GTG 1942-D Jefferson Nickel (NGC--Bonus)

I said 67 no mention of steps.

but I wasn’t close enough apparently.

Thanks, Paul. I thought you liked me.

 

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I’d feel like my MS66 5FS is just as close a guess as MS67 with no FS. That is, close but wrong!

 

Sorry guys, didn't mean to leave anyone out, but everyone has a chance at redemption if they get the bonus right.

So far nobody has even ventured a guess.

 

MS 65 for the old NGC slab is my guess

 

I’ll guess it was an old fatty 66.

 

Original grade was MS65 , not full steps

 

original grade 64 no FS

 

MS68 6FS.

 

Original grade Fatty holder MS 65 5 FS

 

Anymore guesses, reveal later tonight. This also brings some of the original guesses back into play.

 

I’m going to go with a 66 back then. In my knowledge they were hesitant to gem shot dies. These aren’t shot, but the die wear is hard to ignore. I can’t see a 65 or under, even for those strict graders. Was the CAC around? That would CAC today at 66, I think. There are too many breaks in the steps for back then, I think.

 

I’m going to stick with my original grade of MS-66.

 

I bought this old fatty 1942-D NGC MS65 for $55 which is MS65 5FS money. I thought the coin was a solid MS66 5FS with an outside chance at MS67 5FS. If it got MS66 5FS I would break even, if it got MS67 5FS, I make a nice profit, and anything else, I get crushed.



Typically, when I find an old fatty with unattributed full steps, I simply send in for regrade, but I couldn't do that with this coin because I needed it to upgrade, and it had a much better chance getting the upgrade raw, so crack it I did. No risk, no reward!

 

Scared money don’t make money.

One great thing about collecting this series is CAC doesn’t look at them. This coin would have easily got a gold bean in that old 65 slab. And if it did have a gold bean it surely would have already been cracked and sent in for upgrade. Understanding this series and the gems that exist out there is what attracts me to this series although I do wish CAC would let these coins be considered.

 

I have always been a little confused when it comes to Jeffs and CAC. For the most part, none of them have beans, but I have seen proof Jeffs with beans and I have seen at least 3 43/2 overdates with beans. Will they only bean certain ones?

*EDIT* Nevermind. I went to the site and saw which ones they will do.

 

Paul:

Wasn’t there a thread about GTG or such when you first bought this coin? I wonder if we could dig it up if there was. There would be a lot of good commentary there as well.

 

I just do not understand the money involved with the TPG grading lottery. I know it's big bucks, but if I can't tell the difference, I don't care what it says on the plastic.

Love the Obverse, but the Reverse probably was no better than a 62 when minted. I have no problem whatsoever with MS 62 being a top dog on a series with problems getting a strong strike. The top dogs should not automatically get a 67 or 68 plus just because they are top dogs.

But don't listen to me for financial advice. It wouldn't work out well for you.

Just because there are 11 MS grades, doesn't mean there needs to be anything close to a normal distribution. In my delusional world, the price would be the same, but the grading would be technical, not financial and weak strikes would top out no higher than MS65, even if otherwise perfect.

 

That was a different coin Mike, click the photo below for the thread.



If we are counting, that is two MS67 FS 1942-D Jefferson Nickels I have made!

 

What if you could tell the difference? It wasn't luck that I cracked and submitted this coin that graded MS65 in the 90's. I knew the coin was undergraded, and saw an opportunity to make a profit with very little downside risk, so I jumped on it.

All this tells me is that you have never seen an MS62 Jefferson Nickel

I am not sure what you mean by normal distribution, but you have to remember that Jefferson Nickels are not worth grading below gem grades, but when you look at the grades MS64-MS68 for the 1942-D 5FS, I don't see anything wrong with the distribution.

NGC Populations (1/2022)
MS64 5FS: 21
MS65 5FS: 113
MS66 5FS: 229
MS67 5FS: 53
MS68 5FS: 2

I will say that if you are using a grading criteria that is so vastly different than those employed by the TPGs, it should come as no surprise that their grade distributions are going to much different than yours.

 

I was looking at a different nickel with way more problems on the reverse. I'm not sure how I mixed them up. No golden toning or lighting on the coin I was commenting on.

I suppose it's just better to go with my original post indicating I have no clue about pricing modern coins and add grading which seems entirely random to me.