need a knowledgable' Jefferson Nickel expert on this one !

:hammer: yesterday, I came to a website , where you can get answers about the Jefferson Nickel, right ? well, I won't mention any names there, but there was one person on website, (supposed to be an expert in coins ) that told me to stay away from the Jefferson Nickel, as far as collecting for an investment. he said the " Jefferson Nickel is DEAD ! " that it would be better to collect Buffalo' Nickels instead ,,:kewl:,,,My question, has anyone ever heard about the Jeffs/ not being a good collectors item,, pls give me some feedback on this,,,,,thanks,,,,Chasindreams,,,,

 

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People have made billions with a contrarian approach to investing. You know buy low sell high. That being said I am not sure what would create a stronger collector base among these coins (maybe promotion).

 

its the only set of untied states coins that you can collect all of from circulation with a little work and luck. besides money is nice but it isn't everything.

 

Jeffersons are nice to collect to fill out a collection, but there are only 5 or so error coins from the mint that have any real value. Plus they don't have value for silver content either so you can't get bullion rate for 'em.

 

"collecting for an investment" is an oxymoron. Collect whatever makes you happy. If that is Jefferson nickels, go for it. As for investment, you will find more than one thread on this site strongly suggesting that coins are not a good investment - Jefferson's or other.

 

Exactly. A teenager with a half-way decent allowance can still collect a AU/MS collection of Jefferesons. I think that's probably the only modern set (of any size). It would be a great starting set to learn about grading and scam-artists.

Investment? Well, you're not paying much, so you can't lose much. Who can predict what will be popular in 10 years? Right now, with the Lincoln frenzy, there are pennies that have mintages in the 10's of millions that are going for over a $1 a piece in G4 grade!!!! Well, come back 18 months from now and pick them up off the sidewalk.

Basically, Jeffersons really can't go down in value!

Finally, one of the posts above says there is no silver. WRONG! There are 11 War Nickels that have a melt value of about $1 each

 

The problem is that there are no dates that are even remotely scarce. Even the 39-d and 50-d are common dates. Even in Mint State every coin is common. Most collectors would rather aim for something more difficult. But trying to build a set from circulation would be an interesting challenge. You could also try and build a set from metal detecting, which would also be fun, and you'd have a better chance at finding a 50-d, even though they were hoarded from the start.

 

Collect what you like, and enjoy yourself.

Nothing wrong with Jeff's.

As said above, be contrary, and you may have the last laugh.

(or not, but who cares.)

 

I put together a set of toned jeffs including proofs that remains my favorite set to take out of the safe and look at. And it continues to change a bit over time.

 

I think one thing that noone here has considered is the fact that to date, NOONE has EVER put together a complete set of Full Step Jeffersons. I personally think it IS possible, just hasn't been done yet and some of the coins in THAT set would have a VERY high value even though they are common date coins.


I look at that as the wages of doing the searching. Coin collecting as an investment... yes, george Carlin would be proud of this new oxy-moron!


:::whew::: hey... who's soapbox IS this anyway???

 

You got to be a bit reasonable when it comes to "investment". You must understand that what determines price is nothing more than supply and demand. Because modern coins are struck in millions, unless the US population balloons to several hundred millions in a few years time like the population of China or India, they are just common. Or if a massive amount of them get melted down, that would drive prices up.

That is the very reason why some of the older classics are just expensive - there weren't that many struck but back in those days, it was plentiful enough for the population. Not to forget that if they can't be sold such as commemorative coins, they just get remelted, making them rarer. These days, just too many are struck. Way too much to make any coins rare unless it's a scarce variety or some insane error.

 

I would say that there has never really been a high demand among collectors for Jefferson's. It does not mean that you should throw out your collection, if you buy make sure they are the key dates. No one knows what 10 to 20 years may bring.

 

well. To a certain degree the guy is right, if I was going to put a couple thousand into a coin investment, purely for an investment then I would get a buff set instead of a few jefferson sets. I don't agree that they are easy to put together. It depends on what your standards are, circulated with no varieties? Sure pretty easy. White mint state? A little more difficult, everything in the redbook? A little harder, slabbed 67 or higher war nickels? Even harder, then you can add proof only issues, SMS from coin and currency sets. Thats the nice thing about the set, it can be as easy or difficult as you want to be. Try to find a complete uncirculated jefferson set, there aren't too many around. Point is if you are only putting money into coins to invest I wouldn't recommend it, but I probably wouldn't recommend any coins except maybe a few key coins 09SVDB 16D merc etc. Collect them if you like them it has been one of my most rewarding sets I have done over the years.

 

need a knowledgable'..................................... ..

........jeffs are a nice coin to collect. as far as an investment, like other coins, it's a gamble. collect what you like. if you want Jeff's that have above average worth collect high grades and keys and varieties/errors. there are more than a handful to search for. read and search the web for good info and learn all you can but enjoy the hobby, most of all.

 

The guy who said that probably sold Buffalo nickels.

You can't guarantee any coin will appreciate in value, but personally, I happen to think the Jefferson nickel series is undervalued, and that's why I collect them. Do I hope my coins will appreciate in value? Absolutely. But that's not why I collect them. I think it's a beautiful series, with a lot of different types and varieties, not to mention the fact that the coins tone so beautifully.

You've got blast white coins, rainbow toners, black beauties, steps to examine, mintmark varieties, and doubled dies (obverses and reverses). You can put together a set in VF for $30-$40, most of it out of pocket change, or you can try to put together a set of MS-67 full-step coins, spending tens of thousands of dollars, and never being able to reach your goal of a complete set.

What a great series!!!

 

It depends, and there will never be a full step completed

It depends, what are you really wanting to do?
Yes, Jefferson nickels (except for a few) are not rare and will never be rare. Thus they will probably never bring you fame are fortune but who cares? If you like them collect them! To the person who suggested there may one day be a full step complete set he is sadly mistaken - there will not be.
If you really want to make and amass a lot of money do this -
get 2 or three jobs, save every other dollar you make, invest that for 30 years and you will be rich! Being a millionaire is not complicated, it's hard, it maybe the most uncomplicated thing in the world to do - if you are willing.
I am not, you may well be - it's up to you.
If you want to make a lot of money in Coins good luck. Like selling tires or hot dogs or anything you will need to work very hard, have some luck and stay with it for about 30 years, sound familiar?
Good luck to you.

 

And what makes you so certain of that?

 

It should be fairly obvious if there isn't by now,

It should be fairly obvious if there isn't by now, there most likely will not be.
A modern series, thousands of searched BU rolls, tons of mint state examples available in every corner of the country, - oh just little things like that's is all.
Plus it's just my opinion - someone prove me wrong and I will happy to recede my opinion, it don't matter to me.

 

Your "expert" sound like he may have bought heavily into the 50D in the past and subsequently took a bath on them. But basically he's right, there's nothing in the Jefferson series that commands a great premium or is likely to in the future. However PCGS (not always a reliable real world source) shows that full sets can be valuable in the higher grades. A complete date and mint mark in MS 65 would run around $2700. The same set with full steps in MS 65 is around $118000. These high value/condition sets don't typically decrease much in value, but there's no guarantee that they'll appreciate either.

 

Jefferson Nickels are what you make of them. In circulated and lower MS grades, he is right, they are not worth much and are not likely to ever be worth much because they are just too common. However, building a high grade MS set is a little more challenging. Most every date is very affordable in MS66, but some are quite expensive in MS67. Add full steps into the equation and you are talking big bucks for many many dates. Add rainbow toning on top of that, and, well you get the point.

I will say this: the diversity that the Jefferson Nickel series offers to collectors is hard to match by any other series. I am currently in the process of assembling a rainbow toned Jefferson Nickel NGC registry set. My set is only 40% complete and I have already spent five figures. Take a look if you want.



I certainly wouldn't call the series dead. However, I don't think any coin series represent a good investment vehicle.