The 1984 P 5 cent coin is an iconic piece of American currency, steeped in history and symbolism. However, for collectors and numismatists, the value of this coin lies not just in its design and significance, but also in its condition and grade. In 2019, the 1984 P 5 cent coin received a perfect MS70 grade from the reputable grading company, SGS (Standard Grading Service). This achievement makes it a highly coveted and valuable coin for any collection.
Firstly, let’s delve into the background of this coin. The 5 cent coin, also known as the “nickel,” has been a part of American currency since the late 18th century. The 1984 P 5 cent coin is part of the Jefferson series, which was first minted in 1938 and features a portrait of former President Thomas Jefferson on the obverse. It has remained relatively unchanged in design since its debut, with only minor modifications to the reverse featuring Monticello, Jefferson’s plantation.
Now, what makes the 1984 P 5 cent coin so special? For one, it was the first year of issue for this particular design, making it a significant piece of numismatic history. Additionally, it was the first year that the P mint mark (indicating that it was minted in Philadelphia) was used on the 5 cent coin since 1979. This adds another layer of rarity and uniqueness to the coin, making it a must-have for collectors.
However, the most distinguishing feature of this 1984 P 5 cent coin is its MS70 grade. Grading companies like SGS use a scale from 1-70 to determine the condition of a coin, with 70 being the highest grade and indicating a flawless piece. In 2019, the 1984 P 5 cent coin achieved a perfect MS70 grade from SGS, making it one of the few coins in existence to do so.
Receiving a perfect MS70 grade is no easy feat. It requires a coin to have no visible imperfections, even under magnification. This includes no scratches, wear, or damage to the surface or details. Receiving such a high grade is a testament to the quality and preservation of the 1984 P 5 cent coin, further adding to its desirability and value.
For collectors, owning a 1984 P 5 cent coin with an MS70 grade from SGS is a source of pride and accomplishment. It is a symbol of the highest level of quality and a testament to the coin’s rarity and condition. This makes it a highly sought-after coin, with rarity and demand driving up its value in the market.
In conclusion, the 1984 P 5 cent coin with an MS70 grade from SGS is a remarkable piece of American history and a prized addition to any collection. Its first year of issue, the use of the P mint mark, and its perfect condition all contribute to its significance and value in the numismatic world. Whether you are a seasoned collector or a beginner looking to start your collection, the 1984 P 5 cent coin American graded MS70 by SGS is a must-have for any serious numismatist.