1962-D 5C Jefferson Nickel
The 1962-D Jefferson Nickel is an intriguing coin for collectors due to its usability and the historical context of the early 1960s. Minted in Denver, this coin is an integral part of the Jefferson Nickel series, which began in 1938. The coin's details include a composition of 75% copper and 25% nickel, with a diameter of 21.2 mm and a weight of 5 grams. The 1962-D nickel belongs to the pre-1965 coins, which were struck before the composition shift to clad coinage in some other denominations.
Mintage and Production
The 1962-D Jefferson Nickel saw a mintage of approximately 280,195,720, making it a common coin from a production volume standpoint. Bearing the “D” mintmark located on the reverse side, right of Monticello, the coin was produced in the Denver Mint. The PCGS coin number for the 1962-D Jefferson Nickel is 4072.
Rarity and Collectibility
Despite its high mintage, the coin's rarity can be subjectively assessed based on its condition and grade. In higher grades, particularly those with Full Steps detail, the coin becomes significantly more valuable and difficult to find. The “Full Steps” designation refers to the clarity of Monticello's steps on the reverse side, which is a coveted feature among collectors. This detail often wears quickly, making fully struck examples more desirable.
Value and Market Performance
The 1962-D Jefferson Nickel is relatively affordable in circulated grades, often trading for a small premium above face value. However, in higher Mint State (MS) grades with Full Steps designation, prices can escalate significantly. Coins graded MS66 and above might sell for several hundred dollars. Additionally, the appearance of such coins in recent auctions, often sans notable wear or contact marks, subtly drives their premium. For instance, sales data have indicated that a 1962-D nickel in MS66 condition with Full Steps can fetch figures well into higher ranges, exemplified by auction performance on premier platforms. While exact sales fluctuate, a key sale might see this denomination achieving remarkable premiums due to condition scarcity.
Historical Context
From a historical perspective, the 1962-D Jefferson Nickel emerged at a time when America was prospering economically but was also entrenched in Cold War tensions. This era was before the coinage changes of 1965, which marked the end of damascene complexities in multiple U.S. coins. Its minting reflects technological advances of the era at the Denver Mint, achieving cleaner strikes over expansive production runs. The coin's continued popularity is largely due to its connection to President Thomas Jefferson, the simplicity of its design by Felix Schlag, and its indication of a historical period marked by significant sociopolitical change and cultural evolution. In conclusion, while the 1962-D Jefferson Nickel is generally abundant, its allure among numismatists is heightened by quality, with premier examples commanding solid interest, making it a staple yet intriguing piece in coin collecting circles.
