The 1959-D Jefferson Nickel, minted in Denver, is a coin that many collectors overlook. However, under the right conditions, this seemingly common coin can be worth up to $1,000 or more.
In this article, we’ll explore the factors that contribute to its value and highlight seven other Jefferson Nickels that are appreciating in the numismatic market.
Understanding the 1959-D Jefferson Nickel’s Potential Value
The 1959-D Jefferson Nickel had a substantial mintage of approximately 160,738,240 coins.
Due to the high production volume, most of these nickels are common and hold minimal value beyond their face worth.
However, coins that have been exceptionally well-preserved, especially those exhibiting the Full Steps designation, can command significant premiums.
Full Steps Designation
The term Full Steps refers to the distinct, uninterrupted steps on the depiction of Monticello on the coin’s reverse.
A coin with Full Steps indicates a sharp strike and minimal wear, making it more desirable to collectors. Achieving a high grade with the Full Steps designation is rare for the 1959-D nickel due to common striking issues during that period.
Notable Auction Records
In March 2007, a 1959-D Jefferson Nickel graded MS66 by PCGS sold for $3,910 at a Bowers & Merena auction.
While this is below the $1,000 mark, it demonstrates the potential value of high-grade specimens. Coins graded higher, especially with the Full Steps designation, could potentially reach or exceed $1,000, though such instances are rare.
Factors Influencing Value
- Grade: Coins graded MS65 or higher are particularly valuable.
- Full Steps: The presence of Full Steps significantly increases a coin’s desirability and value.
- Luster and Eye Appeal: Coins with original luster and minimal contact marks are more sought after.
7 Other Jefferson Nickels Gaining Value
Beyond the 1959-D, several other Jefferson Nickels have seen significant appreciation:
| Year | Mint Mark | Variety | Grade | Approximate Value |
|---|---|---|---|---|
| 1939 | D | Key Date | MS67 | $60 – $130 |
| 1949 | D/S | Over Mint Mark | MS66 | $160 – $550 |
| 1943 | P | 3 Over 2 Error | MS65 | $250 – $750 |
| 1950 | D | Low Mintage | MS66 | $12,000 |
| 1942 | P | Wartime Silver Composition | PR67 | $10,000 |
| 1964 | SMS | Special Mint Set | MS65 | Over $15,000 |
| 1942 | D | D Over Horizontal D | MS64 | $32,200 |
Note: Values are approximate and can vary based on market conditions and coin specifics.
While the 1959-D Jefferson Nickel is common, specimens in exceptional condition, particularly those with the Full Steps designation, can be valuable.
Collectors should carefully assess their coins’ condition and consider professional grading to determine their true worth.
Additionally, other Jefferson Nickels with unique characteristics or errors are gaining value, making them worthy additions to any collection.
FAQs
What makes a 1959-D Jefferson Nickel valuable?
High-grade coins, especially those with the Full Steps designation, are rare and sought after by collectors, increasing their value.
How can I identify a Full Steps Jefferson Nickel?
Examine the steps on Monticello’s image on the reverse; if all steps are distinct and uninterrupted, it qualifies as Full Steps.
Should I have my Jefferson Nickels professionally graded?
If you believe your coin is in exceptional condition or has unique features, professional grading can provide an accurate assessment and potentially increase its market value.
