1997 p special unc jefferson nickel

what are the possible future incline price increase on this coin

 

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Well with only 25,000 minted the lowest mintage of the Jefferson series, and looking over the other mintages of the Jeffersons nickels since 1938 ....I say very good. In fact I have about 20 of them put away! NGC grading post a SP -69 worth as $250.00 and a SP-70 @ $500.00. A coin IMHO worth holding on to. Paddy:thumb:

 

You can find the set SP-69 Kennedy & Jefferson for about $450.00. the Half being the most costly at about $299.00 -$325.00. pick up a Coin World Robert Charles just had an ad for the Kennedy.

 

Yeah , The 1997-P Jefferson came only in the 1997 Botanic Garden set "Coinage & Currency" set Unc. silver dollar Jefferson Nickel and $1 note. The other set being the 1993 Thomas jefferson 3 piece set Issuded in 94 Silver dollar, Jefferson nickel and $2 note. POP on the nickel was 167,703 a heck of alot more minted compared to the 1997-P SP 25,000. **** note thro don't mistake the 1997 nickel being in the 1997-S Prestige set ( Botanic Garden ) set two different sets and coins as well. Maybe so Doug ...but I'll still hold on to my hoard as with a mintage that low I'm sure there is always going to be at least more than 20 Jefferson collectors looking for this coin to add to their sets. I was going to sell a 1971 S no S proof set...because I have the nickel in PF-67 DC but decided to hold on to it due to the fact of the low mintage and how many proof sets have been broked up to grade the nickel! Mintage I believe was only 1671...

 

Yes I meant pair not set

 

I have the 94. The 97 is very high on my want list. If you like the series, I think these two are a must.

Paddy - I am very jealous!!!!

 

If you like to see some pic's let me know ...got a lot going on today but maybe tomorrow I could post some for you.

 

Always nice to see Jefferson's especially the SMS When you get time.

 

This is kind of how I see it. It is a key coin for people who collect Jefferson's. But, I really don't see much increase in value for it. The coin seems to have gone up quite a bit as it is due to it's low mintage and IMHO has probably peaked.

 

You may be right! - now there is a safe bet

 

NGC prices

 

Doug,

Where are you looking? If you look at Heritage Auction archives, the prices that Paddy listed are correct. However, I don't believe that these coins have a positive growth potential. Using overall mintage figures to determine future value is very dangerous IMO. While the mintage of this coin is only 25,000, the coin is only collectible in the SMS 69 and 70 grades. Every time a coin is submitted to NGC or PCGS, the population in these grades increases making it less rare.

For a better example of what I am talking about, look at this auction link from Heritage.

http://coins.ha.com/common/view_item.php?Sale_No=29083&Lot_No=25134#photo

Take a look at the Previous Prices from Heritage Auctions. They have steadily declined since 2007. If you look at the population of this coin, it is anything but rare with a total population of (965/166). Consider the fact that there are thousands of sets out there that have not been submitted to the TPG's with the potential to grade 69 or 70. If you buy one of these now at the current price, what will the coin be worth 10 years from now when the populations are double what they are presently. The only thing that can cause an increase in price of these coins is a dramatic increase in demand. I don't rule this possibility out because most of the newer collectors who buy modern mint products eventually find out about the registry system. The registries have a significant impact on the demand of these items and indirectly influence the prices.

BTW Paddy, do you have any that are toned? I am interested in this issue if it has toning and is registry quality.

 

Doug,

I agree with you that this coin is on the way down. However, if you average the price realized of the last 5 by Heritage, you get $248. I can see why he would list the value at $250.

On a side note, take a look at the performance of the 70's. They are also dropping from the $600 range down to just under $500.

http://coins.ha.com/common/view_item.php?Sale_No=1128&Lot_No=7551

The one exception being the bidiot who paid $920 for the Compradore pedigreed coin. While I recognize that the Compradore collection was just about the pinnacle of Jefferson Nickel registry sets, and I actually own a coin from his collection, paying a 50% premium for a modern just because his name is on the slab is in a word, stupid.

 

Lehigh to answer your last question first... yes I do... I can e mail you or post some pic's. I agree to a point to what both you and Doug posted.

In the 1960's when I was a young collector....I just about finished my Jefferson collection up to lets say 1963...missing only the 1950-D! Now again you must remember that # 1 it's 1963 I'm now 9 y/o and the U.S. dollar is worth a $1! Gold is a steady $35.00 an ounce and silver about $2.50 @ oz. The 1950-D in lets say XF is now selling for $35.00 and hard to find for that matter.

Now at 7 I had my first job a news paper route making a whooping $2.00 @ week! base ball cards are 5 cents a pak. lunch at Geno's the east coast version of micky-D's cost 25 cent a burger, fries and a choc. milk shake!


Now that the world knows I'm a dino.... the 50 -D was out of reach for me. As stated the 50-D was hard to find in circulation. almost impossible...you had to go to a show or coin shop. This was a coin that was hoarded in rolls due to the fact of the low mintage. Thats is why I do agree to a point...but even the 50-D mintage is much higher than the 1997-P SP even higher than the 94-P SP. with the mintages of 25 K and what 161,000 of the 94 I still believe this coin is worth collecting, and holding.

Funny thing since the 50 -D is still a key coin in the Jefferson collection even thro a lot have hit the market BU's or better @ $15.00 in 2009 money! Another thing that tickles my funny bone is that in my contest one of the prizes is a MS-65 nice toned 1950-D nickel. The very nickel as a 10 y/o I could not afford to buy. ....and on par with the cost of an ounce of the yellow stuff! If the trend of 1963 held true today how much would a 1950-D be worth ...in 1963 money? Think about it this Dino is too tired to do the math....LOL
I always try to tell people who are younger than I two things History always repeats it's self.....and trends come and go! If you are working on a collection no matter what it is stamps, coins, what ever...I believe you want to build the best that you can afford. Also that you're never happy until you hit your mark....but 1/2 the fun is getting there! I hope all of this makes sense to you ....Oh and one other note yes I am a DINO in some matters but very young at heart....and this in closing I watched the Flintstones first runs on TV! Now who's green with envy!