8 Jefferson Nickel Coins Worth a Fortune: Jefferson nickels, named after Thomas Jefferson, one of America’s Founding Fathers and third president, have been part of U.S. coinage since 1938. Known for their intricate designs and unique variations, these coins hold a special place among collectors. Let’s explore some of the most coveted Jefferson nickels and their fascinating stories.
1. 1938-D Full Step Nickel
The 1938-D Jefferson nickel, minted in Denver, stands out for its “Full Step” designation. This term refers to the complete, unbroken detailing of the steps on Monticello, Jefferson’s historic home. As one of the rarest and most desirable Jefferson nickels, this coin fetched $33,600 in July 2022 at an MS 68+ FS grade.
This coin honors Jefferson’s remarkable legacy, from writing the Declaration of Independence to shaping the future of the United States.
Year: 1938
Mint: Denver
Grade: MS 68+ FS
Sale Price: $33,600
2. 1942 D/D Horizontal Nickel
The 1942 D/D Horizontal nickel is a striking example of a minting error, where the “D” mintmark is horizontally overstruck on another “D.” This rare mistake adds to the charm of early U.S. coin production. In January 2006, one of these coins, graded MS 64 FS, sold for $32,200.
This coin reflects the quirks of the U.S. Mint’s early processes and is as intriguing as Jefferson’s political journey, from his time as Secretary of State to his presidency.
Year: 1942
Mint: Horizontal Denver
Grade: MS 64 FS
Sale Price: $32,200
3. 1940 Reverse of 1938 Proof Nickel
The 1940 Reverse of 1938 Proof nickel is another rare gem. This coin features the reverse design from the 1938 series, making it an interesting blend of old and new. With a PR 68 grade, it sold for $28,750 in 2011, showcasing both historical and artistic value.
Jefferson’s progressive ideals are reflected in the craftsmanship of this coin, which is a piece of American history in itself.
Year: 1940
Mint: Philadelphia
Grade: PR 68
Sale Price: $28,750
4. 1953-S Full Step Nickel
The 1953-S Full Step nickel, struck in San Francisco, is another prized coin among collectors. With a perfect set of detailed steps on Monticello, this nickel commanded a price of $24,000 at an MS 65 FS grade in 2019. The coin represents both Jefferson’s enduring legacy and the skill involved in minting.
This coin also reflects Jefferson’s paradoxical life, from advocating for liberty while owning slaves, making it a thought-provoking historical artifact.
Year: 1953
Mint: San Francisco
Grade: MS 65 FS
Sale Price: $24,000
5. 1939 Doubled Monticello Nickel
The 1939 Doubled Monticello nickel is known for its unique minting error, where the Monticello building design was doubled. This mistake makes the coin exceptionally rare and desirable. In 2019, an MS 67 FS version of the coin sold for $23,500.
This coin exemplifies the precision of U.S. Mint processes and the occasional errors that make coins so collectible.
Year: 1939
Mint: Philadelphia
Grade: MS 67 FS
Sale Price: $23,500
Collectible Insights
From wartime nickels made of silver to artistic designs inspired by competitions, Jefferson nickels tell the story of America’s evolving coinage. Each mintmark, design error, and coin variation connects collectors to significant moments in U.S. history.
Whether you’re a seasoned collector or a newcomer to the hobby, Jefferson nickels offer an incredible opportunity to explore America’s past through its coins. You might just find a hidden treasure in your collection.
FAQs
What is a Full Step Jefferson nickel?
A Full Step Jefferson nickel is one where the steps on Monticello’s design are clearly visible and unbroken.
Which Jefferson nickel is the most valuable?
The 1938-D Full Step nickel is the most valuable, having sold for $33,600.
Why are wartime nickels unique?
Wartime nickels, minted during WWII, are unique because they contain silver due to a shortage of nickel.
What does D/D mean on nickels?
The D/D refers to a repunched mintmark error, where the “D” mintmark was stamped over another “D.”
Who designed the Jefferson nickel?
The Jefferson nickel was designed by Felix Schlag, who won the 1938 design competition.
These rare Jefferson nickels not only provide a glimpse into the history of American coinage but also reflect the nation’s evolving story. Keep an eye out for these valuable pieces—they could be a remarkable addition to any collection.
