| Author |
 Replies: 11 / Views: 2,091 |
|
|
Pillar of the Community
United States
703 Posts |
Nothing stellar, there's always the reason you take one more look. Was going through my heavy circulated (junk) early Jeffersons and found this well struck '40-S. How many steps do you count? :) Also realized I was out of proper 2x2s for nickels.....   Edited by ElonU
07/31/2017 7:51 pm
|
|
|
|
Rest in Peace
United States
17900 Posts |
Great strike. Looks like a five step to me.
|
|
Rest in Peace
United States
18456 Posts |
This was in your junk bin ?  Nice Jeff , my tired old eyes gave up on counting steps a while ago . but those steps look healthy .  |
|
Pillar of the Community
 United States
703 Posts |
Yes T-Bop, it's a head scratcher!
|
|
Pillar of the Community
United States
4211 Posts |
Nice one ElonU~!  Glad you rescued it from your junk bin! Certainly it deserves a much nicer home. |
|
Moderator
 United States
187950 Posts |
Very nice!  I am sure you will get some more holders soon. |
|
Bedrock of the Community
United States
94367 Posts |
|
|
Pillar of the Community
United States
655 Posts |
5FS for sure! Great find.
|
|
Bedrock of the Community
Canada
24885 Posts |
Edited by Dorado
08/05/2017 11:34 am
|
|
Bedrock of the Community
United States
10284 Posts |
In 1940 nickels the steps are well defined as the reverse of the nickel was reworked during the minting of all three mints, P D and S in 1939 giving us both TY1 and TY2 in that year. So the new design is fresh for 1940.
Nice nickel! It could have 5 1/2 to 5 and 3/4 full steps if the very light nicks I see there don't cut too deep to interrupt the steps. The odds of finding a 5 full step 1940 S are about 1 in 10 in uncirculated unsearched rolls.
I always had the theory that someday, well struck coins even in AU will carry a premium.
It's hard to grade this nickel by images but even if it is AU58, it's a keeper.
It could very well be a MS64 for all I know. This particular issue is all over the place with overall strike quality.
Back to my theory, lets say this is an AU coin and it was a 1953 S instead with the exact same details.
To me, that would be a true rarity and quite valuable even in lightly circulated condition.
The full step system and pricing by MS grades is flawed to some degree in my opinion. There should be some consideration for strike quality and details like full steps, full bell lines, full split bands, etc.
Especially noted for the tougher issues in all grades from AU and up.
Anyway, to full step collectors, we know that this is the kind of nickel you don't just let go because of the textbook grade.
|
|
Pillar of the Community
United States
703 Posts |
Great info nickel guy. I've recently become a near addict of Jeffersons, and it began with completion of my slabbed wartime Nickel set. Lots of nuaunces to learn about the series.
To this specific '40-S, my eye sees AU-55 or Au-58 with 5FS.
Edited by ElonU
08/05/2017 6:27 pm
|
|
Pillar of the Community
United States
655 Posts |
Quote:
TheNickelGuy:
I always had the theory that someday, well struck coins even in AU will carry a premium. I always try to choose well struck coins for my collection. In Jeffs I believe the pediment is even more important than the steps. |
| |
Replies: 11 / Views: 2,091 |
|
Posted 07/31/2017 7:51 pm
