1948 Jefferson Nickel NGC MS66 5FS by lehigh96

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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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