1959-D Jefferson Nickel Value – 5 Factors That Influence Its Worth

The 1959-D Jefferson Nickel, minted in Denver, is a coin that often goes unnoticed in everyday transactions. However, for numismatists and collectors, this nickel holds significant interest due to its unique characteristics and potential value.

Understanding what elevates certain 1959-D Jefferson Nickels above their face value can be both intriguing and rewarding.

Historical Background

The Jefferson Nickel series began in 1938, replacing the Buffalo Nickel. Designed by Felix Schlag, the coin features Thomas Jefferson’s profile on the obverse and his Virginia estate, Monticello, on the reverse.

The 1959-D variant was produced in large quantities, with a mintage of approximately 160 million coins. Despite this high production, specific features and conditions can make some of these nickels particularly valuable to collectors.

Condition and Grading

The condition of a coin is paramount in determining its value. Coins are assessed using the Sheldon Scale, which ranges from Poor (P-1) to Mint State (MS-70). For the 1959-D Jefferson Nickel:

• MS-63: These coins are in choice uncirculated condition, showing no signs of wear and only minor contact marks. They typically value between $10 and $15.
• MS-65: Coins in gem uncirculated condition with strong luster and eye appeal, valued between $25 and $40.
• MS-67: Superb gem uncirculated coins with exceptional quality can command prices ranging from $150 to $300.

Full Steps Designation

A particularly desirable feature in Jefferson Nickels is the Full Steps (FS) designation. This refers to the clarity and completeness of the steps on Monticello’s image on the reverse side.

Coins with a Full Steps designation are scarce, especially in higher grades, and can significantly increase a coin’s value. For instance:

• MS-65 with Full Steps: Valued between $100 and $150.
• MS-67 with Full Steps: Can fetch between $500 and $1,000.

Minting Errors

Minting errors add an element of rarity and intrigue to coins. For the 1959-D Jefferson Nickel, notable errors include:

• Die Cracks: Raised lines on the coin caused by a cracked die.
• Double Die Errors: Features appear doubled due to a misaligned die.
• Off-Center Strikes: The coin’s design is not properly centered.

Coins exhibiting such errors, especially in higher grades, can be valued significantly higher. For example, an MS-65 coin with a double die error might be valued between $300 and $500, while an MS-67 with the same error could range from $2,000 to $4,000.

Preservation and Care

Maintaining the condition of your 1959-D Jefferson Nickel is crucial for preserving its value. Here are some tips:

• Handling: Always hold the coin by its edges to avoid fingerprints.
• Storage: Keep the coin in a protective holder or capsule to prevent exposure to air and moisture, which can cause tarnish.
• Cleaning: Avoid cleaning the coin, as this can reduce its value.

Approximate Values Based on Grade and Features

Grade	Approximate Value	Full Steps Designation	Error Coins (Double Die)
MS-63	$10–$15	N/A	N/A
MS-65	$25–$40	$100–$150	$300–$500
MS-67	$150–$300	$500–$1,000	$2,000–$4,000

Conclusion

The 1959-D Jefferson Nickel exemplifies how a seemingly common coin can possess hidden value. Factors such as condition, the presence of Full Steps, minting errors, and proper preservation all contribute to its desirability among collectors.

By paying attention to these details, you might discover that a modest nickel in your possession is, in fact, a valuable piece of numismatic history.

FAQs

What is the Full Steps designation?

The Full Steps designation indicates that the steps on Monticello’s image on the reverse side of the coin are fully visible and unbroken, signifying a high-quality strike.

What errors are found on the 1959-D Jefferson Nickel?

Common errors include die cracks, double die errors, and off-center strikes, each adding to the coin’s rarity and value.

How can I protect my 1959-D Jefferson Nickel?

Store the coin in an airtight holder or capsule, handle it by the edges, and avoid cleaning to maintain its condition and value.

What is the value of an MS-67 1959-D Jefferson Nickel?

An MS-67 graded 1959-D Jefferson Nickel can be valued between $150 and $300, with those having a Full Steps designation potentially reaching up to $1,000.

Should I grade my Jefferson Nickel?

Yes, having your coin professionally graded can authenticate its condition and potentially increase its market value.