Jefferson Nickel Full Steps (FS) & Henning Counterfeit Lab

Scientific Monticello staircase strike diagnostics: model 5FS vs 6FS criteria, 1960-D strike rarity multipliers, and the famous Francis LeRoy Henning counterfeit "R" notch forensic detection.

🔍 Strike Parameters & Date Attributions

PCGS FS & NGC 6FS Standards

🔬 Microscopic Monticello Portico Reticle

Steps & Henning Forensics
COIN: 1960-D MS65
STEP COUNT: 5 Full Steps
FS STATUS: CERTIFIED 5FS (PCGS/NGC)
EST. VALUE: $1,500
Full Steps Value
$1,500
750x Multiplier!
Standard MS Value
$2
Non-FS Pocket Change
FS Survivorship
Ultra Scarce
< 350 Certified
Forensic Strike Match
99.2%
Pillar-to-Pillar

📋 Strike Forensic Analysis & Valuation

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Architectural Strike Dynamics: Monticello Steps & The Full Steps (FS) Standard

The Jefferson Nickel, introduced in October 1938 following a public competition won by sculptor Felix Schlag, features the third President on the obverse and his Neoclassical Virginia plantation home, Monticello, on the reverse.

1. The Metallurgical Challenge of Cupronickel

Striking a five-cent coin in 75% copper and 25% nickel is among the most demanding tasks in coinage production. Cupronickel has a flow stress of 360 MPa—substantially higher than 90% silver (280 MPa) or pure gold. When the dies closed under 65 to 80 tons of toggle force, the metal resisted flow into high-relief details.

Directly opposing the central portico steps on the reverse was Thomas Jefferson's high-relief cheek and bust. Because metal naturally flows toward the path of least resistance, it filled Jefferson's cheek first, starving the opposite die face and leaving the delicate staircase horizontal grooves completely flat.

Strike Tier Architectural Criteria Grading Service Designation Rarity & Market Impact
6 Full Steps (6FS) All six horizontal lines completely distinct from left pillar to right pillar NGC 6FS (The Ultimate Perfection Standard) Extreme mega-rarities commanding thousands of dollars on late-date coins
5 Full Steps (5FS) At least five horizontal lines unbroken and clearly separated across the staircase PCGS FS / NGC 5FS (Universal Certified Standard) Commands massive 50x to 500x multipliers over ordinary strikes
Non-FS (Typical Strike) Steps bridged in center or bottom steps merged into ground plane Standard Numerical MS (e.g., MS65) Common pocket change or modest collector premium ($0.50 to $15)
The Full Steps Valuation Multiplier Formula:
\(\text{Value}_{\text{FS}} = \text{Value}_{\text{Non-FS}} \cdot M_{\text{Strike Scarcity}}\)

Representative Strike Scarcity Multipliers at MS65 Grade:
• 1938-D: \$25 Non-FS → \$65 5FS (2.6x Multiplier - Crisp Early Dies)
• 1953-S: \$18 Non-FS → \$150 5FS → \$3,500 6FS (194x Multiplier!)
• 1960-D: \$2 Non-FS → \$1,500 5FS → \$14,000 6FS (7,000x Multiplier! - The Holy Grail Modern Nickel)

2. The Francis LeRoy Henning Counterfeit Mystery (1954)

In 1954, a talented machinist named Francis LeRoy Henning set up an illicit minting operation in Erial, New Jersey. Henning engraved steel dies and struck an estimated 500,000 counterfeit nickels.

  • The Fatal 1944 Blunder: Henning produced counterfeit coins with six known dates: 1939, 1944, 1946, 1947, 1953, and one unidentified date. For his 1944 dies, Henning used an ordinary pre-war reverse hub lacking a mintmark. In reality, genuine 1942–1945 wartime silver nickels had huge mintmarks ('P', 'D', or 'S') stamped directly above the dome of Monticello! Tellers quickly spotted the 1944 nickels with no mintmark.
  • The Forensic "R" Notch Hallmark: On the reverse of all genuine Henning nickels, the diagonal leg of the letter 'R' in the motto "E PLURIBUS UNUM" exhibits a small, distinct notch or hole in its left loop. Furthermore, Henning nickels weigh approximately 5.4 grams (due to an 80% copper, 19% nickel, 1% iron alloy) versus the official 5.00g standard.

Real-World Collector Case Studies

Case 1: The $\$14,000$ Bank Roll 1960-D Nickel

An Ohio collector opening original 1960-D bank-wrapped rolls noticed a pristine, blazing gem nickel with exceptional central definition. Examining the Monticello staircase under a 30x binocular microscope, all six steps were razor-sharp from the left foundation pillar to the right corner, completely free of the characteristic central mush. Submitted to NGC, it received the legendary grade MS65 6FS, realizing \$14,100 at auction.

Case 2: Identifying a Henning 1944 in Pocket Change

A coin roll hunter in southern New Jersey sorted through a box of nickels and pulled an old-looking 1944 nickel. Turning it over, the space above Monticello's dome was completely blank. Checking the scale: 5.38 grams. Under a 10x loupe, the "R" in PLURIBUS showed the unmistakable Henning notch. Despite being an illegal counterfeit when made, Henning nickels are now celebrated historical collectibles; this piece sold on eBay for \$185.

Case 3: The Heartbreak of the Center Bridge on a 1953-S

A collector purchased a brilliant uncirculated 1953-S Jefferson nickel for \$40, hoping for a 5FS designation (worth \$150 to \$350). The first four steps were sharp; however, under 20x magnification, the fifth step had a tiny, 0.2mm bridge of merged metal in the exact center beneath the third column. PCGS refused the FS designation, grading it MS65, keeping its value at \$18.

Diagnostic Pitfalls & Disqualification Red Flags

  • Planchet Lamination vs. Step Cuts: Cupronickel blanks frequently suffer from internal metal impurities leading to surface laminations (peeling flakes). If a lamination flake crosses the staircase, it breaks step continuity and disqualifies the coin from FS.
  • Tooling / Chiseled Fake Steps: Counterfeiters sometimes use micro-engravers to cut lines into flat steps. Genuine struck steps have rounded, frosty metal flow along the groove; cut steps have sharp, shiny, jagged burrs and lack original mint luster.
  • Confusion Over 5FS vs 6FS: PCGS awards only the "FS" designation, which requires 5 full steps. NGC awards both "5FS" and "6FS". Ensure you understand which standard is being traded when pricing coins.

Frequently Asked Questions (FAQ)

What does "FS" stand for on a Jefferson Nickel? +
"FS" stands for "Full Steps," an official strike designation awarded by PCGS and NGC to Mint State Jefferson Nickels that exhibit at least five complete, crisp, and unbroken horizontal step lines across Monticello's staircase.
What is a 6FS designation? +
6FS is an exclusive strike designation awarded by NGC when all six architectural steps of Monticello are 100% complete and fully separated from pillar to pillar. 6FS coins command massive price premiums over 5FS coins.
Why did Francis LeRoy Henning make counterfeit nickels? +
Henning believed that vending machines and banks paid little attention to low-denomination 5-cent coins. He struck hundreds of thousands of nickels in New Jersey between 1953 and 1954 before his 1944 no-mintmark blunder led to his arrest by the Secret Service.
Are Henning Nickels legal to own? +
Yes. While spending counterfeit currency is illegal, historic counterfeit coins like Henning nickels and Contemporary Counterfeit 8 Reales are legally traded as recognized numismatic collectibles and historical artifacts.
Why are wartime silver nickels easier to find with Full Steps? +
From 1942 to 1945, nickels were struck in an alloy of 56% copper, 35% silver, and 9% manganese to save nickel for armor plating. Silver is much softer and more ductile than cupronickel, flowing smoothly into die cavities at lower tonnages.
Can a coin with a small scratch get Full Steps? +
Only if the scratch does not cross or connect the step lines. Any mark that bridges two steps or obscures the horizontal dividing groove results in immediate disqualification from the FS designation.
What is the rarest Jefferson Nickel date with Full Steps? +
The 1969-D and 1960-D are widely regarded as the pinnacle of modern strike rarities with 6FS, with fewer than a dozen confirmed specimens in existence. Among early issues, the 1953-S and 1954-S in 6FS are legendary rarities.

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