2016-P Jefferson Nickel value is 5 cents to .10 cents in almost uncirculated (AU) or less, .25 cents plus uncirculated raw examples. $110 in MS67 FS Full Step.
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) (1946-Present)
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
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.
Jefferson Nickel Value By Date And Mint