The 1959-D Jefferson Nickel, minted in Denver, may seem like just another coin in circulation, but to coin collectors and numismatists, it holds special value. While around 160 million of these nickels were produced, certain factors like their condition, minting errors, and specific features can make them worth far more than their face value. If you’re a coin enthusiast or just curious about the worth of old coins, this article will help you understand what makes the 1959-D Jefferson Nickel so valuable.
Historical Background of the 1959-D Jefferson Nickel
The Jefferson Nickel series began in 1938, replacing the popular Buffalo Nickel. The coin was designed by artist Felix Schlag and features the profile of President Thomas Jefferson on the front (obverse). On the back (reverse), the coin shows Monticello, Jefferson’s Virginia home. This design has remained a symbol of American history and is still in use today, although it has seen slight modifications over time.
The 1959-D Jefferson Nickel was one of many minted in large quantities in Denver. Around 160 million of these coins were made, so it might not seem particularly rare. However, certain features and conditions can make a 1959-D Jefferson Nickel highly valuable to collectors.
Factors That Influence the Value of a 1959-D Jefferson Nickel
Condition and Grading
The condition of a coin is one of the most important factors in determining its value. Coins are graded on the Sheldon Scale, which ranks coins from Poor (P-1) to Mint State (MS-70). The better condition a coin is in, the more valuable it becomes. Let’s break down how different grades of the 1959-D Jefferson Nickel can influence its value:
- MS-63: This grade represents a coin in choice uncirculated condition. These coins show no signs of wear and only minor marks. The value of a 1959-D Jefferson Nickel at this grade ranges between $10 and $15.
- MS-65: A gem uncirculated coin in this grade will have strong luster and eye appeal. These coins are worth $25 to $40.
- MS-67: The best-quality coins, called superb gem uncirculated, are in exceptional condition and can fetch prices ranging from $150 to $300.
Full Steps Designation
One of the most sought-after features in a Jefferson Nickel is the Full Steps (FS) designation. This refers to the clarity and completeness of the steps on the reverse side, where Monticello is depicted. Coins with Full Steps are rare, especially in higher grades, making them much more valuable.
- MS-65 with Full Steps: These coins can sell for $100 to $150.
- MS-67 with Full Steps: Coins in this grade with Full Steps can be worth $500 to $1,000 due to their exceptional quality and rarity.
Minting Errors
Minting errors can add unique value to any coin. For the 1959-D Jefferson Nickel, common errors include die cracks, double die errors, and off-center strikes. These errors are the result of problems that occurred during the production process and can make a coin much more valuable:
- Die Cracks: These are raised lines caused by a cracked die during the coin’s production.
- Double Die Errors: This occurs when the design is doubled due to a misaligned die.
- Off-Center Strikes: The design is misaligned, causing part of the coin to be cut off or misplaced.
If you find a 1959-D Jefferson Nickel with any of these errors, its value will be much higher than a regular coin. For example:
- An MS-65 coin with a double die error can be worth between $300 and $500.
- An MS-67 coin with the same error might fetch between $2,000 and $4,000.
Preservation and Care
To preserve the value of your 1959-D Jefferson Nickel, you need to handle it with care. Here are some tips to maintain the coin’s condition:
- Handling: Always hold the coin by its edges to avoid getting fingerprints on the surface.
- Storage: Keep the coin in a protective holder or capsule to protect it from exposure to air and moisture, which can cause tarnish or damage.
- Cleaning: Avoid cleaning the coin. While it might seem tempting to clean coins, it can reduce their value. Professional collectors prefer coins that have not been cleaned because cleaning can scratch or damage the coin.
Approximate Values Based on Grade and Features
Here is a quick summary of the value of a 1959-D Jefferson Nickel depending on its grade and additional features:
| Grade | Approximate Value | Full Steps | Error Coins (Double Die) |
|---|---|---|---|
| MS-63 | $10–$15 | N/A | N/A |
| MS-65 | $25–$40 | $100–$150 | $300–$500 |
| MS-67 | $150–$300 | $500–$1,000 | $2,000–$4,000 |
Conclusion
The 1959-D Jefferson Nickel shows how a seemingly common coin can hold significant value depending on its condition and specific features. From Full Steps to minting errors, there are many factors that can make these nickels worth far more than their original face value. For collectors, this coin presents an opportunity to discover rare finds in what might seem like everyday pocket change.
By paying attention to the condition, minting errors, and preservation of the 1959-D Jefferson Nickel, collectors can unlock the hidden value of these coins. So, next time you get a nickel in your change, take a moment to inspect it—you might just have a valuable piece of numismatic history in your pocket.
FAQs
What makes the 1959-D Jefferson Nickel valuable?
The 1959-D Jefferson Nickel can be valuable due to factors such as its condition, presence of Full Steps on the reverse side, and minting errors (like die cracks or double die errors). The better the coin’s condition, the higher its potential value.
How can I tell if my 1959-D Jefferson Nickel is in good condition?
Coins are graded using the Sheldon Scale from P-1 (Poor) to MS-70 (Mint State). A higher-grade coin like MS-65 or MS-67 will be worth more, especially if it has Full Steps or minting errors. To assess condition, check for signs of wear, luster, and clarity.
What does Full Steps mean for a 1959-D Jefferson Nickel?
Full Steps refers to the clarity and completeness of the steps on the reverse side of the coin, showing Monticello. A coin with Full Steps in high grades can significantly increase its value.