10 Rare Jefferson Nickels Worth Thousands: The Jefferson nickel has been in circulation since 1938 and remains one of the longest-running coin series in American history. While most nickels are worth only five cents, certain rare dates, mint marks, and varieties have become highly valuable. Some Jefferson nickels have sold for thousands of dollars at auction, making them prized treasures for collectors. This guide explores ten of the rarest Jefferson nickels, their history, and why they command such high prices.
Historical Background
The Jefferson nickel replaced the Buffalo nickel in 1938. Designed by Felix Schlag, it features Thomas Jefferson on the obverse and Monticello on the reverse. Over the decades, the coin has seen changes in composition, especially during World War II when silver was used instead of nickel. Collectors today seek out rare dates, mint errors, and high-grade examples that stand out from the millions produced.
1938 D Jefferson Nickel
The first year of issue saw low mintage at the Denver Mint. High-grade examples are scarce and can sell for thousands of dollars. Collectors prize this coin as the beginning of the Jefferson nickel series.
1939 Doubled Monticello and Five Cents
This variety shows doubling on the reverse lettering. Rare in high grades, it is a favorite among error collectors. Examples in superb condition can reach values well into the thousands.
1942 D Over Horizontal D
A famous mint error where the “D” mint mark was struck over another “D.” Scarce and valuable in uncirculated condition, this coin is one of the most sought-after wartime nickels.
1942 Wartime Silver Nickels
Nickels minted from 1942 to 1945 contained 35 percent silver. Certain mint marks and high grades can command strong premiums. These coins are popular both for their historical significance and their silver content.
1950 D Jefferson Nickel
One of the lowest mintage nickels of the series, with only 2.6 million struck. Uncirculated rolls are highly prized, with single coins worth hundreds to thousands depending on grade.
1954 S Jefferson Nickel
A rare San Francisco issue with low mintage. Superb gems have sold for more than $30,000, making this one of the most valuable Jefferson nickels ever struck.
1969 D Jefferson Nickel
Scarce in high grades, with auction records exceeding $30,000. Collectors value this coin for its rarity and the difficulty of finding pristine examples.
1971 No S Proof Jefferson Nickel
A proof coin mistakenly struck without the “S” mint mark. Extremely rare and valuable, with examples selling for tens of thousands of dollars.
1979 S Type 2 Proof Jefferson Nickel
This variety features a clear “S” mint mark. Collectors pay high premiums for perfect examples, especially in PR-70 condition.
2000 P Jefferson Nickel Reverse of 1999
A transitional variety where the reverse design from 1999 was mistakenly used in 2000. Rare and sought after by specialists, this coin represents a fascinating minting error.
Value Comparison Table
| Year / Variety | Typical Value Range |
|---|---|
| 1938 D Jefferson Nickel | $500 – $5,000+ |
| 1939 Doubled Monticello | $1,000 – $10,000+ |
| 1942 D Over Horizontal D | $500 – $3,000+ |
| 1942 Wartime Silver Nickels | $50 – $1,500+ |
| 1950 D Jefferson Nickel | $200 – $5,000+ |
| 1954 S Jefferson Nickel | $1,000 – $35,000+ |
| 1969 D Jefferson Nickel | $1,000 – $33,000+ |
| 1971 No S Proof Nickel | $5,000 – $20,000+ |
| 1979 S Type 2 Proof Nickel | $100 – $1,500+ |
| 2000 P Reverse of 1999 Nickel | $200 – $2,000+ |
Collecting Tips
- Always check mint marks carefully, as they often determine rarity.
- Look for doubling or unusual features on the reverse lettering.
- Preserve coins in protective holders to maintain condition.
- Consider professional grading to authenticate and maximize value.
- Watch auction records for trends in rare varieties.
Conclusion
Jefferson nickels may seem ordinary, but hidden among them are rare varieties worth thousands of dollars. From early issues like the 1938 D to modern rarities such as the 1971 No S Proof, these coins represent both history and opportunity. For collectors, they offer the thrill of discovery and the potential for significant value.