Many coin collectors and even casual enthusiasts may be surprised to learn that certain Jefferson nickels, minted between 1938 and 2021, can fetch substantial sums at auction. This article explores ten rare varieties of Jefferson nickels that are worth more than their face value, highlighting their significance and the factors that contribute to their rarity. Understanding these coins not only enhances collecting knowledge but can also lead to unexpected financial gains.
The Significance of Jefferson Nickels
The Jefferson nickel was introduced in 1938 to honor the third President of the United States, Thomas Jefferson. Designed by Felix Schlag, the coin features a portrait of Jefferson on the obverse and his home, Monticello, on the reverse. While most of these coins are readily available and hold little value beyond their five-cent denomination, certain rare varieties can be highly sought after by collectors and investors alike.
1. 1939-D Jefferson Nickel
The 1939-D Jefferson nickel is notable for its low mintage of just 3.7 million coins. This scarcity, combined with its historical context, makes it a valuable addition to any collection. Depending on its condition, this nickel can sell for anywhere from $200 to over $1,000 in higher grades.
2. 1942-D Over Horizontal D
Among the most recognized varieties is the 1942-D Over Horizontal D nickel. This coin features a mistake where the mintmark is overstruck, leading to a unique appearance. Collectors prize this error coin, with values ranging from $500 to $3,000, depending on its grade.
3. 1943-P Jefferson Nickel
The 1943-P nickel is part of a special wartime series where the mint produced coins using silver. Its rarity is attributed to a limited number of pieces made during this period, as most were struck in nickel. This coin can fetch between $100 and $2,500 based on its condition, making it a worthwhile find for collectors.
4. 1944-D Jefferson Nickel
Another wartime coin, the 1944-D Jefferson nickel, is notable for its low mintage of 2.5 million. Many of these coins were melted down for their metal content, making surviving examples quite rare. Depending on the condition, collectors may pay anywhere from $100 to $1,000 for this nickel.
5. 1950-D Jefferson Nickel
The 1950-D Jefferson nickel is one of the key dates in the series due to its low mintage of just 2.6 million coins. This nickel is highly sought after by collectors, and its value can range from $50 to over $1,500, depending on its condition. It represents a significant opportunity for those who come across it.
6. 1955 Jefferson Nickel
The 1955 Jefferson nickel is another rare find, particularly in higher grades. While the mintage was relatively high, the demand for this coin among collectors drives its value. Prices can range from $10 for lower grades to nearly $1,000 for coins in mint condition.
7. 1964 Jefferson Nickel
While the 1964 Jefferson nickel is not as rare as some earlier coins, it is notable for being part of a transitional year. Coins from this year were struck in a unique alloy before the introduction of the current composition. Depending on grade and demand, these coins can bring in prices from $5 to $200.
8. 1966 Jefferson Nickel
The 1966 Jefferson nickel is another hidden gem in the series. It has a low mintage and is often overlooked by novice collectors. This coin can be valued between $50 to $400, depending on its condition and collector interest.
9. 1971-S Jefferson Nickel
The 1971-S nickel, particularly those struck with a “proof” finish, is highly sought after. With a mintage of just 2.2 million, this coin is a favorite among serious collectors. Its value can reach upwards of $100 for well-preserved examples, making it a key piece for any collection.
10. 1979 Jefferson Nickel
The 1979 Jefferson nickel, especially those with a “double die” error, can be worth significantly more than their face value. This error is rare and sought after by collectors, with prices ranging from $50 to $500, depending on the severity of the error.
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