A 1966 (sms) jefferson cameo, with full-steps !

Good Evening to Everybody here at Cointalk ! I haven't been here for quite sometime, an'
figured better late, than never! Before I get started, I just want to wish Everybody a Very
Merry Christmas, with your families.

Ok,now to get down to finding out something thatsbeen stickin' in my craw for sometime now. I have a 1966 SMS Jefferson nickel, it was certified by (SEGS) before we go any further',I realize this grading service is a lil' sub/par to Pcgs and Ngc, but after you see my photo(s) you'll understand why I'm here asking anyone that has any history behind this, and just how many are actually in full-steps. I went to the Pcgs and Ngc websites and realized
that they don't even have anything, on any (FS).

I've studied the step/area for a good couple hours now, and I have to honestly say, Segs was right there, making this call. After you look at it,,,,( I know, it's always better to have it in hand), but I don't know you that well,,,,lol'/ you'll see what I'm sayin'. Anyone who might be able to get me any information on this, I'd really be grateful...Check out these Photo(s) and tell me your honest opinion on this. thanks for taking the time, In advance! / chasindreams

 

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I can't even see the steps in those photos, and taking the photos at an angle doesn't help.

Chris

 

From your pictures what I can see it is a very nice looking Jefferson. With that said I would need a closer look at the steps to see what I would need to see to make a call. Looking up a price on this coin I say just keep it the way it is now. Unless you think sending to PCGS or NGC would give a better grade. Some coins graded by SEGS are on the money as a grade goes...but again others are not. Are you using this coin in a registry set? If so I think it's worth spending the money to have it regraded by one of the two TPG. I perfer NGC . Hope it helps try to get a closer picture of the steps. Sam

 

Have you seen Lehigh's thread on the FS designation? The FS (Full Step) Designation

 

hello Raider! no, I haven't ,,,,I'll see if I can find Pauls' infor~ on that,,,thanks! Jim/chasindreams/

 

Thanks, Sam,,,,,I appreciate your thoughts! an' yes I was seriously thinking on sending to Ngc,,,but, I'd
better wait,,,an get Pauls advice on this also,,, he's a specialist, on Jeffersons, (Imo)...

 

Here Chris,,,,,Try my glasses,,,,lol' Let's just leave this,,,,as it is,,,,

 

Pardon my ignorance but are Full Steps a legitimate designation for an SMS Jefferson Nickel? SMS coins were not struck twice (or more) like Proof coins but they were struck with extra pressure to bring up the designs better than Business Strikes. (In other words, shouldn't all SMS Jefferson Nickels have Full Steps?)

 

You would think so but to answer your question NO I have seen SMS 65 ,66,& 67 with no steps at all! They are part of a proof registry set.

 

I didn't think about that, but I believe you're right. Did a quick search on Heritage, and the designation isn't listed on any SMS coins, so it probably isn't available for them.

 

Well that didn't exactly resolve anything.

 

I believe that Hobo's suspicion is correct. SMS coins are treated as proof coins with regards to the Full Step designation and neither NGC or PCGS assigns the designation to proofs. However, that does not mean that all SMS or proof Jeffersons have full steps, they do not.

 

I believe that Hobo's suspicion is correct. SMS coins are treated as proof coins with regards to the Full Step designation and neither NGC or PCGS assigns the designation to proofs. However, that does not mean that all SMS or proof Jeffersons have full steps, they do not

Read more: http://www.cointalk.com/showthread.php?t=143138&page=2#ixzz16v0aEEyH​

So True LeHigh I have seen proofs that have no steps ...and again I find MS coins with sharp well definded steps that one would thought it was struck with a proof die.

 

I just checked the NGC Census, and they list 7 coins in the Jefferson Proof category: 3 - 1965 SMS 5FS; 2 - 1967 SMS 5FS and 2 - 1967 SMS 6FS. So, apparently it is.

Chris

 

As far as SEGS being sub-par to the top guns that's simply not true, at least it wasn't the case a few years ago. The grading company to stay away from is SGS not SEGS. Sure, things could have changed and SEGS could now be a one of the grading companies to steer clear from but as far as their older graded coins, I would certainly be willing to look at and possibly buy. just my 2 cnts

 

There are many grading services that are far worse than SEGS. There are many good deals to be found in any of the third-world slabs. On one occasion, I ordered a SEGS PF70 Washington commem from a nationally-advertised dealer, and I saw immediately that there was a gouge between the horses' nares that was visible to the naked eye. There was no excuse for this boner. Naturally, I returned it and received a full refund (including shipping). On the other hand, I purchased one of my favorite classic commems in a SEGS slab. It was a 1915-S Pan Pac graded MS63, but I paid AU money for it.

That's the key. Buy the coin, not the slab!

Chris

 

I was wondering about these steps? Is any year nickle that has these steps that appear to be unbroken worth something? Sorry for another newbie question

 

A Jefferson Nickel collector always looks for full steps coins or as near as you can find. However being one of the coins high spots and the nature of the steps them selves it's hard to find the perfect coin. Also consider nickels that are MS coins not proof struck most of the time there are multi millions minted . Dies are maxed out producing coins,they are used until the fail or explode from wear. Finding that FS coin even in a MS 62 is a plus and will command more money/value. Philly produces for the most part more coins than Denver or SF with SF being proof strikes. With that said P minted coins you can go thought bricks of rolls before finding a FS coin. As far as your question no is my answer as you may get lucky and find a roll that all are FS and again you may not find one again depending on how many coins were struck by the die. I'll try to post some nickels that are on the end of a run of a die...you'll see how bad the strikes are...not sharp like coins that were first strikes from the same die. The 5 cent coin is a work horse not minted to be pretty, but to be used for many years as making change from a dollar.

 

i was just looking at one of my 1966 sms. it is NGC MS67 Cameo and it has no steps at all its still a beautiful coin. now i do have a 1967 sms NGC MS 68* and that has full steps

 

Eire73: Thanks for the information and taking the time to explain....