The 1939-D Jefferson Nickel is a prized possession among numismatists, not only for its historical significance but also for its potential high value.
While standard versions of this coin are valuable, certain rare varieties and error coins can fetch prices up to $200,000. This comprehensive guide will help you identify these exceptional coins in your collection.
Understanding the 1939-D Jefferson Nickel
Minted at the Denver Mint, the 1939-D Jefferson Nickel had a relatively low mintage of 3,514,000 coins, making it the second-lowest mintage in the series, just behind the 1950-D nickel.
This scarcity contributes to its desirability among collectors.
Key Features to Identify the 1939-D Nickel
To determine if your 1939-D nickel is among the highly valuable ones, examine the following characteristics:
Mint Mark: Look for the ‘D’ mint mark on the reverse side, to the right of Monticello.
Reverse Design Variations: There are two reverse designs for the 1939-D nickel:
- Reverse of 1938: Features a more stylized rendition of Monticello with less defined steps.
- Reverse of 1940: Showcases a refined Monticello with well-defined, straight steps.
Full Steps Detail: Coins exhibiting complete, uninterrupted steps on Monticello are designated as “Full Steps” (FS). These coins are exceptionally rare and command premium prices.
Notable Error Varieties
Certain error coins from 1939 can significantly increase the value of your nickel:
- Doubled Die Reverse (DDR): This error features noticeable doubling on the inscriptions “MONTICELLO” and “FIVE CENTS.” The letters appear as if stamped twice, slightly offset from each other.
- Repunched Mint Mark (RPM): Occurs when the ‘D’ mint mark is stamped more than once in misaligned positions, leading to a shadowed or doubled appearance.
Valuation of the 1939-D Jefferson Nickel
The value of a 1939-D nickel varies based on its condition, reverse design, and the presence of errors or Full Steps. Below is a table summarizing the estimated values:
| Coin Type | Grade | Estimated Value (USD) |
|---|---|---|
| 1939-D Reverse of 1938 | MS67 | $3,310 |
| 1939-D Reverse of 1938 Full Steps | MS66 FS | $7,475 |
| 1939-D Reverse of 1940 | MS67 | $1,093 |
| 1939-D Reverse of 1940 Full Steps | MS68 FS | $26,400 |
Note: MS (Mint State) grades range from 60 to 70, with higher numbers indicating better preservation. FS denotes Full Steps.
Steps to Authenticate and Grade Your Coin
- Visual Inspection: Use a magnifying glass to check for mint marks, reverse design details, and any signs of doubling or repunching.
- Professional Grading: For an accurate assessment, consider submitting your coin to a reputable grading service like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
- Consult Price Guides: Regularly updated price guides from PCGS or NGC can provide current market values based on your coin’s grade.
Preserving Your 1939-D Jefferson Nickel
To maintain or potentially increase the value of your coin:
- Proper Storage: Store coins in a cool, dry place using holders that prevent physical contact and environmental exposure.
- Avoid Cleaning: Cleaning can reduce a coin’s value. It’s best to preserve its original patina.
- Handle with Care: Always hold coins by their edges to prevent oils from your skin from affecting the surface.
Identifying a valuable 1939-D Jefferson Nickel requires careful examination of its features, errors, and condition. With the right knowledge and resources, you might discover a coin in your collection worth up to $200,000.
FAQs
What makes the 1939-D Jefferson Nickel so valuable?
Its low mintage, combined with rare varieties like the Reverse of 1940 and error coins such as the Doubled Die Reverse, contribute to its high value.
How can I tell if my 1939-D nickel has the Reverse of 1940 design?
The Reverse of 1940 features a refined Monticello with straight, well-defined steps, whereas the Reverse of 1938 has a more stylized design with less distinct steps.
What are Full Steps, and why do they matter?
Full Steps refer to the complete, uninterrupted lines on Monticello’s steps. Coins with this feature are rare and often fetch higher prices among collectors.
Should I clean my 1939-D nickel to enhance its value?
No, cleaning can damage the coin’s surface and reduce its value. It’s best to preserve its original condition.