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<p>[QUOTE="Lehigh96, post: 991884, member: 15309"]First, I would like to welcome a fellow Jefferson Nickel enthusiast to the forum.</p><p><br /></p><p>Your question is very important and surprisingly difficult to answer. As you probably know, NGC & PCGS employ very different standards in their respective grading of the Jefferson Nickel series. PCGS is almost a full grade more conservative than NGC but NGC is much more stringent in their application of the full step designation. As a result, grading and pricing high end Jefferson Nickels is very tricky. </p><p><br /></p><p>Here is my advice on how to have your raw Jefferson Nickels graded. Break the coins down into three groups: Possible Full Steps, Definite Full Steps, Not Full Steps.</p><p><br /></p><ul> <li><b>Possible Full Steps</b>: This category is for coins that you think might be full steps but are not positive. Submit all coins in this category to PCGS. It is paramount to get as many coins as possible with the full step designation regardless of numerical grade. Full Step coins are much more marketable and much more likely to appreciate in value over time. Since NGC is extremely strict with the full step designation, you don't want to send them coins with questionable steps.</li> <li><b>Definite Full Steps</b>: For all of your 100% no doubt full step coins, you will need to grade each coin using both PCGS and NGC standards. Because of the variation in standards, very few coins will be the same grade. Most of your PCGS coins will be one grade lower than your NGC grades. Once you have guessed the grades, you need to compare the auction archive prices for both PCGS and NGC for each coin and determine which TPG gives you the best value. Remember that there is no price guide for NGC graded full step coins so you must use auction archive prices for this exercise. For coins that are approximately equal in value, use PCGS.</li> <li><b>Not Full Steps</b>: Send all of your non full step coins to NGC unless you are certain that the coin will grade MS67 by PCGS. The only exception here would be if you have a fantastically toned coin. Even if it would grade MS67 by PCGS, you should send it to NGC and get the star designation.</li> </ul><p><br /></p><p>I would also like to stress the prudence in evaluating the credentials of those giving you advice. I am an avid collector of Jefferson Nickels and currently hold the 2nd ranked NGC Registry Jefferson War Nickel Set and the 5th ranked NGC Registry Jefferson Nickel Set (1938-1964).</p><p><br /></p><p><a href="http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=52816" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=52816" rel="nofollow"><img src="http://boards.collectors-society.com/signatures/signature.php/NGC/set/52816/sig.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a></p><p><a href="http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=55274" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=55274" rel="nofollow"><img src="http://boards.collectors-society.com/signatures/signature.php/NGC/set/55274/sig.jpg" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></a></p><p><br /></p><p>Welcome to the forum and don't hesitate to talk about Jefferson Nickels, it is one of my favorite activities.</p><p><br /></p><p>Paul[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 991884, member: 15309"]First, I would like to welcome a fellow Jefferson Nickel enthusiast to the forum. Your question is very important and surprisingly difficult to answer. As you probably know, NGC & PCGS employ very different standards in their respective grading of the Jefferson Nickel series. PCGS is almost a full grade more conservative than NGC but NGC is much more stringent in their application of the full step designation. As a result, grading and pricing high end Jefferson Nickels is very tricky. Here is my advice on how to have your raw Jefferson Nickels graded. Break the coins down into three groups: Possible Full Steps, Definite Full Steps, Not Full Steps. [LIST] [*][B]Possible Full Steps[/B]: This category is for coins that you think might be full steps but are not positive. Submit all coins in this category to PCGS. It is paramount to get as many coins as possible with the full step designation regardless of numerical grade. Full Step coins are much more marketable and much more likely to appreciate in value over time. Since NGC is extremely strict with the full step designation, you don't want to send them coins with questionable steps. [*][B]Definite Full Steps[/B]: For all of your 100% no doubt full step coins, you will need to grade each coin using both PCGS and NGC standards. Because of the variation in standards, very few coins will be the same grade. Most of your PCGS coins will be one grade lower than your NGC grades. Once you have guessed the grades, you need to compare the auction archive prices for both PCGS and NGC for each coin and determine which TPG gives you the best value. Remember that there is no price guide for NGC graded full step coins so you must use auction archive prices for this exercise. For coins that are approximately equal in value, use PCGS. [*][B]Not Full Steps[/B]: Send all of your non full step coins to NGC unless you are certain that the coin will grade MS67 by PCGS. The only exception here would be if you have a fantastically toned coin. Even if it would grade MS67 by PCGS, you should send it to NGC and get the star designation. [/LIST] I would also like to stress the prudence in evaluating the credentials of those giving you advice. I am an avid collector of Jefferson Nickels and currently hold the 2nd ranked NGC Registry Jefferson War Nickel Set and the 5th ranked NGC Registry Jefferson Nickel Set (1938-1964). [URL=http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=52816][IMG]http://boards.collectors-society.com/signatures/signature.php/NGC/set/52816/sig.jpg[/IMG][/URL] [URL=http://coins.www.collectors-society.com/registry/coins/MySets_Listing.aspx?PeopleSetID=55274][IMG]http://boards.collectors-society.com/signatures/signature.php/NGC/set/55274/sig.jpg[/IMG][/URL] Welcome to the forum and don't hesitate to talk about Jefferson Nickels, it is one of my favorite activities. Paul[/QUOTE]
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