Hidden Treasures in Your Change
You might not think twice about the nickels in your pocket, but some Jefferson nickels are worth much more than five cents. These coins, first minted in 1938, feature Thomas Jefferson, the third U.S. president, on the front and his home, Monticello, on the back. Certain rare nickels, due to minting errors, low production numbers, or special features, can fetch thousands of dollars at auctions. Next time you get change, take a closer look. You could be holding a small fortune.
Why Some Nickels Are So Valuable
Jefferson nickels become valuable for a few reasons. Rarity is a big factor, like coins from years with low mintage, such as the 1950-D, with only 2.6 million made. Minting errors, like double-struck designs or wrong mint marks, also drive up value. Coins in great condition, especially those with “Full Steps” (clear steps on Monticello), are highly prized. Wartime nickels from 1942 to 1945, made with silver instead of nickel, are another hot find because of their unique metal mix.
Top Valuable Jefferson Nickels to Look For
Here are some of the most valuable Jefferson nickels that could make you rich:
- 1938-D Full Steps: This coin, from the first year of Jefferson nickels, sold for $33,600 in 2022. Look for sharp, clear steps on Monticello and the Denver mint mark (D).
- 1964 SMS: Only about 40 of these Special Mint Set coins exist, with one valued at $15,000 or more. They have a crisp, matte finish.
- 1943-P Doubled Eye: This wartime nickel has a doubled eyelid on Jefferson’s face, making it worth up to $23,500 in top condition.
- 1950-D: With a low mintage, this coin can sell for $500 to $2,000 if uncirculated.
- 1939-D: Another low-mintage year, this coin can fetch over $1,000 in mint condition.
| Coin | Key Feature | Estimated Value |
|---|---|---|
| 1938-D Full Steps | Clear Monticello steps, Denver mint | Up to $33,600 |
| 1964 SMS | Special Mint Set, matte finish | $15,000+ |
How to Spot a Valuable Nickel
To find a valuable nickel, check the date and mint mark, usually found on the front under the year. A magnifying glass helps spot errors like doubling in the design or mint mark. Look at the back for Monticello’s steps; five or six clear steps mean a possible “Full Steps” coin. Wartime nickels (1942-1945) have a large mint mark (P, D, or S) above Monticello and a silvery look. If you find a coin that looks unusual, compare it to online guides or take it to a coin dealer.
| Feature | What to Check | Why It Matters |
|---|---|---|
| Mint Mark | D, S, or P on front or back | Shows where coined; rare marks add value |
| Full Steps | Clear steps on Monticello | Indicates high-quality strike, boosts price |
What to Do If You Find One
If you think you have a rare nickel, don’t clean it. Cleaning can lower its value. Store it in a soft cloth or coin holder to keep it safe. Take it to a professional coin dealer or grading service, like PCGS or NGC, to get it checked. They can confirm if it’s valuable and give it a grade, which affects its price. You can sell rare coins at coin shops, online auctions, or through collectors. Always get an expert opinion before selling to ensure you get a fair deal.
Start Checking Your Change Today
Jefferson nickels are still in circulation, so valuable ones could be hiding in your change jar or wallet. Coins from the 1930s to 1960s, especially with errors or in great condition, are the ones to watch. With a little knowledge and a sharp eye, you might find a nickel worth thousands. So, grab your change, check those dates, and see if you’re holding a hidden gem. Your next big find could be just a pocket away.