I watched how coins were made and have looked at several grading guides. I think this coin looks awesom for being so old . The Full steps were on this at one point but after 72 years of going up and down the stairs looks like the middle is worn ..is this worth anything or any suggestions on should I grade . And so with who .also does this count as full steps or no?
Even though it's old, it's worth a nickel. Very few Jeffersons have value over face, and almost none are worth grading.
A lot of newcomers to the hobby make the mistake of thinking that a coin might be worth submitting for grading just because it is old, but that isn't always the case. Granted, the coin is 71 years old, but so am I! Chris
@Corrina ...I agree with the others, do not send in for grading. Although the coin is in great condition, the cost to grade outweighs its' value. Also, try using the keywords "full steps" here at CoinTalk to search for threads so you can study what constitutes a full- step coin. Generally, a nickel has to be a business strike, not a proof, to qualify for the attribution. And, the lines between the steps cannot be broken by contact marks. Your nickel is AU55 on the reverse, but might be AU58+ on the obverse. Take a close up pic of the steps and you will see the wear. This level of wear disqualifies the coin from the full-step designation...just mho. Welcome to our Forum...Spark
Thank you for your feed back. I really appreciate it . Im still learning the vocabulary. May I ask one more question? Under the pricing guide if it says for example 460 at 66 , is the amount it's worth would be $460.00 or what exacty does that number mean
It might be AU (50's). It may be worth 40 cents retail in AU condition. But that's if you are buying. If you are selling this coin to a dealer, I don't think it brings more than a dime. So I retract my previous nickel valuation.
Unless I am mistaken, and a member will correct me if I am, that number coresponds to the number of coins they have documented/certified in that grade. Of the millions of 1947 nickels produced, 460 is a fair number to expect to have survived in this grade...Spark
If there is a number, and a grade, there should also be a dollar figure. I see $12 for MS-65 but it increases for every grade point. ($15-$20?)
