Collectibles
Up to $140,000 in total for these 5 rare Jefferson 5-cent coins
Because of their rarity, some coins can command a price that far exceeds their face value. Such is the case with these Jefferson 5-cent coins.
Millions of coins circulate in the United States everyday. While most are exchanged at face value, some of them can fetch huge amounts thanks to coin collectors who are constantly on the lookout for true rarities and are willing to pay a small fortune for them.
Among the most sought-after specimens by coin enthusiasts are the Jefferson nickels. According to the American Bullion archive, the five-cent coins were created in 1866. At that time, they were known as “shield coins”.
These coins later evolved into Buffalo nickels or Indian Heads, which later became what we now know as Jefferson nickels. After World War II (1942-45), coins were no longer made from nickel but instead were made from silver and magnesium to save material that could be used for the war.
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Up to $140,000 in total for these 5 rare Jefferson pennies
Because of all these factors, there are several Jefferson coins still in circulation that can be worth hundreds or thousands of dollars, depending on their rarity and current condition.
According to an article from RPP, here are some examples:
- Jefferson 1938-D: The most expensive sold for $33,600 in 2022. It has a unique detail of the Monticello steps on the reverse.
- Jefferson 1964: The most expensive sold for $32,900 in 2016. Only 20 to 50 examples exist.
- Jefferson 1940-1938: The most expensive sold for $33,600 in 2022. It has a unique detail of the Monticello steps on the reverse. for $28,750 in 2011. It has minting errors.
- Jefferson 1939-1940: The most expensive one sold for $23,500 in 2014. It has errors on the reverse that combine data from 1940 with 1939.
- Jefferson 1962: The most expensive one sold for $21,150 in 2013. It is characterized by wear problems in the dies used at the time of minting.
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All together, these five coins are worth a total of approximately $140,000 at auction. If you think you have one of these coins, contact a professional who can evaluate your coin to determine its true market price and avoid being scammed.
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