The Jefferson Silver Nickel, also known as the Wartime Nickel, was struck by the United States Mint from 1942-1945 from a composition of 35% silver. As struck, each coin contained .05626 ounces of the precious metal.
What Nickels Are Silver
The coins actually first appeared in 1938, but at that time were produced from a cupro-nickel composition. The design on the coins was taken from the work of Felix Schlag who won a competition against hundreds of other artists. His portrait of Jefferson was based on a marble bust of the third President of the United States by Jean-Antoine Houdon.
The standard composition of the 5-cent piece continued until 1942 when a critical shortage of the metal nickel (owing to World War II) forced the United States Mint to change the composition of the strikes to instead contain 56% copper, 35% silver and 9% manganese, thus resulting in 'wartime' Jefferson Silver Nickel.
1943-P Nickel 1943-P Nickel: 3 Over 2 1943-P Nickel: Doubled Eye 1943-D Nickel 1943-S Nickel View Entire Jefferson Nickel Coin List Even More Jefferson Nickel Years/Mints/Varieties 1942-S Nickel 1942-P Nickel 1942-D Nickel: D Over Horizontal D 1942-D Nickel 1942 Nickel 1944-P Nickel 1944-D Nickel 1944-S Nickel 1945-P Nickel 1945-P Nickel. The CoinTrackers.com crew has compiled an awesome list we've dubbed 25 Most Valuable Nickels, and the page details the most valuable nickels minted in the United States from the late 1800's to the early 2000's. (Updated 2021) The values are descending so the most valuable are at the top. (so its a count up and not a countdown). Roosevelt and Mercury Dimes, Washington Quarters, and Walking Liberty Franklin and Kennedy Half-Dollars minted in 1964 and earlier are 90% silver. The value of most circulated coins minted in the 1920′s through 1964 is primarily from their silver content. Remember, this is for the most common material.
Silver $26.97 (+0.60) 02-05 4:59 PM EST PCGS3000 ® The PCGS3000 ® reflects the opinions of PCGS’s coin price experts with respect to indexes developed by PCGS for specific coin categories. About 10 months into the U.S. Involvement in World War II that begin in December 1941 after the Pearl Harbor attack, the United States Mint began producing silver nickels. These coins were made of.
To differentiate these coins from the standard composition releases, the United States Mint included a large mintmark above the image of Monticello on the reverse. It also pressed a ‘P’ mintmark for those produced at the US Mint’s facility in Philadelphia, the only time the ‘P’ was used on a circulating coin until 1980.
Silver continued to be used in the coins through 1945 when the end of the war alleviated metal shortages and the US Mint returned to their pre-war standard composition.
The obverse of the 5-cent piece contains a portrait of the third President of the United States, and a founding father of the country, Thomas Jefferson. The portrait was completed by Felix Schlag with the inscriptions of IN GOD WE TRUST, LIBERTY and the year surrounding it.
For the obverse, an image of Jefferson’s home known as Monticello is shown. It was also completed by Felix Schlag and included the inscriptions of UNITED STATES OF AMERICA, E PLURIBUS UNUM, FIVE CENTS and MONTICELLO. The Wartime Nickels also included a large mintmark above Monticello.
The Jefferson Nickel has been produced each year from 1938 to present. Coins were struck for circulation at the Philadelphia, Denver, and San Francisco Mints and mintages have varied widely. In total, more than 50 billion Jefferson Nickels have been produced.
The lowest mintage circulating coin is the 1950-D Jefferson Nickel, which is generally considered to be the key date issue at only 2,630,030 pieces. The recently issued 2009 Jefferson Nickels have also generated attention since the mintage levels represent an incredible drop from contemporary levels, which are typically in the hundreds of millions.
The highest mintage for the series, at more than 1.7 billion coins, occurred with the 1964-D nickel.
Since the Jefferson Nickel used the same design for almost seven decades, and with the exception of silver war nickels contain no silver content, older date coins show up periodically in circulation. Beginning collectors will often focus on searching bank rolls as an affordable and fun way to start assembling a collection of older coins.
Although no significant rarities exist for the series on the basis of mintage, there are many notable conditional rarities for the series, particularly for those pursuing collections of Full Steps Jefferson Nickels.
Jefferson Silver Nickel Years
Jefferson Nickel Mintages
Silver Nickel Years 1941
|2004-P Peace Medal||361,440,000|
|2004-D Peace Medal||372,000,000|