Below is the first of three columns from our own Steve Roach
highlighting 5-cent coins from this month's FUN Auction:
Among the many collections offered at Heritage’s Florida United
Numismatists auctions held in Tampa Jan. 6 to 11 was the Steve Strom
Collection of Jefferson Head 5-cent pieces. In the catalog
introduction, Steve reflected on his collecting: “Starting out as a
kid and for nearly 50 years Full Step Jeffersons have been a big
challenge. Hunting to find the next Full Step. Looking through
thousands of nickels to find a better one and then to find an even
better one — wow!” Here are three finest-known 5-cent coins from his
collection that found new homes.
1964 Jefferson 5-cent coin, PCGS Special Mint Set Specimen 68
The top lot in Strom’s collection offered at FUN was his 1964
Jefferson 5-cent piece with a Special Mint set finish, graded Specimen
68 full steps by Professional Coin Grading Service. The SMS finish was
used by the U.S. Mint between 1965 and 1967 as an alternative to Proof
sets, but approximately 20 to 50 sets of 1964 coins with an SMS finish
are believed to have been produced.
Heritage observed: “This piece shows an amazing, sculptural depth of
detail that is uniformly absent on business strikes, yet fully equal
to the strike on a proof coin. The finish, however, is nonreflective,
with heavy die polishing lines that are a theme with variations on the
1964 SMS coinage.”
One of six certified by PCGS in this grade with none finer, it last
sold at Heritage’s April 2009 Central States Numismatic Society
auction for $8,625, and at the 2016 FUN auction it sold for $32,900.
The massive increase in value is due in part to the increased
recognition of this interesting transitional variant.
Keep reading this Market Analysis:
$6,462.50 for MS-68 full steps 2011-D Jefferson
1953-D Jefferson 5-cent piece in MS-67 full steps
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