Top 5 Jefferson Nickels Worth Over $50000: Since its introduction in 1938, the Jefferson Nickel has been a mainstay in American currency. While most are common and circulate at face value, some rare editions have commanded impressive auction prices.
This article explores five of the most valuable Jefferson Nickels, each worth over $50,000, along with seven more that might surprise you with their significant market value.
Top 5 Jefferson Nickels Worth Over $50,000
1. 1938-D Jefferson Nickel Full Steps (MS68+)
- Year: 1938
- Mint Mark: D (Denver)
- Grade: MS68+ Full Steps
- Auction Price: $33,600
- Details: The first year of the Jefferson Nickel’s production saw the Denver Mint release a relatively limited number of coins. A high-grade specimen with Full Steps—a designation indicating a sharply struck reverse where all steps of Monticello are visible—garnered a remarkable $33,600 at auction.
2. 1942-D Over Horizontal D Full Steps (MS64)
- Year: 1942
- Mint Mark: D (Denver)
- Grade: MS64 Full Steps
- Auction Price: $32,200
- Details: A notable mint error makes this coin highly desirable—its “D” mint mark was mistakenly stamped over a horizontally placed “D.” Coupled with the rare Full Steps classification, this coin sold for $32,200.
3. 1940 Reverse of 1938 Proof (PR68)
- Year: 1940
- Mint Mark: None (Philadelphia)
- Grade: PR68
- Auction Price: $28,750
- Details: Featuring the reverse design from the 1938 issue, this proof coin is considered a transitional variety. Its rarity, combined with an exceptionally high PR68 grade, 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
- Auction Price: $24,000
- Details: High-grade 1953-S Jefferson Nickels with Full Steps are rare finds. Due to its sharp strike and excellent preservation, one such coin reached $24,000 at auction.
5. 1939 Doubled Monticello Full Steps (MS64)
- Year: 1939
- Mint Mark: None (Philadelphia)
- Grade: MS64 Full Steps
- Auction Price: $21,150
- Details: This variety features a distinctive doubling effect on the “Monticello” inscription. The Full Steps designation further enhances its rarity, pushing its auction value to $21,150.
7 More Jefferson Nickels That Might Surprise You
While not quite reaching the $50,000 mark, these Jefferson Nickels still hold impressive value among collectors:
| Year | Mint Mark | Variety | Grade | Estimated 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 subject to change based on market conditions.)
What Determines a Jefferson Nickel’s Value?
Several factors contribute to a Jefferson Nickel’s worth:
- Rarity: Coins with low mintages, unique errors, or transitional designs tend to be more valuable.
- Condition: Higher grades, particularly those with the coveted Full Steps designation, command premium prices.
- Historical Significance: Wartime compositions, design changes, and striking anomalies make certain nickels more desirable to collectors.
Final Thoughts
Jefferson Nickels may seem common, but some hidden gems within the series can fetch astonishing prices. Paying close attention to key dates, mint marks, and grading details can help collectors identify valuable pieces that might be lurking in their collections.
FAQs
What does “Full Steps” mean on a Jefferson Nickel?
“Full Steps” refers to the uninterrupted steps visible on Monticello’s image on the coin’s reverse. A Full Steps designation signifies a well-struck coin, which greatly enhances its value.
Why do some Jefferson Nickels lack mint marks?
Coins from the Philadelphia Mint traditionally did not carry a mint mark until 1980. Additionally, from 1965 to 1967, mint marks were intentionally omitted on all U.S. coins to discourage hoarding.
How can I determine my Jefferson Nickel’s value?
To evaluate your coin’s worth, consider its date, mint mark, condition, and any notable errors or variations. Consulting a professional grading service or a reputable price guide can provide accurate appraisals.
By keeping an eye out for these valuable Jefferson Nickels, you just might discover a hidden treasure in your collection!