Jefferson Nickel 1943-P DDO "Doubled Eye" PCGS MS67 5FS---Pricing?

Yes Camaro , the pictures were very suspect regarding the FS. I called my contact person at Heritage , and he assured me that it truly was . Lehigh96 did very well with that gorgeous variety Lafayette .

 

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Wow, I sincerely hope you are wrong about that price. I don't want to have to pay that much for this coin. The highest previous price for a Doubled Eye MS65 5FS 1943-P Jefferson was $1,207 for a PCGS example back in 2005.

The coin offered in the upcoming sale was sold in an ANACS holder in January of 2008 for $920. Here is the Heritage photo from that sale and a link to the auction.



http://coins.ha.com/common/view_item.php?Sale_No=455&Lot_No=7935#photo

I would expect a slight price increase due to the fact that it is now in an NGC holder, but I don't expect it to break the $1,200 barrier. If I am able to pick it up for $1,000, that would be fine with me. IMO, you can't consider a Jefferson War Nickel set complete without owning this extremely popular variety.

 

1st NGC Graded combined with it's attractiveness , Variety , recent sale of the PCGS specimen and the Long Beach Frenzy......ehhhhh you might have to dig deeper. BOL. I am looking at some lots myself at Long Beach , but ill prepared to go on this one.*

 

I completely forgot to update this thread. Fortunately I was able to acquire the 1943 Doubled Eye Jefferson NGC MS65 5FS for the exact same price it sold for in the ANACS holder. Here is my photo of the coin.



The only problem is that as of yesterday, it has been relegated to duplicate status. Okay guys hold onto your hats. I just picked up a 1943-P Double Eye Variety Jefferson Nickel NGC MS67 5FS in the Los Angeles Sale. Thats right, the same caliber as the coin that started this thread which sold for over $11,000. Of course the PCGS coin will always bring bigger money for the same grade in the Jefferson series, I think I did pretty well. The NGC population of this variety in this grade with full steps, well you are looking at it. The total popluation including the two PCGS coins is (3/0). Here is a photo of my newest monster.



Now I know what you guys are going to say: the coin has no toning. My response is that untoned coins can be very attractive as well. With regards to errors, the details can often be obscured by toning, so in some respects, the variety becomes more appealing on a blast white coin. As soon as I have the coin in hand I will post my own photos.

 

WOW. Do me just one favor, before you come visit me, either wipe your shoes off real good or better yet leave em at the door. LOL
Excellent and a Job well done.

 

That is amazing! Congratulations! :thumb:

 

I just wanted to point something out in case it had been missed. I'm not taking anything away from the coins but 6FS is a full step nickel. NGC and PCGS came up with this 5FS designation at some point. It is confusing as many people now think that a 5FS means the nickel is full steps with five steps showing. Full steps is FS6.

It just created another marketing tier that is confusing at best to those who don't know this.

Thanks,
Bill

 

Technically, that is incorrect. PCGS has always used the standard that 5 full steps merited the full step strike designation. NGC's standard was originally that the nickel must have 6 complete steps. In order to compete with PCGS, NGC was forced to add the second designation and now employs both 5FS and 6FS. They did not collaborate to create a new marketing scheme, it happened naturally. You are certainly welcome to the opinion that a 5FS nickel is not full steps, and there are many that would agree with you. However, the market assigns a premium based on 5FS and it is unwise to ignore that fact.

 

Gorgeous coin there TheMan !!

How did I miss this thread? I am now a Jeffy afficianado, lol.

There is a 43-P DDO in the Heritage LA sale......BUT, my next Jeff will be a 43/2...I have always loved that variety. I would love to find a stepper with some color.

 

Jack,

I got news for you, if you find a 43/2-P with FS and color, you are going to have to fight me for it. If it is MS64 or below, I will let you have it. GEM and its on!

 

Wait which one?

 

Lehigh96,

Thanks for clarifying that. I guess the reason some of us like the 6FS designation is that unlike the 5FS designation, a 6FS has full steps.

To some it's like saying an MS-69 is the same as an MS-70 because it is close enough.

You are correct about the NGC and PCGS situation though. The problem still remains that many people think that 5 Steps is a full step nickel when 6 Steps should be considered as FS. IMHO, It's either Full Steps or something that comes close. It shouldn't be both.

Thanks

 

In all fairness, there is a reason why PCGS decided to allow 5 full steps to qualify as a full step nickel. There are many Jefferson's that have are so close to full steps but just fall short. Without a loupe, the difference is almost undetectable. By allowing a broader range of coins to qualify, both the population and price gap of the full step examples is reduced. Can you imaging the price of some full step nickels if they only allowed 6FS. It would be staggering.

Here is an example of what I am talking about. This is a 1958-D Jefferson Nickel NGC MS66 5FS.



Does the tiny bridge under the fourth pillar from the 5th and 6th steps warrant disqualification from a full step status. Technically, it does, but the spirit of the designation is reward a coin with a full strike. Having said that, the steps are not always an indicator of a strong strike either. But this is just one of the things that makes collecting the Jefferson series so interesting and rewarding.

 

Hi Lehigh,

I understand why they did it. Going back to the other side of the question though. Didn't adding the 5FS take away from the game a little bit. When folks hunted for the 6th step, and if they found it on an older nickel, they had a great reward.

Was it right to lower the standard because that 6th full step was so elusive on older nickels. I dunno.

Either way, 5 steps or 6 steps as you noted can still be found on some dogs with marks other than on the steps.

A higher grade 5 stepper is still a knockout coin and I admire those coins greatly.

I guess I am not a fan of lowering the standard to something that is sort of a full step nickel, kinda, because it's close

If we follow the logic out, it would be OK to call a nice AU coin an UNC, because it was close

Thanks,
Bill

 

I agree with you all the way around. It did take away from the NGC full step collectors, but remember, it was PCGS's decision to employ that grading standard. NGC did not relent until much later in the game. There are still many NGC full step collectors who don't consider anything other than 6FS a full step nickel. And they really do have a good point, one that you share with them. There really is something about a boldly impressed full step (6 step) Jefferson Nickel.




Regarding you logic theory that it is OK for a TPG to call an nice AU coin MS because it was close, well they do that as well. And whether they call it cabinet friction, stacking friction, or value grading, it is still an AU coin in an MS holder.

 

hi

i got a quick question how much is a jefferson nickel 1943-p Worth

 

A common 1943P with no major variety depends on the condition.

The price ranges for sales on Teletrade are:
MS65FS about $20.
MS66 for about $20
MS66FS for around $70
MS67 for $50-75
MS67FS for $500-800