Thomas Jefferson was a skilled philosopher and penman, best known as the primary author of the United States Declaration of Independence. He worked on it as part of the Committee of Five, where he played a significant role in drafting this essential document. Jefferson was also an experienced architect, lawyer, and diplomat. He served as the First Secretary of State under George Washington and the Second Vice President under John Adams before becoming the 3rd President of the United States.
Table of Jefferson Nickel Values
| Year | Mint Mark | Grade | Date of Sale | Price |
|---|---|---|---|---|
| 1938 | Denver | MS 68+ FS | 17th July 2022 | $33,600 |
| 1942 | D/D | MS 64 FS | 5th January 2006 | $32,200 |
| 1940 | None | PR 68 | 5th January 2011 | $28,750 |
| 1953 | San Francisco | MS 65 FS | 14th January 2019 | $24,000 |
| 1939 | None | MS 67 FS | 26th September 2019 | $23,500 |
| 1939 | None | MS 68 FS | 27th February 2014 | $23,500 |
| 1964 | Denver | MS 66 | 17th July 2022 | $19,800 |
| 1953 | None | PR 68 DCAM | 24th April 2013 | $15,275 |
| 1962 | None | MS 67+ FS | 8th August 2013 | $21,150 |
| 1947 | San Francisco | MS 67 FS | 1st May 2007 | $14,950 |
| 1952 | Denver | MS 67 FS | 12th July 2015 | $16,450 |
| 1941 | None | PR 68 | 5th June 2013 | $18,800 |
| 1950 | Denver | MS 67 FS | 13th September 2006 | $17,250 |
| 1942 | None | PR 67 CAM | 23rd April 2014 | $14,100 |
| 1949 | Denver/San Francisco | MS 67 FS | 4th June 2014 | $32,900 |
| 1943 | None | MS 67 FS | 26th June 2008 | $16,675 |
| 1964 | None | SP 68 FS | 6th January 2016 | $32,900 |
History and Significance of the Jefferson Nickel
Jefferson was elected Vice President in 1796 by coming second in the presidential election. Back then, the candidate with the most votes became the president, and the runner-up became the vice president. After serving as vice president, Jefferson ran against John Adams and won, making him the 3rd US President.
He served two terms and could have run for a third, but he voluntarily stepped down, just like Washington did. Although he had a falling out with John Adams during this time, they reconciled and remained friends well into their later years, both passing away on the same day, July 4th, 1826.
Jefferson’s Legacy and Controversies
Other political positions that Jefferson held included Governor of Virginia (1779 to 1781) and US Minister to France (1785 to 1789). His popularity is evident through the various elected and appointed positions he achieved.
While Jefferson accomplished many good things, he also faced criticism. Like many Founding Fathers, he owned slaves. He is also associated with the idea of Indian Tribal Removal, which forced Native Americans from their ancestral lands into reservations, where many still live today.
Despite his flaws, he endorsed the Act Prohibiting the Importation of Slaves (1807) and is thought to have fathered several children with Sally Hemings, one of his slaves. Nevertheless, public opinion often favors him, and he is consistently ranked among America’s Top Ten Presidents.
The Jefferson Nickel: Design and Production
Jefferson was president from 1801 to 1809, and his image was placed on the nickel starting in 1938. The 5-cent coin replaced the Buffalo Nickel, which had recently finished its 25-year run and was not well-received by the public.
The Jefferson Nickel features three obverse designs, but the reverse design only changed from 2004 to 2005 for commemorative issues marking the Lewis & Clark Westward Journey. The coin’s composition has varied over the years; traditionally, it was made of 75% copper and 25% nickel. However, during World War II (1942 to 1945), the metal mix changed due to the war effort, leading to a nickel made of 56% copper, 35% silver, and 9% manganese.
Collecting Jefferson Nickels
Jefferson Nickels have always weighed 5g and measure 21.21mm in diameter (0.84”). The design was created by Felix Oscar Schlag, who won a design competition in 1938. The reverse design was modified for the coin, but Schlag’s initials, FS, were not added until 1966.
One key factor in grading Jefferson Nickels is the detail of the steps leading to Monticello, Jefferson’s mansion. Coins graded as 5FS or 6FS indicate that the steps are fully visible. Newer nickels tend to have a higher proportion of FS coins because of improvements in minting technology.
Mint Mark Importance
Mint marks on Jefferson Nickels indicate where the coin was made (Denver, Philadelphia, San Francisco, or West Point). The placement of the mint mark has changed over time to match design updates. For example, the mint mark was moved to the front left of the date in 1968 and later below it in 2006.
Conclusion
The Jefferson Nickel has a rich history and remains a popular coin among collectors. The value of these coins varies based on their year, mint mark, and grade. Whether you are a seasoned collector or just starting, understanding the significance and value of Jefferson Nickels can enhance your coin-collecting journey.
FAQs
What is a Jefferson Nickel?
The Jefferson Nickel is a five-cent coin featuring Thomas Jefferson on the obverse and Monticello, his estate, on the reverse. It was first minted in 1938, replacing the Buffalo Nickel.
What years of Jefferson Nickels are considered valuable?
While many Jefferson Nickels hold value, some of the most sought-after years include 1938, 1942 (D/D), 1940, and 1953. Coins in higher grades (like MS 67 or above) are typically more valuable.
How can I tell if my Jefferson Nickel is valuable?
Factors affecting the value of Jefferson Nickels include their year, mint mark, and condition. Checking reputable coin guides, grading services, or consulting a coin expert can help determine a nickel’s worth.
How can I grade my Jefferson Nickels?
Grading coins involves assessing their condition based on factors like wear, luster, and the visibility of details. Familiarizing yourself with grading scales (e.g., MS, PR) and using a magnifying glass can help.