A nickelin American usage, is a five- cent coin struck by the United States Mint. Its diameter is. Inover 1. The silver half dimeequal to five cents, had been issued since the s. The American Civil War caused economic hardship, driving gold and silver from circulation; in response, in place of low-value coins, the government at first issued paper currency.
InCongress abolished the five-cent fractional currency note after Spencer M. Clarkhead of the Currency Bureau today the Bureau of Engraving and Printingplaced his own portrait on the denomination. After the successful introduction of two-cent and three-cent pieces without precious metalCongress also authorized a five-cent piece consisting of base metal ; the Mint began striking this version in The initial design of the Shield nickel was struck from untilthen was replaced by the Liberty Head nickel.
The Buffalo nickel was introduced in as part of a drive to increase the beauty of American coinage; inthe Jefferson nickel followed. In andspecial designs in honor of the bicentennial of the Lewis and Clark Expedition were issued.
Inthe Mint reverted to using Jefferson nickel designer Felix Schlag 's original reverse or "tails" sidealthough a new obverseby Jamie Franki, was substituted. As of the end of FYit cost more than nine cents to produce a nickel;  the Mint is exploring the possibility of reducing cost by using less expensive metals.
The silver half disme as the half dimepronounced the same, was first called was one of the denominations prescribed by the Mint Act of ; its weight and fineness were set by law. The dies were engraved by Adam Eckfeldtwho a half-century later recalled that the silver for the half dimes was supplied by President George Washingtonand that the 1, coins struck from the bullion were given to Washington's Secretary of StateThomas Jeffersonfor distribution to important people, both in the US and overseas.
Inthe newly established Philadelphia Mint began striking cents and half cents. Subsequently, silver coinage began that year. The half dime was originally struck from untilthough none were dated, or In response, in the US stopped striking silver dollars; issuance of the half dime was discontinued from until Inmint Director Robert Patterson in a letter explained to Jefferson by then president "nearly the whole of our Silver Bullion chiefly Spanish dollars come through the Banks, and it is very seldom that they will consent to take any coin less than half dollars.
Beginning inthe silver five-cent piece was again struck; beginning inits fineness was increased from. Also inthe half dime's obverse design changed from one by William Kneassdepicting a bust of Libertyto one that featured a seated Liberty by Christian Gobrecht ; until its abolition inthe half dime would bear modifications of this design. Init ceased to be the smallest US silver coin as a three cent piece was issued by the Mint.
The Civil War caused most American coins to vanish from circulation, with the gap filled by such means as merchant tokens, encased postage stamps, and United States fractional currencyissued in denominations as low as three cents. Although specie gold or silver coins was hoarded or exported, the copper-nickel cent, then the only base metal denomination being struck, also vanished.
InCongress authorized a third series of fractional currency notes. The five-cent note was to bear a depiction of "Clark", but Congress was appalled when the issue came out not with a portrait of William Clarkthe explorer, but Spencer M. Clarkhead of the Currency Bureau. According to numismatic historian Walter BreenCongress's "immediate infuriated response was to pass a law retiring the five-cent denomination, and another to forbid portrayal of any living person on federal coins or currency.
Inthe U. Mint made a significant change to its five cent piece. The newly designed Jefferson Nickel replaced the Buffalo Nickel. The Jefferson Nickel has been around for a long time, and is still being produced to this day. While some may not believe that these coins carry any value above their face value, early editions such as the may be sought after by collectors.
For a coin collector, a Jefferson Nickel is only worth acquiring if the coin is in excellent overall condition. Such coins are not only the most valuable, but are the most attractive to look at as well. While these coins may be valued by collectors in any condition, collectors will likely only look to obtain coins that are considered pristine. Finding nickels in this condition can prove challenging, however.
Although the actual grade assignment must be given by a professional coin grading company, you can use the guidelines below to get a good idea of how your coin may be graded. Uncirculated: This is the coin type that the majority of coin collectors will be looking to obtain. These coins have never exchanged hands in everyday use, and have therefore not been subjected to the damage associated with circulation.
1940 Jefferson Nickel Value
Looking at these coins, they will look as if they were freshly minted and have not been handled by human hands. Extremely Fine: Coins in extremely fine condition may also be sought after by collectors. These coins will, however, show some signs of use over the years. They will have very minimal damage, however, that may only be seen upon close examination. To the naked eye, these coins will appear to be in near-perfect condition. Fine: Coins that are assigned a grade of fine will have noticeable signs of damage and wear from use over the years.
Good: The majority of nickels on the open market today are considered to be in good condition. These coins have been exchanged extensively over the years and will have many scratches and blemishes. Collectors will most often avoid coins in this condition and look for nickels with higher grades.Most premium Jefferson nickel values are found in the early years, and A key to coin values is understanding today's collector market. Realize, an "Uncirculated" Jefferson nickel is the quality pursued.
Most others have minimum value unless in this grade. Collectors and dealers are always looking to add to their holdings. A stunning "Uncirculated" coin such as the one pictured is the type of coin eagerly sought. Jefferson nickel values reveal this. The second half of the chart lists coins only in this condition. The following values are for coins dealers are actively buying.
Importantly: See the "Grading" image below the chart to help determine if your coin is in premium collector condition. The above are wholesale coin values. Computed from dealer's price lists with various mark-up factors figured in. They reflect closely the value you would expect to receive when selling. Variations in value do occur subject to subtle grading points, collector demands and dealer needs.
For more background information, see how value listings in the Coin Value Guide are determined.
Jefferson Nickel Values
Dealers and collectors are interested only in coins in uncirculated or preferably choice uncirculated condition. After identifying your coin by date and mintmark, determining its "Grade" has the next greatest influence on value. The better state of preservation the more desirable to a dealer, the more it is worth. To accurately determine your Jefferson nickel values, compare your coins to the images below and assign each coin a grade.
Look closely at Monticello on the reverse. Four central pillars showing, separates a nickel in "Fine" condition from one where Monticello is worn smooth and in "Good" condition.
If all the details on the obverse and reverse are crisp and sharp, with slight wear, your coin is in "Extremely Fine" condition. Dealers and collectors focus on choice uncirculated coins. They are best described as bright, new, never circulated coins. The top image is an example of an uncirculated, attractive and highly collectible nickel.
An uncirculated coin shows no evidence of wear on its surface. When first minted the entire surface of a coin displays a bright gleaming luster as shown on the uncirculated example below. For an in-depth study visit Grading Jefferson Nickels and follow both the video and descriptions with images.
Very delicate, this luster it is the first to wear from circulation. As the result of wear the surface begins to show a dulling of the shine. Rotate your coin under a light, changing its angle, an uncirculated coin shows no breaks in this luster.
Notice also the coin with slight wear still shows mint luster within the lettering, however a dulling of the surface from wear is evident on the shoulder and collar of the jacket. It is also helpful to know grading a coin is not an exact science. It is your opinion, dealers and collectors have their own opinions They both authenticate and grade your coin. The small fee you pay provides assurance you understand and receive the full value of your coin.
Check a few rare coin dealers listings, look for those offering Jefferson Nickels for sale, their listings and prices usually include a notation of the NGC or PCGS assigned grade. From to part ofmint marks, "S" for San Francisco and "D" for the Denver mint are located to the right of Monticello.A fair price for an old coin that is normally found relatively worn.
As a collectible it often goes higher. Let's examine your coin for two things that may uncover a higher value. First, does your coin have the "D" mintmark? A small mark on the reverse indicating the Denver mint.
The D quarter is worth a premium value above the Philadelphia, and San Francisco "S" mint coins. Secondly, the state of preservation of your coin. Is it tired and worn looking or crisp and sharp, standing out from the rest? Condition is key to price and desirability of Washington quarters.
You can get an idea of where your coin is on the value chart by comparing it to the "Grading" images below.
The adjacent image is of the reverse, indicating the mintmark location. The highest priced Washington quarters are always the "Uncirculated" examples, the first image. Descending to the lowest value "Good" condition quarters. Most collectors eventually replace these "Good" coins with a finer example. Uncirculated: The top grade in both quality and value, requires close examination to confirm. Inspect the highest points of design and the fine details for evidence of wear. It is most noticeable as a dulling of the surface and breaks in the mint luster.
Extremely Fine: The lightest of wear and abrasion begins to show in the hair and curls over Washington's ear. Minute details have disappeared and mint luster is absent from the neck and cheek. This quarter is worn, but very lightly. Fine: Still a respectable coin despite moderate wear.
The hair and curls now show only major details. The neck and chin are worn to the point of merging. However the rim and date are clearly separated. Good: The rim is the indicator at this grade. It has blended slightly with the lettering and date. Washington's portrait is still strong but lacking most detail. This quarter has experienced years of circulation. Washington Quarters Value.
Check your coins with the values chart. Most of the silver Washington quarters value is tied closely to the price of silver. However, a few rare dates and mintmarks are very valuable.
More Quarter Values. Including more relating to your quarter value. Easily find how much your old coins are worth. All series include Grading Images to judge the condition of your coins and coin value charts.Dates inscribed on the infamous Buffalo Nickel would quickly become worn down and illegible after the circulation process. Following the Buffalo Nickel, the U. S Mint officials decided to make substantial changes to the five cent coin.
In Januarythe United States Treasury disclosed a competition for the design of the new coin. The new coin was to be called the Jefferson Nickel. On April 20th,German-born sculptor, Felix Schlag won the contest. This led to the contest results not being announced until September Editions as early as the are popular amongst coin collectors. The original design ran through AfterWar-Time effort called for a different metallic composition.
In the original design, Schlag depicted a side-view of Thomas Jefferson on the front, and a view of his home, Monticello, on the reverse.1969 D Nickel Sold For $30,000 In 2016. How To Tell If Yours Is As Valuable
A few variations of Jefferson Nickels do not include the Monticello view on the back, such as the Westward Journey designs. Despite these factors, the original design is still being used today.
There are four main tiers on the grading scale for the Jefferson Nickel. The top tier would be Uncirculated coins.
For a coin to be considered uncirculatedit would need to be nearly flawless as if it had just been minted. The next tier would be Extremely Fine. These are also popular amongst coin collectors.
The minimal damage on these coins would be invisible to the naked eye.
Unlike the Uncirculated coins, these would exhibit some signs of use over the years. Following the Extremely Fine tier would be Fine. The signs of wear and damage are more noticeable with this coin.
Finally, the final tier would be Good. Most nickels are considered to be in this condition. Coins on this tier will have many scratches and blemishes. Coins of this edition may be sought out, depending on the year and edition. However, Jefferson Nickels also have a grading system unique to the coin. FS or Full Step coins, refers to the number of visible steps leading up to the Monticello on the reverse. This entails that a proper FS Jefferson Nickel would have at least five clearly defined steps.
Following the above mentioned tiers on the grading scale for this coin, the most pristine condition would be labeled as a Proof Coin. These coins would appear to be freshly minted with a stronger shine or luster than uncirculated coins. Proof Coins will have been struck twice, rather than once, in order to maintain a shinier, cleaner appearance. These coins are the most popular amongst collectors and their values are significantly higher than uncirculated coin.Search CCF Members.
Active Users. There are currentlyusers on this website. Welcome Guest! Need help? Got a question? Inherit some coins? Our coin forum is completely free! Register Now! Is this normal? I looked it up and found nothing for w no mintmark.
Report this Post to the Staff. Welcome to the club! You are the proud owner of a nickel, minted in Philadelphia. Aside from the silver 'war' nickelsfive-cent pieces from 'Philly' were not made with a mint mark until To CCF. I might add that Jefferson nickels from and earlier have the mintmark to the right of Monticello, rather than under the date like on those of present. No mintmarks were used fromeven for branch mint coins. I found a Jefferson nickel today.
I cant seem to get the pic under kb. Even though the optimizer said its kb I still dont get the optimizer When You use the optimizer and then save the photo it will be downloaded to a location called "Downloads".
Check for the photo there and post that photo. View Last New Topics. View Last Active Topics. Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors.
Copyright - Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited. Save Password. Forgot your Password? I looked it up and found nothing for w no mintmark Report this Post to the Staff.Image source: Flickr. Starting inthe United States Mint started striking five-cent coins of different composition: a combination of copper, silver and manganese.
Nickels produced in were minted in San Francisco, Denver and Philadelphia so you will see an S or D mark on the reverse side of the coin.
Nickel (United States coin)
But there are also a number of these coins with no mint mark. The P mint mark was not added to nickels and other coins until the s, except for nickels made fromor the wartime nickels. Nickels that are in mint state condition are those that have not been in circulation for a good number of years, thus preserving their mint state. When it comes to being a collectible coin, it must have certain features and elements that are otherwise not present in the others in the same batch or mint date:.
When it comes to collecting rare and collectible coins, their value are determined by grades. Not all old coins are worth more than their face value. There are grading criteria for coins to be considered rare, collectible and have values higher than what they are originally worth.
These are just some of the things that you need to know about Jefferson nickels and coins in general. When looking for a rare nickel, remember the things mentioned above, and be always on the lookout for opportunities to find rare nickels and coins.
You must be logged in to post a comment. This post may contain affiliate links. As an Amazon Associate, I earn from qualifying purchases. You can read the full disclosure here. The coin should have a mint mark of S or D, or no mint mark at all. No mint mark indicates that it was minted in Philadelphia.
The coin should be in excellent, or at least good, condition to be considered of high value. Since it has been in circulation sinceyou can expect to see some wear, but not too much or it would lose its value by a huge margin.
The first criteria is its being uncirculated. This element is what numismatists run after. If a coin is uncirculated, you are most likely to land one that is in its almost perfect condition as it was when it was minted. Uncirculated coins fetch the highest values because of their mint condition. A grade of extremely fine indicates that a coin is in mint condition, appearing almost like an uncirculated coin. But on closer inspection, you will see some minor flaws that have accumulated for years of being in circulation.