First Attempt At Axial Lighting

I like it; seems like an excellent representation of a subtly-toned Morgan.

Well done!
Axial lighting can also be used on proof and proof-like to good advantage.

Good observation.
I missed it completely.
I made that mistake when I first tried axial lighting.

The Jansjos were not used to provide lighting. They are only used to prop up (hold in place) the glass with the cardboard props.

So the cardboard (or other light blocking item) would be placed (using my pic above) on the table directly in front of the microscope stand standing a couple inches high to block any light hitting the coin from the CFL. The light would then only reflect off the glass onto the coin.
I'm thinking doing this in a darkened room to eliminate ambient lighting would also help by 1. eliminating ambient light on the coin 2. being able to better monitor where the light from the CFL is being directed. Is the glass I am using the correct thickness or does it even matter?
Funny part is I went back and re-read "Numismatic Photography" by Goodman after I took the above photo. I actually had an image similiar to the one described in the text under axial photography and abandoned it as it did not look good to me. So basically I may have discarded the axial image I was attempting to achieve.
You know what they say: "If at first you succeed, try something harder".

austokiwi: Thanks you for the suggestion. I like the idea. I may surround the whole setup with black cloth/towel. While taking pics I noticed the silver metal from the microscope stand was reflecting light back onto the glass and used a black piece of cloth (can see it falling off in above pic) to block that reflection. I have a lot of work to do to get this right including coming up with a more secure way of propping up my glass.

The cardboard in front of the axial setup, and the black surface behind it, have two different functions, and both are needed if you want to get the most "axial" look to the setup.

Right now, you have a couple pieces of cardboard holding up the glass at a 45-deg angle. If you replace those with a single, flat piece of cardboard, vertically-oriented, with glass taped on top edge, then you can cut a round hole in the cardboard to allow light to shine through and not go directly toward either the coin or the lens. You need to make the cardboard side that faces the setup black with paint, a towel, etc.

As Kanga says, axial systems are very sensitive to light coming in from outside. This is because you lose a lot of light from the bulb through the glass rather than reflecting, and then you lose more coming from the coin but reflecting back toward the light, so you end up with very little light getting to the lens. So any light from other sources is much more of a problem.