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1960 Jefferson Proof Or Business?

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New Member
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 Posted 09/25/2017  6:19 pm  Show Profile   Bookmark this reply Add nicrob42 to your friends list
I also have been scratching my head and looking online at others and I found the coin below online for sale and it was graded a MS66 by NGC and the rims are more like mine. I'm just not sure anymore it seems the more I try to figure it out the more I get confused.


1960-Jefferson-Proof-Or-Business?
1960-Jefferson-Proof-Or-Business?
1960-Jefferson-Proof-Or-Business?
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 Posted 09/25/2017  6:19 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list
It looks like a proof. Business strikes don't generally develop that smooth haze over the surfaces.
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 Posted 09/25/2017  6:22 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list
I will default to considering it a Proof. The steps are hammered, and Full Steps Business Strike 1960-P's are among the rarest of all Jeffersons in that state. PCGS shows over a thousand grading events for 1960-P, and 20 FS coins. Moreover, you can assume some of those are crackouts since the retail value quadruples between 64 and 65.

For the record, there are no 1960-P Jeffersons higher than MS66 at PCGS either.
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 Posted 09/25/2017  6:34 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
It is an impaired proof but it looks like someone sneezed on it
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 Posted 09/25/2017  6:45 pm  Show Profile   Bookmark this reply Add Mark1959 to your friends list
Nicely squared rims and the steps are killer.... Proof.
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 Posted 09/25/2017  7:10 pm  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list
It looks like an impaired proof to me. The steps and rim are dead giveaways and the hazy fields are, as well. The haziness looks very similar to what's on a 1955 proof I bought (posted here somewhere) but, yours has progressed much further.
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 Posted 09/25/2017  7:38 pm  Show Profile   Bookmark this reply Add bd251 to your friends list
Unless I'm missing something, that nickel is dated 1961 not 1960
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 Posted 09/25/2017  7:47 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list

Quote:
Unless I'm missing something, that nickel is dated 1961 not 1960


Must you complicate things with reality?

So, I'll modify my statement above: there are only 17 of these in FS at PCGS, not 20.

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 Posted 09/25/2017  8:07 pm  Show Profile   Bookmark this reply Add bd251 to your friends list

Quote:
Must you complicate things with reality?


I sometimes find it necessary But everyone else was on board with 1960, so I thought maybe I was the one seeing things. Too bad about the haze, otherwise it would probably be easier to tell proof from a business strike. Having said that, what I have learned about Jefferson nickels from this site makes me say proof based on the reverse.
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 Posted 09/25/2017  8:13 pm  Show Profile   Bookmark this reply Add moxking to your friends list
Those steps sure say proof. You might try a pure acetone soak to get rid of the fly specs.

I think this is one that deserves a MS NGC submission if the specks disappear.
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 Posted 09/25/2017  8:29 pm  Show Profile   Bookmark this reply Add Buddy to your friends list
Rims....? All I see are those steps! Wowie!
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 Posted 09/25/2017  8:49 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
I have to go with an impaired proof. I wouldn't bother using Acetone , those spots will just laugh at it . No need to send it in . Full stepper ,it's a keeper .
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 Posted 09/25/2017  11:02 pm  Show Profile   Bookmark this reply Add TNG to your friends list
nicrob42 1961 is a proof. Not the most expensive Jefferson proof so there is no big deal it has some issues. Easy enough to replace. There are quite a few different doubled dies for 1961 proofs so look closer, it might make for a better coin if you find some true doubling on it.
The flat rims are always a clue, but the flat field to the inner rim is the way to tell if it is proof.
The slabbed 1960 one is not, the obverse is obviously a business strike.
Look at the slabbed obverse particularly at the word IN and on the obverse at UNITED on the reverse where the field is curved up toward the rim.

I would point out that in the center of Jeffersons, the front door area and on the obverse the jaw and collar on his coat will sometimes show what looks to be scratches from contact or "bag marks".
I am convinced that these are often just leftover imperfections on the blank planchets.

1960-Jefferson-Proof-Or-Business?

Nickels are pretty hard coins and the pressure of the dies does not completely smooth out all these little imperfections on a fresh off the dies coin.
I think that might be why the MS66 nickel gets the grade despite what you see there on Jefferson's jaw and under the roof on the reverse over the pillars.
I think, the coin graders know this about coins, that they distinguish the difference between contact marks and planchet flaws.

So when you shop for a graded coin, or cherry pick from an uncirculated roll, you may find one with these marks where they are usually found, or you'll find nicks and bag marks and hits from the coins coming in contact with other coins in the bins and rolling machines. It might interest a fussy collector to look at these marks under high magnification and learn to tell the difference. They are not scratches. Which would you rather have? I'd rather have one that is without either and sharply struck myself.
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 Posted 09/26/2017  1:57 pm  Show Profile   Bookmark this reply Add nicrob42 to your friends list
Sorry about putting the incorrect date on my post. I also want to thank everyone for the great info & opinions it really helps! I'm going to post some 1965, 1966 & 1967 sometime today that I need help with figuring out business from SMS they are really difficult for me to determine.
Edited by nicrob42
09/26/2017 1:59 pm
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 Posted 09/26/2017  2:13 pm  Show Profile   Bookmark this reply Add TNG to your friends list
The 65 66 and 67 will be difficult for a lot of us. If they are in the least circulated, I would not worry about whether they are circulated or SMS coins.
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