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Value Of A '59 NGC MS-63 "Black Beauty" Jefferson?

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Yokozuna's Avatar
United States
4618 Posts
 Posted 11/23/2011  01:08 am Show Profile   Bookmark this topic Add Yokozuna to your friends list Get a Link to this Message Number of Subscribers
Can someone give me a value on an Improperly Annealed 1959 Jefferson? It's a very nice looking coin and I've always wanted to add one to my collection, but I don't know what to pay for one.

I can get an NGC MS-63 with no distracting marks for about $25. All my books are packed up and I can't get to them so I need some help.

Any information would help.

Thanks!
Ben

Value-Of-A-'59-NGC-MS-63-
ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
Value-Of-A-'59-NGC-MS-63-


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numismo's Avatar
United States
3039 Posts
 Posted 11/23/2011  01:50 am  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
If you're happy with the coin, slab and cost (hopefully with shipping) go for it.
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VACookey's Avatar
United States
155 Posts
 Posted 11/23/2011  07:56 am  Show Profile   Bookmark this reply Add VACookey to your friends list Get a Link to this Reply
$250. I saw it on HSN so it must be true!
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yankee1227's Avatar
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1151 Posts
 Posted 11/23/2011  08:15 am  Show Profile   Bookmark this reply Add yankee1227 to your friends list Get a Link to this Reply
Probably somewhere around $15. Not too sure but it sounds fair.
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biokemist6's Avatar
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12437 Posts
 Posted 11/23/2011  11:34 am  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
It won't be much help for 6 more days but Fred Weinberg currently has an [eBayItem]390366516457[/eBayItem] listed that matches your coin. He also had another [eBayItem]390364045618[/eBayItem] that ended a few days ago.
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Yokozuna's Avatar
United States
4618 Posts
 Posted 11/23/2011  3:39 pm  Show Profile   Bookmark this reply Add Yokozuna to your friends list Get a Link to this Reply
Thanks, biokemist! It looks like $25 is about right. I remembered that I could check completed sales on ebay, Teletrade and Heritage! I'll also keep an eye on the one on ebay. Maybe I can save a few bucks.

I think $15 for the coin would be right on the money, yankee. I'll pay an extra $10 for the slab and I don't have to worry about shipping.


Quote:
$250. I saw it on HSN so it must be true!

WOW! What's that the 800 number again?!? How do those guys sleep at night? (Yeah, I know, on great big piles on money.)

ANA ID: 3203813 - CONECA ID: N-5637 Clean a coin that may be worth collecting? Please DON'T! When in doubt, leave it dirty!!
Value-Of-A-'59-NGC-MS-63-


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Granite's Avatar
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297 Posts
 Posted 11/30/2011  3:01 pm  Show Profile   Bookmark this reply Add Granite to your friends list Get a Link to this Reply
I just checked the 2012 RedBook and they don't reference this variety/error. Does anyone know approximate mintages for this coin? Also, could someone please post a photo of both 1959 varieties next to each other to better show the difference?
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biokemist6's Avatar
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12437 Posts
 Posted 11/30/2011  3:17 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
Since it is a random error and not a die variety, there is really no good way to estimate populations other than what is available in the market. 1959 does seem to be the most prevalent year for the Black Beauty nickels but other years from the 50s and 60s exist as well. "Black Beauty" is really just a fancy marketing term, the correct name would be improperly annealed planchet. Planchets are heated(annealed) before striking to soften them. If the planchets are left in the annealing oven too long, the resultant coin will have a very dark or coppery appearance but it will still have the full luster of any other uncirculated coin. Planchets from other denominations can be improperly annealed as well, it is not unique to nickels. However, it is not possible on post-1982 Zincolns since those planchets are the only ones that do not require annealing.
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