1939 Jefferson Nickel Value | Gainesville Coins ®

1939 Jefferson Nickel Value

Mintage: 120,627,535

REVERSE OF 1938

Finest Known: MS68 (NGC) MS67+ (PCGS)
Auction Record: $1,208 (MS68)

REVERSE OF 1940

Finest Known: MS68+ (NGC) MS67+ (PCGS)
Auction Record: $1,725 (MS67)

1939 jefferson nickel

1939 Jefferson nickel. Image: USA CoinBook

1939 was the first full year of production for the Jefferson nickel, and mintages expanded accordingly. The US Mint refreshed the original 1938 obverse master hubs to start the year, but the replacement for the mushy reverse master hub wasn’t ready until after production had already started.

The biggest change on the new reverse was sharpening and straightening the weak and curvy steps on Monticello that plagued the original master hub. Since 1939 Jefferson nickels were struck with both the old and new hubs, it was decided to call the old reverse the “Reverse of 1938” and the new reverse the “Reverse of 1940” since 1940 would be the first full year it was used.

rev 1938 rev 1940 nickel

Image: PCGS

The Value of A 1939 Jefferson Nickel

There were relatively few “Reverse of 1938” 1939 Jefferson nickels produced compared to the Reverse of 1940 type, but with a mintage of 120 million coins, that still amounted to many millions. The new reverse meant that it was more likely that a nickel would be struck with Full Steps.

1939 (Reverse of 1938) Jefferson Nickel Price Guide

Circulated Grades

Very FineExtremely FineAbout Uncirculated
FV$1$1

Uncirculated Grades

Mint State 61Mint State 63Mint State 65Auction Record (MS68)
$2$10$28$1,208

1939 (Reverse of 1938) Full Steps Jefferson Nickel Price Guide

Finest Known: MS68 FS (NGC) MS67+ FS (PCGS)
Auction Record: $5,288 (MS67+ FS)

Uncirculated Grades

Mint State 61 FSMint State 63 FSMint State 65 FSAuction Record (MS67+ FS)
$11$22$125$5,288

1939 (Reverse of 1940) Jefferson Nickel Price Guide

Circulated Grades

Very FineExtremely FineAbout Uncirculated
$2$4$5

Uncirculated Grades

Mint State 61Mint State 63Mint State 65Auction Record (MS67)
$7$14$35$1,725

1939 (Reverse of 1940) Full Steps Jefferson Nickel Price Guide

Finest Known: MS67+ FS (NGC) MS68 FS (PCGS)
Auction Record: $23,500 (MS68 FS)

Uncirculated Grades

Mint State 61 FSMint State 63 FSMint State 65 FSAuction Record (MS68 FS)
$10$22$57$23,500

The information on this page does not constitute an offer to buy or sell the coin(s) referred to. Proof and prooflike examples of this issue may have greater or lesser "finest known" and different record auction prices.

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