1939 5C Reverse of 1940 Jefferson Nickel
The 1939 Jefferson Nickel with the Reverse of 1940 is a fascinating coin that garners significant interest among collectors due to its unique history and rarity. Produced at the Philadelphia Mint, this particular issue's key characteristic is its modified reverse design that includes slight alterations from the original 1938 version. This involves changes to the steps of Monticello, often referred to as "Reverse of 1940."
Mint and Mintage
The Philadelphia Mint produced these nickels in vast quantities, with a total mintage reaching approximately 120,615,000. Despite the high overall mintage, the 1939 Reverse of 1940 is relatively scarce in higher grades, especially those with Full Steps details, which refer to the clearness of the steps on Monticello.
PCGS Data and Value
According to PCGS Coin Facts, the 1939 5C Reverse of 1940 has a PCGS number of 4014. The value of these coins varies significantly based on their condition and the specificity of details such as the Full Steps designation. Coins without the Full Steps can range from just a few dollars in low grades to several hundred dollars in Mint State grades. Conversely, those with Full Steps typically command higher premiums, potentially exceeding several thousand dollars at auction, given their scarcity.
Market Performance
Historical sales have demonstrated the strong appeal and value potential of the 1939 Reverse of 1940 nickel. Notably, auctions have seen high demand for examples in pristine condition and particularly for the elusive Full Steps versions. Record sales include prices that have exceeded multiple thousands for top-graded specimens, reflecting intense collector interest.
Coin Collecting Insight
From a numismatic perspective, the 1939 Reverse of 1940 is particularly cherished for its transitional design feature, marking a significant shift in the U.S. Mint's approach to nickel aesthetics. It serves as a bridge between the artful simplicity of the 1938 release and the standard design that would define subsequent years. Collectors often appreciate this coin not only for its design but also for the historical context of pre-war America, representing a piece of numismatic artistry on the eve of global conflict. The Jefferson Nickel series itself, which began in 1938, pays homage to Thomas Jefferson and includes an enduring portrayal of Monticello, establishing a beloved legacy within U.S. coinage. In conclusion, the 1939 5C Reverse of 1940 remains a captivating choice for collectors seeking historical depth and beauty. Its nuanced differences, rarity in exceptional grades, and the Full Steps allure all contribute to its enduring fascination in the numismatic world. The historical auctions and market demand continue to highlight its desirability and provide a rich tapestry for collecting enthusiasts.
