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Jefferson Full Steps or not ?
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<p>[QUOTE="GDJMSP, post: 123243, member: 112"]That depends. I can't remember for sure how long it's been, but I don't think it's been 2 yrs yet - but up until then NGC would not designate a nickel as FS unless it had the 6 full steps. It had nothing to do with the date on the coin. And I must say, I always agreed with this rationale. A coin is either FS or it isn't. And since there are 6 steps then all 6 of them need to be full to qualify for the designation.</p><p><br /></p><p>It's kind of like saying that glass is three quarters full so we might as well say it's full. :rolling: </p><p><br /></p><p>But eventually NGC gave in to pressure from collectors and dealers and decided to jump on the bandwagon with PCGS & ANACS. </p><p><br /></p><p>If you collect these coins, you need to be aware that no 5.5 or 5 step coin sells for the same price as 6 step coin. And about the only way you will ever see the price differences is to check auction records. Just make sure that when you compare those records you aren't comparing a sale from 2001 with one from 2005 or something. That won't take into account the price increases in the past 4 years.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 123243, member: 112"]That depends. I can't remember for sure how long it's been, but I don't think it's been 2 yrs yet - but up until then NGC would not designate a nickel as FS unless it had the 6 full steps. It had nothing to do with the date on the coin. And I must say, I always agreed with this rationale. A coin is either FS or it isn't. And since there are 6 steps then all 6 of them need to be full to qualify for the designation. It's kind of like saying that glass is three quarters full so we might as well say it's full. :rolling: But eventually NGC gave in to pressure from collectors and dealers and decided to jump on the bandwagon with PCGS & ANACS. If you collect these coins, you need to be aware that no 5.5 or 5 step coin sells for the same price as 6 step coin. And about the only way you will ever see the price differences is to check auction records. Just make sure that when you compare those records you aren't comparing a sale from 2001 with one from 2005 or something. That won't take into account the price increases in the past 4 years.[/QUOTE]
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Jefferson Full Steps or not ?
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