Why the 1959-D Jefferson Nickel is Worth More Than You Think

The 1959-D Jefferson Nickel, minted in Denver, is a coin that many people overlook in their daily transactions. However, for coin collectors and numismatists, this coin holds significant value. The value of a 1959-D Jefferson Nickel can be much higher than its face value, depending on several important factors. Let’s take a look at what makes this nickel valuable and why it catches the interest of collectors.

Historical Background

The Jefferson Nickel series began in 1938 and replaced the Buffalo Nickel. It was designed by Felix Schlag and features the profile of Thomas Jefferson on the front (obverse). On the reverse side of the coin is an image of Jefferson’s home, Monticello, in Virginia.

In 1959, a large number of these nickels were minted at the Denver Mint, totaling approximately 160 million coins. Despite such a high mintage, not all 1959-D Jefferson Nickels are created equal. Some can be worth much more depending on their condition and certain rare features that make them stand out from the rest.

Condition and Grading

The condition of a coin plays a huge role in determining its value. Coins are graded on a scale called the Sheldon Scale, which ranges from Poor (P-1) to Mint State (MS-70). For the 1959-D Jefferson Nickel, the following grades are most commonly used to determine its worth:

• MS-63 (Choice Uncirculated): These coins have no wear and only minor marks from contact. They are generally valued between $10 and $15.
• MS-65 (Gem Uncirculated): These coins are in excellent condition, showing strong luster and eye appeal. Their value typically ranges from $25 to $40.
• MS-67 (Superb Gem Uncirculated): Coins in this grade are of exceptional quality. They can be valued between $150 and $300.

Full Steps Designation

One of the most important features that can significantly increase the value of a 1959-D Jefferson Nickel is the Full Steps (FS) designation. This refers to the clarity and completeness of the steps depicted on the Monticello image on the reverse side of the coin. Coins with a Full Steps designation are rare, especially in higher grades.

For example:

• MS-65 with Full Steps: This type of coin can be valued between $100 and $150.
• MS-67 with Full Steps: These coins can fetch between $500 and $1,000.

If you have a 1959-D Jefferson Nickel with Full Steps, it could be worth far more than a typical nickel, making it a prized addition to any collection.

Minting Errors

Minting errors make certain coins even rarer and more valuable. The 1959-D Jefferson Nickel is no exception. There are a few types of minting errors that collectors find particularly interesting:

• Die Cracks: This happens when a die used in the minting process cracks, leaving raised lines on the coin.
• Double Die Errors: This occurs when the coin’s design is stamped twice, resulting in a doubled image.
• Off-Center Strikes: This happens when the coin’s design is not properly centered on the metal planchet during production.

Coins with such errors can be worth significantly more, especially when they are in high grades. For example:

• MS-65 with Double Die Error: These coins can be valued between $300 and $500.
• MS-67 with Double Die Error: These can fetch anywhere between $2,000 and $4,000.

Preservation and Care

To maintain the value of your 1959-D Jefferson Nickel, it’s important to handle and store it properly. Here are some essential tips for preserving the coin’s condition:

• Handling: Always handle the coin by its edges. Avoid touching the coin’s face to prevent fingerprints.
• Storage: Store the coin in a protective holder or capsule. This will help keep the coin safe from air and moisture, which can cause tarnishing.
• Cleaning: Do not clean the coin. Cleaning can reduce the coin’s value, as it can leave scratches or damage the surface.

By taking proper care of your 1959-D Jefferson Nickel, you can preserve its condition and, in turn, its value.

Approximate Values Based on Grade and Features

Here is a quick overview of how the value of a 1959-D Jefferson Nickel can change based on its grade and special features:

Grade	Approximate Value	Full Steps Designation	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

As you can see, the value of a 1959-D Jefferson Nickel can vary widely based on its grade and any unique features it might have. Even a coin that looks like it’s just a regular nickel could turn out to be quite valuable if it’s in excellent condition or has minting errors or Full Steps.

Conclusion

The 1959-D Jefferson Nickel may seem like an ordinary coin, but it holds hidden value that collectors are eager to find. Factors such as the coin’s condition, the presence of Full Steps, minting errors, and how well it’s preserved can make a significant difference in its value. By understanding these key factors, you can evaluate whether a 1959-D Jefferson Nickel in your possession is worth more than its face value.

With the right care and knowledge, your seemingly simple nickel could become a valuable piece of numismatic history.

Guilderland Historical Society

FAQs