The Jefferson Nickel, introduced in 1938, has become a key part of American coinage, honoring the third U.S. President, Thomas Jefferson. These coins have been minted at the U.S. Mint locations in Denver, Philadelphia, San Francisco, and West Point.
Over time, some Jefferson Nickels have gained immense value due to their rarity, minting errors, and pristine condition. Let’s look into the fascinating history of this coin and discover the most valuable ones.
Table of Contents
- 1 1938-D Full Step Jefferson Nickel
- 2 1942 D/D Horizontal Full Step Jefferson Nickel
- 3 1940 Reverse of 1938 Jefferson Nickel Proof
- 4 1953-S Full Step Jefferson Nickel
- 5 1939 Doubled Monticello Jefferson Nickel
- 6 1939 Reverse of 1940 Jefferson Nickel
- 7 1964-D/D Repunched Mint Mark Jefferson Nickel
- 8 1953 Deep Cameo Jefferson Nickel Proof
- 9 FAQs
1938-D Full Step Jefferson Nickel
The 1938-D Full Step Jefferson Nickel is one of the most desirable coins among collectors. With a Denver mint mark and exceptional detail, this coin sold for $33,600 at auction in July 2022. Its Full Step (FS) designation means that all steps on Monticello are fully struck and visible, which is quite rare.
Jefferson’s significant role in U.S. history includes being the main author of the Declaration of Independence and serving as both Secretary of State and Vice President before becoming the third U.S. President. His profound influence makes the coin bearing his image even more special.
1942 D/D Horizontal Full Step Jefferson Nickel
The 1942 D/D Horizontal Full Step Jefferson Nickel, sold for $32,200, is known for its distinctive double mint mark. The “D” was struck twice in different orientations, creating a valuable minting error.
In the 1796 presidential election, Jefferson came in second, making him Vice President under John Adams—a quirky electoral rule at the time. Later, Jefferson ran against Adams and won the presidency, marking the beginning of a new era.
1940 Reverse of 1938 Jefferson Nickel Proof
The 1940 Reverse of 1938 Jefferson Nickel Proof, which sold for $28,750 in 2011, features a combination of a 1940 obverse and the reverse design from 1938. This rare proof coin was struck at the Philadelphia Mint without a mint mark.
Jefferson’s political career spanned numerous roles, including Governor of Virginia and U.S. Minister to France. He was a vocal advocate for individual freedoms, including religious liberty and freedom of speech—values reflected in his legacy.
1953-S Full Step Jefferson Nickel
The 1953-S Full Step Jefferson Nickel, valued at $24,000, is another rare find. Coins from this period are challenging to locate in Full Step condition due to inconsistent striking practices at the San Francisco Mint.
Despite his contributions to liberty, Jefferson’s legacy is complicated. He was a slave owner and played a role in policies like the forced relocation of Native Americans. However, he also supported the 1807 Act Prohibiting the Importation of Slaves, a step toward abolishing the transatlantic slave trade.
1939 Doubled Monticello Jefferson Nickel
This 1939 Doubled Monticello Jefferson Nickel, sold for $23,500, is known for its clear doubling on the Monticello inscription on the reverse. This minting error makes it highly collectible among numismatists.
The Jefferson Nickel replaced the Buffalo Nickel in 1938. While the Buffalo Nickel was visually striking, it was difficult to produce. The Jefferson design quickly gained popularity and became a standard in American currency.
1939 Reverse of 1940 Jefferson Nickel
The 1939 Reverse of 1940 Jefferson Nickel, also valued at $23,500, is another rarity. It features a 1939 obverse paired with the reverse design introduced in 1940.
During World War II, nickel was a critical resource for military equipment, so Jefferson Nickels minted from 1942 to 1945 were made from a blend of copper (56%), silver (35%), and manganese (9%). These “Wartime Nickels” are easily recognized by their silver color and large mint marks above Monticello.
1964-D/D Repunched Mint Mark Jefferson Nickel
The 1964-D/D Repunched Mint Mark (RPM) Jefferson Nickel, sold for $19,800, is a favorite among collectors. Its repunched mint mark shows the letter “D” struck twice, making it a standout piece.
The Jefferson Nickel’s design came from a 1938 contest won by Felix Schlag, a German-American artist. His design featured Jefferson on the obverse and his home, Monticello, on the reverse. Although some aspects of his original design were later modified, Schlag’s work remains iconic.
1953 Deep Cameo Jefferson Nickel Proof
The 1953 Deep Cameo Proof Jefferson Nickel, sold for $15,275, is notable for its deep cameo finish. These proof coins have a frosted design that contrasts beautifully with the reflective background, making them visually stunning and highly collectible.
Schlag’s victory in the 1938 design contest earned him $1,000 and cemented his place in numismatic history. His Jefferson Nickel design has stood the test of time, remaining a core part of U.S. currency for decades.
Collecting Jefferson Nickels is more than a hobby—it’s a deep look into American history. Whether you’re captivated by minting errors or wartime changes in metal composition, each coin has a story to tell.
For new and experienced collectors alike, these valuable nickels are a fascinating window into the past.
FAQs
Which Jefferson Nickel is the most valuable?
The 1938-D Full Step Jefferson Nickel is one of the most valuable, selling for $33,600.
What makes a Full Step Jefferson Nickel special?
Full Step nickels have sharply struck steps on Monticello, increasing their value.
How can I identify a 1939 Doubled Monticello Nickel?
Look for clear doubling on the Monticello inscription on the reverse.
What is a 1940 Reverse of 1938 Jefferson Nickel?
It features the 1940 obverse with the reverse design from 1938.
Why were Wartime Nickels made with silver?
Nickel was needed for WWII, so coins used a copper-silver-manganese mix.
