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<p>[QUOTE=&quot;Lehigh96, post: 1428646, member: 15309&quot;]Thanks for the plug Greg!</p><p><br /></p><p>@rodeoclown, the coin in the link is a registry quality coin and the 45-P is the toughest war nickel to find in MS67.&nbsp; It bears no comparison to what you can find raw &amp; cheap.</p><p><br /></p><p>@rickmp, the 1945-P has become a conundrum over the last few years in MS67.&nbsp; Those that don&#039;t truly understand the market see what has happened and have grossly over priced their coins.&nbsp; Let me show you what I mean by referencing some past auction archives for PCGS MS67 1945-P Jefferson Nickels.</p><p><br /></p><p><a href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=30084" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=30084" rel="nofollow">The March 2010 Baltimore Auction Lot #577. 1945-P Jefferson Nickel. MS-67 (PCGS). $3,738 </a></p><p><br /></p><p><img src="http://stacksbowers.com/images/inventory/33/t//41179_01.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://stacksbowers.com/images/inventory/33/t//41179_02.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><a href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=77018" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=77018" rel="nofollow">The August 2010 Boston Rarities Sale Lot #325. 1945-P Jefferson Nickel. MS-67 (PCGS). $1,668 </a></p><p><br /></p><p><img src="http://stacksbowers.com/images/inventory/34/t//62992_01.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://stacksbowers.com/images/inventory/34/t//62992_02.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><a href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=134634" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://stacksbowers.com/auctions/AuctionLot.aspx?LotID=134634" rel="nofollow">The January 2011 Tampa Bay Rarities Sale Lot #328. 1945-P Jefferson Nickel. MS-67 (PCGS). $1,726 </a></p><p><br /></p><p><img src="http://stacksbowers.com/images/inventory/70/t//93056_01.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://stacksbowers.com/images/inventory/70/t//93056_02.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The total PCGS population for the 1945-P Jefferson Nickel MS67 is 36/0.&nbsp; Within that group, there are a number of coins that have similar toning to the coins shown above.&nbsp; Foregoing the discussion about the originality of the toning of these coins, the first one sold in the March 2010 Baltimore Sale and basically set the market for these coins.&nbsp; Each time one of these rainbow toned PCGS 45-P&#039;s hit the market, they drive moon money prices.&nbsp; At one point, the PCGS Price Guide for these coins was over $1,500 due to the effect of auction prices of these rainbow toned coins.&nbsp; A member of the PCGS forum actually contacted PCGS and asked them to reduce the Price Guide and soon thereafter it dropped below $1,000 again.&nbsp; Anyway, now everytime one of these coins is auctioned, there is significant auction history to show that the coins are worth $1,500-$2,000 and that is what they have been achieving.&nbsp; One sold for $1,610 on 8/13/2011 but I don&#039;t have a link to the auction.&nbsp; The most recent was this one sold in the latest Heritage auction.</p><p><br /></p><p><a href="http://coins.ha.com/c/item.zx?saleNo=1169&amp;lotNo=3700" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.ha.com/c/item.zx?saleNo=1169&amp;lotNo=3700" rel="nofollow">2012 April 18-22 US Coins &amp; Platinum Night CSNS Signature Auction- Schaumburg #1169&nbsp; Lot 3700 1945-P 5C MS67 PCGS&nbsp; $1,380</a></p><p><br /></p><p><img src="http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f8%2f0%2f6%2f9%2f8069142.jpg%5d%2ccontinueonerror%5btrue%5d&amp;scale=size%5b220x350%5d%2coptions%5blimit%5d&amp;source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&amp;sink=preservemd%5btrue%5d" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><img src="http://images.ha.com/lf?source=url%5bfile%3aimages%2finetpub%2fnewnames%2f300%2f8%2f0%2f6%2f9%2f8069141.jpg%5d%2ccontinueonerror%5btrue%5d&amp;scale=size%5b220x350%5d%2coptions%5blimit%5d&amp;source=url%5bfile%3aimages%2finetpub%2fwebuse%2fno_image_available.gif%5d%2cif%5b%28%27global.source.error%27%29%5d&amp;sink=preservemd%5btrue%5d" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>I know this is getting long, but the result is that because of these coins, anytime someone sees a rainbow toned MS67 1945-P Jefferson Nickel, they want to cash in and get a price similar to the coins listed above.&nbsp; The problem is that NGC has different standards with relation to what constitutes an MS67 Jefferson Nickel.&nbsp; The population reports bear out this fact.&nbsp; While the PCGS population of the 1945-P MS67 is 36/0, the NGC population is 340/2 which is almost 10X the number of PCGS.&nbsp; This tells us that the majority of the NGC MS67&#039;s if submitted to PCGS would actually end up in an MS66 holder.&nbsp; If that were to happen, there is no way the coin would drive a price tag anywhere near $1,000.</p><p><br /></p><p>So, the real trick in evaluating an MS67 NGC 1945-P Jefferson Nickel is to be able to predict if the coin would cross into a PCGS MS67 holder.&nbsp; The coin in question has some problems that would most likely keep it out of a PCGS MS67 holder.&nbsp; The spot of Monticello is one, and the mark on Jeff&#039;s collar is another.&nbsp; </p><p><br /></p><p>My opinion of that coin is that it meets the standards for an NGC MS67 but only a PCGS MS66.&nbsp; Furthermore, based on the apparent toning in the photos and the assigned star designation, it is probably a very attractive coin and worth a premium to an untoned NGC MS67.&nbsp; Of the 340 NGC MS67&#039;s, only 9 have been awarded the star designation.&nbsp; So how much is the coin in question worth?&nbsp; Numismedia wholesale lists the 1945-P NGC MS67 @ $200 and lustrous untoned examples achieve that price.&nbsp; I would say that the coin in question is worth a few multiples of Numismedia Wholesale, between $400-$600 or roughly half of the seller&#039;s asking price.&nbsp; This seller has a very optimistic price but does not have the photographic skill to even show the potential buyer what they are getting.&nbsp; The coin needs professional photographs in order to realize the price listed.&nbsp; Even though there is a return policy in place, my advice would be not to purchase that coin at that price.</p><p><br /></p><p>FWIW, I paid $437 for my 1945-P NGC MS67* in 2008.&nbsp; Like the coin in question, mine would not cross to PCGS.</p><p><br /></p><p><img src="http://i117.photobucket.com/albums/o59/ACPitBoss/Jefferson%20Nickels/JN1945-PNGCMS67-1.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" />[/QUOTE]</p><p><br /></p>

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