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1962 Nickel Pricing Question

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xcelr8r's Avatar
United States
12 Posts
 Posted 04/26/2024  02:03 am Show Profile   Bookmark this topic Add xcelr8r to your friends list Get a Link to this Message Number of Subscribers
I am going thru some nickels that I inherited. I have a 1962 that looks to be in good condition. After researching and trying to understand a price, I am confused and do not understand the difference between a 1962 that sold for $21,150.00 and one that is for sale on ebay for $2.99

Here is the $21,150.00 coin https://coins.ha.com/itm/jefferson-...ption-071515

Here is the $2.99 coin. https://www.ebay.com/itm/305531632365

I really do not understand the difference in these two coins and why such a big difference in price.

Thank you for helping me understand the pricing of the 1962 nickel

This is my Coin.


1962-Nickel-Pricing-Question
1962-Nickel-Pricing-Question
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United States
1655 Posts
 Posted 04/26/2024  04:25 am  Show Profile   Bookmark this reply Add lcutler to your friends list Get a Link to this Reply
The expensive one is a very high grade business strike coin with full steps. This means the steps on Monticello on the reverse are complete and fully struck. The cheap one is a proof coin, proofs are made for collectors and sold in sets and are always very high grade and with sharp details. Yours is a business strike, but much lower grade than the expensive one and yours shows the usual lack of detail on the steps. While yours is a nice looking coin it has very little value. This is a very abbreviated explanation, but you can google full step nickels, proof vs business strike and spend hours reading!
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nickelsearcher's Avatar
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15381 Posts
 Posted 04/26/2024  06:49 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
to the CCF

There is also the impact of well heeled collectors chasing the very top graded coins for what is known as a 'Registry Set'. The Heritage coin is a Top Population example and as such there are folks who will pay moon money to have it in their sets.
Take a look at my other hobby ... http://www.jk-dk.art
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ijn1944's Avatar
United States
19107 Posts
 Posted 04/26/2024  07:01 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Agree with all above.
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Dearborn's Avatar
United States
94584 Posts
 Posted 04/26/2024  07:58 am  Show Profile   Bookmark this reply Add Dearborn to your friends list Get a Link to this Reply
Yes with above - also Proof coins don't qualify for the FS (Full Steps) designation, as because they are proofs and are expected to be well struck unlike the business struck coins that we intended for circulation.

Also there is a good chance that the nickel that sold for $21,000 is not worth that much anymore - the auction was 11 years ago.

I read an article the other day about the 1995-W American Silver Eagle Graded with PCGS at PR70 that sold at auction for over $86,000. because at the time only 7 were graded at that level. now there are Much more of them graded at PF70 and the going price is only at about $12,000 $25,000. The person that bought the one at the super high price will never be able to get his money back that he paid for at the beginning.

I'll see if I can find that article.
Edited by Dearborn
04/26/2024 08:09 am
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 Posted 04/26/2024  10:14 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply


to the CCF!
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xcelr8r's Avatar
United States
12 Posts
 Posted 04/26/2024  11:25 am  Show Profile   Bookmark this reply Add xcelr8r to your friends list Get a Link to this Reply
Thank you for all of your responses! The more I get into collecting coins, the more I am interested in the mystery of the coins. It is a fun hobby.
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