The 1945-S (Proof-Like) Jefferson Nickel

Discussion in 'US Coins Forum' started by chasindreams, Jan 18, 2010.

  1. chasindreams

    chasindreams Member

    Existence of a Proof-Like (PL)-Coin in this date, is,(Currently) in a "Class" all of its own, Bernard Nagengast mentions in his book, that with Semi or Full Prooflike Surfaces it's considered a very rare coin !

    Not knowing the Population of this coin, I called-in to (NGC) and they told me that there was only (1) of these in (All Grades) in (Proof-Like), which is in a MS-65 Grade!

    But', tell me this,,, How can a person put a "Value" on this, with this being just a MS-65 Grade? Even with the Population of only being (1) with the granular look to it on the Reverse/Side, wouldn't that kick it down a notch or two? Again,,,Another Judgement Call !

    In these Photo(s) you'll see what I mean.
     

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  3. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Wow. Consider me jealous on an epic scale. That nickel is beautiful. Do you own it? If you don't mind me asking, where, when, how much, etc., did you purchase it. Prooflikes intrigue me - see my article concerning Prooflike Franklin's. Prooflikes in all series from the 1920's through the early 1980's are exceedingly rare. That is a beautiful coin.

    edited
     
  4. borgovan

    borgovan Supporter**

    I don't see granularity in the pics, just horizontal lines on the reverse. That's typically die polish, especially on Jeffersons, and especially on war nickels. That's probably why it got the PL designation.

    If there truly is granularity, it's probably a late die state strike, commonly referred to as an "orange peel" texture, it's common on Jeffersons -- they really used the dies a long time.
     
  5. chasindreams

    chasindreams Member

    Hello' PhysicsFan ! This is chasindreams,,,,,an' thank you for your comment, concerning this 45-S Jeff-. I'm guessing here, because it's been a good 3 years, since I purchased it from a coin antique store in Reno,Nevada. it took almost (2) Ben
    Franklin's to get it ! I know, because I used my gambling money to buy it! I was a little short on cash that trip,,,,but' I wasn't sure just how rare this actually was, till
    last year, I was digging out my bag in the closet, an' happened to come across it again. editedI was just curious, why such a low
    pop/? an' why more haven't been found like this,,,,it' kinda' boggles the mind,abit,,doesn't it? editedI didn't know Lehigh (Paul) collected these,,,,lol' thanks'again,,,,for the
    kind words,,,I will check out your Frankies later,,,got an ' appt pretty soon,,take care!
     
  6. chasindreams

    chasindreams Member

    Hello' borgovan,,,,thank you for your comments, I always keep 1 ear-1 eye
    open, so I can learn even more from you specialist's in this field. thanks,again!
     
  7. Lehigh96

    Lehigh96 Toning Enthusiast

  8. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    edited.

    What do you think a coin like this would go for?
     
  9. Lehigh96

    Lehigh96 Toning Enthusiast

    Jason,

    edited I have no idea what the coin would sell for, I can only tell you how much I might pay for it. My price would be anywhere from $500-$1,000 depending on the eye appeal of the coin. If the fields had issue like Jim is stating, my price would be at the low end.
     
  10. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    Wow, that is a lot more than my estimate that I told him. I guessed it would sell in the range that I recently bought my Merc for, around $350.
     
  11. Lehigh96

    Lehigh96 Toning Enthusiast

    My only condition is that I would only pay that price in an auction setting. If I bid $1,000 and get it for $700 that assures me that another buyer was willing to go that high. If I pay $1,000 retail and try to auction the coin later, I might find it only realizes $300 which is not something I want to find out.
     
  12. rlm's cents

    rlm's cents Numismatist

    Maybe you can tell me this. They have "PL" listed for most dates of the Jeffersons. IF they are so rare, why are their registry points so low? In many cases they are the lowest valued coin listed - even lower than the standard MS65 coin, for instance. I have never pretended to understand how they assign values for the registry, but that just seems ridiculous.
     
  13. physics-fan3.14

    physics-fan3.14 You got any more of them.... prooflikes?

    The Registry point values for prooflike coins are seriously out of whack with reality - and this is something I have told them over and over again. The problem is, prooflikes aren't all that well known or popular, so points for them are a low priority. Prooflikes are indeed exceedingly rare - many later dates may be listed, but checking the census you will see each date only has one or two graded. The early dates are incredibly rare - and we are making a big fuss over the OP's coin because it is a silver war nickel. There are only a tiny handful war nickels graded PL.
     
  14. Lehigh96

    Lehigh96 Toning Enthusiast

    I would seriously caution ever trying to price a Jefferson Nickel based on the registry points of the series. After all, the 1943-P Doubled Eye Variety gets the same points as the standard issue coin. However a 1943-P in MS65 FS will run you about $25 whereas the 1943-P DDO MS65 FS costs almost $1,000. The prooflike examples of any date are exceedingly rare. They are certainly much more rare than any of the Doubled Dies in the series. However, they are not as aesthetically impressive and don't have the same hype, thus their demand is much less. Only hardcore Jefferson collectors would really be interested in these coins IMO. However, I think there would be spirited bidding amongst the Jefferson Nickel connoisseurs.
     
  15. rlm's cents

    rlm's cents Numismatist

    You did everything but answer my question. I believe "PL" are rare. I believe that registry points do not correlate to value. I believe that Jefferson connoisseurs would bid on them probably as well as some others. What I do not understand is why the "PL" designation is treated like a negative by NGC or at least so on several occasions. It is not even a neutral, but a negative.
     
  16. Lehigh96

    Lehigh96 Toning Enthusiast

    I can only refer you to this thread in which they admit that the Jefferson series registry points need to be updated. I wait patiently.

    http://boards.collectors-society.com/ubbthreads.php?ubb=showflat&Number=2983772&fpart=2
     
  17. rlm's cents

    rlm's cents Numismatist

  18. chasindreams

    chasindreams Member

    Hello Paul,,,,,thanks' for the comments,it's appreciated! edited

    Keep in Touch ! chasindreams,,,,,
     
  19. GDJMSP

    GDJMSP Numismatist Moderator

    Gentlemen - let me remind you what our rules are here. Such things are not to be discussed openly in the forum. And I believe all of you know that.

    I do not want to see it happen any more.
     
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