Jefferson nickel observations

Discussion in 'US Coins Forum' started by bugo, Jan 4, 2014.

  1. bugo

    bugo Well-Known Member

    As you may or may not know, I work in a convenience store and I see a lot of change, including nickels. I collect every 1960 and older nickel that I find. I've noticed a few things.

    Nickels from the late '90s on look very different than '70s and older coins. Is this because the newer coins are weakly struck?

    1964 nickels are the bane of my existence. Often I'll see a nickel and think "40s nickel!" and it will end up being a '64. I find more '64 nickels than pretty much every other year.

    1938 Jefferson nickels and 1950 nickels are scarce in circulation. Low mintage and hoarding are the likely culprits.

    Old circulated nickels, especially from before 1950, have a lovely patina. I can often tell a '40s nickel by just looking at the reverse. Was the metal content changed ever so slightly?

    I love collecting Jefferson nickels. They are underrated and overlooked and prewar specimens are easilly found in circulation.

    What have you noticed about early Jefferson nickels?
     
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  3. Endeavor

    Endeavor Well-Known Member

    Definitely an under-appreciated coin. I've always liked nickels myself. It's a unique coin in that it's very think in proportion to its diameter. This makes the coin feel solid (at least to me). I also prefer its smooth edge over reed edged coins. If you like toning (not a huge fan of it although I've come to like it more with time), the nickel seems to look best toned. Lastly, it has a lot of potential in composition value exceeding face value in the near future. That alone should be an attractive quality.
     
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  4. bugo

    bugo Well-Known Member

    I love pre-Jefferson nickels as well. The buffalo nickel is funky but unfortunately doesn't age well. The V nickel is a classic, and the reverse of the shield nickel is one of my favorite reverses of all time.
     
  5. ldhair

    ldhair Clean Supporter

    I have been saving 1938 and 39 for many years. not much value but it's fun.
     
  6. bugo

    bugo Well-Known Member

    I haven't found a '38 but I've found several '39s. I collect nickels up to and including 1960s.
     
  7. kaosleeroy108

    kaosleeroy108 The Mahayana Tea Shop & hobby center

    I like lincolns and jeffs but don't have money for certified sets
     
  8. GDJMSP

    GDJMSP Numismatist Moderator

    Pretty much all Jeffs are weakly struck, but there are few exceptions. As to your question, it helps if you have a basic understanding of the design changes that have occurred over the years. From Mike Locke -

    1938 Jefferson, recessed top step, small obverse star
    Steps are most noticeably different at the ends. Later hub has the
    center 4 steps "in a box" and not touching anything.

    1939-1956,1959-1965 Jefferson, no initials, box around steps, larger star
    1939 exists with the reverse of 1938. 1940-D comes well struck in this
    date range.
    ?? It is not clear if the hub of 1959 is the same or different than the
    hub of 1939? They sure look the same.

    1942-1945 As above, silver alloy
    Another planchet variety.

    1957-1958 Large star on obverse
    1966 Jefferson, initials added (obv next, rev previous)
    Very tough to find really nice and fully struck. Possibly the most
    expensive nickel in this set with full strike (Ramapaugh estimated
    $200 for a five stepper=not quite fully struck)

    1967-1970 Jefferson, Door, window lines and porch strengthened
    1971-1972 Reverse revised, tops of doors & windows angled, top step thinned
    1971 come well struck
    1972-1976 (not 1972 prf) Obverse revised, adams apple reshaped
    1977-1981 Obv and rev revised, hair and doors strengthened
    1982-1989 Obv & rev revised, letters thinner, details sharper



    There have been subsequent changes since then.
     
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  9. dallas101

    dallas101 New Collector

    I have been saving old Jefferson Nickels my self. I'm not sure if they have changed the metal content but the older ones, 40s & 50s, feel more silvery, or heavy, maybe? They just feel different. This is my little Old Jefferson Stash Jefferson Nickles.jpg
     
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