Jefferson nickels, the five cent coins with Thomas Jefferson’s portrait, have been around since 1938. In 2025, collectors are paying big money for rare ones due to errors, low mintage, or special designs. Some of these nickels are worth thousands, turning pocket change into treasure. Here’s a look at the most valuable Jefferson nickels, why they’re so special, and how to spot one.
A Coin with a Rich History
The Jefferson nickel replaced the Buffalo nickel in 1938, designed by Felix Schlag. It shows Jefferson on the front and his home, Monticello, on the back. During World War II, some nickels were made with a silver alloy to save nickel for the war effort. These “war nickels” from 1942 to 1945 are popular with collectors, especially if they have errors or are in great condition.
Rare Errors That Boost Value
Minting mistakes can make a nickel worth a fortune. The 1939 Doubled Die Obverse nickel, where “LIBERTY” or the date appears doubled, can sell for $500 to $2,000. Another gem is the 1943 P 3 over 2 error, where the “3” was stamped over a “2” in the date. This rare war nickel sold for $14,000 in 2025. The 1949 D over S, where a Denver mint mark was stamped over a San Francisco one, can fetch $1,000 or more.
| Nickel Type | Estimated Value (2025) |
|---|---|
| 1939 Doubled Die | $500 – $2,000 |
| 1943 P 3 over 2 | $2,000 – $14,000 |
| 1949 D over S | $300 – $1,000 |
Wartime Nickels Worth More
War nickels, made from 1942 to 1945, contain 35% silver, making them valuable for their metal alone. But some stand out even more. The 1942 P Silver Nickel, with a big “P” mint mark on the back, is sought after, especially in mint condition, selling for $50 to $500. The 1945 P nickel, if it has a doubled die error, can go for $200 to $1,500. Their silver content and history make them a collector’s favorite.
Low Mintage Nickels to Hunt
Some Jefferson nickels are valuable because few were made. The 1950 D nickel, with only 2.6 million minted, can sell for $100 to $600 in top shape. The 1938 D and 1938 S nickels, with low mintages, are worth $20 to $200 depending on condition. Coins graded by services like PCGS or NGC, especially with a “Full Steps” designation showing clear Monticello steps, fetch higher prices.
How to Spot a Valuable Nickel
Check your nickels for key dates like 1939, 1943, or 1950. Look for mint marks (“D,” “S,” or “P”) above Monticello. Use a magnifying glass to spot doubled letters or numbers. War nickels have a silver shine and a large mint mark on the back. If you find a promising coin, get it appraised by a coin dealer or grading service. Even common Jefferson nickels can be worth $0.10 to $5 if they’re in great shape.
Start Searching for These Coins
Jefferson nickels are more than just five cents they’re pieces of history that can be worth thousands. With errors, silver content, or low mintage, these coins are treasures hiding in plain sight. In 2025, the end of U.S. coin production has made collectors even more eager. Check your change, old jars, or family collections you might find a Jefferson nickel worth big money.