1939 5C Reverse of 1938 Jefferson Nickel
The 1939 5C Reverse of 1938 (Regular Strike) Jefferson Nickel is a particularly intriguing issue for collectors and numismatists due to its distinct reverse design features, mint history, and rarity. Struck by the Philadelphia Mint, this coin features the original reverse design first introduced in 1938, characterized by closely spaced steps at the base of Monticello. This distinction is particularly notable because the reverse design was subtly modified in 1939, making the Reverse of 1938 a key identification point for collectors. In terms of mintage, the 1939 Jefferson Nickel saw a substantial production with 120,615,000 coins minted in Philadelphia.
This ample mintage might suggest commonality; however, the Reverse of 1938 variant is considerably scarcer. Collectors often encounter difficulty locating these coins in higher grades, particularly those with full step details or those that have not suffered substantial wear. From the perspective of PCGS (Professional Coin Grading Service), this coin carries the PCGS #4003. Numismatists acknowledge that finding well-preserved examples is challenging. Coins that are graded MS65 and above, especially those with Full Steps designation, can command premiums in the numismatic market owing to their scarcity in such conditions.
The value of the 1939 5C Reverse of 1938 varies significantly based on condition and grade. Poorer grades might only fetch modest sums, reflecting their commonality in circulated conditions. Uncirculated coins, however, particularly those with sharp strikes and full steps (five full lines on Monticello), see significantly higher prices at auctions. For instance, prices can reach several hundred to thousands of dollars based on grade and specific market conditions at the time of sale. Recent auction results underline this variability. For example, coins that achieve high MS grades with the coveted Full Steps designation have attained remarkable sums. Instances of MS66 FS specimens have seen sales around and above the $500 mark, while MS67 FS examples have reached upwards of $2,000 at major auction houses.
The 1939 Jefferson Nickel Reverse of 1938 forms a pivotal component of the early Jefferson series, blending historical and numismatic appeal. Collectors are drawn to its unique design and historical context as part of the initial years of a series that has seen lengthy continued production. Collecting these coins often involves an appreciation of both aesthetic and historical components, showcasing America's numismatic artistry and changing design philosophies during the late 1930s. In conclusion, the 1939 5C Reverse of 1938 (Regular Strike) stands out due to its distinctive reverse, significant market interest in higher grades, and its role within the broader Jefferson Nickel series. Understanding its nuances provides insight into not only numismatic intricacies but also the evolving narrative of American coinage.
