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 Replies: 9 / Views: 1,071 |
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Bedrock of the Community
 United States
12817 Posts |
Picked this one up from my bullion dealer last night. I don't usually buy coins from him but he does have a bunch. He primarily deals in bullion so I'm not sure if his grading is accurate. I didn't spend a great deal on this coin but I am thinking of giving it as a gift, so want to make sure it's properly represented.   I apologize that the pictures are somewhat washed out and not as crisp as they could be. Was in a hurry and had to take w/ my phone. Thanks! [edit: updated topic to be more specific] Edited by CelticKnot
12/10/2011 4:52 pm
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Pillar of the Community
1028 Posts |
yeah, the washed out appearance in the pics does present a problem. I'll do my best and say MS-63. FMV has that grade at $7.80. I've seen many dealers price some of the early Jefferson's fairly high, not sure why that is. This coin could often be seen selling for more than $9. I think it could be had for $5 or less on ebay with some searching. Unfortunately, I don't really see any steps there at all. It's nice though, a solid addition to somebody putting together a BU set of Jeffersons and not looking for super high grade pieces. |
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Bedrock of the Community
 United States
12817 Posts |
Yep, sorry about the poor quality. Looking more closely at the coin through my loupe, there are clearly defined steps, you just can't see them in my crappy pic.
The dealer represented it as BU, so at least you are in agreement there. :)
Thanks!
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Bedrock of the Community
United States
10284 Posts |
Blast White!  |
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Rest in Peace
United States
10625 Posts |
Nice looking Jefferson. Someone will be happy to receive this one.
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Bedrock of the Community
United States
10284 Posts |
That is a 1938 D not just a 1938 so it is a semi key Jefferson and it sure appears to be a great buy from what I can tell.  I hope you are my Secret Santa! ... hint ... hint ... hint ..  I re-worked your images. Your coin probably looks better than this.  Edited by TNG
12/11/2011 08:51 am
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Pillar of the Community
Canada
9158 Posts |
If you can not make out the steps does it still make a MS grade?
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Bedrock of the Community
United States
10284 Posts |
The details left of the steps have nothing to do with circulation wear. There are many Jefferson nickels that were fresh out of the mint in high uncirculated condition without even a trace of steps. The detail you find and how many steps are on the reverse have to do with the condition of the dies that produce them and to a degree how well the blank is struck. Some year and mint marked nickels are almost impossible to find with full steps due to the condition and wear of the dies that produce them. A few but not all examples would be 1952S 1953S 1954 S 1961D 1962D 1963D 1964D 1968S 1968D 1969D 1969S 1970D 1970S. So the thinking that the details on these coins and many other coin types lacks detail is sometimes mistaken for circulation wear. If fact sometimes the best you can get is not very much detail at all unless you spend a lot of money or get very lucky and find an unusually well struck coin for that year and mint mark which could be rare. The 1938 nickels and some 1939 have mushy wavy step details and in 1939 the reverse design was modified to show straight and better defined steps. Similar situations such as full heads on SLQ's Split bands on Mercury dimes, Full Bell Lines on Franklin halves and other descriptive grading terms are pretty much the same scenerio. |
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Pillar of the Community
Canada
9158 Posts |
Very helpful NickelGuy, thank you.
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Bedrock of the Community
United States
12817 Posts |
Thanks for the info and the opinions. I may just hang onto this guy and use it as the first nickel in my UNC/Proof album! :)
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Replies: 9 / Views: 1,071 |
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Posted 12/10/2011 5:20 pm
