Obtained a 1962 Jefferson Nickel NGC MS66 5FS from Paradise Precious Metals (E-Bay: beers3740) for $132.50 and 163 registry points.

The coin was won using a max bid of $310.

1962 5C Jefferson...NGC MS 66 5FS...Pop 12/2 Tough Coin

Seller: Paradise Precious Metals (E-Bay: beers3740)

E-Bay Listing: 280623768734

Ended: Feb 05, 201117:15:18 PST

Coin Description:

Light even golden toning rests atop lustrous and very well struck surfaces. There are some remnant planchet flaws on the obverse jaw line but there are also some minor marks on both Jefferson's face and collar. This date/mm has a small population of 39/2 in 5 full steps.

Comments:

This coin is the perfect example of the different grading standards employed by NGC and PCGS with regards to Jefferson Nickels. NGC felt that the luster and strike were enough to push the coin to MS66 whereas PCGS would have certainly considered the contact marks grade limiting and assigned a grade of MS65. The E-Bay photos were terrible and hid the marks very well. I placed a competitive bid with the hope that the coin would be good for the grade. Alas, I own an MS65 5FS nickel in an overgraded NGC holder, but since the price paid was not exorbitant, the coin will fill the slot until a nicer example can be located.

This transaction should also reinforce the dangers of buying coins sight unseen. It should be noted that the seller offered a 7 day unconditional return policy which I decided not to use.

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