Rare Coin Alert: Jefferson nickels have been a staple of American coinage since 1938. While most are worth only five cents, certain rare dates, mint errors, and high-grade examples can be worth hundreds or even thousands of dollars. Collectors often overlook nickels compared to silver dollars or gold coins, but the Jefferson series hides treasures that can surprise even seasoned numismatists. This guide explores ten Jefferson nickels that are worth far more than their face value, along with tips on how to identify them and understand their market value.
The History of the Jefferson Nickel
Introduced in 1938, the Jefferson nickel replaced the Buffalo nickel. Designed by Felix Schlag, it features a portrait of Thomas Jefferson on the obverse and Monticello, his Virginia home, on the reverse. Over the decades, the design has undergone modifications, but the coin remains a familiar part of American currency. Collectors value certain issues for their rarity, condition, and historical significance.
Factors That Influence Jefferson Nickel Value
Several factors determine the worth of Jefferson nickels:
- Date and Mint Mark: Some years and mints produced fewer coins, making them scarcer.
- Condition: Higher grades such as MS-65 and above command significant premiums.
- Errors and Varieties: Doubled dies, off-center strikes, and overmintmarks increase value.
- Metal Composition: Wartime nickels (1942–1945) contain silver, adding intrinsic value.
- Collector Demand: Popular varieties often sell for more due to strong interest.
Ten Jefferson Nickels Worth More Than You Think
1939 Doubled Monticello Reverse
This variety shows doubling on the word “Monticello” and “Five Cents.” It is one of the most famous Jefferson nickel errors. High-grade examples can sell for thousands.
1942–1945 Wartime Silver Nickels
Produced with 35 percent silver due to wartime needs, these nickels are valuable both for their silver content and collectible appeal. Uncirculated examples are especially prized.
1950 D Jefferson Nickel
Known as the key date of the series, the 1950 D had a low mintage. Even circulated examples are worth several dollars, while uncirculated coins can fetch hundreds.
1964 SMS Jefferson Nickel
Special Mint Set nickels from 1964 are extremely rare. These coins were struck with proof-like qualities and are highly sought after by collectors.
1971 No S Proof Jefferson Nickel
A proof coin mistakenly struck without the “S” mint mark. This error is rare and valuable, often selling for thousands in top condition.
1979 S Type 2 Proof Jefferson Nickel
This variety features a clear “S” mint mark compared to the Type 1. Collectors pay premiums for high-grade examples.
1982 P Jefferson Nickel
Coins from this year are scarce in high grades due to poor strike quality. MS-65 or higher examples are worth far more than face value.
1994 P Doubled Die Obverse
This error shows doubling on Jefferson’s eye and other features. It is a modern rarity that collectors actively seek.
2004 D Peace Medal Nickel
Part of the Westward Journey series, this coin has unique designs. High-grade examples are worth more than face value.
2005 D Bison Nickel with Speared Bison Error
This error variety shows a die gouge that looks like a spear through the bison’s back. It is one of the most famous modern Jefferson nickel errors, with values reaching hundreds of dollars.
Value Ranges of Rare Jefferson Nickels
| Coin | Typical Value | High-Grade Value |
|---|---|---|
| 1939 Doubled Monticello | $50 – $200 | $1,000+ |
| 1942–1945 Wartime Silver | $2 – $10 | $50 – $200 |
| 1950 D | $10 – $50 | $500+ |
| 1964 SMS | $500 – $1,000 | $10,000+ |
| 1971 No S Proof | $500 – $1,500 | $3,000+ |
| 1979 S Type 2 Proof | $20 – $50 | $200+ |
| 1982 P | $5 – $20 | $150+ |
| 1994 P Doubled Die | $20 – $100 | $500+ |
| 2004 D Peace Medal | $1 – $5 | $50+ |
| 2005 D Speared Bison | $50 – $200 | $1,000+ |
Collecting Tips for Jefferson Nickels
- Check Pocket Change: Rare varieties sometimes appear in circulation.
- Invest in Grading: Professional grading by PCGS or NGC can maximize value.
- Store Properly: Use coin holders to prevent damage and preserve luster.
- Build a Set: Collecting by date and mint mark is a rewarding challenge.
Conclusion
Jefferson nickels may seem ordinary, but hidden among them are coins worth far more than five cents. From wartime silver issues to modern mint errors, these ten nickels prove that even common denominations can hold extraordinary value. Collectors who pay attention to details such as mint marks, strike quality, and condition can uncover treasures that transform pocket change into prized possessions.
