What Are Full Steps Nickels & How Much Are These Rare Jefferson Nickels Worth?

Coin collecting is a fascinating hobby, and some coins stand out due to their rarity and unique features. Full Steps Nickels, part of the Jefferson Nickel series, are a prime example of this. These coins are distinguished by their exceptional mint quality, specifically the clarity of the steps on Monticello, the building depicted on their reverse side. A Full Steps Nickel can be worth thousands of dollars, making them highly sought after by collectors. In this article, we’ll explore what Full Steps Nickels are, how to identify them, why they are valuable, and how much they can be worth.

What Are Full Steps Nickels?

Full Steps Nickels are a designation for Jefferson Nickels that exhibit at least five or six complete, uninterrupted steps on the Monticello building. This detail demonstrates a high-quality mint strike and careful handling, making these coins rare.

• Key Characteristics of Full Steps Nickels:
  • Monticello Steps: The steps must appear complete and show no breaks or interruptions.
  • Grade Standards: Coins with the “FS” designation are graded by professional services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Company).
  • Scarcity: Only a small percentage of Jefferson Nickels achieve this level of detail due to the wear and tear during circulation.

Full Steps Nickels are prized because they showcase the craftsmanship of minting, a feature that’s often lost in standard circulated coins.

Why Are Full Steps Nickels Valuable?

Full Steps Nickels command high prices in the numismatic world for several reasons:

1. Precision and Quality:
   Coins designated as Full Steps represent the pinnacle of minting precision. They were struck with well-maintained dies, creating crisp details.
2. Rarity:
   The Full Steps feature is difficult to achieve and preserve. As coins circulate, the steps wear down, making these coins increasingly scarce over time.
3. Demand Among Collectors:
   Many collectors specialize in Jefferson Nickels and are willing to pay a premium for coins with the Full Steps designation, especially those in high grades.
4. Historical Significance:
   Full Steps Nickels represent a specific era of minting, adding historical and cultural value to their appeal.

How to Identify a Full Steps Nickel?

Identifying a Full Steps Nickel involves closely examining the steps of Monticello on the coin’s reverse. Here’s a simple guide:

1. Inspect Monticello’s Steps:
   Look for at least five or six distinct steps. The lines should be uninterrupted and clear.
2. Use Magnification:
   Use a magnifying glass or coin loupe to see the finer details. A standard inspection may miss subtle breaks.
3. Check for Damage:
   Scratches, marks, or wear on the steps will disqualify a coin from being classified as Full Steps.
4. Seek Professional Grading:
   Submit the coin to a grading service like PCGS or NGC. They will evaluate the coin and assign the “Full Steps” designation if it qualifies.

Table: Valuable Full Steps Nickels

Year	Mint Mark	Grade	Estimated Value
1938	D	MS67 FS	$5,000
1940	D	MS67 FS	$3,000
1953	S	MS66 FS	$15,000
1960	D	MS65 FS	$7,500
1970	S	MS67 FS	$5,000
1983	No Mint Mark	MS68 FS	$12,000

How Much Are Full Steps Nickels Worth?

The value of a Full Steps Nickel depends on factors such as:

• Year and Mint Mark: Certain years and mints are rarer than others. For instance, coins from the 1930s and 1940s often command higher prices.
• Grade: The higher the grade (e.g., MS65, MS66, or MS67), the more valuable the coin.
• Rarity: Coins with unique features, like limited mintages, increase in value.

High-grade Full Steps Nickels can fetch prices ranging from $1,000 to over $15,000, depending on their specifics.

How to Find Full Steps Nickels?

If you’re interested in finding a Full Steps Nickel, here’s where to look:

1. Bank Rolls:
   Purchase rolls of nickels from banks and inspect them for the Full Steps feature.
2. Coin Shows:
   Visit coin shows where dealers often have high-quality coins available.
3. Estate Sales and Auctions:
   These are great places to find rare coins, often at competitive prices.
4. Online Platforms:
   Websites like eBay, Heritage Auctions, and PCGS offer Full Steps Nickels for sale.
5. Local Coin Shops:
   Speak with local dealers who can guide you to potential finds or provide advice on what to look for.

Tips for Preserving Full Steps Nickels

Once you find a Full Steps Nickel, preserving its quality is crucial to maintaining its value.

• Use Protective Cases: Store coins in air-tight, acid-free holders to prevent damage.
• Avoid Handling: Minimize handling to prevent oils or dirt from affecting the coin’s surface.
• Keep in a Stable Environment: Maintain a consistent temperature and humidity level to avoid tarnishing.

Conclusion

Full Steps Nickels are a testament to the craftsmanship and history of U.S. coinage. Their rarity, combined with their striking detail, makes them a prized possession for any collector. Whether you’re searching through old coin rolls or investing in professionally graded pieces, finding a Full Steps Nickel can be both exciting and rewarding. If you suspect you own one, have it professionally graded—it might just be worth a fortune!

Tpacoastal.org

FAQ’s