A typical 1969 S nickel is not considered rare in the general sense, as a substantial number were minted; however, a 1969 S nickel with "Full Steps" is exceedingly rare and highly sought after by collectors.
Understanding 1969 S Nickel Rarity
While millions of 1969 S Jefferson Nickels were produced by the San Francisco Mint, their rarity depends significantly on their condition, particularly the presence of "Full Steps" on the reverse.
Characteristics of a Typical 1969 S Nickel
Most 1969 S nickels encountered today are readily available. According to expert grading services, a typical example often exhibits:
- Great luster: The coin retains much of its original shine.
- Adequate strike: The design elements are reasonably clear and well-defined.
These common characteristics mean that a standard 1969 S nickel, even in uncirculated condition, does not command a high premium.
The Significance of "Full Steps"
The true rarity and value of a 1969 S nickel emerge when it possesses "Full Steps". This term refers to the crisp, complete definition of the five steps leading up to Monticello on the reverse side of the coin. Due to common die deterioration and striking inconsistencies, especially prevalent in nickels from this era, it is extremely difficult to find a 1969 S nickel where all five steps are clearly visible and separated without any significant weakness or flatness.
Why Full Steps are Rare:
- Die Wear: The dies used to strike the coins would often wear down, blurring the intricate details of the steps.
- Striking Pressure: Insufficient or uneven striking pressure could lead to incomplete transfer of the design onto the coin.
- Planetary Defects: Issues with the nickel blanks themselves could also contribute to poor strikes.
Coins exhibiting "Full Steps" are considered superior examples, representing the best possible strike quality for that particular year and mint mark. For the 1969 S nickel, in particular, such specimens are described as "exceedingly rare" by coin experts.
Rarity Comparison: Typical vs. Full Steps
To illustrate the significant difference in rarity and collector appeal:
| Condition | Rarity Level | Collector Appeal | Value Potential |
|---|---|---|---|
| Typical 1969 S Nickel | Common / Readily Available | Low to Moderate | Low |
| 1969 S Nickel with Full Steps | Exceedingly Rare | Very High | Significant |
Identifying a "Full Steps" 1969 S Nickel
When inspecting a 1969 S nickel for "Full Steps," collectors look for:
- Clear Separation: Each of the five steps should be distinct and not merge into one another.
- No Weakness: The lines defining the steps should not appear faint or flat.
- Complete Definition: The steps should extend fully across Monticello, from edge to edge without interruption.
Identifying "Full Steps" often requires magnification and a keen eye, as even minor imperfections can disqualify a coin from this highly desirable designation. Professional grading services, such as NGC Coin Explorer, specialize in this precise evaluation.
In conclusion, while you might easily find a 1969 S nickel, finding one in truly exceptional condition with all its "Full Steps" intact is a remarkable discovery for any numismatist.
