1938-D 5C Jefferson
The 1938-D Jefferson Nickel represents an early era in U.S. coinage marked by a transition in design and production. As the inaugural year of the Jefferson series, this particular issue marks an important milestone in the history of American numismatics. Minted at the Denver Mint, the 1938-D Nickel holds historical and collectible value for numismatists.
Rarity and Mintage
With a mintage of 5,376,000, the 1938-D Jefferson Nickel is relatively common, especially when compared to other coins from the series. However, its significance lies in being among the first mintages of the Jefferson Nickel, making it a sought-after piece for collectors interested in type sets or the complete Jefferson collection.
Numismatic Overview
From a numismatist's perspective, the 1938-D Jefferson Nickel is much appreciated not only for its historical significance but also for its potential in high-grade conditions. Many examples from this year are found in well-preserved states, providing a fertile ground for collectors searching for high-grade specimens.
Value and Market Performance
The market performance of the 1938-D Jefferson Nickel can vary widely based on condition and grade. According to PCGS CoinFacts, this coin is cataloged under PCGS # 4002. An MS-65 graded piece might be valued around $25, but mint state coins graded MS-67 or higher could fetch significantly higher prices, reflecting the rarity in superb condition. Sales data from multiple auction houses reveal a spectrum of real-world values. For example, well-preserved MS-67 specimens have been known to reach values in the hundreds of dollars in recent auctions. Collectors often seek those coins with full steps details on Monticello, which can command a premium.
Historical Context
The introduction of the Jefferson Nickel in 1938 replaced the Buffalo Nickel, which had been in circulation since 1913. The new design, created by Felix Schlag, featured a portrait of Thomas Jefferson on the obverse and his Virginia home, Monticello, on the reverse. This design remains one of the most enduring in American coinage history.
Collecting Insights
For collectors, obtaining a 1938-D Jefferson Nickel in high grade is a rewarding challenge. Thanks to plentiful original rolls and general circulation, lower-grade specimens are relatively easy to find. The true challenge lies in finding those with Full Steps (often abbreviated FS), indicating that the steps of Monticello are perfectly struck and visible – a coveted attribute that often raises the coin's desirability and value. In conclusion, the 1938-D Jefferson Nickel is a significant collectible in U.S. numismatic history, prized for both its role in the evolution of American coinage and its availability as a collectible coin with potentially high-grade attributes. Its history, production, and ongoing demand make it an attractive piece for seasoned and novice coin collectors alike.
