Jefferson Nickel 1943-P DDO "Doubled Eye" PCGS MS67 5FS---Pricing?

Discussion in 'Error Coins' started by Lehigh96, Apr 6, 2009.

  1. Lehigh96

    Lehigh96 Toning Enthusiast

    This coin is being offered in the upcoming CSNS show in May. It is a fantastic MS67 with great color that I believe would be a wonderful upgrade to my NGC registry set. I can plainly see the doubling and agree about the variety designation, but PCGS gave this coin a 5FS designation which it does not deserve. As a result there is not previous pricing on this coin because of the 5FS designation. After some research, I was able to find the following pricing information.

    1943-P DDO MS65 5FS: $900-$1,200
    1943-P DDO MS66 5FS: Approximately $2,000

    1943-P DDO MS66: $850-$900
    1943-P DDO MS67: Approximately $1,100

    http://coins.ha.com/common/view_item.php?Sale_No=1124&Lot_No=2172

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    I am having a really hard time trying to figure out how to price this coin and predict what price it might realize in auction. I don't collect errors/die varieties and have no idea about the associated market. If anyone can provide me with any insight about the pricing of this coin, I would greatly appreciated it. Thanks!
     
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  3. the_man12

    the_man12 Amateur Photographer

    I would say more than $1,100 just because it has

    1) a good strike despite the lack of full steps
    2) very pleasant toning
    3) is in a 5FS holder

    Maybe $1,300? I really don't have any idea, I am just going by the prices you said.
     
  4. Lehigh96

    Lehigh96 Toning Enthusiast

    One response huh! Okay, does anybody know a dealer that specializes in Jefferson Nickels who could answer my question?
     
  5. andy21us

    andy21us Coin Hoarder

    Speedy would be the one to answer your questions on Nickels. But you can also look at Heritage website at www.HA.com it may help.
     
  6. rlm's cents

    rlm's cents Numismatist

    Just mathematically, your prices extrapolate to $1500 or $4000. I would not exactly call that (either) a reliable number. I think your best shot at a good answer would be Speedy. You have 20+ days. There is no big rush
     
  7. Lehigh96

    Lehigh96 Toning Enthusiast

    That means you are assuming that I have $4,000 just lying around and don't need to raise the money in order to bid. I think I better have a good few weeks at the poker table. Actually, one great night at the table will probably do. I am positive the coin will sell for more than $2,000, I just don't know how high it will go. A might run into a kool-aid bidder if you get my drift.
     
  8. rlm's cents

    rlm's cents Numismatist

    I was not assuming anything about your moneys. You asked for a stab at the price. Mathematically, that is what I got. That does not consider the timing of your prices let alone the current "depression". And, I would bet that when it is all said and done, it probably more depends on the mood of Joe, George and Paul Nickelcollector than any guess
     
  9. Magman

    Magman U.S. Money Collector

    I don't know pricing, but that sure is a nice coin!

    I love how the doubling is so clear! Color's pretty nice too :)
     
  10. Lehigh96

    Lehigh96 Toning Enthusiast

    My comment was in response to your comment "no big rush" and it was supposed to humorous. After reading it again, it wasn't. Sorry!
     
  11. rlm's cents

    rlm's cents Numismatist

    Don't worry. I did not take it seriously at all.
     
  12. Mareesey

    Mareesey Member

    I'd give my right arm if that constitutes as payment.
     
  13. Speedy

    Speedy Researching Coins Supporter

    That is one nice coin!
    I can see that bringing strong money! It has a nice strike, and besides a few, not nicked up and looking like a dog.

    The toning would be another plus....if it looks good in person. If I were you I would email Zane or Chris and ask them what they think about the coin in hand.

    I'm by no means an expert when it comes to pricing - but I'm going to say that it will go for the higher end of your prices... $1500-$3000.

    Maybe Nickelman will see this and jump in with an answer!

    Speedy
     
  14. TheNoost

    TheNoost huldufolk

    Thats ironic because the price range speedy quoted is about what insurance would give you if you lost an arm under basic coverage.
     
  15. commidaddy

    commidaddy Senior Member


    wow I didn't even know that was an option! I'm so going to the nearest coin dealer RIGHT NOW! lol I could walk out with at least 4 coins! Or maybe just kinda roll out...haha
     
  16. Mareesey

    Mareesey Member

    Roll out LOL. I don't really go for the Jefferson nickels and I'm drooling over that one.
     
  17. borgovan

    borgovan Supporter**

    Lehigh,

    That's a ridiculous coin, and it's going to bring ridiculous money. If the right people see it, it will be at the upper end of four figures.

    Don't know how I missed this thread earlier.
     
  18. nickelman

    nickelman Coin Hoarder

    Haven't been looking around CT lately almost missed this post.

    Sorry can't give you a price range on this one, serious $$$.
    Prices on these can be all over the place let alone one this caliber!
     
  19. foundinrolls

    foundinrolls Roll Searching Enthusiast

    Let me start by saying that it is a beautiful coin. I have no idea what a final price would be on one like this. Here is what concerns me. As you note, the coin does not deserve a 5FS designation. It may be close, but it just doesn't get there.

    You , or anyone else will be bidding against others who are buying the slab and not the coin. They will want to buy it and turn it quickly because of the slab. I can see it coming...when the new owner tries to sell it.....whoever it turns out to be.

    Now, you want to add it to a registry set and maybe you want to keep it for awhile. You are looking to buy the coin and not just the slab.

    That means if you take emotion out of the equation, whatever it goes for if you happen to be bidding against dealers, for example, you will pay too much for the coin.

    Someday when you try to sell it, or a family member tries to sell it, you can be sure that the purchaser, if a dealer will point out that the slab doesn't match the steps.

    So you pay too much up front and you lose again on the backend.

    When you show the coin to others , which is the reason for registry coins,. (otherwise, the registry wouldn't matter) they too will notice that the 5FS designation is a little weak.

    If the coin goes for a number at the low end of the MS-67 value, then you do OK. I am not going to guess what that number should be. If the coin goes for MS-67 5FS money or higher....you lose.

    Why...because you let emotion get you and you are not getting what is marked on the slab.

    Just my humble opinion. Still a very nice coin and one that you may not see available again for awhile, so I see why it is a tough question for you.

    Thanks,
    Bill
     
  20. coinman0456

    coinman0456 Coin Collector

    well, it may not, the coin is mis-graded, clearly not FS
     
  21. coinman0456

    coinman0456 Coin Collector

    right your are bill.
     
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