The 1938-D Jefferson Nickel: In the world of coin collecting, few coins carry the historical weight and numismatic appeal of the 1938-D Jefferson Nickel. As the first year of issue for the Jefferson Nickel series, this coin marks a significant transition in U.S. coinage history. Its introduction, coupled with its relatively low mintage, makes the 1938-D Jefferson Nickel a prized possession for collectors and a fascinating piece of American heritage.
| Category | Details |
|---|---|
| Coin Name | 1938-D Jefferson Nickel |
| Mint & Mintage | Denver Mint (D), 5,376,000 coins struck |
| Composition | 75% copper, 25% nickel |
| Weight & Diameter | 5.00 grams, 21.2 mm |
| Obverse Design | Portrait of Thomas Jefferson, with “IN GOD WE TRUST” and “LIBERTY” |
| Reverse Design | Monticello, Jefferson’s home, with “UNITED STATES OF AMERICA” and “FIVE CENTS” |
| Historical Significance | First-year issue of the Jefferson Nickel, replacing the Buffalo Nickel |
| Rarity | Considered scarce, especially in high grades due to relatively low mintage |
| Condition & Value | Circulated examples are affordable, but mint state coins and Full Steps (FS) varieties command high premiums |
| Collector Appeal | A must-have for Jefferson Nickel collectors due to its historical importance and design |
| Legacy | Represents the transition in U.S. coinage and the celebration of America’s founding fathers |
Table of Contents
The Birth of the Jefferson Nickel
The Jefferson Nickel was introduced in 1938 to replace the Buffalo Nickel, which had been in circulation since 1913. The new design, created by Felix Schlag, was selected through a public competition held by the U.S. Mint. The obverse features a left-facing portrait of Thomas Jefferson, the third President of the United States, while the reverse depicts his iconic home, Monticello. The design was a departure from the Buffalo Nickel’s Western themes, reflecting a shift toward honoring the nation’s founding fathers and architectural achievements.
Also Read: The 1936-D Buffalo Nickel: A Western Rarity in American Coinage
The 1938-D Jefferson Nickel holds a special place in numismatic history as one of the first coins struck in this new series. Produced at the Denver Mint, it carries the distinctive “D” mint mark, making it a key issue for collectors seeking to complete a full set of Jefferson Nickels.
The Rarity of the 1938-D Jefferson Nickel
While the 1938-D Jefferson Nickel is not the rarest coin in the series, its status as a first-year issue and its relatively low mintage of 5,376,000 coins make it a standout. Compared to the Philadelphia Mint’s production of over 19 million nickels that year, the Denver Mint’s output was significantly smaller. This lower mintage, combined with the fact that many of these coins were heavily circulated, has made high-grade examples increasingly difficult to find.
Today, the 1938-D Jefferson Nickel is highly sought after by collectors, particularly those focusing on the early years of the Jefferson Nickel series. Its historical significance as a debut issue adds to its appeal, making it a cornerstone of any Jefferson Nickel collection.
A Collector’s Treasure
For numismatists, the 1938-D Jefferson Nickel represents a unique opportunity to own a piece of coinage history. Its status as a first-year issue and its connection to the Denver Mint make it a must-have for collectors. The coin’s design, with its elegant portrait of Jefferson and detailed depiction of Monticello, continues to captivate enthusiasts nearly a century after its release.
Also Read: The 1983-D Bronze Lincoln Penny: A Modern Numismatic Rarity
The value of a 1938-D Jefferson Nickel varies depending on its condition. Circulated examples are relatively affordable, making them accessible to new collectors. However, uncirculated specimens in mint state condition are much rarer and can command significant premiums. Coins with full steps (FS) on Monticello’s design, indicating sharp detail in the steps of the building, are especially prized and can fetch higher prices at auction.
A Window into History
The 1938-D Jefferson Nickel is more than just a coin; it is a tangible link to a pivotal moment in U.S. coinage history. Its introduction marked the beginning of a new era, one that celebrated the nation’s founding fathers and their contributions to American democracy. For collectors, this coin offers a chance to own a piece of that legacy, a reminder of the artistry and innovation that define American coinage.
A Legacy of Innovation and Beauty
The 1938-D Jefferson Nickel remains a beloved and iconic coin, celebrated for its historical significance, elegant design, and enduring appeal. Its story is one of transition, creativity, and the enduring fascination with rare and historic coins. Whether you’re a seasoned collector or a newcomer to the hobby, the 1938-D Jefferson Nickel offers a compelling connection to the past and a reminder of the artistry and history embedded in every coin.
As collectors continue to seek out high-quality examples, the 1938-D Jefferson Nickel stands as a testament to the enduring allure of American coinage. It is a true gem in the tapestry of numismatics, a coin that continues to inspire fascination and admiration.
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