The Jefferson Nickel, introduced in 1938, has become a staple in American coinage. While most are common, certain rare specimens have fetched impressive sums at auctions.
This article highlights the top 5 Jefferson Nickels valued over $50,000 and introduces 7 additional coins that might surprise collectors with their significant worth.
Top 5 Jefferson Nickels Over $50,000
1. 1938-D Jefferson Nickel Full Steps (MS68+)
Year: 1938
Mint Mark: D (Denver)
Grade: MS68+ Full Steps
Sale Price: $33,600
Details: The inaugural year of the Jefferson Nickel saw the Denver Mint produce a limited number of coins. A specimen graded MS68+ with Full Steps—a term indicating a sharply struck reverse showing all steps of Monticello—sold for $33,600.
2. 1942-D Over Horizontal D Full Steps (MS64)
Year: 1942
Mint Mark: D (Denver)
Grade: MS64 Full Steps
Sale Price: $32,200
Details: This coin features a notable mint error where a “D” mint mark was stamped over a horizontally positioned “D.” Its rarity and the Full Steps designation contributed to its $32,200 auction price.
3. 1940 Reverse of 1938 Proof (PR68)
Year: 1940
Mint Mark: None (Philadelphia)
Grade: PR68
Sale Price: $28,750
Details: This proof coin displays the reverse design of 1938, making it a transitional variety. Its high grade and unique design led to a sale price of $28,750.
4. 1953-S Jefferson Nickel Full Steps (MS65)
Year: 1953
Mint Mark: S (San Francisco)
Grade: MS65 Full Steps
Sale Price: $24,000
Details: The 1953-S nickel is scarce in high grades with Full Steps. One such coin achieved a $24,000 sale due to its exceptional condition and strike quality.
5. 1939 Doubled Monticello Full Steps (MS64)
Year: 1939
Mint Mark: None (Philadelphia)
Grade: MS64 Full Steps
Sale Price: $21,150
Details: This variety exhibits doubling on the Monticello inscription, making it a sought-after error among collectors. Its Full Steps designation further increased its value to $21,150.
7 More Jefferson Nickels That Could Surprise You
| Year | Mint Mark | Variety | Grade | Approximate Value |
|---|---|---|---|---|
| 1939 | D | Key Date | MS67 | $20,000 |
| 1949 | D/S | Over Mint Mark | MS66 | $15,000 |
| 1943 | P | 3 Over 2 Error | MS65 | $14,000 |
| 1950 | D | Low Mintage | MS66 | $12,000 |
| 1942 | P | Wartime Silver Composition | PR67 | $10,000 |
| 1964 | SMS | Special Mint Set | SP68 | $9,000 |
| 1994 | P | Matte Proof | PR70 | $8,000 |
Note: Values are approximate and can vary based on market conditions and coin specifics.
Factors Influencing Value
- Rarity: Coins with low mintage or unique errors are more valuable.
- Condition: Higher grades, especially with Full Steps, command premium prices.
- Historical Significance: Transitional designs or wartime compositions attract collectors.
Jefferson Nickels offer a fascinating glimpse into American numismatic history. While many circulate at face value, certain rare and high-grade specimens can be worth substantial amounts.
Collectors should pay close attention to mint marks, errors, and coin conditions to identify these valuable pieces.
FAQs
What does “Full Steps” mean on a Jefferson Nickel?
“Full Steps” refers to the distinct, uninterrupted steps on Monticello’s image on the coin’s reverse. A clear Full Steps designation indicates a sharp strike and increases the coin’s value.
Why are some Jefferson Nickels without mint marks?
Coins minted in Philadelphia traditionally did not carry a mint mark until 1980. Additionally, from 1965 to 1967, mint marks were omitted on all U.S. coins to discourage hoarding.
How can I determine the value of my Jefferson Nickel?
Assessing a coin’s value involves evaluating its date, mint mark, condition, and any unique features. Consulting a reputable coin grading service or price guide can provide accurate valuations.
