The 1940 Jefferson Nickel is a fascinating coin that is loved by collectors. It is part of the long-running Jefferson Nickel series, which started in 1938 and continues today. The 1940 issue was minted in large numbers, making it a popular choice for both beginners and seasoned collectors. This guide will explore its history, design, mint marks, and value, helping you understand why this coin holds a special place in American numismatics.
History of the 1940 Jefferson Nickel
The Jefferson Nickel was introduced in 1938 to replace the Buffalo Nickel. Designed by Felix Schlag, this coin features a portrait of Thomas Jefferson on the obverse and Monticello, Jefferson’s Virginia home, on the reverse. The 1940 nickel was minted just before the United States entered World War II, adding a layer of historical significance.
Mint Marks and Mintage
The 1940 Jefferson Nickel was produced at three U.S. Mint locations: Philadelphia, Denver, and San Francisco.
- Philadelphia (No Mint Mark): Over 176 million coins were struck at this mint.
- Denver (D Mint Mark): Approximately 43.5 million coins were minted here.
- San Francisco (S Mint Mark): Around 39.7 million coins came from this mint, making it the scarcest of the three.
Look for the mint mark on the reverse of the coin, to the right of Monticello, to determine where it was made.
| Topic | Details |
|---|---|
| What is the 1940 Jefferson Nickel? | A 5-cent coin featuring Thomas Jefferson on the front and Monticello on the back; part of the Jefferson Nickel series. |
| Mint Mark Location | Found on the reverse, to the right of Monticello. Philadelphia has no mint mark; Denver uses “D,” and San Francisco uses “S.” |
| Rarity | Common overall, but San Francisco (“S”) mint coins and those with “full steps” are more valuable. |
| Full Steps Definition | Refers to clear, complete detailing of Monticello’s steps on the reverse, increasing a coin’s value. |
| Value of 1940 Jefferson Nickel | – Circulated: 10–50 cents. – Uncirculated: $3–$10. – Full Steps: Up to $50 or more. |
| Care and Storage | Handle with gloves, store in protective holders or albums to prevent scratches and tarnishing. |
| Historical Importance | Minted just before World War II, featuring a timeless design by Felix Schlag. |
| Finding in Circulation | Rare in circulation today but may appear in coin rolls or collections. |
| Error Coins | Includes off-center strikes, die cracks, or double dies, which can significantly increase value. |
| Suitability for Beginners | Affordable, widely available, and rich in history, making it ideal for new coin collectors. |
Design Features
- Obverse (Front): Features a profile of Thomas Jefferson, designed by Felix Schlag.
- Reverse (Back): Showcases Monticello, Jefferson’s home, along with the phrases “E Pluribus Unum,” “United States of America,” and the coin’s denomination, “Five Cents.”
The 1940 Jefferson Nickel remains admired for its classic design, which has stood the test of time.
1940 Jefferson Nickel Value
The value of a 1940 Jefferson Nickel depends on its condition and mint mark. Here is a general breakdown:
- Circulated Coins: These are common and worth 10 to 50 cents.
- Uncirculated Coins: Coins in mint condition can be worth $3 to $10.
- Rare Varieties: Look for coins with full steps on Monticello, which indicates sharp detail and can be worth significantly more, up to $50 or higher.
Certified coins from reputable grading services can command premium prices, especially those in high grades like MS-65 or higher.
FAQs
What is the 1940 Jefferson Nickel?
The 1940 Jefferson Nickel is a 5-cent coin featuring Thomas Jefferson on the front and his home, Monticello, on the back. It’s part of the Jefferson Nickel series that started in 1938.
How can I identify the mint mark on a 1940 Jefferson Nickel?
The mint mark is located on the reverse of the coin, to the right of Monticello. Coins from Philadelphia have no mint mark, while Denver coins have a “D,” and San Francisco coins have an “S.”
Are 1940 Jefferson Nickels rare?
While most 1940 Jefferson Nickels are not rare due to high mintage, coins from San Francisco (“S” mint mark) and those in mint condition with “full steps” on Monticello are considered valuable.
What does “full steps” mean on a Jefferson Nickel?
“Full steps” refer to the sharp, complete detailing of Monticello’s steps on the reverse. Coins with this feature are rare and can be worth significantly more.
What is the value of a 1940 Jefferson Nickel?
Circulated coins: 10 to 50 cents.
Uncirculated coins: $3 to $10, depending on condition.
Full steps coins: Up to $50 or more, based on quality.
The 1940 Jefferson Nickel is a fantastic addition to any collection. Its rich history, elegant design, and affordable price make it an accessible yet rewarding coin for all levels of collectors. Whether you’re a beginner or an experienced numismatist, this coin offers a unique glimpse into American history. Start exploring today, and you may uncover a gem hidden in plain sight!
