It is common knowledge that not all coins can fetch a high price in the auction market, but the older ones are usually sought out by collectors because they have some rarities in their defects, features, or even copies of them. Take, for instance, a Denver minted 5 cent coin dated 1949. Although it James monroe 5 cent coin in reality was only worth 5 cents, this coin has already been auctioned at over $32,900.
This worth is as a result of a certain detail commonly referred to in the glossary of coin collectors as date of coin collection. Full Steps explains the step that runs along the Monticello monument which is at the back of the nickel. This particular detail is very hard to come by since it demands for all the steps and distictly so, which was not the quality one could get back in nickel coins of that era.
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Although the design of this Thomas Jefferson nickel was introduced in 1938, the Denver mint omitted a certain error which pregnant the potential value of such coins in a batch which was made in 1949. Such Full Steps nickels of such detailed work were not seen for many years increasing their rarity and consequently the price they attract in the market today.
This particular coin also has an interesting fact right, a rare mint mark mistake. After all, this is a Denver produced nickel and so their mintmark D is present. But, there was also discovered, a very weak “S” underlying the D, which leads to the theory that the coin die was modified somehow which caused this small and almost shy error. Such mintage eccentricities are considered as collectibles and that is why such coins become more scarce.
If you happen to suspect that any of your coins is of worth or you want to buy or sell any coin, you can find numerous coins trading websites. Nonetheless, to understand the real worth of a coin, it is advisable that you have the coin graded by seasoned companies such as the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). The assessment carried out by these organizations goes beyond just putting a price on the coin but it covers other aspects like the worth, grade, scarcity and other distinguishing characteristics of the coin. This guarantees the grading service quite often enhances the desirability of the coin among the serious collectors and may even raise its price during an auction.
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The hobby of coin collecting can be enjoyable as well as lucrative especially when dealing with coins such as the 1949 Full Steps nickel. There are many artifacts which at first would appear to be very common possessions but in reality they have historical value due to a few uncommon features.
