Coin collecting, or numismatics, is a mix of the thrilling realms of history, art, and scarce discoveries. Most coins are special due to their scarcity and high value in the marketplace. Among these special coins is the 1939 Jefferson Nickel, which sold as high as $350,000 at auction. Let us know the history behind this wonderful coin and discover three other precious coins that are still available today.
1939 Jefferson Nickel: A Priceless Piece of History
In 1938, the Jefferson Nickel was introduced with the portrait of Thomas Jefferson on the front side and a picture of his renowned mansion, Monticello, on the reverse. However, the 1939 edition was highly valuable due to several reasons.
Major Types of 1939 Jefferson Nickel
| Types | Description |
|---|---|
| 1939 Double Monticello | The back of this coin depicts a double version of Monticello, thereby making it a rare and costly coin. |
| 1939 ‘Reverse of 1940’ | The design on the reverse of this particular version is reminiscent of the reverse of the 1940 nickel, hence also very collectible. |
| 1939 ‘Full Steps’ | Coins with full relief of Monticello’s steps are really expensive. |
If a coin is of high grade and possesses such characteristics, then its value is up to $350,000.
3 Other Rare and Valuable Coins
Besides the 1939 Jefferson nickel, numerous other coins are sold for extremely high sums due to their distinct characteristics and scarcity.
1. 1893-S Morgan Silver Dollar
The 1893-S Morgan Silver Dollar is one of the most rare coins in American history. Only 100,000 coins were made, with most never being circulated or mistakenly melted down, contributing to its scarcity.
➡ Key Features:
- Mint Mark: “S” (San Francisco Mint)
- Design: Lady Liberty on the obverse and an eagle grasping an arrow and olive branch on the reverse.
- Composition: 90% silver and 10% copper.
When in good condition, this coin is worth over $2 million.
2. 1913 Liberty Head Nickel
The 1913 Liberty Head Nickel is one of the most elusive coins in history because there are only 5 copies of it. Because it is so rare, it is one of the world’s most sought-after coins.
➡ Key Features:
- Design: A crowned Lady Liberty on the front and a “V” (Roman numeral for 5) on the back.
- Minting History: This coin was accidentally minted in 1913, after it had officially ceased being minted.
One of its coins has already sold for $3.7 million at auction!
3. 1943 Copper Penny
In World War II, the US Mint produced the majority of the 1943 pennies in steel to conserve copper. But some coins were minted accidentally in copper, which are extremely rare.
➡ Key Features:
- Composition: Although the majority of 1943 pennies were steel, any copper coin is a minting error.
- Identification: The coin is copper colored as usual coins and is not magnetic, in contrast to steel coins.
One of these coins has already sold for $840,000 at auction!
How to Identify Valuable Coins?
If you own an old coin or suspect you have a rare coin stashed away in your day-to-day pocket, note the following:
✔ Inspect minting mistakes: Notice double images, letters missing, or odd designs.
✔ Examine the year and mint mark: Coins produced in specific years and mints are worth more.
✔ Inspect the coin’s condition: Coins in high grade (good condition) command a premium price.
✔ Examine under a magnifying glass: Unusual characteristics or imperfections might be concealed in minute details.
Conclusion
Rare coins are a thrilling combination of history and art. Whether you have a 1939 Jefferson Nickel, a 1913 Liberty Head Nickel, or a Rare 1943 Copper Penny, if you own the correct coin, it might turn your life around! So, the next time you look at a coin, take another look closely—perhaps a million-dollar treasure is waiting in your pocket! ?
FAQs
Q1. What makes the 1939 Jefferson Nickel so valuable?
The 1939 Jefferson Nickel is valuable due to rare variations like the “Double Monticello,” “Reverse of 1940,” and “Full Steps,” which can significantly increase its price.
Q2. How can I tell if I have a rare 1943 Copper Penny?
A 1943 Copper Penny will be non-magnetic (unlike common steel pennies) and have a distinct copper color. If you suspect you have one, consider getting it authenticated.
Q3. Why is the 1913 Liberty Head Nickel so rare?
Only five specimens exist, making it one of the most coveted coins in numismatics. It was struck illegally after the U.S. Mint transitioned to the Buffalo Nickel.
Q4. Where can I check the value of my coins?
You can consult professional coin grading services like PCGS or NGC, check auction results, or visit a reputable coin dealer for an appraisal.
Q5. What should I do if I find a rare coin?
If you believe you have a valuable coin, avoid cleaning it, store it safely, and get it professionally evaluated to determine its authenticity and worth.