Early Jefferson Nickel Values 1938 - 1964

How Much Is My Jefferson Nickel Worth?

United States Jefferson Nickel (1938-2003). Image Courtesy of: Heritage Auction Galleries, Ha.com

This coin value guide will tell you how much your Jefferson nickel minted between 1938 and 1964 (see also: Later Date Jefferson Nickel Prices & Values 1965 - Present) are worth.  The table below provides average coin values based upon the condition or grade of the coin. 

Market For Jefferson Nickels

Jefferson nickels are still being made at the U.S. Mint and are actively used in commerce. Therefore, most circulated specimens are worth only face value, but there are a few that are worth a little more.

 If you want to get top dollar for your Jefferson nickels, you need to sort them and organize them so the dealer can quickly see what you have.

Key Dates, Rarities and Varieties

The following Jefferson nickels in any condition, are worth more than common ones.  Therefore, look at the coin carefully or have the coin authenticated by a reputable coin dealer or third party grading service.

  • 1939-D
  • 1942 to 1945 - Wartime Silver Alloy
    Note: If the mint mark on the reverse is above the building (see the "Mint Mark Location" photo below), the coin contains 35% silver or about 0.0563 troy ounces of pure silver.
  • 1943 P 3/2 - Doubled Die Obverse
  • 1949 D D/S - Re-punched Mint Mark (or RPM)
  • 1950 D
  • 1954 S S/D - RPM
  • 1955 D D/S - RPM

Condition or Grade Examples

If your coin is worn and looks similar to the one illustrated in the link below, it is considered a circulated coin.

    If your coin looks similar to the one illustrated in the link below and has no evidence of wear due to being in circulation, it is considered an uncirculated coin.

    Mint Marks

    As illustrated in the photo in the link below, the mint mark is located on the reverse  of the coin, right side next to Monticello for coins dated 1938 to 1942 and 1946 to 1964: Philadelphia (no mint mark), Denver (D) and San Francisco (S).

      Beginning in 1942 and lasting until 1945, the Mint used an alloy of 35% silver and made the mint mark larger and moved above Monticello. During this time coins minted in Philadelphia had a "P" for a mint mark, while coins minted in Denver and San Francisco continued to use a "D" and "S" respectively.

    Average Prices and Values

    The following table lists the buy price (what you can expect to pay to a dealer to purchase a Jefferson nickel) and sell value (what you can expect a dealer to pay you if you sell the coin). The first column lists the date and mint mark (see the photo links above) followed by the buy price and the sell value for an average circulated Jefferson nickel.  The next two columns list the buy price and the sell value for an average uncirculated. These are approximate retail prices and wholesale values. The actual offer you receive from a particular coin dealer will vary depending on the actual grade of the coin and a number of other factors that determine its worth.

    Date & MintCirculated Uncirculated
    BuySell BuySell
    1938$0.31$0.15 $4.90$3.60
    1938-D$0.91$0.48 $5.60$4.00
    1938-S$1.30$0.70 $5.60$4.00
    1939$0.13F.V. $3.20$2.20
    1939-D$3.00$1.40 $55.00$40.00
    1939-S$0.64$0.33 $18.00$13.00
    1940$0.06F.V. $2.50$1.70
    1940-D$0.12F.V. $3.70$2.50
    1940-S$0.12F.V. $4.70$3.40
    1941$0.07F.V. $2.40$1.70
    1941-D$0.10F.V. $4.50$3.20
    1941-S$0.10F.V. $4.80$3.40
    1942$0.09F.V. $5.20$3.70
    War Time Silver Alloy (40% silver)
    1942-P TII$0.98$0.49 $6.90$5.00
    1942-D$0.30$0.15 $19.00$13.00
    1942-S$0.93$0.48 $6.10$4.40
    1943-P$0.94$0.45 $4.70$3.30
    1943-P 3 over 2$32.00$16.00 $300.00$210.00
    1943-D$1.00$0.50 $4.20$3.00
    1943-S$0.99$0.50 $4.40$3.20
    1944-P$0.99$0.49 $5.50$4.00
    1944-D$0.95$0.49 $7.00$4.70
    1944-S$1.00$0.50 $6.00$4.00
    1945-P$0.92$0.46 $4.80$3.50
    1945-D$0.96$0.49 $4.90$3.30
    1945-S$1.00$0.50 $4.30$2.90
    Resume Copper Nickel Alloy
    Date & MintCirculated Uncirculated
    BuySell BuySell
    1946$0.06F.V. $1.70$1.20
    1946-D$0.08F.V. $1.70$1.20
    1946-S$0.11F.V. $1.70$1.20
    1947$0.07F.V. $1.30$0.90
    1947-D$0.08F.V. $2.90$1.90
    1947-S$0.09F.V. $3.00$2.20
    1948$0.07F.V. $1.30$0.90
    1948-D$0.10F.V. $2.30$1.60
    1948-S$0.11F.V. $2.70$1.80
    1949$0.11F.V. $1.90$1.40
    1949-D$0.09F.V. $1.90$1.30
    1949-D D over S$28.00$13.00 $190.00$120.00
    1949-S$0.30$0.15 $2.20$1.50
    1950$0.14F.V. $1.70$1.10
    1950-D$6.00$2.90 $12.30$8.30
    1951$0.09F.V. $2.80$1.90
    1951-D$0.12F.V. $3.30$2.30
    1951-S$0.17F.V. $3.70$2.50
    1952$0.07F.V. $2.80$1.90
    1952-D$0.09F.V. $4.00$2.70
    1952-S$0.08F.V. $2.00$1.40
    1953$0.06F.V. $1.30$0.90
    1953-D$0.08F.V. $1.30$0.90
    1953-S$0.09F.V. $1.50$1.00
    1954$0.07F.V. $1.20$0.90
    1954-D$0.06F.V. $0.95$0.64
    1954-S$0.06F.V. $2.20$1.60
    1954-S S over D$4.90$2.50 $41.00$28.00
    Date & MintCirculated Uncirculated
    BuySell BuySell
    1955$0.18F.V. $1.00$0.70
    1955-D$0.05F.V. $0.87$0.59
    1955-D D over S$5.50$2.90 $48.00$33.00
    1956$0.06F.V. $0.89F.V.
    1956-D$0.06F.V. $0.93F.V.
    1957$0.05F.V. $0.73F.V.
    1957-D$0.06F.V. $0.70F.V.
    1958$0.05F.V. $0.93F.V.
    1958-D$0.05F.V. $0.72F.V.
    1959$0.06F.V. $0.39F.V.
    1959-D$0.06F.V. $0.38F.V.
    1960$0.06F.V. $0.36F.V.
    1960-D$0.06F.V. $0.37F.V.
    1961$0.06F.V. $0.39F.V.
    1961-D$0.06F.V. $0.38F.V.
    1962$0.06F.V. $0.36F.V.
    1962-D$0.06F.V. $0.35F.V.
    1963$0.06F.V. $0.36F.V.
    1963-D$0.05F.V. $0.36F.V.
    1964$0.06F.V. $0.38F.V.
    1964-D$0.06F.V. $0.38F.V.
    Date-Mint Set

    Total Coins: 71
    $30.00$13.50 $270.00$175.00
    Date Set

    Total Coins: 27
    $10.00$3.00 $50.00$40.00

    *= See the section above "Key Dates, Rarities and Varieties" for more information on these coins.
    F.V. = Face Value ;

    Notification of Disclaimer