Is there a marked premium on a 1939-s nickel with reverse of 1940?

gemini12398 · January 13, 2010 1:25AM

It seems like there is in the higher grade FS according to the PCGS price guide, but what about in reality, on the bourse?

keets · January 13, 2010 1:31AM

logic tells me that the premium should be with the R. 38 instead. the difficult thing isn't just that there are coins which were graded before R. 38 and R. 40 were differentiated on the insert, but i have seen coins with wrong attribution, either through lack of knowledge by the graders or the old catch all "mechanical error" excuse.

badger · January 13, 2010 2:06AM

I agree with Keets. The Rev 38 is rarer in FS. The straight lines of the Rev 40 just seemed an easier design to result in FS. The same is true for the proofs.

I try to check carefully when purchasing the 1939 coins. I have a 1939 MS67 FS that was not designated so I thought I was buying a Rev 38. Turned out to be Rev 40, so a good buy transformed into too high a price. Sometimes it is difficult to tell from auction photos.

Dave

seanq · January 13, 2010 2:34AM

I may be wrong but I think in absolute terms, the R40 is rarer than the R38, but for full steps the opposite is true.

Sean Reynolds

DennisH · January 13, 2010 2:58AM

In non-FS I rarely see the the 1939-S R40 offered for sale in higher grades, let alone see it priced even remotely close to the R38. Just checking the most recent Heritage archives, the last PCGS-66 1939-S R40 (non-FS) sold for $345. The last three PCGS-66 1939-S R38s (non-FS) sold for $104, $79 and $84.

gemini12398 · January 13, 2010 3:19AM

so what is a 1939-s Rev 40 in 65 FS worth? Any thoughts?

coolest · January 13, 2010 3:26AM

for the 1939 (P) the rev of 38 is hard to find in unc, and in my opinion worth finding and saving. For the s mint it is no problem to fiind a rev of 38.

DennisH · January 13, 2010 4:05AM

<< <i>so what is a 1939-s Rev 40 in 65 FS worth? Any thoughts? >>

The last 4 PCGS coins at Heritage went for $253, $149 (looks like somebody got a bargain), $322 and $184. The last 66FS went for $1,610.

keets · January 13, 2010 6:29AM

The last 66FS went for $1,610.

if i read the Heritage site correctly, that item went unsold because it's for sale using the "Make offer to owner" option. also, there is listed with that a Reverse of 1938 priced slightly higher. that should answer the OP's question, to wit------the 1939-S/R.38 is priced slightly more than the 1939-S/R.40 in higher grade FS, at least with this limited, most recent data from Heritage. it is worthy of note that the R.40 coins seem much more available than the R.38 coins.

what i think bears some thought for anyone interested in this date(with either Reverse) is some close examination of the pictures listed at Heritage. i wouldn't be willing to pay many times the multiple of a non-FS coin for such a spurious designation. Leo definitely has the best idea for this series in Mint State-----forget about the Full Step designation and concern yourself with finding Fully Struck specimens.

golfer72 · January 13, 2010 7:26AM

"Leo definitely has the best idea for this series in Mint State-----forget about the Full Step designation and concern yourself with finding Fully Struck specimens. "

Is there a marked premium on a 1939-s nickel with reverse of 1940?

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