The 1939 Jefferson Nickel is one of the most sought-after coins among collectors, especially when it possesses specific rare features or minting errors. While standard 1939 nickels are relatively common and hold modest value, certain variations have fetched up to $350,000 at auctions. If you’re lucky, you might just have one in your pocket change!
$350,000 1939 Jefferson Nickel and 3 Other Coins
| Feature | Details |
|---|---|
| Most Valuable 1939 Nickel | Full Steps version with strong strike |
| Auction Record | $350,000 for a pristine 1939-D Full Steps nickel |
| Rare Error Coins | Doubled die, off-center strikes |
| Other Valuable Coins | 1943-D Bronze Penny, 1950 Quarter with dual mint mark |
| Where to Find Them | Circulation, estate sales, old collections |
The 1939 Jefferson Nickel is a fascinating piece of history with significant value, especially in Full Steps condition. While most 1939 nickels are common, variations like the 1939-D Full Steps Nickel have sold for up to $350,000. Beyond the Jefferson Nickel, rare coins such as the 1943-D Bronze Penny, 1950 Dual Mint Mark Quarter, and 1969-S Doubled Die Penny continue to hold significant worth. By keeping an eye on your change, searching bank rolls, and attending estate sales, you might just stumble upon a hidden treasure!
Why the 1939 Jefferson Nickel is Special
The Jefferson Nickel series began in 1938, replacing the Buffalo Nickel. While most 1939 nickels are common, a few rare variations are highly valuable due to mint errors, strong strikes, and low survival rates in pristine condition.
1. Full Steps Detail: The Most Valuable Variation
On the reverse side of the 1939 Jefferson Nickel, you’ll find a depiction of Monticello, Thomas Jefferson’s historic home. The most valuable versions of this coin have a “Full Steps” designation, meaning that all six steps leading up to Monticello are clearly visible without any breaks or wear.
- Why it matters: A strong strike and minimal circulation wear indicate a high-grade coin, which makes it much rarer.
- Value: A 1939-D Jefferson Nickel with Full Steps in high-grade condition has been known to sell for as much as $350,000 at auctions.
2. Mint Marks and Their Significance
The 1939 Jefferson Nickel was minted at three locations:
- No Mint Mark (Philadelphia): The most common variety. Coins with Full Steps and in pristine condition can be valuable.
- ‘D’ Mint Mark (Denver): Much rarer than the Philadelphia version, especially with Full Steps. This version holds the record for the highest auction sale.
- ‘S’ Mint Mark (San Francisco): Also relatively uncommon, but coins with Full Steps and in excellent condition are highly sought after.
3. Reverse Design Variations
In 1939, the Jefferson Nickel was minted with two different reverse designs:
- Reverse of 1938: Features a slightly less detailed depiction of Monticello.
- Reverse of 1940: Shows a sharper and more refined image of Monticello.
Collectors tend to prefer the Reverse of 1940 design, especially in Full Steps condition.
4. Rare Errors That Increase Value
Certain minting errors can significantly increase a coin’s worth. Here are some valuable errors found on 1939 Jefferson Nickels:
- Doubled Die Error: Caused by the coin being struck twice, leading to an overlapping image. These errors are rare but can fetch thousands of dollars.
- Off-Center Strike: If the coin was not properly aligned during striking, the image can appear shifted, making it a unique and valuable find.
- Die Cracks: Small breaks in the die can create unique raised lines or bumps on the coin, which collectors prize.
Other Valuable Coins to Watch For
Besides the 1939 Jefferson Nickel, here are three more rare coins that might still be in circulation:
1. 1943-D Bronze Penny ($840,000)
During World War II, pennies were made of steel instead of copper due to metal shortages. However, a few bronze pennies were accidentally minted, making them extremely rare.
- Estimated Value: $100,000 – $840,000
- How to Identify: If a 1943 penny sticks to a magnet, it’s made of steel. If it doesn’t, it could be a valuable bronze penny.
2. 1950 Quarter with Dual Mint Marks ($23,000)
A 1950 quarter with both an “S” (San Francisco) and “D” (Denver) mint mark due to a rare minting error sold for $23,000 at auction.
- Estimated Value: Up to $23,000
- How to Identify: Check for overlapping or dual mint marks.
3. 1969-S Doubled Die Penny ($35,000 – $100,000)
A major doubled die error on a 1969-S Lincoln Penny makes it a prized collector’s item.
- Estimated Value: $35,000 – $100,000
- How to Identify: Look for strong doubling on the year and “LIBERTY” text.
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How to Find Rare Coins in Circulation?
If you’re hoping to find a valuable coin in your pocket change, here are some tips:
1. Inspect Your Change Daily
Rare coins occasionally appear in circulation. Always check your change for old or unusual coins, especially nickels, pennies, and quarters.
2. Search Through Coin Rolls
Many collectors buy rolls of nickels and pennies from banks and search them for rare coins. This is a fun and inexpensive way to find hidden gems.
3. Check Estate Sales and Flea Markets
Old coin collections often turn up at estate sales, flea markets, and garage sales. People unknowingly sell valuable coins for face value.
4. Use a Magnet for Quick Tests
A simple magnet test can help identify some rare coins. For example, a real 1943 bronze penny will NOT stick to a magnet, whereas a steel one will.
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FAQs
How can I tell if my 1939 Jefferson Nickel is valuable?
Check for a Full Steps designation, a rare mint mark (D or S), and any visible minting errors. A professional coin grading service can help determine the value.
Where can I sell rare coins?
You can sell them at coin dealers, online auction sites (eBay, Heritage Auctions), or numismatic conventions.
How do I store my valuable coins?
Keep them in airtight coin holders or plastic sleeves to prevent damage.
Are 1939 nickels still found in circulation?
Yes, but it’s rare. Checking coin rolls from banks increases your chances of finding one.
