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Grading Jefferson Nickels

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jmyers11's Avatar
United States
8 Posts
 Posted 03/30/2011  03:36 am Show Profile   Bookmark this topic Add jmyers11 to your friends list Get a Link to this Message Number of Subscribers
*** Moved by Staff to a more appropriate forum. ***

My circulated set is all but complete, and I'm going to begin to upgrade it. I'm really hoping I can ask you all a few questions about the grading of Jefferson nickels. I've read the stock descriptions and seen some of the photo grading guides, so I feel like I have a good idea of how to grade Jeffersons, but I'm still uncomfortable with it. I understand that MS specimens have no wear, but:

1.) How many contact marks and other blemishes seperate a MS-60, MS-63, or MS-65? And is a wearless nickel that is covered in contact marks (I call my 1975-P "Scarface") still considered a mint state?

I'm also a bit lost on the differences between EF and AU.

2.) Descriptions of AU always refer to "light wear on only the high points of the design", but they never really explain what those high point are. Is the hair in the "center" of Jefferson's head a high point? I've got quite a few '50s, '60s, and even one '40s coin that don't seem to have any wear on the obverse outside of the detail in the "center" of the hair being gone.

Finally, having moved my collection to a 2x2 album the other night, I realized I'm completely lost on grading the reverse of the nickels. So lost in fact, that I'm not even sure of what questions to ask. The wear doesn't seem to be so predictable on that building.

3.) I've learned about how full steps are rare for many of the older Jefferson nickels because of worn dies being used combined the fact that there is also a deep recess on the obverse in that position. I've also seen many older nickels listed as BU or choice BU that appear to have no steps at all. My question then is how do steps enter into the grading then?

4.) Any and all additional advice on grading the reverse of the Jefferson nickel is greatly appreciated, because as I said, I'm having a good deal of difficulty with it.

Thank you in advance.

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KenRingold's Avatar
United States
594 Posts
 Posted 03/30/2011  1:18 pm  Show Profile   Bookmark this reply Add KenRingold to your friends list Get a Link to this Reply
Descriptions under the photos are from the ANA grading standards; Photos are from the PCGS website.

"MS70 = A flawless coin exactly as minted, with no trace of wear or injury. Must have full mint luster, and brilliance.


Grading-Jefferson-Nickels
Grading-Jefferson-Nickels

MS67 = Virtually flawless, but with minor imperfections.



Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
MS65 = No trace of wear. Nearly as perfect as MS67 except for some small weakness or blemish. Has full mint luster, but may be unevenly toned, or lightly fingermarked. A few minor nicks or marks may be present.


Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
MS63 = A Mint state coin with attractive mint luster, but noticeable detracting contact marks or minor blemishes.

MS60 = A strictly uncirculated coin with no trace of wear, but with blemishes more obvious than for MS63. May lack full mint luster, and surface may be dull or spotted.


Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
AU58 = Has some sign of abrasions; cheekbone and high points of hair, collar, triangular roof above pillars. Shallow or weak spots in the relief, particularly in the steps below the pillars, are usually caused by improper striking (and not wear).


Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
AU55 = OBVERSE: Only a trace of wear shows on the cheekbone.
REVERSE: A trace of wear shows on the beam above pillars.
SURFACE: Most of the mint luster is still present.


Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
AU50 = OBVERSE: Traces of wear show on cheekbone and high points
of hair.
REVERSE: Traces of wear show on the beam and triangular
roof above pillars.
SURFACE: About half of the mint luster is still present.

EF45 = OBVERSE: Slight wear shows on cheekbone and central portion
of hair. There is a trace of wear at bottom of the
bust.
REVERSE: High point of the triangular roof and beam are
lightly worn.
SURFACE: Traces of mint luster still shows.



Grading-Jefferson-Nickels
Grading-Jefferson-Nickels
EF40 = OBVERSE: Hair is lightly worn but well defined and bold.
Slight wear shows on cheekbone and bottom of bust.
High points of hair are worn but show all details.
REVERSE: Triangular roof and beam are worn but all details
are visible."

Grading is a matter of opinion. And in my opinion it is better to undergrade a coin than to overgrade.
Edited by KenRingold
03/30/2011 1:59 pm
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coinsearcher83's Avatar
United States
1358 Posts
 Posted 03/30/2011  6:24 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Hmm.. Not much to add to the above post

When it comes to grading MS coins, as long as the stairs have no wear on them, I don't think they are accounted for in the grade.. I coin with Full Steps (FS) can be considered a bonus..

Also, technically, an MS-60 coin can be scratched and nicked to heck, but as long as it has no actual wear, it's still uncirculated.. However, keep in mind that a nice AU-55 or 58 coin may be more desirable than an MS-60 example..

Happy collecting!
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coinsearcher83's Avatar
United States
1358 Posts
 Posted 03/30/2011  6:33 pm  Show Profile   Bookmark this reply Add coinsearcher83 to your friends list Get a Link to this Reply
Just to add (again), if you plan on collecting more coins in the future, pick up "The Official American Numismatic Association Grading Standards for United States coins." It's a good read!

Also, I've found that if you're having trouble finding wear on a coin, try tilting the coin a bit.. In just the right angle, the wear spots will look duller and be a slightly different color than the spots with no wear.. Try this on some circulated quarters.. I found this trick on accident, but it's what helped me to get familiarized with grading coins :)
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SHAFTA9a's Avatar
Canada
10743 Posts
 Posted 03/30/2011  7:06 pm  Show Profile   Bookmark this reply Add SHAFTA9a to your friends list Get a Link to this Reply
Thanks, for that post and pictures, Ken, that really helps.
New Member
jmyers11's Avatar
United States
8 Posts
 Posted 03/31/2011  01:44 am  Show Profile   Bookmark this reply Add jmyers11 to your friends list Get a Link to this Reply
Thank you Ken and coinsearcher83 for the excellent help! The photos combined with the good descriptions make it much easier to understand; most sites or books I read only contained one or the other.

coinsearcher83, I can definitely agree with you about some AU examples being more desirable than low end MS ones. I hate a coin that is all nicked up! It appears that the better old nickels I found in circulation would fall somewhere between AU 50 and EF 45.

P.S. Apologies to the staff for posting this topic in the wrong forum!
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