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1947 Jefferson Nickel, Misgraded By NGC?

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Pillar of the Community
United States
3207 Posts
 Posted 05/22/2020  11:59 am  Show Profile   Bookmark this reply Add nick10 to your friends list
MS66 maybe, but certainly not FS
Bedrock of the Community
United States
94367 Posts
 Posted 05/22/2020  12:04 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Sure looks generous to me.
Bedrock of the Community
United States
36905 Posts
 Posted 05/22/2020  2:47 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list
With all the marks on the jaw and cheek bone, I can't see this above MS-65. FS....not even on a good day.
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United States
4989 Posts
 Posted 05/22/2020  3:06 pm  Show Profile   Bookmark this reply Add fenton to your friends list
I was able to retract my bid. They added one more photo and it's very clearly only 3 steps not 5. I think the grader at NGC wasn't properly trained.
1947-Jefferson-Nickel,-Misgraded-By-NGC?
Pillar of the Community
United States
4989 Posts
 Posted 05/22/2020  3:35 pm  Show Profile   Bookmark this reply Add fenton to your friends list
Here's the holder on this one. Kind of mind boggling since it is tied for "finest known FS" with a market value estimated at a couple $k. You would think that more care would have been taken for a registry type coin.


1947-Jefferson-Nickel,-Misgraded-By-NGC?
Rest in Peace
United States
18456 Posts
 Posted 05/22/2020  4:37 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
This is why I don't buy slabbed coins . Their are many PCGS ,NGC, and ANACS graded coins that I just don't agree with the grade . I would only buy a TPG if the coin was a top key date and only for authenticity .
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 Posted 05/22/2020  4:44 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list

Quote:
This is why I don't buy slabbed coins . Their are many PCGS ,NGC, and ANACS graded coins that I just don't agree with the grade . I would only buy a TPG if the coin was a top key date and only for authenticity


I usually have issues with numerical grades, but strike designations I'm with you on.
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United States
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 Posted 05/22/2020  7:41 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list
Nowhere near FS. And no 67 IMO, I would expect a stronger strike at 67 and far less contact marks.
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United States
4989 Posts
 Posted 05/24/2020  6:59 pm  Show Profile   Bookmark this reply Add fenton to your friends list
Bid now $650 on this one even though it's obviously neither 67 nor FS. People buy the holders not the coin nowadays.
Edited by fenton
05/24/2020 6:59 pm
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8940 Posts
 Posted 05/24/2020  7:01 pm  Show Profile   Bookmark this reply Add GrapeCollects to your friends list
Many people do Fenton. I sure as heck don't, it took 2 months of dedicated searching to find an MS67FS War Nickel that was actually FS and actually 67.
New Member
Brazil
25 Posts
 Posted 05/29/2020  10:27 am  Show Profile   Bookmark this reply Add FullStepper to your friends list
It is nice to know that here there are people willing to give their opinion on what they believe a coin should be graded. The best advice I was given was, before any coin is purchased via an online market venue; find out what their return policy is. If you are able to put the coin in your hand and see with your own eyes I'd say, if you buy it....its yours.
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4989 Posts
 Posted 05/29/2020  12:38 pm  Show Profile   Bookmark this reply Add fenton to your friends list
Apparently NGC's definition of 5FS is that any vertical slice has 5 full steps. PCGS however requires the entire line to be unbroken. Would be nice if these TPG's could have a consistent definition.
Edited by fenton
05/29/2020 12:38 pm
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Canada
857 Posts
 Posted 05/29/2020  1:23 pm  Show Profile   Bookmark this reply Add Numis-Northerner to your friends list

Quote:
. PCGS however requires the entire line to be unbroken. Would be nice if these TPG's could have a consistent definition.


Most TPGs aren't even consistent with their own standards.

I have seen coins with less than 2 steps get the FS designation from PCGS.

Either these TPGs can't properly attribute/grade full steps, or they can, and they just pick and choose when to give them out. I have seen nickels that should of gotten a full steps designation come back without one.
Rest in Peace
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 Posted 05/29/2020  4:17 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list
That's it guys , keep buying those slabbed coins because of what they print on their labels !
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United States
258 Posts
 Posted 06/08/2020  2:08 pm  Show Profile   Bookmark this reply Add Fury to your friends list

Quote:
That's it guys, keep buying those slabbed coins because of what they print on their labels!

I agree, people just don't get that they're wasting their money on slabbed coins because of what the label says.
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