• When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network.

lehigh96

Member: Seasoned Veteran
  • Posts

    2,173
  • Joined

  • Last visited

  • Days Won

    2

Journal Entries posted by lehigh96

  1. lehigh96
    Obtained a 1957-D Jefferson Nickel NGC MS66 5FS from Teletrade Auction #3018 for $300 and 366 registry points.
    1957-D 5C MS66 5FS: NGC Census: (15/1). PCGS Population (8/0) (2/11).
    Auction: 3018 Lot #1291
    Seller: Teletrade
    Auction Ended On: February 21, 2011
    Coin Description:
    The coin has an almost glossy appearance with a golden patina. The obverse strike is weak in the center but the reverse shows very good detail in Monticello with 5 strong defined steps.
    Comments:
    Not the most attractive nickel in the set, but the rarity of the steps makes any full step example for this date a prize. Where else in the numismatic world can you get a coin with a population of less than 25 in the top grade for $250. Even the population in MS66 without full steps is rather small at 215/18 (12/2011). The existence of the mint sets from this year will certainly yield many more premium gems, but remember, only 1 in 100 will have full steps. Dont expect the population of this date/mm in full steps to increase much. Instead, expect the price of these coveted full steps examples to rise in price over the upcoming years.
    I feel compelled to admit that I knowingly overpaid for this coin because of the registry points associated with the grade. The fact is that the 57-D in MS65 FS is worth only 143 points. In MS66 FS, the points dramatically increase to 366 points. The retail value of a 57-D in MS65 FS is in the $100-$150 range. In order to support a price of $250, the coin would have to qualify for an MS65+ grade by PCGS. Since the coin resides in NGC MS66 plastic, one would expect it to be a PQ MS65, but it is not. The large mark in the focal area ensures it.
    This coin also sparks the debate about whether or not a mark in the prime focal area of the coin should preclude a gem grade. According to the grading standards by PCGS, the answer is yes: MS/PR65: Minor marks/hairlines though none in the focal areas, above average strike (THE PCGS OFFICIAL GUIDE TO GRADING AND COUNTERFEIT DETECTION). I wrote a thread about this topic on Cointalk in 2010 which sparked a very interesting, lively, and educational debate. It is probably one of the best threads in that forums history. If you are interested in reading it, follow the link below.
    Read more: http://www.cointalk.com/t110657/#ixzz1iIBo6et9
    If after reading that thread you are still interested in the subject, perhaps you might like to read a follow up thread involving a Jefferson Nickel as an example. A heated debate breaks out and the moderator of the forum is convinced that the mark is caused by a shovel scoop. A very entertaining read in a thread entitled Guess the Grade-----1974 Jefferson Nickel PCGS
    Read More: http://www.cointalk.com/t112983/
    On the subject, I am torn. I understand why the TPGs make exceptions for coins with such marks where the other elements of grading are so superlative that it merits a gem grade. However, in the case of this 1957-D Jefferson, the remaining surfaces are only of MS66 quality neither the luster or eye appeal is enough to warrant a grade bump. In essence, I have an MS66 1957-D Jefferson with a large but shallow mark on the obverse focal area which should drop the grade to MS65, perhaps even MS64.
    Needless to say, this is one of the least favorite coins in my collection, but unless an incredibly attractive example hits the market, the registry points will keep this coin in this slot. In my searches of both the open market and past auction archives, I have never found an attractive rainbow toned 1957-D Jefferson Nickel. I vow to continue the search!

  2. lehigh96
    Obtained a 1943/2-P Jefferson Nickel NGC MS67 from an E-Bay Seller (1913nickel) on 1/19/2012 for $1,500 and 2,197 registry points.
    This auction was won using a max bid of $2,000.
    1943/2-P NGC MS67: NGC Census: (7/1). PCGS Population (2/0) (1/12).
    Seller: E-Bay Seller: 1913nickel
    E-Bay Listing: 280806005688
    Ended: Jan 19, 2012 15:33:04 PST
    Coin Description:
    Like many high grade war nickels, this coin displays the quintessential iridescent toning that is exclusive to the silver manganese alloy. When viewed directly, the toning appears to be shades or rich blue and green. When tilted into the light, vibrant peach, yellow, pink and lime green toning appear. A small patch of strong violet is found under the B in LIBERTY. The reverse displays rainbow toning at the rims while an original skin of almond coloration blankets the interior. A very clean & lustrous example yielding a very lofty grade. Finding an attractively toned high grade example of the 1943/2-P is a herculean task making this coin a permanent resident in my collection.
    FS-101, formerly FS-028. Another of the dual-hubbing errors that seemed to pop up during both World Wars at the Mint, this is technically a Doubled Die Obverse as well as an overdate. The lower curve of the underdigit 2 is readily apparent under a glass, and doubling is visible on LIBERTY and IN GOD WE TRUST. According to Fivaz and Stanton, the reverse is also a tripled die.
    Comments:
    I purchased the coin from an E-Bay Seller who is an old timer who had no ability to properly image his coin. His listing contained a simple blurry scan of the slab. There was absolutely no way to evaluate the surfaces of the coin or the steps but in his description he claimed that the coin had 5 full steps but that he had submitted the coin for grading prior to 2/16/2004 which was the date that NGC started recognizing 5 Full Steps for Jefferson Nickels. He had the coin listed at the lower end of the retail price for a non-full step NGC MS67 and not surprisingly, he had no bids on his listing. After seeing the scan, I knew instantly that the blue areas on the obverse meant iridescent rainbow toning and that this coin was going to be very attractive in hand. Though leery of the seller's story about the steps, the NGC slab generation is an NGC 9 (circa 2001-2003) making it possible that he was telling the truth.
    Since the full step issue basically became a free roll, I placed a strong bid of $2,000 which was $500 higher than his asking price with the intention of submitting the coin for step designation review if I won the auction. I was the lone bidder and was not disappointed when I received this absolutely beautiful coin. Unfortunately, the steps while almost complete, have a distinct bridge between the 3rd & 5th steps under the 3rd pillar, leaving the coin with steps that grade 5-5-3-5 precluding the 5 Full Step designation.
    And while it is cruel that a coin of this magnitude would hit the market so soon after losing my job, I knew that I might not get another chance at an MS67 43/2-P any time soon. The last one sold by Heritage was 5 years ago in 2007. And a story this grand deserves a happy ending. I just sold my full step PCGS MS65 1943/2-P for a good price which almost covered the entire cost of adding this coin. The upgrade cost me $250. Isn't coin collecting great?
    Please view the attached photo below which shows the seller's slab scan as well as my photos of the obverse & reverse.

  3. lehigh96
    Obtained a 1944-P Jefferson Nickel PCGS MS67+ FS from Heritage 2012 February 2-5 US Coins Signature Auction- Long Beach #1167 for $5,750 and 1,486 registry points as part of a lot which included a complete set of PCGS graded war nickels.
    This auction was won using a max bid of $5,750.
    PCGS-Certified Complete 1942-1945 "War Nickel" Business Strike Set.... (Total: 11 coins) Lot # 3973
    1944-P 5C MS67 FS: NGC Census: (12/0). PCGS Population (7/0) (2/12).
    Auction: 2012 February 2-5 US Coins Signature Auction- Long Beach #1167
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: February 3, 2012
    Coin Description:
    This coin is the quintessential Jefferson War Nickel. Absolutely booming luster and a hammered strike combine with stunning eye appeal to drive this coin to an inevitable market grade of MS67+ FS. Iridescent blue/green toning transforms into vibrant hues of yellow, pink, and lime green when rotated under a light source. This toning scheme is the signature of the war nickel silver-manganese alloy and is the hall mark of a many a registry war nickel. Despite a shallow mark on the steps under the second pillar, the coin achieves the full step designation and the steps grade 6-5-5-5 by the quarter step method.
    Comments:
    The grade of this coin needs to be discussed both with respect to the number grade and the full step designation. First, it should be made clear that the surfaces of this coin while worthy of MS67 are not the reason this coin achieved an MS67+ grade. The chatter on the jawline is the result of remnant planchet flaws which do not affect the grade. However, there are several marks that are minor but noteworthy. The first is on the bottom edge of Jefferson's coat collar. The second is halfway up the second pillar of Monticello. And the third and most important is on the steps below the second pillar. It is this mark that seems to interrupt the steps at certain angles. The fact is that the mark is very shallow and while it does traverse the steps and is visible, PCGS determined that the disturbance did not interrupt the steps (lines) enough to preclude a full step designation. The decision of PCGS to award the + grade was related solely to the other elements of grading since the surfaces are not high end for the grade. However, it is visually evident that the luster, strike, and eye appeal of this coin are at the highest level possible for a Jefferson Nickel. The result is an accurate market grade of MS67+ FS.
    I was perusing the Heritage website in early January and found a PCGS-Certified Complete 1942-1945 "War Nickel" Business Strike Set.... (Total: 11 coins) listed in the 2012 February 2-5 US Coins Signature Auction- Long Beach Sale #1167. My first thought was that I had never seen a complete set of war nickels sold as one lot in a signature sale before so needless to say, I was intrigued. I opened the lot and saw 22 thumbnail slab photos and immediately felt overwhelmed so I proceeded to read the item Description shown below:
    PCGS-Certified Complete 1942-1945 "War Nickel" Business Strike Set. Includes: 1942-P Type Two MS66; 1942-S MS67; 1943-P MS67; 1943-D MS65 Full Steps; 1943-S MS66; 1944-P MS67+ Full Steps; 1944-D MS66; 1944-S MS65+; 1945-P MS66; 1945-D MS65; and 1945-S MS67. Many examples show gold, orange, or amber toning at the borders. Centers are almost universally silver. (#4016)
    As I read the grades of the coins I was not overly impressed. MS65 & MS66 war nickels are essentially widgets and I already have several MS67 1942-S's. I was ready to close the listing when I stumbled upon the 1944-P MS67+ FS. I thought to myself, What? No Way! The population of the 1944-P in MS67 is only 19/0 for both grading services. I know this because I own one. It didn't seem possible that a 1944-P MS67+ FS which is essentially a top pop registry coin could be buried in such a listing. I immediately scrolled down and opened the oversized photo which showed hints of rainbow toning. It was at that moment that I knew. Despite Heritage's cookie cutter photos, I knew this coin was going to be blazing with immense eye appeal.
    Unfortunately, I aslo knew that this coin would not escape the eyes of the PCGS registry collectors who are fanatical about improving their sets. I knew that this lot was going to cost a fortune. I reached deep and placed a proxy bid of $5,000 with the intention of not looking until the auction was complete. At the end of the auction, I felt sick to my stomach. I won the lot, but I was forced to pay the entire $5K + the 15% buyers premium. I had overbid and now I had overpaid. And while I now own the highest graded 1944-P full step Jefferson Nickel, I still have to deal with my own fiscal irresponsibility. It is my hope that I can sell all of the other coins in the lot as well as my other full step 1944-P through my E-Bay store and not incur too much of an incremental cost.
    When I refer to the quintessential war nickel with the distinctive toning that only appears on the silver-manganese alloy unique to war nickels, it is hard to describe in words. The toning is iridescent and appears very different when viewed from different angles and under different lighting conditions. When viewed outside of direct lighting, the toning appears as a hazy intermingled hue of deep blue & green. That same toning when tilted into a light source turns into gorgeous shades of pastel rainbow colors usually including yellow, pink, and lime green. I have included two photos below to show the contrast that this quintessential toning creates. Enjoy!

  4. lehigh96
    In my last journal entry, I announced that had recently lost my job and that I was planning on opening an E-Bay store (Lehigh Coins) in order to help liquidate my collection.
    One week ago today, I started listing my duplicate Jefferson Nickels on my newly opened E-Bay Store. As a complete neophyte to selling on E-Bay, it was taking me 30 minutes to complete each listing. I worked diligently over the first two days to list as many items as I could. By the end of the third day I had listed all of my Jefferson duplicates up to the end of the war years and was picking up speed and confidence along the way. I felt a huge sense of relief as people had started asking when the war nickels were going up for sale.
    After listing 60 Jefferson Nickels, I needed a break and proceeded to list all of my Peace Dollars and some of my rainbow toned type coins. The process of listing the coins is hard work as is the photography, but I am pleased to announce that sometimes hard work does indeed pay off.
    In the first week of my E-Bay store, I have generated over $5,000 in total sales and received countless positive private messages about my store and my coins. I would like to thank everyone who has purchased one of my coins over the last week and vow to give the best customer service that I can to anyone interested in any of my coins.
    It is painful to sell my collection, but it is very satisfying to see the jubilation of others as they acquire a toned coin that they absolutely love. While documenting our purchases is a very important part of the hobby, I believe that a major sell off also deserves some airtime. I have posted a photo below of the most valuable coin to sell in the first week. I won't disclose the price or the buyer at this time, so let your imagination run wild.

  5. lehigh96
    Obtained a 1954-S/D Jefferson Nickel NGC MS65 from Greattoning (E-Bay seller) for $182.50 and 620 registry points.
    This auction was won using a max bid of $265.50.
    1954-S/D 5C MS65: NGC Census: (45/33). PCGS Population (92/3) (2/2012).
    Seller: E-Bay Seller: Greattoning
    E-Bay Listing: 330682654009
    Ended: Feb 12, 201217:31:01 PST
    Coin Description:
    The current example has an average strike for the 1954-S which was the worst struck nickel of the entire series. The steps are non existent, there is die wear on both sides as well as significant loss of detail on both sides with respect to the hair and the interior details of Monticello. Both sides are blanketed in a rich steel blue, orange, and magenta patina that provides alluring eye appeal.
    Comments:
    The 1954-S/D is one of the more dramatic over mintmark varieties found within the Jefferson Nickel series. The die initially received a D mintmark and was later punched with an S mintmark. The bottom edge of the D clearly protrudes from the bottom of the S mintmark. FS-501, formerly FS-033, CONECA: OMM-001, NGC VARIETY PLUS: VP-001. An underlying D is seen within and below the S mintmark. The NGC census in MS65 (2/2012) is 45/33 with all higher examples graded MS66.
    While I recognize the collectibility of the over mintmark varieties, I have a fundamental problem with the amount of registry points that they garner in comparison to the both the regular issues and the other varieties such as the doubled dies. Consider that the total population for the 1954-S/D in MS65 is 137/36 yet it earns 620 registry points. Compare that to the 1954-S MS67 that has a total population of 19/0 which only yields 183 points. When compared side by side, the difference in quality between an MS67 and MS65 is undeniable but the MS65 gets a huge increase in registry points due to a very minor die variation in my opinion.
    It is not that I dont appreciate that these varieties deserve a premium in points compared to a non variety coin of the same grade, but the points assignment has to make sense. For whatever reason, NGC has decided not to use the most simple point scale which would simply be based upon price. As it stands, the current point system used by the NGC registry forces the competitor to include inferior coins in their collection if they want to maximize their point total and ranking.

    To see old comments for this Journal entry, click here. New comments can be added below.
  6. lehigh96
    Obtained a 1946-D/Invert D Jefferson Nickel NGC MS66 from David Lawrence Rare Coins for $1705.00 and 9 registry points.
    The auction was won using a bid of $2000.
    David Lawrence Rare Coin Auctions
    139: Monday - Internet Auction # 480
    Description:
    One of the toughest Jefferson nickel varieties in high grade, and ranked in the original Top-10 Jefferson varieties as the 2nd rarest variety in mint state! The variety features the D-mintmark repunched, but with the 2nd mintmark inverted over the first. Beautiful coin with light gold toning and no problems.
    DLRC Star/Eye Appeal Rating: [3****]
    DLRC photos are typically very poor but this coin is very rare in premium gem and the collector really doesn't have the option to pass and wait for a more eye appealing example. DLRC gave they eye appeal of the coin 4 stars out of 5 which in combination with the photos was enough for me to bid on the coin. The coin is very attractive in hand and is deeply toned with on both sides with a vibrant gold patina. The repunched mintmark is plainly evident under a glass and the quality of the coin is deserving of the assigned grade.

    To see old comments for this Journal entry, click here. New comments can be added below.
  7. lehigh96
    Obtained a 1939 Rev of 40 Jefferson Nickel from Heritage Rare Coins for $99. This coin will not compete in my registry collection.
    This auction was won using a max bid of $135.
    1939 5C Reverse of 1940 MS66 Full Steps NGC. NGC Census: (28/9). PCGS Population (107/14).
    Seller: Heritage Rare Coin Auctions
    Tuesday Internet Coin Auction #210111 Lot #20677
    Auction Ended On: Nov 2, 2010
    Coin Description:
    Delicate grey-gold patina rests over smooth well struck lustrous surfaces. A few significant marks including one on Jefferson's cheek limit the grade and the steps are indisputable and grade 6-5-5-6 by the quarterstep method. A curious luster effect exists in fields that seems to frame the devices.
    Comments:
    This coin will not be part of my registry collection but I purchased it for two primary reasons. The first reason is that the 1939 Rev of 40 nickels are much more scarce in full steps than the books would have you believe. The book states that 1 in 5 (20%) will have 5FS, yet the population reports support that the actual percentage is closer to 7%. I believe that this example is a PQ representative for the grade and would be a fine example if I ever decide to assemble a full step only collection.
    The second reason for purchasing this coin is related to the luster effect that I mentioned in my description of the coin. Nagengast spoke of a "halo effect" in THE JEFFERSON NICKEL ANALYST. Nagengast writes:
    "A curious luster contrast is frequently encountered on San Francisco minted Jefferson Nickels through 1954. This luster contrast is circular in nature, and is apparently the result of uneven die wear or die polishing or even a combination of the two. Often heavy metal flow lines are present, especially around the letters and devices. The "halo effect" is especially common on 1939 through 1941 issues."
    I own several San Francisco minted nickels that display the "halo effect" including a 1941-S Large S, but this coin which displays the same "halo effect" was minted in Philadelphia. And while I have seen the effect on before on "P" mint coins, it has never been this pronounced.

  8. lehigh96
    Obtained a 1951-S Jefferson Nickel NGC MS67* from Greattoning (E-Bay) for $705 and 457 registry points.
    The auction was won using a max bid of $950.
    1951 s NGC MS67* Star Rainbow Toned Jefferson Pop 1/0
    Seller: Greattoning
    E-Bay auction #: 320620617517
    Ended: Nov 28, 201018:48:17 PST
    This is now the third coin that I have purchased from this seller with the certification # 2538159-xxx. If there was any doubt that these coins came from a fantastic Jefferson Nickel album collection, the debate should now be over.
    Coin Description:
    A magnificent toned premium gem with an exacting strike and fulsome mint frost. The obverse displays a peach center surrounded by grape purple and cerulean blue fields and progresssing to mint green and gold at the peripheries. The reverse shows similar colors but adds a crescent of rainbow toning on the right hand side. There are only two stars awarded to 1951-S Jefferson Nickels and the other is MS64.
    Comments:
    Pick a superlative and it is probably applicable to this coin. Stunning eye appeal and super clean surfaces along with radiant luster provide the coin with a commanding presence rarely seen on a Jefferson Nickel. It was apparent to everyone else as well. Spirited bidding from 10 bidders and 24 bids over 7 days led to a premium of 2.6X the Numismedia wholesale value of $270.
    I feel for the other bidders but they never really had a chance. As they battled to one up each other while trying not risking paying a high price, I was perfectly willing to make a huge bid to obtain a coin that is certainly unmatched in quality for the date/mm. I made only one bid. A bid that was almost $250 higher than the second place bidder. Granted it was a sniper bid executed by Gavelsnipe, but I think it would have stood even if it wasn't.
    The 1951-S has an NGC population of (52/0). PCGS has no coins graded MS67. And although 52 sounds like an abundant number, over the last decade, only 5 have been auctioned by Heritage Rare coins. And of those five coins, only one was extremely attractive, and none came close to deserving a star designation. Only two 1951-S Jeffersons have been awarded the star designation. Since the other coin is graded MS64, there can be no doubt that this coin represents the most eye appealing 1951-S Jefferson in existence.
    When dealing with top pop coins with eye appeal, you must also reconcile the concept of marketplace availability. In other words, how long will you likely have to wait in order to find another coin of the same quality, grade, and eye appeal if you pass on the one that is available now? Anyone who had bothered to research the auction archives should know that you will likely be waiting a decade or more in this case. While others found the eye appeal of this coin worth a 2.5X premium, the combination of eye appeal and marketplace availability led me to place a bid of 3.5X wholesale.

  9. lehigh96
    Obtained a 1957 Jefferson Nickel NGC MS66 5FS from Teletrade Auction #3299 for $300 and 201 registry points.
    The coin was won using a max bid of $400. My bid was actually very low because I could not verify the step detail in the Teletrade photos. Just one month earlier, I made a bid of $862 for a 1957 Jefferson NGC MS66 5FS in the Heritage CSNS sale but was outbid.
    1957 5C MS66 5FS: NGC Census: (18/0). PCGS Population (8/0) (6/12).
    Auction: 3299 Lot #1307
    Seller: Teletrade
    Auction Ended On: June 24th, 2012
     
    Description:
    This coin makes a bold first impression with a strong strike, clean surfaces, and booming luster. There is some softness in the hair detail and the doors of Monticello, and one could argue that some light chatter under the second pillar creates a small bridge between the 3rd and 4th steps. A champagne iridescence blankets both sides of this high end premium gem. The surfaces are very clean and there are no remnant planchet flaws. Only a few very tiny marks on Jeffersons cheek are seen and they are not visible to the naked eye. A premium quality MS66 to be sure.
    Comments:
    I am not a stickler for the full step designation and rarely concern myself with the debates that rage over whether a particular coin should or should not own a full step designation. That said, this coin is lucky to be designated 5FS. A serious argument could be made that a bridge does exist. But a strike designations are not confirmation of a strong strike and the lack of such designations do not condemn coins to have weak strikes. The plain truth is that this is a well struck coin with incredible step detail. The debate that should rage about this coin is the numerical grade. Personally, I would rather see this coin in an MS67 holder without full steps than the MS66 5FS that it is in now.
    It makes you wonder when you see a coin such as this. Are the graders conscious of the population reports of the coins they are grading? The 1957 has a total population of 26/0 in MS66 5FS and NGC has only graded 4 MS67 examples. Are they wary of making a lone top pop unless the coin deserves the grade unquestionably? I cant answer that question but this coin is an MS67 in my book.
    On a lighter and much less controversial note, this and all other 1957 & 1958 Jefferson Nickels show a larger star between LIBERTY and the date. A quirky little variation that is mostly unnoticed by most collectors.

    To see old comments for this Journal entry, click here. New comments can be added below.
  10. lehigh96
    Obtained a 1950-D Jefferson Nickel NGC MS67 5FS from Heritage 2011 FUN Sale for $1,093 and an upgrade of 111 registry points over the MS67
    This auction was won using a max bid of $2,070.
    1950-D 5C MS67 Five Full Steps NGC. Census: 19 in 67 Five Full Steps, 0 finer (11/10).
    Auction: 2011 January Tampa FUN Signature & Platinum Night US Coin Auction #1151 Lot 4505.
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: Jan 5, 2011
    Coin Description:
    Very pretty streaky almond patina graces the exceptionally clean surfaces of this conditionally rare full step premium gem key date coin. An above average strike is evidenced by both 5FS and full details on Monticello and Jefferson's hair. Some very minor planchet roughness remains in the usual areas on the jaw and shoulder, but the fields are absolutely pristine. The luster seems rather mundane but does not at all detract from the eye appeal of this beautiful coin.
    Comments:
    The lowest mintage of the series was widely hoarded and Bowers remarks "Although Mint State coins are very common today, most are rather dull or uninspiring in appearance, often struck from worn dies and lackluster. For a sparkling gem with sharp steps the adjective scarce can truly be applied." This coin represents my 6th attempt to fill this slot in my registry set. The first 5 attempts were various MS67 coins. Most were either lack luster, poorly struck, or down right ugly. The 1950-D may not be difficult to find in mint state grades, but obtaining a specimen that fits in a high ranking registry set is a difficult chase indeed. At the outset of my endeavor to complete the Jefferson series, I knew I would need fantastic coin to represent the "so called" key date of the series. After 5 failed attempts to fill the slot, I began to consider the ever elusive 1950-D, my white whale. Well in this story, Ahab (Lehigh) wins. I present the "White Whale" of the Atlantic City Set of Jefferson Nickels.

  11. lehigh96
    Obtained a 1952-D Jefferson Nickel NGC MS67 from Teletrade Auction #3187 for $150 and 237 registry points.
    1952-D 5C MS67: NGC Census: (40/0). PCGS Population (1/0) (12/11).
    Auction: 3187 Lot #1800
    Seller: Teletrade
    Auction Ended On: December 11, 2011
    Coin Description:
    Both sides are enveloped by an attractive patina of mixed golden orange and lilac. With the exception of the steps, Monticello is fully detailed and the obverse is well struck as well. Some planchet roughness exists on the jaw but none of the minor marks found on this coin are in the focal areas. A fully lustrous and attractive premium gem that has been carefully preserved.
    Comments:
    Q David Bowers lists the population of the 1952-D Jefferson Nickel at 41/0 in this book, A GUIDE BOOK OF BUFFALO AND JEFFERSON NICKELS. The book was last published in 2007 which means the certified populations are almost 5 years old at this time. However, the population of the 1952-D in MS67 remains the same. At some point, we are going to have to face the fact that Jefferson Nickels from the 50's & 60's are actually rare in premium gem and that the populations are not going to increase dramatically with the discovery of long lost original bank wrapped rolls of nickels. IMO, the only way to move these populations is with the eventual grading of cherrypicked album collections by Jefferson Nickel connoisseurs.

  12. lehigh96
    Obtained a 1942-S Jefferson Nickel NGC MS67 5FS from Mt. Lassen Coins for $554 and 336 registry points.
    1942-S 5C MS67 5FS: NGC Census: (12/0). PCGS Population (9/0) (8/12).
    Seller: Mt. Lassen Coins
    Purchased: August 18, 2012
    Description:
    Nearing technical perfection, the only mark visible to the naked eye is the abrasion in the field to the right of the mintmark and the lamination error to the right of the third pillar. A superb strike shows full details save the center of the sixth step. Just a hint of champagne toning is splashed over bright white silver surfaces with remarkable luster. This coin has immense eye appeal and is well deserving of the assigned grade.
    Comments:
    While searching for a way to improve my registry war nickel set, I found myself in a quandary. Many of the coins are simply unimprovable without entering the realm of MS68 examples which are in very strong hands. Heritage has only auctioned a hand full of MS68 war nickels in the last five years and I have been outbid on several of them. In addition, every coin in my collection is either an MS68, MS67 full steps, or MS67* except one coin. That coin, you guessed it, is the 1942-S. The fact that my 1942-S was absolutely snubbed for a star designation is another story all together but the fact remains that my only realistic option to upgrade my collection was to send in my 1942-S for a star designation review or to obtain an MS67 5FS which carry a very scant NGC population of 12/0.
    During my search over the last year, I checked every auction site and major dealer that you can think of to no avail. So a few weeks ago I decided to google "1942-S 5FS Jefferson Nickel" and see what happened. Well what happened was that it led to one listed on the Mt. Lassen website for half of Numismedia Price Guide ($1,150) and hundreds less than the average Heritage auction price of $824 over the last 2 years. Needless to say, I bought that coin as fast as I possibly could. And to sweeten the deal, Mt Lassen coins had a promotion where they would send you a free uncirculated 1943-D Jefferson Nickel with any purchase of $50 or more but instead they sent me a nicely toned gem BU 1941-D with full steps though a small nick.
    The next step is to send my existing 1942-S back to NGC for star designation review to see which coin will represent the Atlantic City Set for the upcoming 2012 registry awards.

    To see old comments for this Journal entry, click here. New comments can be added below.
  13. lehigh96
    Obtained a 1949-D Jefferson Nickel NGC MS67* from Greattoning (E-Bay) for $365 and 382 registry points. This coin upgrades my MS66* yielding a net increase of 322 points.
    The auction was won using a max bid of $475
    1949 d NGC MS67* Star Rainbow Toned Jefferson Pop 4/0
    Seller: Greattoning
    E-Bay auction #: 370446654818
    Ended: Oct 24, 201018:57:01 PDT
    This the second coin that I bid on offered by this E-Bay seller with the certification # 2538159-xxx. As discussed in my previous journal, a number of Jefferson Nickels with varied dates/mm with the same certification number is strong evidence that a high grade album collection was recently graded by NGC.
    Coin Description:
    Powerful violet centers yield to vibrant sky blue and rainbow bands of gold, pink, sapphire, yellow, cherry red, and lime green at the peripheries. A solid strike and thick mint frost in combination with vibrant powerful rainbow toning push this coin with MS66 surfaces into the MS67 realm.
    Comments:
    This is by far the most eye appealing 1949-D Jefferson Nickel that I have ever seen. That said, the coin has been market graded to it's lofty perch of MS67. The toning is magnificent on both sides and the concentric rainbow bands on the reverse are particularly impressive. However, the surfaces of this coin are not MS67 quality. Significant marks exist on Jefferson's coat, his brow, and the face of Monticello. I don't disagree with the assigned grade or the practice of market grading toned coins, but it is essential to recognize when a coin has been market graded.
    The strike is not strong despite the fact that coin is very close to a 5FS designation were it not for the typical weakness under the third pillar. Instead, the strike weakness is evidenced by the obverse hair detail and the extreme softness of the windows and doors of Monticello. The Full Step percentage for the 1949-D is listed as 1 in 20 (5%) although the certified populations in mint state actually yield a 4% chance. It would not surprise me if many of the coins that failed the full step test did so with steps just like the ones on this coin.
    There have only been 8 mint state 1949-D Jefferson Nickels that have been awarded the star designation by NGC. I currently own 25% of that population which is represented by MS65 (2), MS66 (2), & MS67 (4). The eye appeal of this coin is far beyond that of the MS66 it replaced which gives it a very good resume for the most eye appealing 1949-D in existence. And at a premium of almost 6.3X Numismedia wholesale, it had better be. The only auction record I can find for a 1949-D Jefferson Nickel NGC MS67* was sold by Heritage in the 2004 Long Beach sale for just over $600. So I guess $365 seems something of a bargain price given that information.

  14. lehigh96
    Obtained a 1942-D Jefferson Nickel NGC MS66 from Teletrade Auction #2992 for $42. This coin will not compete in any of my registry sets.
    1942-D 5C MS66 NGC
    Teletrade Auction: 2292 Lot # 1348.
    Seller: Teletrade
    Auction Ended On: Sunday, Jan 9, 2011
    Coin Description:
    Intense bright gold patina envelops both sides of this extremely lustrous well struck premium gem. Fully detailed in both Jefferson's portrait as well as the features of Monticello. Only the 6th step is missing from a completely full strike.
    Comments:
    This coin resides in a Generation 3 NGC holder which means that it was graded sometime in 1988-89. This is an important piece of information because prior to February 16th, 2004, NGC did not recognize coins with 5 full steps. In order to receive a full step designation, the coin was required to have 6 full steps. And while it is obvious that this coin does not have 6 full steps, it is almost assured of getting a 5 full step designation. In addition, the coin is PQ for the assigned grade.
    The Numismedia Wholesale price for an MS66 1942-D is $58 which means that my buy price of $42 was already a good deal. But when you consider that this coin could easily end up in an MS66 5FS holder and most likely an MS66+ 5FS or MS67 5FS holder, there was really no choice but to purchase the coin.
    Many people will tell you to follow the mantra "buy the coin, not the holder." This coin is a very good example of what you can do when you follow that advice by applying both grading knowledge and an understanding of the TPG's historical practices.

  15. lehigh96
    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.

    To see old comments for this Journal entry, click here. New comments can be added below.
  16. lehigh96
    Obtained a 1946 Jefferson Nickel NGC MS67 from a Heritage Internet Only Auction for $184 and 272 registry points.
    This auction was won using a max bid of $713.
    1946 5C MS67 NGC. NGC Census: (8/0). PCGS Population (0/0) (1/11).
    Auction: Tuesday Internet Coin Auction #211014 Lot #26725
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: Jan 25, 2011
    Coin Description:
    A very lustrous premium gem that is dominated on both sides by a very attractive gray patina infused with shades of peach and lavender. Planchet flaws which are common for the issue exist both on the obverse jawline and collar as well as the reverse steps. An above average strike helps compliment the almost flawless fields and minimally abraded devices of this conditionally rare top pop coin.
    Comments:
    The Philadelphia minted 1946 Jefferson Nickel is one of the toughest in the series for registry collectors. There are no PCGS coins graded above MS66 and in MS66 the coin is not particularly scarce with 62 PCGS examples and 69 NGC examples. Most of these coins are lustrous but have eye appeal or surfaces problems. Finding a 1946 Jefferson that has the combination of surface preservation, luster, and eye appeal to warrant an NGC MS67 or PQ MS66 PCGS grade is a very rare find indeed.
    It is my belief that most collectors are slaves to the price guides. And the fact that Heritage has never offered a 1946 NGC MS67 at auction, left the other bidders paralyzed in their attempt to price this coin. One look at the price guides helps explain what I mean; they are blank in the MS67 grade. But seasoned collectors know that NGC coins can often be priced by applying a small premium to the PCGS Price Guide price for one grade lower which for the 1946 MS66 is $160. The price realized for this coin was $184 which supports my theory.
    So why did I bid $713 as my maximum bid? The answer is that I consider this coin one of the finest examples of this date/mm. In addition, the market availability of this coin is such that it could have been 5-10 years before another coin it's equal hit the market. Letting this coin slip away would have been a strategic disaster in my pursuit of the finest registry collection of Jefferson Nickels.

  17. lehigh96
    Obtained a 1960-D Jefferson Nickel NGC MS67 from lpgoody1959 (E-Bay seller) for $432.98 and 183 registry points.
    This coin was won using Best Offer Option.
    1960-D JEFFERSON NICKEL NGC MS67: NGC Census: (12/0). PCGS Population (0/0) (8/2012).
    Seller: E-Bay Seller: lpgoody1959
    E-Bay Listing: 320949968509
    Ended: August 21, 2012
    Description:
    Nickel grey surfaces with a full luster profile and an exceptional strike for the date/mm. Full hair detail, full details on Monticello, partial step detail, and minimal planchet flaws on the jaw and collar. Some light die polish lines are evident in the fields and there is no evidence of die wear which is indicative of and EDS coin. Some light marks are found on the focal areas of both sides.
    Comments:
    Given the strike and luster of this coin, it is understandable that NGC would assign the lofty MS67 grade. However, the marks on the focal areas would certainly limit the grade of this coin to MS66 in PCGS plastic. But it makes no difference if this is a low end MS67 in NGC plastic or a solid MS66 in PCGS plastic, it is certainly one of the finest preserved 1960-D Jefferson Nickels in existence.

    To see old comments for this Journal entry, click here. New comments can be added below.
  18. lehigh96
    Obtained a 1959 Jefferson Nickel NGC MS66 5FS from DM Rare Coins (E-Bay Coinman1794) for $427.50 and 304 registry points.
    The coin was purchased using a BIN option on E-Bay. The original price was $450 and I took advantage of a 5% discount offered by the seller.
    1959 NGC MS66 5FS JEFFERSON 5C ~ FINEST KNOWN & PL OBV!
    Seller: Coinman1794 (DM Rare Coins)
    E-Bay Listing: 200570130685
    Ended: Feb 05, 201120:58:35 PST
    Coin Description:
    A gorgeous untoned premium gem with an impeccable strike and formidable eye appeal. The entire surface of the obverse is semi-prooflike and very reflective. The reverse shows a level of detail rarely found on a late 50's Jefferson as any discerning collector can attest to. Semi-prooflike fields are provide an almost cameo appearance to Monticello which is absolutely chiseled, fully detailed, and bearing five strong steps.
    Comments:
    Finding attractive high grade Jeffersons from the late 50's is a difficult challenge. If you add full steps in the equation, it becomes a herculean task. The 1959 in MS66 FS has a population of 46/0. However, the large majority of those coins are just hideously ugly and really belong in one of the registry sets that exist without photos. If you don't believe me, feel free to search the Heritage auction archives. I suggest having a few drinks first to make those coins a little easier on the eyes. That's right, beer goggles for those ugly coins.
    This coin is one of the absolutely rare exceptions. I have no idea if I got a good price on this coin or not. What I do know is that the only 1959 full step coin that I have found that rivals the appeal of this example is the Compradore Collection representative. That example sold for $747.50 in June 2008 and $1,366 in August 2008. Personally, I don't care about whether or not I got a "good deal". I am ecstatic that I found an eye appealing registry quality 1959 to represent the Atlantic City Set of Jefferson Nickels.

  19. lehigh96
    Obtained a 1948-S Jefferson Nickel PCGS MS66 FS from David Lawrence Rare Coins for $184 and 59 registry points.
    The auction was won using a bid of $200.
    David Lawrence Rare Coin Auctions
    7158: Thursday - Internet Auction # 483
    This coin was part of the Monticello Collection offered by DLRC. There is actually a curious story behind my bid on this coin. With a few days left in the auction, a high end coin collector e-mailed me asking about the Monticello Collection. This collector is in the top ten in total points in the NGC registry He told me that he considered me a connoisseur of Jefferson Nickels and wanted my opinion of the collection. He also stated that he was not bidding but was curious about what I thought. I told him that the collection had some real winners and some dogs. I also told him that I considered the steal of the entire auction this 1948-S. If you look closely at the very poor DLRC scan, you will notice hints of color on the obverse of the coin. Based on experience, I knew that this coin most likely had beautiful pastel iridescent rainbow toning.
    DLRC Star/Eye Appeal Rating: [3*****]
    I think I did a much better job than DLRC imaging this coin. Gorgeous shades of iridescent chartreuse, lime green, and strawberry magenta dance on clean satin surfaces. A few minor marks on Jefferson's coat limit the grade but this coin would have very good chance at an MS67 grade in an NGC holder IMO. At the very least it would be an MS66+ and possibly a star. The steps are a solid 5 full steps and I am confident they would grade as full steps at NGC. Using the quarter step method, I grade them 6-5-5-5.

    To see old comments for this Journal entry, click here. New comments can be added below.
  20. lehigh96
    Obtained a 1938-S Jefferson Nickel NGC MS67 from deadkey (E-Bay seller) for $99 and 251 registry points for upgrading from an MS66.
    The coin was won using a max bid of $125.
    1938-S JEFFERSON NICKEL NGC MS67
    Seller: E-Bay Seller: deadkey
    E-Bay Listing: 180620523504
    Ended: Feb 09, 201107:55:08 PST
    Coin Description:
    Light golden toning adorns both sides of this lustrous well struck premium gem. Despite the LDS evidenced by some die wear and a prominent die crack in Jefferson's hair, this coin is not short on eye appeal and has a radiant appearance in hand.
    Comments:
    This coin replaces what was a very attractive PQ MS66 example. Despite the fact that there are 280 MS67 1938-S certified Jefferson Nickels, it took me 2 years to find one that was better in quality than my MS66. And while this coin is a solid MS67, it is almost indistinguishable in quality from my MS66.
    On the fortunate side, I only paid $99 for this coin which is only $42 more than I paid for the MS66 it replaced. I could have tried to upgrade my MS66 through resubmission, but unless it upgraded on the first try, it would have been a losing proposition financially.

    To see old comments for this Journal entry, click here. New comments can be added below.
  21. lehigh96
    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.

  22. lehigh96
    Obtained a 1946-S Jefferson Nickel NGC MS67 from Eternity Coin (E-Bay) for $95 and 163 registry points.
    This coin was purchased using the BIN option and the seller included a gem proof 2004-S Keelboat Jefferson in a 2x2 as a free bonus coin which was a nice touch.
    * 1946-S Jefferson Nickel 5C - NGC MS67 - Nice Coin! *
    Seller: Eternity Coin
    E-Bay Listing: 200551362745
    Ended: Dec 07, 201022:25:15 PST
    Coin Description:
    Light champagne toning rests over clean lustrous well struck surfaces. The eye appeal of this coin is completely related to the luster. Parts of the coin display frosty surfaces while other parts are satin in nature. The result is an intermingled luster effect which results in a powerful visual effect.
    Comments:
    I have seen this luster effect on other late 40's "S" mint Jefferson Nickels and actually own a 1948-S that could be this coin's twin and I describe as "eerily attractive, distinctive, almost polished looking mint frost with champagne highlights."
    The interesting thing about this coin is the price. The population of the 1946-S in MS67 is 126/0 with every example graded by NGC. Numsimedia wholesale lists their price guide at $60. However, despite the fact that the population reports indicate the 1946-S in MS67 is not scarce, Heritage has only auctioned 7 in their history. In fact, this specific coin was sold in an internet only auction for $57 in August 2007. This coin and the other that sold in November 2007 for $51 are probably the source of Numismedia's price.
    But marketplace availability can't be ignored. While there may be 126 in the population, how many of those have the eye appeal necessary to make it into my collection? From that small number, how long will it be before one is for sale in the market? The answers to those questions are not concrete but one thing is certain. It is worth $35 to obtain the example that seems overpriced in today's market in order to avoid the agonizing wait for another example to hit the market. So while to some it may seem I overpaid, I will gladly pay a premium for coins like this that have availability issues in the market.

  23. lehigh96
    Obtained a 1947-D Jefferson Nickel NGC MS66 5FS from Greattoning (E-Bay) for $159 and -103 registry points.
    The auction was won using a max bid of $265.
    1947 d NGC MS66 5FS Gem Rainbow Toned Jefferson Nickel
    Seller: Greattoning
    E-Bay auction #: 370463686905
    Ended: Dec 12, 201018:13:28 PST
    This is now the fourth coin that I have purchased from this seller with the certification # 2538159-xxx. If these four coins were indicative of the eye appeal of the entire collection, I consider anyone who saw the collection in it's complete state very fortunate.
    Coin Description:
    Spectacular rainbow toning adorns this lustrous premium gem full step nickel. The untoned face of Jefferson yields to vibrant bands of orange, strawberry pink, blue and emerald green with a sandy color at the peripheries. The center of Monticello is also untoned with intermingled orange-yellow and walnut dominate the reverse with rainbow shades at the edges. A good strike is evidenced by full details on Monticello including five full steps. The surfaces are held back from the top pop grade by just a few significant marks in the focal areas of the coin.
    Comments:
    This coin replaces an MS67 in my registry set and nets a loss of 103 points. This begs the question. At what point does eye appeal overrule registry points? For me the answer is simple. If you look at the lower graded example and it strikes you as one of the most attractive coins you have ever seen for that date/mm, it becomes easy to include the lower graded coin in your set. The visual impact of this coin is undeniable despite the fact that some grader at NGC voted not to give this coin a star.
    In addition, this coin has full steps compared to the original slot holder which did not. The population in MS67 is 95/0. The population in MS66 FS including 6FS is 208/8. I believe that it is important to present a full step example for any date/mm that has a full step availability over 10%. The 1947-D was one of the few in my collection that violated that unwritten rule.
    Lastly, this is now the fourth coin from that incredible album collection bearing the certification # 2538159-xxx. The coin was purchased from the same E-Bay seller in December 2010 for a small premium over PCGS price guide.

  24. lehigh96
    Obtained a 1948-S Jefferson Nickel ANACS MS66 from Suchanm (E-Bay) for $17 to fill a slot in my album collection.
    This coin was purchased using a BIN option on E-Bay.
    1948 S JEFFERSON 5c *** SUPERB GEM BU + *** ANACS MS66
    Seller: Suchanm
    E-Bay Item #: 130467345467
    Ended: Jan 04, 201121:34:29 PST
    Coin Description:
    The obverse of this nickel displays an attractive distinctive, almost polished looking mint frost that seems to be common for the 1948-S. A very weak strike is evidenced by almost non-existent steps, incomplete details on Monticello, and flatness over Jefferson's ear. Significant planchet flaws appear on Jefferson's jaw and coat collar and the coin has significant marks considering the assigned grade. Silver-gray surfaces are complimented by champagne highlights on this attractive nickel.
    Comments:
    My primary focus for my album collection is to procure gem state raw coins with full steps. I have found that the best was to accomplish this is to buy ANACS graded coins and crack them out. And while the 1948-S is not rare in full steps with 1 in 20 having the designation, I purchased this coin because of the distinctive luster. I own an NGC MS67 1948-S that resides in my duplicate registry set that has almost the exact same luster and eye appeal. This current coin is inferior in both strike and surface condition, but the eye appeal from the amazing luster is undeniable. Personally, I limit the grade of this lustrous nickel to MS65 given the marks and strike.

  25. lehigh96
    Obtained a 1964 Jefferson Nickel NGC MS66* from Bowers & Merena for $98 on 6/18/10. I already own an MS67 but that coin has a worse strike and much less eye appeal than this coin.
    The auction was won using a max bid of $150.
    Bowers & Merena Auctions
    The June 2010 Baltimore Auction
    Paddle Number: 9025
    Lot #: 1703
    Description: Iridescent multicolored toning is most vivid along the upper-obverse border. A gorgeous Gem that really needs to be seen to be fully appreciated. NGC Census: just 1 in all grades with a * designation, to include both non-FS and 5FS examples.
    While the coin looks vastly different from the enhance photos used by the auction company, the quality of the eye appeal is undeniable. The untoned obverse center radiates outwards with a golden yellow zone followed by an explosion of rainbow bands across the entire upper portion of the coin. Intense bands of magenta, sapphire, and lime green then fade into a second progression of yellow and cherry red. The reverse bears a different toning pattern with violet in the center surrounded by slate blue with bright gold and pink on the peripheries.
    The overall strike of the coin is well above average for the issue despite the fact that steps are incomplete and would rate 5-3-3-5 using the quarter step method. All windows and doors are completely detailed on Monticello and the obverse hair detail is equally as strong.
    The surfaces of the coin are the only thing really holding the coin back. The number of hits and their size would normally resign this coin to no higher than MS65, but the incredible strike, luster, and phenomenal eye appeal of this coin leave the graders no other choice but to market grade the coin as an MS66*. The star is very well deserved and having seen many 1964 Jeffersons, I can attest to the rarity of eye appeal for the issue.