The 1938 Jefferson Nickel stands as a significant milestone in American numismatic history. Introduced to honor President Thomas Jefferson, this coin not only marked a new era in U.S. currency but also introduced design elements that continue to captivate collectors today.
Introduction to the 1938 Jefferson Nickel
In 1938, the U.S. Mint transitioned from the Buffalo nickel to the Jefferson nickel, featuring a portrait of President Thomas Jefferson on the obverse and an image of his home, Monticello, on the reverse. Designed by Felix Schlag, this coin was minted in Philadelphia, Denver, and San Francisco.
Design and Composition
- Obverse: Features a left-facing portrait of President Thomas Jefferson.
- Reverse: Depicts Monticello, Jefferson’s Virginia home.
- Composition: Made of 75% copper and 25% nickel.
- Diameter: 21.20 mm.
- Weight: 5.00 grams.
Mintage and Varieties
The 1938 Jefferson Nickel was produced in several varieties, distinguished by their mint marks:
| Mint Mark | Mint Location | Mintage |
|---|---|---|
| No Mark | Philadelphia | 19,496,000 |
| D | Denver | 5,376,000 |
| S | San Francisco | 4,105,000 |
Historical Context
The introduction of the Jefferson Nickel coincided with the 200th anniversary of Jefferson’s birth, reflecting a national tribute to his legacy.
The coin’s design was selected through a public competition, with Felix Schlag’s design being chosen for its artistic merit and historical significance.
Collectibility and Value
The value of a 1938 Jefferson Nickel varies based on its condition and rarity:
- Circulated Coins: Typically valued between $1 and $10.
- Uncirculated Coins: Graded MS67 or higher can command prices up to $1,450.
- Proof Coins: With a mintage of 19,365, these are highly sought after, with values starting around $320.
Notable Features
Collectors often seek coins with “Full Steps,” referring to the clear depiction of the steps on the Monticello building. Coins exhibiting this feature are more valuable due to their superior strike quality.
Conclusion
The 1938 Jefferson Nickel is more than just a piece of currency; it is a testament to American history and artistry. Its enduring legacy continues to captivate collectors and historians alike, reflecting the nation’s appreciation for its heritage.
FAQs
What is the significance of the 1938 Jefferson Nickel?
It marked the transition from the Buffalo nickel to the Jefferson nickel, honoring President Thomas Jefferson’s 200th birthday.
How can I determine the value of my 1938 Jefferson Nickel?
Value depends on the coin’s condition, mint mark, and features like “Full Steps.” Consulting a professional coin grader can provide an accurate assessment.
Are there any rare varieties of the 1938 Jefferson Nickel?
Yes, the 1938-S variety is particularly rare due to its low mintage of 4,105,000 coins.
