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Does this Jefferson Deserve Full Steps?
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<p>[QUOTE="Lehigh96, post: 1878666, member: 15309"]The reason the 5FS designation exists is because PCGS only ever required five full steps for a Jefferson to qualify for their FS designation. The PCGS standard became the standard due in part to PCGS market share but also because there are so many date/mm that don't exist in 6 full steps. The full step Jefferson collectors wanted a way to complete their sets so 5 full steps gained tremendous support from the collector base. NGC had no choice but to create the 5FS designation or lose the Jefferson Nickel market to PCGS forever.</p><p><br /></p><p>There is no risk that they will lower the restrictions for full steps in the future so don't worry about 4 full steps. I understand how you guys feel about the designation, but the desire to obtain full step nickels predates the TPG's. The <b>PAK</b> Full Step Nickel Club was created in 1977 by <b>P</b>hilip Petrillo, <b>A</b>dolf Weiss, & <b>K</b>arl Nenninger, hence the acronym. The creation of the full step designations by the TPGs was born out of customer demand more than a money making scheme.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1878666, member: 15309"]The reason the 5FS designation exists is because PCGS only ever required five full steps for a Jefferson to qualify for their FS designation. The PCGS standard became the standard due in part to PCGS market share but also because there are so many date/mm that don't exist in 6 full steps. The full step Jefferson collectors wanted a way to complete their sets so 5 full steps gained tremendous support from the collector base. NGC had no choice but to create the 5FS designation or lose the Jefferson Nickel market to PCGS forever. There is no risk that they will lower the restrictions for full steps in the future so don't worry about 4 full steps. I understand how you guys feel about the designation, but the desire to obtain full step nickels predates the TPG's. The [B]PAK[/B] Full Step Nickel Club was created in 1977 by [B]P[/B]hilip Petrillo, [B]A[/B]dolf Weiss, & [B]K[/B]arl Nenninger, hence the acronym. The creation of the full step designations by the TPGs was born out of customer demand more than a money making scheme.[/QUOTE]
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