1950-D Jefferson 5c MS65FS" Misprint Label " 1 1

[Hinkle]

Hi everyone, I bought this coin for 20 bucks. Well I'm concerned, everyone on here is teaching us that if there scratches or hits in the steps they don't qualify as full steps. I'm not understanding because I have a few with less hits and scratches, then this one you see in the photo. I have no 50 Ds but some other older one's I have put away. Any help would be appreciated thanks. Hmmm 

[Woods020]

I don’t see how this was graded FS to be honest. It really shouldn’t have in my opinion. Below are direct requirements from PCGS. I’ll post the link to pictures what that they will/will not consider FS. The Cert number does check out as FS as well. 
 

Full Steps (FS) is the designation following the numerical grade of some regular-strike MS60 or higher Jefferson nickels that have at least five separated steps (lines) at the base of Monticello. Any major disturbance or interruption of these steps or lines, whether caused by contact, planchet problems, or another source, will result in the coin's not being designated FS. Only the slightest weakness on any step (line) is allowed for this designation. Some issues are almost never seen with Full Steps and may command a significant premium.

https://www.pcgs.com/news/tips-from-the-grading-room-part-3
 

 

[Fenntucky Mike]

In regards to the close up of the steps, that coin is NOT FS in my book, not even close. 

Hey, people make mistakes. It could be as simple as a mechanical error on the label, don't focus on one bad apple if there are multiple examples of this then....

[Coinbuf]

I agree that the coin you have in your op graded by PCGS should not have been called FS, there are several significant major cuts/hits/disturbances of the steps on that coin.   But TPG's make mistakes and this coin is proof of that, if you own that coin whatever you do never crack it out as the chances are high it will never get the FS distinction again.   It is coins like this that fuel the conspiracy theories that some submitters get special treatment. 

[RWB]

1 minute ago, Fenntucky Mike said:

In regards to the close up of the steps, that coin is NOT FS in my book, not even close. 

Hey, people make mistakes. It could be as simple as a mechanical error on the label, don't focus on one bad apple if there are multiple examples of this then....

Yep. Right as good Kentucky whiskey ... or is that hard cider!

Also, the coin is not MS-65. (opinion)

[Fenntucky Mike]

6 minutes ago, Coinbuf said:

if you own that coin whatever you do never crack it out as the chances are high it will never get the FS distinction again.

Good advice here.

6 minutes ago, RWB said:

Yep. Right as good Kentucky whiskey ... or is that hard cider!

Bourbon tonight, cider tomorrow (with ice) during recovery period. 

[Hinkle]

Thanks everyone, I'm just putting this in my safe.

[Woods020]

This is a shining example of the advice so many of the tenured guys tell newbies...buy the coin not the holder/label. Not a dig at the OP just stating I’ve read that comment a thousand times now and this is proof positive it’s sound advice. 

[Lem E]

I agree with everyone about the steps. There are several spots that take this out of the running for an FS designation. I have a few pieces myself with the FS designation that I don’t believe deserve it. I think it happens more than people realize.