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5 Reasons To Collect Jefferson Nickels

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 Posted 06/27/2021  2:50 pm  Show Profile   Bookmark this reply Add Reclypso to your friends list
Here's a few of the toned ones I found hard to see in the pic but they are quite colorful in the right light.

Question: Does anyone know what's up with the circular markings on the bottom right coin? Found lots of coins with this pattern from the BU rolls.
5-Reasons-To-Collect-Jefferson-Nickels
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 Posted 06/27/2021  8:56 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list
Here's my favorite Jefferson nickel error. It has soooo much going on!

Lots of struck through areas on both sides, loss of rims at K:12/K:5 and flat center on Jefferson's bust (adjustment strike?), Progressive Die Transfer on obv and rev all with really strong mint luster.

5-Reasons-To-Collect-Jefferson-Nickels
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
5-Reasons-To-Collect-Jefferson-Nickels


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 Posted 06/27/2021  9:07 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list
That's a really nice coin. I just do nickel due to the how hard it is for me to find pre1950 in early die state and in good grades.
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 Posted 06/27/2021  9:50 pm  Show Profile   Bookmark this reply Add TNG to your friends list

Quote:
Waiting for TNG to make a statement.


Hard to add to what the article said and the posts by members.
If anything, I would recommend collecting the pre Westward years with the obverse shown on my avatar first in mint state.
I have been collecting these for over 40 years.
Some of these old nickels have no real special eye appeal and then there are those that jump right out at you.
I think it is a beautiful series and am a big fan of Thomas Jefferson as a founding father.
I have a full step set, but of course, some, like the article states, are very rare. I don't have a full step with the 53S 54S 69D etc. but I do have nice examples with "some" steps that will have to do. Many are "full steppers" in higher mint state grades, a bunch are not often found with full steps very easily but my set includes some of those.

There's no real hard and fast rule to collecting but having looked a many nickels, sometimes you find a mixture like I have that compliment each other. Some have more eye appeal and others are unusually well struck for the issue.

A fun set to make up with my duplicates was in a 1938-1964 Capital Plastics holder. It is a very colorful pretty set with above average examples. I have a few 11 coin BU War Nickel sets in Capital Plastics holders too.
5-Reasons-To-Collect-Jefferson-Nickels
Pictures don't do justice but I suggest putting together this collection for anyone. You can't go wrong in the long run.
5-Reasons-To-Collect-Jefferson-Nickels

I thought that Jefferson nickels would have performed better over the 40 yeas I've been into them but a lot of other coins have done much better. If I sell off my collection, I bet that they would increase dramatically. I've been through that with some old type coins I sold and regretted it.

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 Posted 06/27/2021  10:53 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list
The circular marks are from a coin roller while putting the coins into a roll.
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 Posted 06/28/2021  11:06 am  Show Profile   Bookmark this reply Add TNG to your friends list

Quote:
The circular marks are from a coin roller while putting the coins into a roll.


If you are referring to the image recently posted by Yokazuma, you may be seeing Progressive Indirect Design Transfer which is sometimes seen as a horseshoe shape in the field on the reverse of some uncirculated Jefferson nickels.
Not a die clash or damage.
http://www.error-ref.com/progressiv...gn-transfer/
Edited by TNG
06/28/2021 11:12 am
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 Posted 06/28/2021  12:14 pm  Show Profile   Bookmark this reply Add jbuck to your friends list
Lovely nickels!

The Capital Plastics holders are always impressive.
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 Posted 06/29/2021  1:46 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list
@TNG Raised on rock was answering a question from Reclypso, found at the bottom of the first page, and not commenting on my coin. The image of the toned nickels shows a 2003-D Jefferson with the tell-tail circular mark from a Coin Wrapping Machine on the obverse.

I just happened to post my reply with the multi-error Jefferson between the replies. Sorry if my timing was bad. I didn't mean to confuse things.
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
5-Reasons-To-Collect-Jefferson-Nickels


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 Posted 06/29/2021  5:42 pm  Show Profile   Bookmark this reply Add TNG to your friends list
Oh okee doke. Thanks for the clarification.
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 Posted 07/01/2021  2:40 pm  Show Profile   Bookmark this reply Add coinnewcomer1 to your friends list
I enjoyed the article and responses. I think the only obstacle to Jefferson's gaining more demand is they, like the Roosevelt dime, have humungous mintages and not the longevity of the Lincoln Cent (or iconic image of Lincoln). They are undervalued (only Roosevelt dimes are more undervalued in gem grade) and I agree finding a Jefferson nickel in Au or even XF prior to the Westward Journey nickels can be tough with finding MS tougher.

For me, I find nickels, along with most other coins a great series to search for nice examples in circulation. Except for the most current year, most are fairly worn but I have found a high XF 1982 P, a 1997 one with lovely cameo shades even with some scratches from wear. But other than that not much but it is fun searching as it is one of the few series you will come by clad 1940's and even a 1939 in circulation more often than you would with some other denominations.

I will say Jefferson Proofs are some of the msot beautiful coins in US numismatics - simple but reakky oretty if it is a high grade Proof.
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 Posted 07/01/2021  3:42 pm  Show Profile   Bookmark this reply Add cladking to your friends list

Quote:
I enjoyed the article and responses. I think the only obstacle to Jefferson's gaining more demand is they, like the Roosevelt dime, have humungous mintages and not the longevity of the Lincoln Cent (or iconic image of Lincoln). They are undervalued (only Roosevelt dimes are more undervalued in gem grade) and I agree finding a Jefferson nickel in Au or even XF prior to the Westward Journey nickels can be tough with finding MS tougher.


You're right that the mintages are huge but the implication that there were a lot saved is only partially correct. Some dates like the '68-S were saved by the millions. Most of them look awful because that's the way they were made but some of the mint set coins look really special.

But some other dates were barely saved at all. 1971 nickels must have just slipped into circulation while no one was looking because almost all of this date are mint set coins. The same applies to some of the later coins like the '74-D or the '76. It might be years before we know all the dates that were very lightly set aside. Some of the '80's and '90's like the '95-D and '97-D will be on the list. Keep in mind though that with nickels it's quality that counts and many mint set coins are tarnished now. It can be pretty tough finding really nice coins that have a little "pop" to them.

Ironically there are millions and millions of pre-1960 Jeffersons in XF and AU but with later dates there are very few until you get down to low grades in circulation. Due to the huge attrition of nickels in circulation it can be difficult to find some dates even in bad condition.

Three generations of collectors have just let these coins slip away.

There are lots of great older coins. I think the '50, '51-S and a few others are undervalued. There are some great Gems in the early dates that are fun. Even the coins that exist in huge quantities like the '55 can be tough in high grade.

The whole series is great but I like the later dates because most are scarcer than the old ones in any collectible condition.
Time don't fly, it bounds and leaps.
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 Posted 07/01/2021  8:15 pm  Show Profile   Bookmark this reply Add kenwright396 to your friends list
Concur with the 5 reasons, but they just don't have the visual appeal as others such as the Buffalo nickel.
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 Posted 07/06/2021  12:05 pm  Show Profile   Bookmark this reply Add nick10 to your friends list
That's damage from a Coin Wrapping Machine.

The nickel was the US mint's first circulating "token" since, unlike other coins when it was introduced, the value of the nickel's metal content was significantly less than face. As a result, per Gresham's Law, the nickel was spent first while silver and even copper coins were spent later. Due to frequent spending, most surviving Shield and Liberty nickels are in low grades. There is also the usual supply of AU to MS examples that were put aside by collectors, or otherwise lost to circulation. Compared to other denominations, a smaller than usual per cent survive in grades like VF and XF. Assembling a collection of VF to XF early nickels is more challenging than one might expect.
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 Posted 07/07/2021  2:13 pm  Show Profile   Bookmark this reply Add coinnewcomer1 to your friends list
Cladking - Agree wholeheartedly. I just think when collectors seek a coin to pursue they see the gigantic mintages of Jefferson nickels for the past 70 years not realizing that there are quite a few years finding them in decent grades is a bit difficult even in Mint sets, never mind circulation. For example, I kept a 1982 Jefferson nickel that I would grade XF because I rarely see in my coin roll hunting (I only get at most 5 at a time but every one to two weeks) 1982 Jeff Nickels in this condition in circulation. Of course Mint sets technically you will find them all Uncs but as you note the quality of them can be mediocre or even poor.

One strategy I do now is for Lincoln cents and Jefferson nickels, I try and get a fresh Unc from a roll from the bank of the year's issue. 2021 has been a difficult one. But I do it for these two issues as the Jefferson nickels seems to get circulated quickly and drop quickly to AU (unless you luck into a bank roll of fresh Uncs) because collectors don't bother with them as much as other issues, the Lincoln cents due to spotting with each year varying in the degree of spotting. 2021 has been a rough year for these two series. Finally, the difficulty finding nice modern Jefferson nickels is the reason I get a Mint set every year. The only consolation is the quality has improved since the nadir in the late 60's through early 80's as all have full steps and a decent strike. Nevertheless, the current design of the Jefferson makes them prone to bagmarks and nicks from contact with other coins due to the number of open, unprotected fields, probably more so than the earlier designs.

As I may have written elsewhere, Jefferson nickels are not one of my main collecting areas, I treat it as a series to search in circulation at times and one of my many reason I get a Mint set annually from the US Mint.
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 Posted 07/07/2021  11:26 pm  Show Profile   Bookmark this reply Add cladking to your friends list
Coinnewcomer1:

Nice attractive Jeffersons can be very tough. Circulated coins are often culls or were very poorly made in the first place. BU's are often ugly and only rarely have all the planchet scratches struck out. Dies are overused and misadjusted.

Circulation now seems to just grind coins up because they aren't worn like in the old days so much as they are ground up by coin counters. Setting aside new and attractive coins is a good idea. Look at a few mint sets and don't forget most of the nickels can be cleaned by soaking in alcohol. Some of the mint sets are getting pricey but others are still almost dirt cheap.
Time don't fly, it bounds and leaps.
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