Pre-War Composition. What This Coin Looks Like (Obverse, Reverse, Mint Mark Location, Special Features, etc.): USA Coin Book Estimated Value of 1940 Jefferson Nickel is Worth $0.15 in Average Condition and can be Worth $1.05 to $10 or more in Uncirculated (MS+) Mint Condition.
What is the value of a nickel coin?
The nickel is one of the most valuable coins minted in terms of its actual intrinsic metal value. At the time this article was written the coin is worth.07 or.08 each. Because of this there is a melt ban in place on nickels to prevent people from buying thousands of dollars worth of these coins, and melting them down for a hefty profit.
What kind of metal was the 1942 Jefferson nickel made out of?
The proof version of the 1942-P Jefferson nickel is distinct from the other early proof coins. During WWII, nickels were briefly struck from an alloy of 35% silver. Other metals had to be rationed as part of the war mobilization.
What kind of nickel was used in World War 2?
It’s been around for so long it’s the only nickel most of us have ever seen in circulation. (1938-2021) With an exception of the War Nickels 1942-1945 (56% copper, 35% silver, and 9% manganese minted during World War II) it has always contained 75% copper and 25% nickel.
When was the first Jefferson nickel coin made?
First minted in 1938; the early years of the Jefferson nickel series are drawing a premium value. Many date and mintmark combination are worth 25 cents or more depending on condition. Follow the steps below; images and descriptions identify how much your coin is worth.
What was the composition of nickel during World War 2?
Approximately halfway through 1942, in an effort to save raw material for the war effort, the composition was changed to 56% copper, 35% silver, and 9% manganese (.05626 t oz ASW). This silver composition continued until the end of 1945.
How many Jefferson nickels are there in the world?
All varieties are valued separately. San Francisco struck the fewest Jefferson nickels of the three mints throughout the early years; 1938 to 1964. A total just over 230 million nickel-copper alloy coins. Low mintages signal to collectors a less available coin and in general values follow with slightly higher premiums.
