1961 Jefferson - Coin Community Forum

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Author	Replies: 8 / Views: 1,548
tershaffer Valued Member United States 232 Posts	Posted 09/10/2011 12:47 am Hi All just recently started roll searching for DDO's and RPM's and since then have moved onto building sets and lately been curious about grading. I have found many that look good, but I also know that looking good does not always equal high grading. Just out of curiosity, what should I look for and for future reference what would something like this grade as. It is a 1961 Jefferson and has a very nice shine to it, but only has 2 full visible steps, 4 on the right side under 20X magnification. any and all help would be great. As a newb I am of coarse looking for anything that would hold value of any kind, but would eventually like to build a set to be proud of like I'm sure many of you have now. The pics suck, but I am hoping to get a new lens soon Report this Post to the Staff

TJsCoins Pillar of the Community United States 3229 Posts	Posted 09/12/2011 11:17 am Looks vf-ef to me. I am a new collector myself. It is my understanding that many Jeffersons only carry a premium above MS-60. I keep many 1961's and before. Report this Post to the Staff
D0ubl3Eagle Pillar of the Community United States 5854 Posts	Posted 09/12/2011 9:50 pm I think this coin would be at least AU and could likely be MS. Report this Post to the Staff
lukkyseven Pillar of the Community United States 880 Posts	Posted 09/15/2011 4:50 pm Pictures aren't that great,but there is apparent luster on the reverse. I'd have to give this MS, but beyond that I cant tell Report this Post to the Staff
tershaffer Valued Member United States 232 Posts	Posted 09/16/2011 9:50 pm Thanks all, I'll try to work on my pics for the future. Just out of curiosity, when is it worth having a coin graded? is there a basic rule of thumb or anything that could get me started, such as age, mint, MS grade, etc. I've seen where people had coins graded from the 80's and 90's. Is this just for collecting purposes or is it worth the money it costs to grade? Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 09/17/2011 12:34 am IMO, it is a waste of money to get a coin worth less than $100 graded. At that price point, the added value from the TPG does not begin to equal the grading fees. Report this Post to the Staff
tershaffer Valued Member United States 232 Posts	Posted 09/22/2011 8:47 pm I normally look up values from a site called coinauctionhelp.com and I'm sure it is very rare to pull something that grades a MS from roll searching. so if it would list say a 1954 AU @ $.50, but MS64 jefferson as $1500.00 this would be worth graing or do you mean a coin that books in the $100 range regardelss of condition? Sorry for all the question, Just as I have been searching I have been wondering if the ones I find in great shape are worth keeping untill I can get a grasp of the different grading levels or just throw them in a book for my own personal keep sakes. Report this Post to the Staff
PlumCrazy814 Pillar of the Community United States 882 Posts	Posted 10/02/2011 10:35 am Beauty is in the eye of the beholder. The vast majority of older coins you will find in circulation are not going to be all that valuable or grade very high. When you do find a gem, you will know it. You already have started to self grade ... Quote: It is a 1961 Jefferson and has a very nice shine to it, but only has 2 full visible steps, 4 on the right side under 20X magnification. So you are developing a taste for what appeals to you. This applies when you are buying as well. If you are pulling to resell, that is a different subject. In that case you are better off to be a bit conservative with grades and let your customers decide. You will have more satisfied customers. Personally, I have never bought a TPG coin and probably never will. The only way I could see myself sending one to get graded would be if it was extremely valuable. But that is me. I can't say I am any sort of expert but I have been happily collecting coins for over 40 years - buying, trading, selling. Even at that, I consider selling as being "trading" I'd put your nickel at AU-50. If you can afford it and expect to be around, save it for 20 years and see what it's worth when it's 70 years old. (Or just look at the current value of a common 1941 Nickel in similar condition and how often you see one.) Report this Post to the Staff
coinguybrian Rest in Peace United States 5375 Posts	Posted 10/03/2011 8:09 pm Definitely MS. Report this Post to the Staff
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