Starting February 16, 2004, Numismatic Guaranty Corporation will begin labeling Full Step Jefferson Nickels as either 5FS or 6FS, based on the number of complete steps visible.
Coins Will Be Designated as Either 5FS or 6FS
Starting February 16, 2004, Numismatic Guaranty Corporation
will begin labeling Full Step Jefferson Nickels as either
5FS or 6FS, based on the number of complete steps visible.
Jefferson Nickels are often weakly struck on the steps
of Monticello, and coins that are sharp in this portion
of the design are prized by series specialists.
NGC has been using the single designation FS for many
years, this designation being reserved exclusively for
those coins having all six steps of Monticello complete.
The growing popularity of this series, as well as the
great rarity of coins having six full steps, prompted
requests from NGC's customers to provide a 5-Full
Step designation for those coins that qualify. Specialists
in this series know that even 5FS coins are challenging
to locate for many Jefferson Nickel issues, and such
coins are often highly prized.
Starting February 16, uncertified Jefferson Nickels
submitted to NGC for grading will automatically be screened
for the 5FS or 6FS designations as part of the grading
fee. The same condition applies to coins certified by
other grading companies and submitted to NGC for Crossover
Service. Jeffersons already holdered by NGC may be submitted
for 5FS or 6FS consideration under NGC's Designation
Review Service at $10 per coin, which includes the cost
Since NGC's standard hitherto has been to label as FS
only those coins having six complete steps, any NGC-certified
Jefferson Nickel already carrying the FS designation
may be considered to have six full steps. Such coins
may be submitted to NGC for redesignation as 6FS under
the company's Reholder Service at $4 per coin. The NGC
Census Report will be updated to reflect that previously
certified FS coins are now considered 6FS, and the FS
designation will no longer be used after February 16.
The NGC Certified Collectors Registry will include different
scoring for non-FS, 5FS and 6FS nickels. Existing entries
in the Registry's Jefferson Nickel sets will be
updated to reflect the change from FS to 6FS.