You might be carrying a small fortune in your pocket without even knowing it. Jefferson nickels, often overlooked in loose change, can be worth over $10,000 if they’re rare varieties or contain unique errors. These coins, minted since 1938, are not only historical keepsakes but also prized treasures among collectors.
Let’s explore 10 of the most valuable Jefferson nickels that have sold for thousands—and could still be hiding in circulation.
1. 1942-D Over Horizontal D
This nickel is famous for its mintmark error, where a horizontal “D” was punched and then corrected. If you spot this rare detail, especially in uncirculated condition with full steps, it could be worth a lot.
- Estimated Value: $32,000+
2. 1949-D Over S Full Steps
A true collector’s gem, this coin features a D mintmark stamped over an S, creating a clear over-mint error. Those with strong strike quality and full steps command top dollar.
- Estimated Value: $32,900
3. 1964 Special Mint Set (SMS) Full Steps
This special issue has a satin finish and fewer than 50 known examples. Combined with full steps, this makes it an incredibly rare find.
- Estimated Value: $32,900
4. 1940 Reverse of 1938
This variety uses the 1938 reverse die by mistake. Small details in Monticello help identify it. Collectors prize it highly for its distinctiveness.
- Estimated Value: $28,750
5. 1953-S Full Steps Jefferson Nickel
Poor die maintenance in 1953 led to weak strikes, making full steps examples from San Francisco very rare. Any coin from this year with full steps is highly valuable.
- Estimated Value: $24,000
6. 1939 Reverse of 1940
This coin shows the opposite of the 1940 error—using a 1940 reverse with a 1939 obverse. It’s harder to find and fetches a strong price when in pristine condition.
- Estimated Value: $23,500
7. 1964 Full Steps Satin Finish
This nickel combines exceptional finish quality and detail. Fewer than 20 are known to exist, and collectors go to great lengths to acquire one.
- Estimated Value: $22,800
8. 1962 Full Steps
Coins with full steps from 1962 are extremely rare due to the worn dies used that year. If you have one in mint state, it’s worth big money.
- Estimated Value: $21,150
9. 1939 Doubled Monticello
A doubled die error in the word “Monticello” and “Five Cents” makes this coin a standout. Sharp examples are in high demand.
- Estimated Value: $20,562
10. 2000-P Two-Headed Error
This modern error coin features two obverse (heads) sides—an extremely rare and odd mint mistake that intrigues collectors.
- Estimated Value: $20,520
| Nickel Variety | Estimated Value |
|---|---|
| 1942-D Over Horizontal D | $32,000+ |
| 1949-D Over S Full Steps | $32,900 |
| 1964 SMS Full Steps | $32,900 |
| 1940 Reverse of 1938 | $28,750 |
| 1953-S Full Steps | $24,000 |
| 1939 Reverse of 1940 | $23,500 |
| 1964 Full Steps Satin Finish | $22,800 |
| 1962 Full Steps | $21,150 |
| 1939 Doubled Monticello | $20,562 |
| 2000-P Two-Headed Error | $20,520 |
What Makes These Nickels So Valuable?
Several factors contribute to the high value of these Jefferson nickels:
- Minting Errors: Double dies, wrong dies, or over-punched mintmarks add uniqueness.
- Low Mintage: Fewer coins in circulation boost rarity.
- Full Steps Designation: Nickels with crisp, undamaged steps on Monticello are rarer and more valuable.
- High-Grade Condition: Coins with minimal wear and strong eye appeal fetch premium prices.
How to Spot a Valuable Jefferson Nickel
- Check the Date and Mintmark: Use a magnifier to inspect mintmarks (D, S, or P).
- Look for Full Steps: Examine Monticello for uninterrupted, clear steps.
- Check for Errors: Doubling, off-center strikes, and incorrect reverses can be clues.
- Keep Uncleaned Coins: Cleaning can reduce the value significantly.
Jefferson nickels are not just everyday change—they could be a hidden treasure. Whether you’re a seasoned collector or a casual coin-checker, it’s worth taking a closer look at your nickels.
With values reaching over $30,000, some of these coins can be life-changing finds. Start checking your change—you might already have one of these valuable coins in your pocket!
FAQs
What is a “Full Steps” Jefferson Nickel?
A Full Steps nickel has clearly visible, uninterrupted steps on the Monticello building. It indicates a strong strike and increases the coin’s value.
How do I know if my Jefferson nickel is valuable?
Check for mint errors, low mintage years, Full Steps details, and uncirculated condition. Use a magnifier to identify rare features.
Are all Jefferson nickels with errors valuable?
Not all errors are valuable. Major recognized errors like doubled dies or over-mintmarks are what typically boost a coin’s worth.