GTG 1939 Rev of 40 Jefferson Nickel

So this coin is really tough because it is clearly undergraded by at least one point, I think 2 points, and it doesn’t qualify for full steps by NGC standards but it probably would be full step at PCGS.



Question is, what should I do with it?

 

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Haha, you've fooled us all!

I stand by my original 65 no-FS.

My vote: sell it.

 

Ok,

1) sell it as is
2) crack it and sell it raw
3) crack it, submit it to NGC or PCGS, then sell it

 

Well, let me put it like this:

In the old ANACS white holder, it has the intrigue of being in an old holder. Let's assume NGC price guide is accurate:

64 5FS is listed at $40. This is what the slab says.
65 no-FS is listed at $42. This is what I say it is.
65 5FS is listed at $55, and you claim that PCGS will probably grant it that (which absolutely reduces the credibility of the already-worthless PCGS so-called strike designations....)
Even at 66 5FS (the equivalent of 66FS at PCGS, and the upper max of what you think it might get), NGC lists this at $81.

To submit, you're going to pay $30 minimum in fees and shipping.

I see absolutely no reason to submit this coin to either service, because in the *absolute best case scenario* the anticipated upgrade is not even close to being worth it.

I certainly wouldn't crack it, because raw it is worth $5-$10. The old ANACS slab is worth more than that!

I'd sell this piece as is....

Unless, in typical Lehigh fashion, there's something more about the coin you haven't revealed to us. This is so far below your normal range/grade/strike/value that I have to suspect there's a trick

 

No tricks Jason, but I'm stubborn and very confident of my ability to grade Jefferson Nickels. I had this coin at MS66 5FS which carries a greysheet price guide of $75. I paid $15.50 for the coin and submission fees with S&H were only $20 after the recent discount offered by NGC. With a total expenditure of $35, it was hard not to choose option 3 since I would be basically break even if I was wrong and it only graded MS65 5FS.

Well I was wrong, and this coin achieved what is basically the equivalent of a double-eagle in golf, the 3 point upgrade with a greysheet of $225.




Doesn't hurt to get lucky sometimes.

 

Golf double eagles are more rare that hole-in-ones. I have had 2 hole in one's. But I get what you are getting at!

 

I voted at 65.

 

With those large marks on Monticello, there is no way this belongs in a 67 holder.

You got lucky - but I still maintain NGC got this one wrong.

 

They aren't that big, but I did get lucky. Even I had this at only MS66.

The marks are much less prominent when viewed in the slab shot. I have plenty of MS67s with marks of that size, albeit, not any from 1939, a year they grade notoriously strict.

 

I was at 66, but late to the party. That coin is definitely undergraded.