Obtained a 1947-S Jefferson Nickel NGC MS67 from Greattoning (E-Bay) for $240 and 143 registry points.

The auction was won using a max bid of $265

1947 s NGC MS67 Gem Colorful Toned Jefferson Pop 11/0

Seller: Greattoning

E-Bay auction #:370446654795

Ended: Oct 24, 2010 18:56:01 PDT

The certification # of the coin is 2538159-031 and the seller had several other coins with varied dates/mm with the same certification # and similar toning patterns. This is strong evidence that a high grade album collection was recently graded by NGC and this seller is distributing the collection to the market.

Coin Description:

Gorgeous shades of peach, lavender, and powerful slate blue radiate outwards on the obverse to rainbow dappled peripheries of orange, gold, pink, and mint green. Remarkably clean with only two very minor distractions on Jeff's face. The reverse shows a conglomeration of pastel shades over equally clean surfaces. With a scant populaton of 12/0, this lustrous premium gem is well deserved of the assigned grade.

Comments:

This coin is spectacular. The color and eye appeal are outstanding and the surfaces are magnificent. Since PCGS has only graded one example from this date/mm MS67, it is unlikely that this coin would be graded MS67 by PCGS. However, this is an MS66+ all day long in a PCGS holder.

The price guides for this date/mm are low in my opinion. Numismedia lists the coin at $100 in MS67 but I can only find two auction records in Heritage's archives over the last decade. In May, 2007, an Omaha Bank Hoard 1947-S NGC MS67 sold for $373.75. The only other example was sold for $21 in October 2001. With a population of less than 15 coins, $100 is a totally unreasonable expectation. The concept of marketplace availability alone will cause a premium to the established price guide value. Personally, I feel fortunate to win the auction with my max bid. Had I seen the coin in hand, my bid would have been much higher.