COIN fans may be surprised to learn that nicknames bearing the name of Third President Thomas Jefferson can be quite valuable.
Some of these coins can be worth hundreds or thousands depending on a few factors.
Usually, the value of a coin is determined by a low amount, an error, or another unique factor.
Furthermore, a premium coin can increase in value.
But as always, a work is only worth how much someone is willing to pay for it.
Recently, a few Jefferson coins have been sold online for thousands of dollars.
As we explain why below, note that most of these coins are non-cyclical, much harder to find as they are not issued for public circulation.
The acyclic coins are classified between MS-60 and MS-70.
A Jefferson Nickel sold for $922 online recently.
The coin has an “S” on the back of the coin below the words “E Pluribus Unum””.
The letter stands for its editing location, which is San Francisco.
This is the nickel used during the Second World War, containing 35% silver.
“These nickels are often ugly and dirty but are a great way to store silver near or below,” CoinTrackers wrote in a description of the coin.
Most importantly, the coin gets its value thanks to its level.
According to the seller, the coin has been certified by the Non-Injury Assurance Company (NGC) at “MS 67” grade.
Meanwhile, if you happen to find a coin in average condition, the coin might be worth as little as $1.90, according to United States Coin Book.
1940 Jefferson nickel – $1,314
For those unfamiliar with proof coins, they are considered even rarer than the acyclic pieces.
Like proof coins, they have never been in public circulation.
A 1940 Jefferson Proof Coin at the end of 2020 Sold for over $1,300 on eBaydescribed by the seller as “5C REVERSE OF 1938.”
The seller claims that the coin, graded under PF 67, has been certified by the Non-Shock Guarantee Company (NGC) only 17 times.
1949 Jefferson nickel – $1,557
Another Jefferson nickel at acyclic level Sold for over $1,500 on eBay in December.
Nickel is dated 1949 with an “S” mint mark.
Furthermore, the coin has been certified MS 67 by NGC.
Meanwhile, another 1949 Jefferson S nickel of the same type sold for more than $3,300 at a summer auction, according to reports. Professional coin grading service.
1951, Jefferson Nickel – $5,200
The most valuable coin on this list belongs to the 1951 Jefferson nickel with an S on the non-cyclical scale.
Compared to other coins in the Jefferson series, the 1951 nickel S has one of the lower mints.
The series has circulated with just over 7.7 million pieces minted. For context, only a few Jefferson coins total under 10 million.
Also, 1951 S coins are quite rare at the higher tiers.
“1951-S seems to be scarce at MS66 and above,” said Jamie Hernandez of PCGS Written.
“Less than 500 examples confirmed by PCGS in MS66 condition, with less [a] a few are known in MS67. ”
One of a recent eBay list at MS level 67 sold for $5,200.
Meanwhile, another one of the same type sold for a whopping $18,600 in October 2018 auction.
We are recently Henning Jefferson explained and why is it worth more than $400.
Plus, we show you how find rare coins including those with Lincoln.
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https://www.the-sun.com/money/4704282/valuable-rarest-jefferson-nickels-error-grade/ The most valuable Jefferson nicks revealed