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lehigh96

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Journal Entries posted by lehigh96

  1. 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.

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  2. lehigh96
    Until now, all of my Journals have been a historical documentation of my coin acquisitions. I would like to take some time out in this journal entry to offer my congratulations to the 2011 NGC Registry Award Winners and to state my New Year's Resolution in relation to my collection.
    The Registry Awards this year seemed to have caused a very emotional response from many of the participants. I think it is important to realize that everyone in a position to win an award works very hard on their collections and they take those collections very seriously.
    I would like to congratulate all of the winners this past year and applaud their dedication to our great hobby. Furthermore, I would like to call special attention to the winner of THE MOST CREATIVE CUSTOM SET for 2011, THE BRG COLLECTION--HORSES. This is one of the most fantastic registry sets I have ever had the pleasure to view. Bravo Brandon on presenting such a fantastic set!
    To all of the participants who did not win an award, I would like to encourage you to keep working at improving your collections and your registry displays. Eventually your hard work will pay off. It took me three years to improve the presentation of my collection before I finally won a Best Presented Set Award in 2010.
     
    I was given an award for best journal entries over the last year. This came as a complete surprise since I had stopped posting my new acquisitions in my Journal entries midway through the year. 2011 was a difficult year for me personally with the loss of both my girlfriend and job in the last 6 months. As a result, my attention to coin collecting in general seemed to wane. But the journal award has inspired me to once again devote my passion back into numismatics.
    My New Year's resolution is that I will complete at least one Journal entry every month without exception. Since I only have 12 coins left to complete my Jefferson Nickel collection, it will be probable that I won't have a new acquisition every month. On the months that I don't have a new acquisition to create a new journal entry, I will create an entry entitled REWIND. These entries will focus on a coin that I have purchased in the past that will provide an opportunity to teach a valuable lesson about the Jefferson Nickel series.
    As a consequence of my current unemployment, I will be liquidating most of my collection outside of my Jefferson Nickels. This will include all of my rainbow toned coins as well as my duplicate Jefferson Nickels. Much of the higher end material has already been consigned and sold through Heritage. In order to help sell the rest of my collection, I will be opening a new E-Bay Store in the very near future. I have attached the logo below.
    Happy New Year to everyone and here is wishing everyone the best in 2012.

  3. lehigh96
    Obtained a 1959-D Jefferson Nickel PCGS MS66 from a Heritage 2011 Sunday Internet Coin Auction #131152 for $53 and 37 registry points.
    This auction was won using a max bid of $144.
    1959-D 5C MS66: NGC Census: (159/16). PCGS Population (40/0) (12/11).
    Auction: Sunday Internet Coin Auction #131152 Lot #27479
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: December 27, 2011
    Coin Description:
    An immensely attractive coin with super clean surfaces and a hammered strike. A bronze patina with highlights of pale lilac is brought forth by full mint bloom. A single mark that interrupts the steps precludes the full step designation on this coin with a full step strike.
    Comments:
    This coin is a BEAST. Superlative in every way yet PCGS just couldn't bring themselves to give it an MS67 grade and make it the lone top pop. This coin belongs in at the very least an MS66+ holder. My guess is that if resubmitted to PCGS, that is what would happen and NGC would upgrade it to join the other 16 MS67 examples. Interestingly, I posted a guess the grade thread about this coin on the CU forums and most of the members were less than impressed with the coin, but all of the Jefferson Nickel collectors agreed the coin is PCGS MS66 and NGC MS67.
    To find a PQ top pop Jefferson to add to my collection for a $50 price tag fills me with joy for this new year. This is what coin collecting is about. Using your superior knowledge about a series to find and acquire a PQ coin at a bargain price that others regard as common dreck. This coin is anything but dreck and thank God for mark on the steps, otherwise this coin would cost thousands of dollars.

  4. lehigh96
    Obtained a 1949-S Jefferson Nickel PCGS MS66 from a Heritage 2011 Sunday Internet Coin Auction #131152 for $56 and 59 registry points.
    This auction was won using a max bid of $89.
    1949-S 5C MS66: NGC Census: (130/21). PCGS Population (76/0) (12/11).
    Auction: Sunday Internet Coin Auction #131152 Lot #27475
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: December 27, 2011
    Coin Description:
    Attractive golden toning with lilac peripheries adorns this well struck premium gem with absolutely booming luster. The luster is so prominent that makes the minor imperfections on the surfaces seem to disappear to the naked eye. Great overall detail and excellent step detail despite not being full.
    Comments:
    The population in MS66 FS is only 19/3 for both services and drive prices in excess of $1,000. I would prefer to own an attractive full step example for this date/mm but until then, this attractive $50 coin will fill the slot nicely. Similar the 1949 that I purchased from the same Heritage Internet Auction, this is only the 2nd 1949-S MS66 to be auctioned by Heritage in the last 3 years. And while I would love to compare this to other 1949-S Jeffersons, this is the first one I have ever seen in hand. The word elusive comes to mind.

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  5. lehigh96
    Obtained a 1949 Jefferson Nickel PCGS MS66 from a Heritage 2011 Sunday Internet Coin Auction #131152 for $44 and 37 registry points.
    This auction was won using a max bid of $230.
    1949 5C MS66: NGC Census: (105/5). PCGS Population (72/0) (12/11).
    Auction: Sunday Internet Coin Auction #131152 Lot #27474
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: December 27, 2011
    Coin Description:
    Both sides of this extremely attractive lustrous premium gem show concentric bands of yellow, pink, lime green, orange, cherry red, and green. Well struck by 1949 standards and the majority of the roughness on the coin is from planchet flaws.
    Comments:
    At this point, my registry collection is 84% complete. Rest assured that any coin that gets added at this point has been extremely difficult to find. The 1949 is one of the toughest to find in the entire series IMO. Despite the fact that there are 175+ examples at the MS66 grade, this is only the 4th to be auctioned by Heritage in the last 3 years. And when a 1949 does hit the market, they are usually so totally uninteresting that I fall asleep while deciding whether or not to bid. Okay, so I made that up and I use Gavelsnipe for all Heritage internet sales, but my point is well taken. When this rainbow toned top pop PCGS 1949 Jefferson came to auction, there was no way I was going to let it slip through my fingers. I did not like the surfaces for an MS66, but understood that the eye appeal is undeniable, and possibly, unapproachable.

  6. 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.

  7. lehigh96
    Obtained a 1941-S Jefferson Nickel NGC MS67 from Teletrade Auction #3187 for $242 and 304 registry points.
    1941-S 5C MS67: NGC Census: (83/0). PCGS Population (1/0) (12/11).
    Auction: 3187 Lot #1745
    Seller: Teletrade
    Auction Ended On: December 11, 2011
    Coin Description:
    Remarkably clean surfaces are complimented by an alluring almond patina and full satin luster. Not the most attractive coin in the collection but it is very distinctive and technically deserving of the assigned grade.
    Comments:
    At first glance, this coin appears to be subpar when compared to other pre-war premium gem Jefferson Nickels. But as anyone who has ever scoured 41-S rolls in their search for the large S can attest, this coin is well struck and is a fantastic example for the date/mm. Remember, PCGS only has one coin certified at this grade and this one of only 83 NGC graded examples. Bowers reports that most mint state examples are weakly struck with unsatisfactory luster, dull and lifeless. Those words dont describe this example.
    And as nice as this coin is, it is relegated to my duplicate collection. With an NGC population of 9/11, my MS65 1941-S Large S occupies the slot in my registry collection despite the fact that it only garners 9 points. The Large S 1941-S is one of the coolest coins in the Jefferson series and deserves attention in the registry collection. And who knows, maybe one day NGC will wake up and recognize it for the important variety that it is and assign the appropriate registry points. And if they dont, and somebody happens to pass me in the registry, I have 295 registry points at my instant disposal.
    Sneaky, I know!

  8. lehigh96
    Obtained a 1955-D Jefferson Nickel NGC MS66 5FS from Teletrade Auction #3020 for $132 and 336 registry points.
    1955-D 5C MS66: NGC Census: (89/0). PCGS Population (30/0) (2/11).
    Auction: 3020 Lot #1235
    Seller: Teletrade
    Auction Ended On: February 23, 2011
    Coin Description:
    As expected for the date, the details are mushy in the centers, specifically the steps on the reverse and the ear area on the obverse. Otherwise, the coin is actually well struck. There is extensive die wear which yields superb luster on this lightly golden toned Jefferson. The surfaces are not spectacular but many of the distractions are remnant planchet flaws including the large flaw above the steps.
    Comments:
    As any experienced Jefferson Nickel collector can attest, they find themselves apologizing for the quality of the later date nickels. Compared to a pre-war time nickel, this coin is a chocolate mess, but for 1955, this is about as good as they come and worth of the assigned top pop grade.

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  9. 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!

  10. lehigh96
    Obtained a 1938-S Jefferson Nickel PCGS MS66 from Teletrade Auction 3191 for $150 and 37 registry points.
    This auction was won using a max bid of $275.
    1938-S 5C MS66: NGC Census: (507/255). PCGS Population (678/25) (11/11).
    Auction: 3191 Lot #1249
    Seller: Teletrade
    Auction Ended On: December 18, 2011
    Coin Description:
    Both sides of this minimally abraded premium gem are enveloped by a stunningly beautiful patina of lemon-lime, ice blue, lilac, and bright gold. In addition, the strike is hammered and the luster is shimmering.
    Comments:
    What holds this coin back from MS67 is beyond me. This is both an upgrade candidate and a crossover candidate to NGC. It is almost a certainty that this coin would grade MS67 by NGC and the star designation is also a "no brainer". I have had so much trouble with the 1938-S that the addition of this coin to my collection gives me much relief.
    My first two coins that held this spot were both very attractive untoned MS66 NGC examples. In February 2011, I finally was able to capture an MS67 example which now resides in my duplicates collection. Unfortunately that coin lacked the flare and eye appeal that I expect for my collection and quite honestly was overgraded despite the fact that it resided in an NGC 3 generation holder. When I located this coin in a Teletrade auction the week before Christmas, I knew my search was over. I placed an extremely strong bid of 5X PCGS price guide and prayed that it would hold up. To my surprise, it sold for less than 3X and the coin was mine. I would like to give a shout out to jonthecoinjunky who was the consignor of this coin and currently holds the 35th spot in the registry. Many thanks Jon, I know it was hard to let go of such a beautiful coin.
    This is not the first time that I have replaced a higher graded coin with a lower graded coin in my registry collection. And although I dropped from 288 points to 37 points, I firmly believe that when I cross the coin to NGC, it will come back with either an MS66+* or MS67* grade yielding 204 or 605 points respectively. Either way, this is by far the most attractive 1938-S Jefferson that I have ever seen and is a permanent resident in my registry collection.

  11. lehigh96
    Obtained a 1939 Rev of 38 Jefferson Nickel PCGS MS66 from a Heritage 2011 Sunday Internet Coin Auction #131119 for $40 and 45 registry points.
    This auction was won using a max bid of $80.
    1939 Rev of 38 5C MS66: NGC Census: (147/398). PCGS Population (218/27) (5/11).
    Auction: Sunday Internet Coin Auction #131119 Lot #20067
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: May 8, 2011
    Coin Description: A superb example of the date/mm with outstanding luster, and exacting strike, as well as a classic look of a premium gem mint state nickel with minimal toning. The two small marks on the jaw and coat collar preclude the MS67 grade by PCGS.
    Comments: It is this collector's opinion that this coin deserves an MS67 grade and that if it resided in NGC plastic, that is exactly what it would have. I must confess that I have cheated with regards to this issue in my registry collection. The coin that resides in the slot is actually a Rev of 40 but was graded before the two different reverses were recognized by the TPG's therefore is listed in the NGC database as a Rev of 38. And although I freely admit that the coin in my registry set is a fraud, I felt so guilty that I felt compelled to purchase an actual Rev of 38 for my collection.
    I have not added this coin to my registry set because I plan to send the coin for crossover grade to NGC in 2012. Currently it resides in my duplicates collection which is ranked 17th and is only 46% complete. It is possible that by the time I have completed my primary collection, my duplicate collection will also be in the top 10 of the registry.

  12. lehigh96
    Obtained a 1950 Jefferson Nickel PCGS MS66 from a Heritage 2011 Sunday Internet Coin Auction #131119 for $53 and 20 registry points.
    This auction was won using a max bid of $225.
    1950 5C MS66: NGC Census: (237/42). PCGS Population (88/0) (5/11).
    Auction: Sunday Internet Coin Auction #131119 Lot #20082
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: May 8, 2011
    Coin Description: This coin has a similar color pattern the king of my collection, the 1941-D. The obverse boasts intermingled lime green, cherry red, lemon yellow, and tangerine. Unfortunately, the color lacks the vibrancy seen on the 41-D due to subdued luster. The reverse has a sandy appearance with hints of the same rainbow toning in the fields while the devices are primarily untoned creating an unusual cameo appearance which is pleasing. The surfaces and strike are typical for the date, meaning they are not very good and planchet flaws are visible in the jaw, coat, and Monticello.
    Comments: It is funny that the 1950-D is considered the key date to the series because of mintage. Any seasoned collector will tell you that finding an attractive 1950 Philadelphia coin is a much tougher task. I own one of the 42 NGC MS67 graded examples, but the fact that this PCGS MS66 is representing the set should tell you all you need to know about it's appearance. This toned coin is attractive, but it is not a WOW coin and the discussion of it's flaws deserves equal time to it's positive attributes. Needless to say, this coin will be a temporary resident in this collection until the appropriate WOW coin can be located. The silver lining is that I only paid $53 for this colorful little gem.
    It is curious that since I purchased this coin in May 2011, NGC & PCGS have both added 3 more MS66 1950 Jefferson Nickels to their respective populations. This gives hope that a superb example will finally join the ranks of the certified populations and that it may find it's way into my collection.

  13. lehigh96
    Obtained a 1944-D Jefferson Nickel NGC MS67+* from Heritage Auctions on 2/27/11 for $184 and 490 registry points upgrading from an MS67.
    This auction was won using a max bid of $345.
    1944-D NGC MS67+*: NGC Census: (1923/1). PCGS Population (95/0) (12/11).
    Auction: Sunday Internet Coin Auction #131109
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: Feb 27, 2011
    Coin Description: From a technical standpoint, this coin is finest coin in the entire collection. The surfaces are immaculate and as close to MS68 as an early Jefferson Nickel can come. A small distraction between the 4th and 5th steps is all that precludes a full step designation of this nickel with an exacting strike. Stunning luster and fantastic pastel shades of sunshine yellow and pink toning combine to give this coin a visually paralyzing effect on first time viewers.
    Comments: In all of my time collecting Jefferson Nickels, I have never encountered a coin that deserved a higher grade than this coin. Every MS68 Jefferson I have ever seen had MS67 surfaces with mind blowing toning that yielded the MS68 market grade. If ever a coin deserved a "+" grade, this is it. Unfortunately, I just have not been able to enter this in my primary registry set as it competes for the same slot as my monster Appalachian.
    I have been slacking a little on posting my journal entries as I obtain the coins, but better late than never I guess.

  14. 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.

  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.

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  16. lehigh96
    Obtained a 1948 Jefferson Nickel NGC MS66 5FS from a Heritage 2011 February Long Beach Signature Sale Auction for $443 and 220 registry points.
    This auction was won using a max bid of $598.
    1948 5C MS66 5FS NGC Census: (6/1). PCGS Population (11/0) (1/11).
    Auction: 2011 February Long Beach Signature Auction #1152 Lot # 3293
    Seller: Heritage Rare Coin Auctions
    Auction Ended On: Feb 2, 2011
    Coin Description:
    Lovely apricot, ice-blue, and rose tints embrace this coruscating and crisply struck Premium Gem. Both sides appear pristine, and the eye appeal is exceptional.
    Comments:
    Simply finding a 1948 Jefferson Nickel in an NGC holder is difficult task as only 111 have been certified to date. Only 11 of those have been certified with full steps. This example is one of only 6 coins certified at the MS66 grade with only one coin graded finer. Once you account for the visual appeal of this coin and combine it with it's rarity, you are left with the feeling that it might not be possible to find a nicer example of the date/mm.
    PCGS examples of this date in MS66 FS drive prices in excess of $2,000. This coin basically sold for PCGS price guide for an MS65+ which is probably how this coin would grade by PCGS. The reverse surfaces and luster would keep it from getting an MS66 grade even though the obverse is solidly an MS66.
    One really can't appreciate how difficult it is to locate high grade Philadelphia mint full step Jefferson's from the late 40's until you attempt the search. Heritage archives show only 7 records for this coin in the last decade.

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  17. 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.

  18. 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.

  19. 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.

  20. 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.

  21. 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.

  22. lehigh96
    Obtained a 1948-D Jefferson Nickel ANACS MS66 5FS from Jefferson_Nickels (E-Bay) for $47 to fill a slot in my album collection.
    This coin was purchased using a BIN option on E-Bay.
    1948-D Jefferson Nickel Anacs MS66 5 Full steps
    Seller: Jefferson_Nickels
    E-Bay Item #: 230564954249
    Ended: Jan 04, 201121:34:29 PST
    Coin Description:
    Gorgeous light bright gold toning rests over lustrous, clean, and remarkably well struck surfaces. A few minor distractions and spotting limit the grade of this bold attractive premium gem.
    Comments:
    While denver mint Jeffersons are far more prevalent in full steps than their Philadelphia and San Francisco counterparts, finding coins from the late 40's with this combination of strike, luster, and eye appeal is not common at all. This coin will easily grade at the MS66 5FS level no matter which grading service is employed. A wonderful addition to my budding album collection.

  23. 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.

  24. lehigh96
    Obtained a 1956 & 1957 Jefferson Nickels NGC MS65 from Marbury63 (E-Bay) for $25 and 4 registry points.
    1956 5 cent NGC MS65 Richmond Collection
    1957 5 cent NGC MS65 Richmond Collection
    Seller: Marbury63
    E-Bay Auction #: 290506934772 & 290506935036
    Ended: Dec 05, 201022:10:30 PST
    Coin Description 1956:
    Delicate intermingled orange-gold and army green patina rests over smooth satin surfaces on the obverse. The shade of orange on the reverse is a little more intense. A rather typical strike with a somewhat dark appearance limit the grade. The steps are nice but suffer the typical weakness under the third pillar.
    Comments 1956:
    I purchased this coin because it is pedigreed to the "Richmond Collection". I had never heard of the collection and wanted to learn about the quality of the collection. My assessment is that the quality is pleasingly generic and this coin will serve as a guest in this collection until an upgraded example can be found.
    Coin Description 1957:
    Grey-gold toning with spotting over mushy satin surfaces. The steps which just fall short of full are the most redeeming quality of this coin.
    Comments 1957:
    According to Bowers, some attractive examples exist but most are dogs. most be one of the dogs that Bowers spoke about. The most unattractive example ever to enter this set will serve as a guest in this collection until an upgraded example can be found.
    The 1957 is severely lacking in eye appeal and is not deserving of it's photograph to be shown. Therefore, the photo of the 1956 will represent this journal entry.

  25. 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.