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 Replies: 15 / Views: 1,833 |
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Pillar of the Community
United States
721 Posts |
I have several rolls of uncirculated Jeff nickels from 1966. Numismedia shows a dramatic increase in price as you get to MS 65 state and beyond. MS 63 $0.36 MS 64 $1.80 MS 65 $15 MS 66 $125 MS 67 $1060 Seriously, what are the chances of me finding an MS 65, 66, or 67 in these rolls? javascript:insertsmilie('  ') I probably have about a dozen rolls (I haven't counted them), but they are not shotgun rolls. They are hand-marked "unc" and I believe them to be bank rolls, NOT hand rolled by someone. (I got them from someone who used to work in a bank. I believe she obtained them when they were newly issued.) Should I leave them as they are and don't open them or sort through them and post pictures of my best findings here? I probably won't get to this project for another week or two, but I would like to get your thoughts and opinions before I begin. Thanks! |
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Bedrock of the Community
United States
10029 Posts |
Funny your timing on this. I was about to ask the same question - a bunch of 66 nickels in original rolls!
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Pillar of the Community
United States
809 Posts |
Just open them! it doesn't matter whats written on the rolls...just open them and tell us what you got!  |
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Pillar of the Community
 United States
721 Posts |
Earle42 - great! You'll check yours and I'll check mine and let's compare our findings!
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Bedrock of the Community
United States
10029 Posts |
Unfortunately it will have to be at least Monday before I can start.  Since the last I was really interested in grading my coins was just as they were starting the MS system (dates me huh?), I am not sure I would know an MS65 from an MS70. It does not help that the only slabbed coin I own is a PCGS MS70 ASE and I found when, I put it under my magnifier, that it is not the perfection that I have read MS70 means. I guess I just pull out the best looking/brightest.  How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Pillar of the Community
United States
721 Posts |
Same here, will probably be later next week, but I think the folks here will give us a good indication of the MS condition. I haven't had much practice with MS grading, and this is how I will learn, hopefully.
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Valued Member
United States
111 Posts |
I think it'd be best to open them, because who knows, you may find some high-grades! Personally, I'm not very good at grading mint state coins, but I'm sure if you find pictures, then that should help.  |
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Moderator
 United States
15381 Posts |
My opinion is to open them and carefully pay attention to not only perceived grade ... but most important ... step detail. The 'prices' you quoted above may be accurate for correctly graded MS coins ... but the key value in 1966 Jefferson is MS coins with full 5-step detail. Assume you know how to check for this full step (FS) detail ... otherwise a forum or Internet search will provide plenty of knowledge. This is a big deal if you can actually find a Mint State (MS) Full Step (FS) coin! Consider the following from today's (5-06-2011) PCGS price guide for 1966 Jefferson .... MS63 - No PCGS price noted MS63FS - PCGS price guide @ $500 MS64 - No PCGS price noted MS64FS - PCGS price guide @ $1750 MS65 - PCGS price guide @ $27 MS65FS - PCGS price guide @ $3500 My vote ... crack those rolls open and pay attention to the reverse of the coins for step details.  I suppose you can hold them forever and allow your heirs to deposit them for spending cash. Open them ... share with us know what you find. David |
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Pillar of the Community
United States
721 Posts |
Thanks for the info nickelsearcher. Will crack them open this next week, hopefully.
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Bedrock of the Community
United States
17884 Posts |
The odds are not good, as those prices should indicate. And then if you DO find some really high grade coins, you then have to worry that the TPG will slab them as SMS. That does happen. |
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Pillar of the Community
United States
721 Posts |
Edited by drdave
05/10/2011 8:07 pm
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Pillar of the Community
United States
3345 Posts |
Im thinking #2 is the best
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Moderator
United States
15381 Posts |
I congratulate you on the excellent photos ... and offer my Thanks for following-up on your roll finds.  We truly did not expect to find any MSFS 1966 Jefferson ... these are tough indeed and their relative scarcity is reflected in the pricing structure I shared above. That said ... your three coins appear to be lovely MS coins ... with the typical weak strike that exemplifies the date. The lack of detail is not wear but strike weakness. I say all three are MS65 or better ... full luster, minimal bag hits, clean fields and lovely. I apologize for not taking the time to post specific comments on each of your coins ... but coin #1 appears by photo to be the best to my eye. This Jefferson (coin #1) could be MS66 ... Looking again ... maybe even coin #2 might grade MS66 ... but concerned about the bag hit in the reverse field below the "M" of UNUM. All in all a great contribution to the remaining Jefferson MS coins. David Take a look at my other hobby ... http://www.jk-dk.art |
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Bedrock of the Community
United States
10029 Posts |
These are great looking Jeffersons! I hope to be able to get to mine tomorrow.
BTW - is there a premium for thee MS65 or 66 nickels? Is it only full step varieties that are worth getting slabbed (still a newbie in the area of slabs)?
What would the value of these nickels shown above be?
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Pillar of the Community
United States
721 Posts |
Thanks nickelsearcher. I divided the lot depending on the steps that I could see. Seeing that none of these are close to FS, would any of the other (even weaker strikes) grade as high as these three? In other words, with the remaining ones, should I be scrutinizing them for clean fields (minimal marks)?
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Bedrock of the Community
United States
10029 Posts |
Well I finally got a chance to get some of them done. Of course the majority so far are step-less, but I have found some that have some steps like the above pics.
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Replies: 15 / Views: 1,833 |
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Posted 05/06/2011 1:10 pm
