GTG 1938-D Jefferson Nickel (NGC)

Reveal later tonight! Get your guesses in guys.

@RonSanderson @physics-fan3.14 @Santinidollar

 

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66. No FS

 

Looks like a toss up between MS66 and MS67.

 

That’s why I said 66+.

 

OK, nobody got this one completely right, but don't worry, that is because NGC's grade is ludicrous. Only two people got the FS designation correct (congrats guys above), and Paddy54 was the lone vote for MS64.



The real question is, what should I do with it? Based on the number of people in this thread who think the coin is premium gem, I think I should submit it to PCGS and see what they think.

 

After years and years in this forum seeing the nickels you post and what you do with them, my opinion is that your opinion is the only one that matters in this. You have a very keen eye when it comes to these beauties and you should go with your own gut feel.

 

They not only got the grade wrong they got the steps wrong. That whole label is embarrassing.

 

I’d agree. The coin looks completely off in that holder but @Lehigh96 would know best if the cost of further grading is worth it.

 

I get some of these GTG correct and I get some of them wrong. I feel I was correct in this, MS-65 and no FS. It’s better looking than a 64 and there is too much on the steps to make them complete. Just my opinion.

 

Go for a better grade. They totally blew it. I thought at least a solid 66, and most came in at 66, or better.

 

While I agree with you general sentiment, I think it is wise to consult others for their opinions when my assigned grade is so far away from the TPG assigned grade. Like most of the CT members, I had expected this coin to grade MS66 5FS. I am almost never 2 grades higher than NGC. If the majority of the forum members had said this coin was MS64/65, I would have to wonder what I was missing. Instead, most people think the coin is premium gem which leaves only the possibility that NGC net graded this coin for some reason. Since nobody has seen an issue that could cause a net grade, my conclusion is that my initial opinion on the grade was correct and that NGC made a mistake.

I agree with the FS designation. The standard for the reverse of 38 is different. It allows for both interruptions and bridges as long as the overall step detail is good (which it is) and that the 5th step is complete under the 3rd pillar (which it is IMO).

I have already spend $22 to have this coin graded once, another trip to NGC or PCGS is going to bring my total cost to $50 and greysheet on a 1938-D MS66 5FS is only $75. I really hate putting myself in a situation where the best I can hope for is to break even. There is no way that PCGS will grade this coin MS67 FS, and I doubt an NGC regrade will yield a 3 point bump either. My only real choice is to crack it and resubmit to NGC.

 

I also think it is wise to consult others and the opinions on here reflect your thoughts. A word of caution though-I believe many of us have learned to grade these nickels by your standards. I certainly have adjusted; we don't always agree but I think over time I have come closer to your thought process. Also, knowing what you collect and the costs of the grading game, many will not give a low grade on one of these nickels. So there is at least a slight bias in the results.

Having said all that, I still stand by the opinion that 64 was too low. I'll defer to your knowledge of 38 nickels in terms of full steps (I didn't think it met the threshold but if the standard is different, then I can see it).

As I expected, the costs do make the regrading game not worthwhile. It seems like the decision comes down to:
1) Try again to prove to yourself that your grade was right and NGC messed up; this will likely result in breaking even or a loss but you get some vindication
2) Sell as-is with a loss but be done with it now; this method won't be satisfying in the short term but could end up saving some disappointment and extra costs in the future

 

Wow. I certainly wasn’t expecting a 64. I thought at worst it would get 66.

 

lots of die erosion on both the obverse and reverse. Steps not complete so not FS. Moderate strike. Nice coin but I don't think it qualifies for higher than Ms65.

 

How can such a mark-free coin receive 0nly a 64?

 

Weak middle reverse strike. When I see a coin that nice I’m going for broke. Worthy of anyone’s coin book

 

I wanted to go there

 

Forgot that NGC thing. Unless all us members don’t know a lick about coins. I think @Lehigh96 got us on that one. I feel terrible for him. He’s got some nice stuff

 

Oh my goodness. Dave got my guess right. Great day for HIM.

 

Your on the ball Razz. Plus I like the name Razz. Sisters last name