Quote:
One of the coins on my list is a 1942-P Type 2 Proof, with full steps.
I'm assuming I would pay a premium for the full steps, even though not "officially" recognized?
Sorry, just saw this to reply.
Type 2 1942 P proof would probably have full steps being a proof.
Most proofs do have full steps unless it has a contact mark on the steps but be careful. A nick in steps or interruption takes it right out of the game.
Again, "Full Steps" is generally a designation for business strikes in uncirculated condition only. There might be some proofs sold as having full steps but it is kind of redundant.
A normal 1942 P uncirculated 35% silver
War Nickel may or may not have full steps and chances are it does not.
Theoretically, you can have an uncirculated MS70
Jefferson nickel but not having full steps, on the other hand, you can have a MS64 of the same date and mintmark
with full steps.
A seller may claim it has full steps but
you must be knowledgeable enough to determine that for yourself.
Study the series and compare many coins by date and mintmark.
You'll eventually learn to recognize what is hard to find for a particular issue.
Interesting that you mention a 1942 P ty 2 proof.
I have a story about my 1942 P Jefferson Proof.
I bought it as an uncirculated issue and not a proof. I was secretly hoping to myself that it was a TY 2 Proof.
Given the full steps on it I thought it was.
Turned out it was proof and years later I had it graded by ANACS and it came back PF67. Now I wish it was MS67FS!

I would have been better off with a non proof MS67 Full step.
A 1942 P Ty II MS67FS is worth a hundred dollars or more than a PF67.
Read this thread.
http://goccf.com/t/42207#42207