1964 SMS Jefferson Nickel – Sold for $32,900
The 1964 SMS (Special Mint Set) Jefferson Nickel is renowned among collectors for its unique satin-like finish and special striking process that sets it apart from regular circulation coins.
Only a limited number of these coins exist, making them incredibly rare and highly desirable. One particularly notable example sold in 2016 for $32,900, a sum comparable to purchasing a brand-new Tesla Model 3. This nickel’s exceptional rarity and finish contribute greatly to its impressive value.
1953-S Jefferson Nickel (Full Steps) – Sold for $24,000
While many 1953-S Jefferson Nickels are fairly common, those exhibiting the “Full Steps” detail on the Monticello building are quite rare. Full Steps refer to the clearly visible horizontal lines on Monticello’s steps, a feature that coin collectors highly prize.
Because of this specific detail, a 1953-S nickel with Full Steps once sold for $24,000. This example highlights how a coin’s condition and subtle design features can dramatically increase its worth in the collector’s market.
1949-D/S Overmintmark Nickel – Sold for $32,200
The 1949-D/S Jefferson Nickel is a prime example of a mint error that commands high value. This coin features an “S” mintmark underneath a “D” mintmark, a result of an unusual overstrike during production.
Such errors are rare and sought after by collectors, as they represent unique moments in minting history. One of the finest specimens of this nickel sold for $32,200, a price similar to that of a luxury vehicle like an Audi or Lexus.
1942-D Over Horizontal D – Sold for $27,000
This particular Jefferson Nickel stands out due to an intriguing mintmark error, where the “D” mintmark was initially stamped horizontally and later corrected.
This uncommon mistake adds a fascinating layer of rarity and appeal to the coin. Collectors highly prize such errors, and as a result, a top-quality 1942-D Over Horizontal D nickel fetched $27,000, surpassing the cost of a brand-new Ford Mustang.
1939 Reverse of 1940 (Full Steps) – Sold for $23,500
The design on the reverse side of coins can significantly impact their value. The 1939 Reverse of 1940 Jefferson Nickel, especially when showing Full Steps, is a challenging find in excellent condition.
Full Steps refer to the sharply defined horizontal lines on Monticello’s steps, a feature that collectors seek out. A high-grade version of this coin sold for $23,500, which is close to the price of a BMW 3 Series. This example underscores the importance of rare design features in coin collecting.
1954-S Jefferson Nickel (Full Steps) – Sold for $35,250
Similar to other nickels with the Full Steps attribute, the 1954-S Jefferson Nickel is prized for its excellent strike and condition.
Its rarity, combined with the detailed Full Steps, makes it one of the most valuable nickels on the market. One of the best-preserved examples of this coin was sold for $35,250, a price that could buy a luxury SUV. This sale exemplifies how condition and specific design elements elevate a coin’s value dramatically.
1940 Jefferson Nickel (Proof, PR68) – Sold for $18,800
Proof coins, which are specially struck with extra care for collectors, are often more valuable than their standard counterparts. The 1940 Proof Jefferson Nickel graded PR68 is an excellent example of this.
Its high-grade proof quality, which highlights sharp details and a mirror-like finish, contributed to a sale price of $18,800. This sale demonstrates the potential for older, well-preserved proof coins to serve as valuable investments for collectors.
Why Are These Nickels Worth So Much?
Several key factors contribute to the remarkable value of these Jefferson Nickels. Mint errors such as unusual overmintmarks or misaligned strikes create coins that are rare and collectible. The quality of the coin’s strike, particularly with features like Full Steps, adds to its desirability.
Limited production numbers make certain years or types scarcer, increasing demand. Finally, coins in top condition with minimal wear and exceptional eye appeal command higher prices. Though nickels generally hold a face value of five cents, these rare variations prove that even small coins can sometimes match the worth of luxury automobiles.
If you have a coin collection, it’s definitely worth inspecting it carefully, as you might be sitting on a hidden gem—Jefferson Nickels have shown that remarkable value can be found in the most unexpected places.