1956 D Jefferson Nickel Full Steps MS67 Value?

I have a 1956 D Jefferson that has 6 full steps...no nicks..no bridges...amazing strike....this coin looks like a proof strike. I have several MS66 FS PCGS and NGC graded coins. This coin looks as struck. No hairlines no distractions of any kind..with the exception of one very hard-to-see nick on end of nose under 15X magnification, can't see it under 10X magnification. PCGS has never graded a '56 D Jefferson higher than MS66 FS.

The question is, since I plan to auction it via Heritage should I have it graded through PCGS or NGC since it has 6 full steps?... it will almost defiantly grade MS67 FS. I am a very conservative self grader. Would PCGS or NGC bring the most money? This coin in high grade with full steps is rare indeed. Especially 6 full steps and eye popping strike and fields.

Thanks...

Finally, Posted Pictures of this coin here:

http://picasaweb.google.com/rh28732/1956DNickel?authkey=Gv1sRgCJaezfe52ZqW4gE#

 

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I hope you have at least $5,000.00 worth of coins to auction. That's Heritage 's minimum. PCGS encapsulated coins typically bring more than NGC. However NGC grading for Jeffersons are far more strict than PCGS. I would suggest you post some photo's here for Jefferson collectors to opinion on.

 

Oh I do..I plan to auction a 1945 P DD Reverse 030.1 Full Steps MS65, 1946 D/D Full Steps, 1965 6 Full Steps, 1955 D/S MS66...and the 1956 D Full Steps once I get it graded.

 

Here is my advice on how to have your raw Jefferson Nickels graded. I have broken the coins down into three groups: Possible Full Steps, Definite Full Steps, Not Full Steps.

• Possible Full Steps: 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.

• Definite Full Steps: 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.

• Not Full Steps: 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.

If you really feel this coin is a high grade full step coin then you have to send it to PCGS. Even though you have a much better chance of getting the MS67 grade from NGC, the money is in the FS designation, not the number grade. To my knowledge, NGC has only graded two 1956-D Jefferson Nickels with the full step designation. And nobody is going to quibble about 5 or 6 steps for an issue that is this rare with full steps. Send it to PCGS.

BTW, if you could show us a photograph of the coin, that would be appreciated.

 

You have to remember that the graders do not ponder over Jefferson nickels like other rarer coins, it gets a cursory inspection and anointed a grade and designation...it happens that fast.

Therefore, if at first you don't succeed, try again.

 

How did you arrive at that conclusion ?

 

Most professional graders will only look at a coin for 5-10 seconds. I remember hearing that somewhere around here, maybe from Doug or Feld?

 

It’s not a foregone conclusion that Jefferson nickels are not looked upon like say a 1927-D Double Eagle with 3 panel experts…common coins are relegated very little time to determine the grade and designation, unfortunate but very realistic.

 

When a coin is being graded by a TPG , it passes through 3 or 4 graders before a final grade is established and assigned. The first part of the grading process may only take 5-10 seconds.

 

Yes, common coins are given very little time. I don't think that would be the case with the coin in question though . Now Mark Feld would be more qualified than I to comment with first hand working knowledge, having worked as a grader for NGC .

 

What you stated is partly true, for common stuff . I don't think that this would be the case specifically with the coin noted in this thread. Since I don't have much of any experience with Jefferson Nickels, I defer to those that do. Let's not derail from the original question of the thread.

 

Here Are Pictures of This Coin...Sorry Best I could Do With Limited Camera...

http://picasaweb.google.com/rh28732/1956DNickel?authkey=Gv1sRgCJaezfe52ZqW4gE#

 

MS65 at best, imho... More like MS64 or so. Steps aren't discernible enough, but do look quite well struck. Obverse die was beat!

 

Well the pictures do not show the superb strike of this coin..obverse and reverse...out of focus a bit...plus coin has mint luster so lighting was a problem as well...but best i could do....

 

It's a very nice coin, and I think you have a good shot at the grade you suggested. As for which TPG would give you a 67, personally I think NGC . However, I would wait for Lehigh to make a suggestion to you, as he is far more experienced working with this series and the TPG's . I think getting a 67 out of PCGS is not possible. At best they would 66 FS the coin. NGC 67 FS That coin is well struck , fields are clean of the usual stuff . I wish the coin had more pizzazz to it.

 

Well the coin has full mint luster, you just cant see it because the light was too bright so i had to moved it...thus causing a shadowy lot of pictures...

If NGC would possibly give me a MS67 FS grade, then I'd have to send to NGC for gradeing...MS66 FS in this coin trends for around 2.5-4K on Heitage. I can't imagine what the only 1956 D MS67 FS ever graded by PCGS or NGC would fetch.

Crazy, I paid $4.80 on ebay with free shipping for this coin.

 

I wouldn't do that. A PCGS MS66 FS will likely drive a higher price than an NGC MS67 FS. And remember, NGC has only certified two 1956-D Jefferson Nickels with full steps. IMO, you are much more likely to get the FS designation from PCGS and as long as the coin is a solid MS66, you should do very well.

 

Ok Thanks...I'll send to PCGS....

 

Well there you go ronnie. I think it's a very nice coin.

 

When all is said and done, please remember to post the grading results. Good luck to you.