1939 5C Reverse of 1940, CAM Jefferson Nickel (Proof)
The 1939 Jefferson Nickel with the "Reverse of 1940" design is a significant numismatic rarity with its own unique attributes. This coin is a part of the Jefferson Nickel series first introduced in 1938 and designed by Felix Schlag. The 1939 issue is particularly interesting due to a minor design change made mid-year on the reverse side. ### Overview and Design Initially, the coins struck in 1939 featured the same reverse design used in 1938. This included the depiction of Monticello, but with weaker detail around the building's steps and other design features. However, later in 1939, a subtle design improvement was implemented, aligning with the reverse that would become standard from 1940. This new variation improved upon the design details, including sharper steps and bolder lettering.
Rarity and Mintage
The 1939 Jefferson Nickel with the "Reverse of 1940" is particularly rare, especially in the Proof version with a Cameo finish. From a mintage perspective, the 1939 proof nickels were produced at the Philadelphia Mint, with a total mintage of 12,535 across all varieties. However, coins with the Reverse of 1940 are less common, and those with the coveted Cameo contrast are extremely scarce. This low mintage and the distinct design change contribute significantly to its rarity and collectibility.
Value and Market Performance
These coins have historically commanded premium prices at auctions, especially when graded by professional services like PCGS (Professional Coin Grading Service) with high marks. Prices can vary significantly based on the condition, with examples graded as PR66 or higher with a CAM designation fetching thousands of dollars. - **Auction Records:** A PR67 CAM example of this coin achieved remarkable sale prices in major auctions, reflecting collectors' willingness to pay top dollar for pieces in superior condition. Recent sales of PR67 or higher have been recorded for several thousand dollars, demonstrating the coin’s significant market demand.
Historical Significance
From a numismatist's perspective, the 1939 Reverse of 1940 nickel is a striking example of mid-series design evolution, offering insights into changes in mint procedures and artistic standards from the era. Collectors and historians alike appreciate this coin for its historical context and artistic craftsmanship.
Coin Information
Mint Location: Philadelphia
Mintage: 12,535 (total Proof mintage for the year across all varieties)
PCGS Number: 38532
The 1939 5C Reverse of 1940 Cameo Proof is a prime example of how design changes can elevate a coin's desirability and value amongst collectors. Its nuanced design differences and rarity make it a treasured piece for those specializing in Jefferson Nickels. With its scarcity and the allure of owning a piece marked by both historic and artistic shifts, it remains a cornerstone for serious numismatists.
