The 1959-D Jefferson Nickel might seem like just another coin, but its unique story, rare features, and rising prices make it a collector’s dream. Even though nearly 160 million of these coins were minted, certain factors make some of them worth hundreds or even thousands of dollars. Let’s explore what makes this nickel special and valuable for collectors.
Historical Background
The Jefferson Nickel series began in 1938, replacing the Buffalo Nickel. Designed by Felix Schlag, it features:
- Front (Obverse): A portrait of Thomas Jefferson.
- Back (Reverse): Monticello, Jefferson’s famous estate in Virginia.
The 1959-D Jefferson Nickel, produced by the Denver Mint, is part of this iconic series. While it was common in circulation, specific versions with unique features have become highly desirable.
Value of the 1959-D Jefferson Nickel
Here’s a breakdown of the coin’s approximate value based on its condition and features:
| Grade | Approximate Value | Full Steps Value | Error Coin Value |
|---|---|---|---|
| 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 |
Coins graded MS-67 or higher with Full Steps are rare and can sell for a premium due to their quality and scarcity.
Why Is the 1959-D Jefferson Nickel Valuable?
1. Condition and Grading
Coins are graded on the Sheldon Scale, from Poor (P-1) to Mint State (MS-70).
- MS-66 and MS-67 Grades: Coins in these grades have sharp details and flawless surfaces, making them especially valuable.
2. Minting Errors
Errors during production can significantly increase a coin’s value. Common errors for this nickel include:
- Cracked Die: Raised lines caused by damaged dies.
- Double Die Error: Doubling in design elements or text.
- Off-Center Strike: A misaligned strike that leaves part of the design incomplete.
These errors can fetch anywhere from hundreds to thousands of dollars, depending on their grade.
3. Full Steps Designation
The Full Steps designation is a rare feature collectors look for.
- Monticello Steps: If the steps on Monticello are fully visible and unbroken, the coin qualifies for this designation, boosting its value.
Why the 1959-D Jefferson Nickel Matters
The 1959-D Jefferson Nickel combines historical significance, rare errors, and the elusive Full Steps designation. Whether you’re an experienced collector or a beginner, this coin could be the hidden gem in your collection. Take a closer look—you might have a treasure worth hundreds or even thousands of dollars!
Conclusion
The 1959-D Jefferson Nickel may not seem extraordinary at first glance, but its history and unique features make it a fascinating and potentially valuable coin. High-grade examples, minting errors, and Full Steps coins can fetch impressive prices. If you have one, consider having it graded—you might uncover a rare treasure!
FAQ’s
What makes the 1959-D Jefferson Nickel valuable?
Its value lies in factors like minting errors, Full Steps designation, and high-grade conditions that are rare and sought after by collectors.
How much is a 1959-D Jefferson Nickel worth?
The value ranges from $10 to over $4,000, depending on its grade, condition, and unique features like Full Steps or errors.
What should I look for in a 1959-D Jefferson Nickel?
Check for Full Steps on Monticello, minting errors (like double dies or cracked dies), and ensure the coin is in excellent condition.