1938-S Jefferson Nickel Value

1938-S Jefferson Nickel Value

1938-s Jefferson Nickel Value

Mint Mark Location 1938-42 then 1946-1968

1938 Reverse “Wavy” Steps

1938-S Jefferson Nickel value depends on the condition, grade and if the steps are fully struck on the building (Full Steps), referred to as FS. So expect to see a value from 10 cents to $1 if found in your pocket change in grades almost uncirculated (AU) or less, and $2 plus for uncirculated raw examples.

1938-S Jefferson Nickel Value graded and certified MS63 FS is worth up to $25 and in MS67 FS can be worth up to $1,600. However, to attain the higher values the coin must be graded by PCGS or NGC.

Price guides offer values loosely based on coins already graded or encapsulated by PCGS and NGC, and rarely sample the values of raw, common and circulated coins.

Jefferson Nickels are not silver but consist mostly of copper with a balance of nickel that give them a “silver” appearance. The only exception is in 1942-1945 and they did contain 35% silver and 75%, but they must have the large mint mark on the back and above the Monticello Monument.


Nickel Planchets (1938-1942) 
Designer: Felix Schlag (FS) In 1966 these initials were added below Jefferson’s Bust.
Diameter: 21.2 millimeters
Metal content: Copper – 75%, Nickel – 25%
Weight: 5 grams
Edge: Plain
Mint mark:  To the right of the building on the reverse None (Philadelphia), S (San Francisco), D (Denver).

1942 through 1945 the mint mark was on the reverse for the only silver nickels during the War-Time. No mint mark for 1965, 1966 and 1967. In 1968 the mint mark was moved to the obverse and under the date.

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