The 1930s produced some of the most valuable nickels in American history. Remarkably, a few of these rare coins still surface in everyday transactions, making them prized finds for alert collectors.
This article delves into three exceptional nickels from the 1930s that could be hiding in your pocket change, each potentially worth thousands of dollars.
1. 1938-D Jefferson Nickel with Full Steps
Introduced in 1938, the Jefferson Nickel replaced the Buffalo Nickel. The Denver Mint’s production of this coin is particularly notable.
Key Features
- Mint Mark: ‘D’ located on the reverse side, to the right of Monticello.
- Full Steps Detail: Refers to the clear visibility of all six steps leading up to Monticello.
Why It’s Valuable
Coins exhibiting the Full Steps feature are rare due to the precision required during minting. A well-preserved 1938-D Jefferson Nickel with Full Steps can command significant value.
For instance, one such coin graded MS68 by the Professional Coin Grading Service (PCGS) fetched $33,600 at auction.
2. 1939-D Jefferson Nickel
The 1939-D Jefferson Nickel is another gem from the 1930s, minted in Denver.
Key Features
- Mint Mark: ‘D’ on the reverse side.
- Low Mintage: Only 3.5 million coins produced, making it scarce.
Why It’s Valuable
Its limited production run enhances its rarity. Depending on condition, a 1939-D Jefferson Nickel can be valued between $60 and $130.
3. 1937-D 3-Legged Buffalo Nickel
A fascinating error coin from the 1930s is the 1937-D 3-Legged Buffalo Nickel.
Key Features
- Mint Mark: ‘D’ beneath the denomination on the reverse.
- Error Detail: The buffalo appears to have only three legs due to over-polishing of the die.
Why It’s Valuable
This minting error makes the coin highly sought after. In high-grade condition, it can fetch substantial sums from collectors.
Summary Table of Rare 1930s Nickels
| Coin Type | Mint Mark | Notable Feature | Estimated Value Range |
|---|---|---|---|
| 1938-D Jefferson Nickel | D | Full Steps | Up to $33,600 |
| 1939-D Jefferson Nickel | D | Low Mintage | $60 – $130 |
| 1937-D 3-Legged Buffalo Nickel | D | Three-legged error | Significant, varies by grade |
The 1930s produced several rare and valuable nickels that occasionally appear in circulation. Being vigilant about these coins can lead to unexpected and lucrative discoveries.
Whether you’re a seasoned numismatist or a casual collector, keeping an eye out for these treasures can be both rewarding and exciting.
FAQs
How can I identify a Full Steps Jefferson Nickel?
A Full Steps Jefferson Nickel displays six distinct steps leading up to Monticello on the reverse side. The clarity of these steps indicates a well-struck coin, which is rare and more valuable.
What makes the 1937-D 3-Legged Buffalo Nickel unique?
This coin features a buffalo with only three legs due to excessive die polishing during minting, making it a notable error coin sought after by collectors.
Are these rare nickels still found in everyday circulation?
While rare, it’s possible to find these nickels in circulation, especially in coin rolls from banks or in inherited coin collections.
What should I do if I find one of these rare nickels?
If you believe you’ve found a rare nickel, it’s advisable to have it authenticated and graded by a professional coin grading service to determine its condition and value.