Good afternoon! I have an amazing coin that I'd like to offer for sale or trade today. This coin not only is highly sought after as is, but it has, IMO, a TON of upside potential. I'll show you the coin first, then share my thoughts and asking price: So, what we have here is a 3rd-gen NGC "Fatty" holder with an unattributed FS-801 "Doubled Monticello/FIVE CENTS" DDR. In MS66!!! After a quick call to NGC customer service, I found out that this coin was graded in 1988. That means this coin has been sitting in a slab for almost THIRTY YEARS without someone looking at the back to check for the DDR. YIKES. NGC currently shows 2 higher at 67 with 7 at 66. This is a once-in-a-lifetime kind of coin, honestly. Now, any of you who are paying attention will know that I also collect Jefferson Nickels. This coin will most likely end up in my collection, and I'll end up selling my lower-grade 1939 DDR. HOWEVER...I figured I'd give some fellow coin collectors the opportunity to add this coin to their collection "as is" before I decide what to do with it. Now, here is the good: Old NGC MS66 holder One of the highest graded examples known of this tough variety ALMOST full steps. I feel that the obverse is comparable to other MS67 coins I already own Let's pause here and talk about the steps. To me, this coin is not an NGC 5FS or 6FS coin. HOWEVER...I currently own quite a few PCGS FS Jeffersons with much, much worse steps than this coin. If this coin got crossed into a PCGS MS66FS slab...it's a $5,000 coin instead of a $2,000 coin. That, to me, is quite a lot of upside potential for one coin. Okay, let's talk about the bad: There is a minor spot of corrosion just under the steps. Below will be a closeup of it for your inspection. Will this coin need to be conserved? Will NCS be able to remove those tiny spots without turning it into a Details coin? Will it stay at MS66 once it's been sent to NCS? (Side note: PCGS has a crossover special for February - no charge if it doesn't cross) I think these are all valid questions - questions that will need to be balanced against the potential for a pretty significant profit. Now, you might be asking me: If you already did all the homework, why don't you just send the coin to NCS/NGC or PCGS? Well, I've been thinking about it for a couple weeks now since it arrived, and I thought I'd give everyone a few days or so to mull over the "adventure" of this coin. If my terms are met, I think I'll be a happy camper and be able to move on (although I'll really, really be interested to hear the end results for it.) If my terms aren't met, I get to keep the coin and put it in my collection. MY TERMS: I am open to considering trades. What do I want in trade? TWO ounces of gold or 140 oz of silver. Can be in any mainstream coin/bullion form. Can be US coins or World coins (will count by ASW). USPS Money Order or PP GIFT: $2200 FIRM. Yes, I realize that my asking price is higher than book value for this grade/variety. However, let's say the coin ends up in a PCGS MS66FS slab - there is PLENTY of room left over for someone to be extremely comfortable and make a decent hunk of change. Posted at 2:57 PM CST on Feb 2, 500 AD
