1950 Jefferson Nickel NGC MS66 5FS by lehigh96

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Obtained a 1950 Jefferson Nickel NGC MS66 5FS from Teletrade Auction #3299 for $360 and 527 registry points.

 

The coin was won using a max bid of $400.

 

1950 5C MS66 5FS: NGC Census: (7/2). PCGS Population (29/2) (6/12).

Auction: 3299 Lot #1294

Seller: Teletrade

Auction Ended On: June 24th, 2012

 

Description:

This coin boasts a deep golden orange patina on both sides. Very well struck for the date/mm with full hair detail, excellent detail on Monticello, and full step detail. There is some weakness in the fourth quadrant of the steps but it is not severe enough to cause any bridging of the steps. An appropriate number of minor ticks for the assigned grade, satin luster, and nice eye appeal.

 

Comments:

To the casual collector, this coin will seem very unimpressive and some may even question its inclusion in this set. But to the Jefferson Nickel connoisseur, this coin represents the perfect balance of overall quality and rarity. According to Nagengast, only 1 in 150 1950 Jefferson Nickels will have 5 full steps. Finding one in premium gem condition is extremely challenging as is evidenced by the population reports.

 

This coin has replaced an NGC MS67 with blazing luster and a PCGS MS66 with crazy rainbow toning. The reasons are simple. Both of those coins have glaring weaknesses. The NGC MS67 has a great overall strike but terrible step detail and is indisputably low end for the assigned grade with respect to surface preservation. The PCGS MS66 also has a great overall strike but terrible step detail and is plagued by remnant planchet flaws on Jeffersons jaw and coat collar. And while the rainbow toning greets you first, the planchet flaws successfully hurt the eye appeal that the toning provides.

 

The current coin has no weaknesses. It is not the most lustrous. It does not have superlative eye appeal. But the strike is outstanding and the resultant full steps provide a level of rarity that make it worth of inclusion in a high end registry collection.

 

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[lehigh96]

Larger Photos:

 

[mkman123]

can you post pics of the other two coins that this replaced so we can see and compare?

[lehigh96]

can you post pics of the other two coins that this replaced so we can see and compare?

 

Sure