in this grade. If my math is correct 50% pop increase since 2006. >>
It's possible, although I can't quite fathom it, but just maybe, whoever bought it the last time, actually tried to upgrade it..........twice!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>
<< <i> there is only ONE 2003 cent in PCGS MS70. The Smithsonian will one day showcase it in all its glory and collectors will come from the world around to marvel at its beauty. >>
Gemineye's little emotican says it all!
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
IMPORTANT INFORMATION - PLEASE READ CAREFULLY
The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Collectors Universe, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this price guide or any Collectors Universe website. You buy and sell rare coins at your own risk. Furthermore, Collectors Universe, its principals and representatives do not guarantee the accuracy of any price in the PCGS Price Guide.
When the top pop craze fizzles out, the people who paid moon money for coins like this 50-D will be looking for someone to blame. PCGS is already wisely covering its tail in anticipation of the crash. Take note, folks.
I found a circulated 1950-D in 1964, sold it to a dealer for $15.
My Adolph A. Weinman signature
Hoard the keys.
<< <i>This kind of thing is the reason PCGS posted the following disclaimer on its price guide home page:
IMPORTANT INFORMATION - PLEASE READ CAREFULLY
The coin market is volatile and thinly capitalized. Significant short-term price swings are always possible. Collectors Universe, its principals and representatives do not guarantee a profit or guarantee against a loss for any coin you buy or sell based on the information contained in this price guide or any Collectors Universe website. You buy and sell rare coins at your own risk. Furthermore, Collectors Universe, its principals and representatives do not guarantee the accuracy of any price in the PCGS Price Guide.
When the top pop craze fizzles out, the people who paid moon money for coins like this 50-D will be looking for someone to blame. PCGS is already wisely covering its tail in anticipation of the crash. Take note, folks. >>
Sounds like a "flying leap out the window" kind of message. But you would think that all buy and sales would be covered by whatever quarantee was in existence at those times. I can't see buying under one clause only to find out later that I'm selling under another or forced to sell in a unfavorable market.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
"Because I can"
myurl The Franklin All Old Green Holder Set
<< <i>Beauty is in the eye of the beholder.....To me it's just another nickel.
...and to me, it's a work of art! That's one beautiful Jefferson.
...it'll do.
Experience the World through Numismatics...it's more than you can imagine.
<< <i>I'll never understand registry set madness. This amount is roughly the value of my entire collection. I can either have my entire collection or this one nickel, keeping in mind that I could also choose to buy a slightly less (but still very nice) '50-D nickel for $17,000 less.
This isn't modern-bashing. It's just an inability to understand why someone would pay 100x more for one coin than for another xample of the same date/mint which was only very slightly less attractive. That would be true for a 1799 Bust Dollar just as it is for a 1950-D Jefferson. >>
as usual, we agree 100%
well put.
<< <i>For a freakin Jeff, you got to be kiddin
I want the 1830 H10c Lm-5 MS65 NGC! Now that is a coin
Hey, there were $$$ signs in many eyes including ----. They couldn't do that with half dimes.........now do you understand?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
reserve keeps going higher than my max bid