Explore the $350,000 1939 Jefferson Nickel and 3 More Coins You Can Find Today

Coin collecting, or numismatics, is a fascinating hobby that combines history, art, and the thrill of discovery. Among the myriad of coins, some stand out due to their rarity and value.

One such coin is the 1939 Jefferson Nickel, which has fetched prices up to $350,000. Let’s delve into the details of this remarkable coin and explore three other valuable coins that you might stumble upon today.

1939 Jefferson Nickel: A Glimpse into History

The Jefferson Nickel, introduced in 1938, features the profile of Thomas Jefferson on the obverse and his home, Monticello, on the reverse.

The 1939 edition is particularly noteworthy due to certain variations that significantly enhance its value.​

Key Variations of the 1939 Jefferson Nickel

Variation	Description
1939 Double Monticello	A rare error where the reverse shows two images of Monticello, increasing its desirability among collectors.
1939 Reverse of 1940	An error where the reverse design resembles that of the 1940 nickel, making it a sought-after specimen.
1939 “Full Steps”	Coins with a well-defined depiction of the steps on Monticello’s portico; higher-grade examples are more valuable.

High-grade versions, especially those with unique errors or features, can command prices up to $350,000 at auctions.​

3 More Valuable Coins to Look Out For

While the 1939 Jefferson Nickel is a gem, there are other coins that, due to their rarity or unique characteristics, are highly valued by collectors.

1. 1893-S Morgan Silver Dollar

The 1893-S Morgan Silver Dollar is renowned for its scarcity. Only 100,000 were minted, making it the lowest mintage in the series. Factors contributing to its rarity include heavy circulation and subsequent melting. Even coins in circulated condition can be valuable, with uncirculated specimens fetching prices over $2 million.​

Key Features:

• Mint Mark: “S” denotes the San Francisco Mint.​
• Design: Obverse features Lady Liberty; reverse depicts an eagle with arrows and olive branch.​
• Composition: 90% silver, 10% copper.​

2. 1913 Liberty Head Nickel

The 1913 Liberty Head Nickel is shrouded in mystery and allure. Only five specimens are known to exist, making it one of the most coveted coins among numismatists. Its value is astronomical, with one example selling for over $3.7 million.​

Key Features:

• Design: Obverse showcases Liberty in a coronet; reverse displays a Roman numeral “V” for five.​
• Minting History: Struck illegally after the official switch to the Buffalo Nickel design in 1913.​

3. 1943 Copper Penny

During World War II, due to a copper shortage, pennies were predominantly minted in steel. However, a few copper pennies were mistakenly produced, making them extremely rare. One such penny sold for $840,000, highlighting its immense value.​

Key Features:

• Composition: Should be steel; copper variants are errors.​
• Appearance: Similar to regular pennies but with a distinct copper hue.​
• Identification: Magnetic attraction confirms steel composition; non-magnetic indicates copper.​

Tips for Identifying Valuable Coins

Finding valuable coins in your change or collection requires keen observation. Here are some tips to help you identify potential treasures:

• Check for Minting Errors: Look for double images, missing letters, or unusual spacing.​
• Examine the Date and Mint Mark: Certain years and mint locations are rarer than others.​
• Assess the Coin’s Condition: Coins in better condition (higher grades) are more valuable.
• Use a Magnifying Glass: This helps in spotting minute details that could indicate errors or unique features.

Embarking on the journey of coin collecting can be both educational and rewarding. While finding coins like the 1939 Jefferson Nickel or the 1893-S Morgan Dollar is rare, the pursuit itself offers a deeper appreciation for history and craftsmanship. Happy hunting!

FAQs

How can I determine the value of a coin I find?

Start by identifying the coin’s type, year, and mint mark. Assess its condition using a grading scale. Consult reputable coin valuation guides or seek an appraisal from a professional numismatist.​

Are coins with minting errors always valuable?

Not all minting errors are valuable. The rarity, type of error, and demand among collectors significantly influence a coin’s value.​

Should I clean coins to improve their appearance?

It’s advisable not to clean coins. Cleaning can scratch and devalue them. If necessary, consult a professional before attempting any cleaning.

Where can I sell valuable coins?

You can sell coins through online auction sites, coin dealers, or at numismatic conventions. Ensure you research and choose reputable platforms or dealers to get fair value.​