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Question About The FS Designation On Nickels

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 Posted 01/02/2025  5:25 pm Show Profile   Bookmark this topic Add jfeed to your friends list Get a Link to this Message Number of Subscribers
I don't want to beat this full step thing to death, but after studying the various websites, I'm totally lost. I've attached photos of a 1943 D that has a bit of PMD for reference. Some sites are calling 5 steps as FS and some state 6 steps when determining TPG. Is there any value in these early 5 steps? Here's why I'm asking.. ..I built a Dansco as shown in the photos by purchasing mint packs and started filling holes not taking FS into consideration at the time. I'm still trying to determine if my collection has any real value. Thanks again..




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Coinfrog's Avatar
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 Posted 01/02/2025  5:59 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
You join many of us who are totally lost on this subject.
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jpsned's Avatar
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 Posted 01/02/2025  6:44 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
I keep it simple: To me, "FS" on a Jefferson nickel means Felix Schlag.
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 Posted 01/02/2025  6:46 pm  Show Profile   Bookmark this reply Add jfeed to your friends list Get a Link to this Reply
Thanks Coinfrog.. It seems that everyone has a different viewpoint on the subject. I appreciate your comment.
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Hondo Boguss's Avatar
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 Posted 01/02/2025  6:53 pm  Show Profile   Bookmark this reply Add Hondo Boguss to your friends list Get a Link to this Reply
jfeed, I gave up trying to understand what the TPGs consider Full Steps. It seems that they are wildly inconsistent in their designations.
Inordinately fascinated by bits of metal with strange markings and figures
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Coinfrog's Avatar
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 Posted 01/02/2025  7:08 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
The major grading companies should have clearly posted their definitions for these coins long ago, but they have not. They just go on offering inconsistent opinions. I would never bet on a "Full Steps" coin in the raw.
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Earle42's Avatar
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 Posted 01/02/2025  7:37 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
The reason FS designations are confusing is b/c people just assume there will be consistency. But since the grading companies do not use any verifiable standards and no legitimate means to assign the grades people pay them for, the reality is there is no consistency.

This is why we always say that people need to buy the coin and not the slab.

This read will definitely help you have a better idea of the companies and how they work:
https://www.coincommunity.com/colle...t-graded.asp
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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Brandmeister's Avatar
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 Posted 01/02/2025  7:40 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
I would not trust a TPG designation of FS on any year when the value is very high. Not without pictures to evaluate for yourself, anyway.

Tough call on your 1943-D. Full steps nickels are common for that year, possibly because the reverse of 1940 hubs were still fresh. I think they would grade it hard, and that scuffing on the left corner would disqualify a FS designation. Ironically, on a year where it's more valuable, like 1964, I think they would be more likely to give a generous interpretation of the criteria.

https://www.pcgs.com/news/tips-from...-room-part-3

https://www.ngccoin.com/news/articl...eps-nickels/
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 Posted 01/02/2025  8:33 pm  Show Profile   Bookmark this reply Add jfeed to your friends list Get a Link to this Reply
Thanks everybody.
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 Posted 01/02/2025  10:29 pm  Show Profile   Bookmark this reply Add jfeed to your friends list Get a Link to this Reply
Here's an example. A 1959 P (not a proof). Could be..Might be.. Not at all...Doesn't matter because it fills the hole and looks good in my Dansco. Sure do enjoy this hobby.
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Errers and Varietys's Avatar
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 Posted 01/02/2025  10:40 pm  Show Profile   Bookmark this reply Add Errers and Varietys to your friends list Get a Link to this Reply
I never really understood the Full Steps thing. It's a very confusing subject for me.
Errers and Varietys.
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Brandmeister's Avatar
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 Posted 01/03/2025  10:55 am  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
jfeed, not sure that I agree with that thinking. If one of my album hole fillers happened to be worth thousands as a graded FS nickel, then I would happily sell it. You can't even verify FS with the naked eye, so I would take the profit, buy another hole filler with good eye appeal, and pocket the difference.

A 1959 5¢ MS FS isn't worth much of a premium until MS67. But for subsequent years in the 1960s, I would bank that every time. The world is full of album hole fillers, but it is not full of easy money.
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jbuck's Avatar
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 Posted 01/03/2025  11:32 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I built a Dansco as shown in the photos by purchasing mint packs and started filling holes...
I am not going to comment on full steps because I do not care about full steps, but this was worth quoting and praising. Well done!
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