A tough call on a 1964-D Jefferson Nickel on E-Bay

I won this Jefferson Nickel on E-Bay on Sunday night from a very reputable toned coin seller for $300. The population is 7/0 and the Numismedia Wholesale price is $650. The only problem is that PCGS uses different standards for grading Jefferson Nickels than NGC and is consistently one grade lower than NGC. The PCGS price guide in MS66 is $275. My dilemna is that you just can't readily find 1964-D toned Jeffersons in MS66 or MS67. I felt like if I passed on this coin, I might not have another chance to find a superbly toned example any time in the near future. I don't have the coin yet but here are the seller's pics of the obverse. What does everyone think?




Now this one will probably be for sale for a long time to come, but I don't like the black on the peripheries for that price.

http://cgi.ebay.com/MONSTER-TONED-1964-D-JEFFERSON-NICKEL-NGC-MS-67_W0QQitemZ120350937775QQihZ002QQcategoryZ41088QQssPageNameZWDVWQQrdZ1QQcmdZViewItem

:smile

 

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The obverse is superbly toned. What does the reverse look like?

 

I think it's a great coin!

Im not sure what your dilemma is though, is it that you wont be able to switch it over to PCGS in the same grade?

 

As a fellow collector of toned Jeffersons, I think you did just fine.

1964 is a tough year to find nice toners. I don't know what it is. There must have been a minor alloy change; some trace element present or missing from what was there before.

With as many 1964 nickels as were minted, I've never seen one in person that was MS-67, let alone one as nicely toned as this.

Let's put it this way: I highly doubt you'll lose money on it.

 

High grade Jeffs in 1964 are tough to find.
Looking at the mintage you would think there should be tons of them.
Nope.
The Mint went for quantity and kissed off quality.
All tied in with silver's demise.

 

Purty. I likes it.

 

that's odd I thought it was a bit pricey.

 

I am just not thrilled about buying a top pop coin with a population of 7 sight unseen. The photo of the reverse is too small to make my own determination about the grade of the coin. If the coin is overgraded, I paid PCGS price guide for a coin in an NGC holder worth 1/10th the price.

The dilemna is the gamble. I know I won't find a superbly toned high grade 1964-D on the market anytime soon, but I don't know that I just bought an MS67 or an MS66 in an MS67 holder.

 

ah gotcha.

I dunno, at least it's only a 300$ gamble, it could be worse.

 

Buy it now US $1,050.00

 

That sums up my concerns about this coin in a nutshell. Problem is that I don't know when a better high grade toned example will surface, so my hands are kinda tied.

 

I couldn't do it for that price, just too much.

 

It's a great coin and I love the toning, but I do think you overpaid.

 

I don't really understand that. Did I overpay because you believe that the coin is an MS66 or because you don't think a true MS67 is worth that much?

BTW the last 1964-D NGC MS67 on Heritage sold for $776 in 2006.

 

I think it's a 66.

 

Well, Lehigh, you ARE a gamblin' man! :kewl: :mouth:

I hope it turns out well for you.

 

Right about that. And it is not the first time I have paid 10X bid for a toned coin.

 

Ahh...so you're the one who won this coin. You outbid me on it. I don't think you over paid for it at all, so long as it has MS-67 surfaces. Jefferson nickels aren't nearly as easy to find with colorful toning as silver and copper coins are. Taking that into consideration (along with the grade), the price you paid is quite reasonable. I already own a NGC graded MS-67 (old holder) with a lot more color, so I didn't bid very strong on it. Let us know your thoughts on the coin after you receive it.


Check out my toned Jefferson nickel collection (only half are posted now, but the rest are coming): http://s37.photobucket.com/albums/e56/CHAMELEONCOINS/Nickels/?albumview=slideshow