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Replies: 13 / Views: 847 |
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Pillar of the Community
 United States
6516 Posts |
In doing extensive reading on nickels, I am constantly referring to the PCGS pages for specific years and mint marks of Jefferson nickels. I have also read the PCGS guidelines for the Full Steps designation. Yet repeatedly, I have found years where half the nickels with Full Steps designations have incomplete steps or vertical damage through the lines. I feel like you cannot "buy the slab" with confidence on a Full Steps designation. Conversely, I am starting to feel like maybe I am tossing nickels that might actually slide over the bar.
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Moderator
 United States
54282 Posts |
The only way to find out is to send some in and see if they give them the designation.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Moderator
 United States
56855 Posts |
Not sure of this so take it with a grain of salt. FS designation is different for different years. Some years 5 steps is considered full and some years 6 steps is considered full. Nickels are not my area though, just sayin" John1 
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Pillar of the Community
  United States
6516 Posts |
Quote: The only way to find out is to send some in and see if they give them the designation. People here know a lot about coins, including the nooks and crannies of the TPGs. Tapping their knowledge seems more effective than just blindly submitting almost-FS nickels at comparatively high cost.
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Bedrock of the Community
 United States
18670 Posts |
if you have specific coins you want assessed for that. post them here but make sure you are able to get a sharp close up of the steps.
to answer your question, there should be any impingement on any of the steps. I've seen FS designations from both NGC and PCGS that do not meet that criteria so the only way to ensure the designation is to make sure there is nothing that would preclude it. I would never buy a slabbed one with an FS designation without verifying myself that it does indeed deserve the designation. this is just like anything else graded. buy the coin not the holder.
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Pillar of the Community
United States
3207 Posts |
it's a a good example of "buy the coin, not the slab" PCGS is the only TPG to (supposedly) deem that hits on the steps change the quality of the strike, something PCGS inexplicably does only for the steps on Jefferson nickels, but not for full bands on dimes, nor full bell lines on Franklin halvesinstead I do like many Jefferson collectors and follow the approach of Q David Bowers, who defined full steps as a measure of strike quality, something that cannot be changed after minting
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Moderator
 United States
54282 Posts |
Quote: People here know a lot about coins Of that I am sure. But unless one of them work for PCGS, they can't actually answer the question that was asked. They can venture opinions, and maybe that will satisfy the asker.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Pillar of the Community
  United States
6516 Posts |
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Pillar of the Community
United States
3207 Posts |
many of those are certainly not 6 FS, but I'd accept most as at least 5 FS
static photos are insufficient for fine details like steps, bell lines, etc. because there is no good substitute for having the coin in hand so that it can be angled to see how light reflects off curved and indented surfaces
after years of studying steps, I've moved toward looking at the whole coin for strike quality, and now favor one with sharp, fully formed devices around all surfaces
any FS or similar desigation calls my attention to the potential of a nicely struck coin, even if the designation is questionable
besides grade, I look for good strike and early die state, and the TPGs would probably love to reslab all coins with such data, for a small fee, of course
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Moderator
 United States
56855 Posts |
How many steps are meant to be on a 1959 business strike? John1 
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Bedrock of the Community
 United States
18670 Posts |
out of that entire list I counted 2 that for me would qualify as 5FS. thats just me. to answer your question, YES they are inconsistent in grading these and the reason I avoid them. one person may see 5FS and another not. nick10 makes my point where he would accept almost all of them.
PCGS - at least 5 full steps must appear on Montecello. any steps that join or fuse together, whether created that or from subsequent damage, cannot be considered for full steps
NGC appears to be more vague - NGC utilizes two designations to reflect the relative degrees of fullness in these steps: 5FS indicates that five of the six steps are complete, while 6FS is a rare designation reserved for those coins displaying six, uninterrupted steps. The presence of full steps on a nickel does not affect its numerical grade at all, and gems can exist both with and without this additional asset.
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Pillar of the Community
United States
522 Posts |
I would not pay a premium for the FS designation on the slab, those look like buyer's remorse after a purchase. they should sell at business strike MS prices without FS.
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Bedrock of the Community
 United States
18670 Posts |
Quote: after years of studying steps, I've moved toward looking at the whole coin for strike quality, and now favor one with sharp, fully formed devices around all surfaces wow. I'm not sure that that was the original intent of the designation. maybe I'm misreading your statement. do you mean you look at the overall coin strike and ignore the FS designation altogether? if so, that would make sense. if I was building a set of the sharpest coins I could find I would be willing to pay retail for a nice fully struck example but never pay a premium for the designation. that would make more sense. I have a couple full sets that I pulled from circulation decades ago but I'm not a fan of Jefferson's. I don't consider it one of the better designed modern coin
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Pillar of the Community
  United States
6516 Posts |
 Buyer's remorse, indeed. The difference on some years between MS and MS+FS is $10 vs. $1000. Even on many of those years, the example coins for FS don't seem like all of them would pass the published criteria. I will disagree about the design of the Jefferson nickel. I think it's a very clean design, and the coin holds up comparatively well for the long circulation times. Strike quality might vary from year to year, particularly within the 1970-1990 range, but you can still find nice nickels in circulation that are 60, 70, 80 years old.
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Replies: 13 / Views: 847 |
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