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<p>[QUOTE=&quot;Lehigh96, post: 3542721, member: 15309&quot;]That is really cynical.&nbsp; The TPGs have a process for grading Jefferson Nickels that includes evaluating and assigning the strike designation of FS or 5FS or 6FS if the coin qualifies.&nbsp; They can&#039;t just stop assigning the strike designation because the mint started creating better quality.&nbsp; As I stated in my last post, there are still coins that don&#039;t meet the full step designation due to marks caused after the minting process, which can be seen in the population reports.&nbsp; For example, here are the NGC populations for the 2000-P Jefferson shown in this thread.</p><p><br /></p><p>2000-P Jefferson Nickel:&nbsp; (NGC Population)</p><p><br /></p><p>Total MS No FS:&nbsp; 7</p><p>Total MS 5FS:&nbsp; &nbsp;&nbsp; 9</p><p>Total MS 6FS:&nbsp; &nbsp; 122</p><p><br /></p><p>MS67 No FS:&nbsp; &nbsp; &nbsp;&nbsp; 0</p><p>MS67 5FS:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 1</p><p>MS67 6FS:&nbsp; &nbsp; &nbsp; &nbsp;&nbsp; 17</p><p><br /></p><p>We can see from these numbers that there are still non full step coins and that assigning the designation is still necessary, but your complaint about the illusion of the value of the coin is still valid IMO, just not for the reason you stated.&nbsp; Because these coins are mostly found with 6FS, those coins without will be sold at a steep discount.&nbsp; The problem is in the valuation of the PCGS MS67 FS or NGC MS67 6FS to begin with. </p><p><br /></p><p>The <a href="https://coins.ha.com/itm/jefferson-nickels/nickels/2000-p-5c-ms67-full-steps-pcgs-ex-steve-strom-collection-pcgs-population-10-0-ngc-census-1-0-numismedia-wsl-pri/a/131609-21057.s?ic4=ListView-ShortDescription-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/jefferson-nickels/nickels/2000-p-5c-ms67-full-steps-pcgs-ex-steve-strom-collection-pcgs-population-10-0-ngc-census-1-0-numismedia-wsl-pri/a/131609-21057.s?ic4=ListView-ShortDescription-071515" rel="nofollow">Steve Strom 2000-P Jefferson Nickel PCGS MS67 FS</a> sold for $705 in 2016</p><p><br /></p><p>At the time, the Populations were PCGS (10) and NGC (1).&nbsp; In the last 3 years, the NGC population has increased from 1 to 17, yet the NGC Price Guide still lists the value in the $650.</p><p><br /></p><p>Now compare this with some of the more recent years where the bulk submitters are using mint rolls to satisfy the modern registry collector demand.</p><p><br /></p><p>Here is a <a href="https://coins.ha.com/itm/jefferson-nickels/nickels/2014-5c-ms67-full-steps-pcgs-pcgs-population-60-3-ngc-census-0-0-/a/131631-21750.s?ic4=ListView-ShortDescription-071515" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://coins.ha.com/itm/jefferson-nickels/nickels/2014-5c-ms67-full-steps-pcgs-pcgs-population-60-3-ngc-census-0-0-/a/131631-21750.s?ic4=ListView-ShortDescription-071515" rel="nofollow">2014-P Jefferson Nickel PCGS MS67 FS</a> that sold for only $37 in 2016.</p><p><br /></p><p>The PCGS population at the time was 60/3 and has risen to 72/3 currently.&nbsp; Additionally, the current NGC population is 127/16.&nbsp; The current price guides also reflect a much more modest and reasonable price for a modern coin:&nbsp; Greysheet $20, PCGS Price Guide $30, Numismedia Retail $40.</p><p><br /></p><p>So what is the huge difference between the year 2000-P and 2014-P?&nbsp; I submit that the only difference is the number of submissions to the TPGs.&nbsp; In the year 2000, the Registries didn&#039;t exist and there was basically no demand for high grade modern material such as these nickels.&nbsp; However, that doesn&#039;t mean that there aren&#039;t plenty of uncirculated rolls of 2000-P Nickels in existence.&nbsp; As the years pass and the coin ages, the demand should grow, as will the populations, and each time a new 2000-P MS67 FS is graded, the value of the existing group will decline.&nbsp; Anybody who pays top dollar for these high grade moderns with no shortage of supply of raw high grade uncirculated rolls is destined to lose.&nbsp; Instead of paying $500-$700 for one of these coins, you could buy 5 uncirculated rolls, pick the top 5 coins, submit them to NGC or PCGS and expect to get at least one MS67 FS for near $100.[/QUOTE]</p><p><br /></p>

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