Obtained a 1940-S Jefferson Nickel NGC MS67 6FS from Heritage 2011 FUN Sale for $978 and an upgrade of 713 registry points over my MS67 5FS

This auction was won using a max bid of $1,278.

1940-S 5C MS67 Six Full Steps NGC. Census: 5 in 67 Six Full Steps, none finer (11/10).

Auction: 2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151 Lot 4503.

Seller: Heritage Rare Coin Auctions

Auction Ended On: Jan 5, 2011

Coin Description:

The obverse boasts an almost iridescent lavender caste over boldly impressed and stunningly lustrous surfaces. There are three severe die cracks on this coin which indicates that it is from a late die state. This may be the most well struck LDS Jefferson in existence and the strike would compete with most EDS coins as well. The eye appeal of this coin can't be understated. When viewed in hand, the coin commands the viewers attention in a mesmerizing way. An essentially untoned coin that forces the viewer to say out loud, WOW!

Comments:

Having acquired my 6 step 1940-D and 1940 in March 09 & July 09 respectively, I prepared for a long search to find an MS67 full step 1940-S. To my delight and surprise, I purchased an MS67 5FS that hit the market and was auctioned by Teletrade in August 2009 where I paid a scant $220 to obtain it. The PCGS collectors didn't want it, and nobody seemed willing to bid more than MS66 PCGS price guide. The large majority of my collection was obtained by paying substantial premiums. I considered the coin to be one of the few bargains for the following reason. The exact same coin was auction via Heritage in the 2008 January FUN Sale in Orlando where it realized a price of $1,150.

At the time, I never even considered that I would upgrade from an MS67 5FS until the current offering appeared in the 2011 FUN Sale. When viewed side by side, the magnitude of this coin and the visual presence that is created by the strike and luster separates the quality of the two coins with just a casual glance. In essence this coin is unimprovable and with it's addition, my 1940 P-D-S set becomes a perfect uniform group of MS67 6FS coins.