Nickels from the 1940s have become iconic treasures for coin collectors, thanks to their historical significance, unique errors, and low mintage. Many of these coins, though seemingly ordinary, could be worth thousands—if not tens of thousands—of dollars. Whether you’re a seasoned collector or just starting, here are eight valuable 1940s nickels that might be hiding in plain sight.
1943-P Jefferson Nickel
Produced during World War II, the 1943-P Jefferson nickel is notable for its silver composition, a result of wartime nickel shortages. This coin contains 35% silver and is highly sought after, particularly those featuring a doubled “P” mintmark. Well-preserved examples with this doubling can fetch up to $10,000 at auction.
1942-D Over Horizontal D Nickel
This intriguing error coin displays a “D” mintmark punched over a horizontal “D,” creating a distinctive and rare feature. Collectors of mint errors value this piece for its uniqueness, driving prices as high as $25,000.
1945-P Jefferson Nickel
Another wartime silver issue, the 1945-P Jefferson nickel often features repunched mintmarks, making it a favorite among error collectors. High-grade specimens or those with unusual characteristics can sell for up to $15,000.
1949-S Jefferson Nickel
The 1949-S Jefferson nickel is a post-war rarity due to its low mintage. Coins in exceptional condition, particularly those with full steps on Monticello’s design, are highly prized and can be worth up to $12,000.
1944-D Jefferson Nickel
Containing 35% silver, the 1944-D Jefferson nickel is another wartime issue that becomes more valuable when found in pristine condition. Coins with sharp details are rare and can reach values of up to $20,000.
1940-D Jefferson Nickel
Early in the decade, the 1940-D Jefferson nickel stood out for its striking quality. Coins with fully defined steps on the Monticello design are particularly scarce, with high-grade examples selling for as much as $30,000.
1943/2-P Jefferson Nickel
One of the most fascinating overdate errors, the 1943/2-P Jefferson nickel features remnants of a “2” beneath the “3” in its date. This rare minting mistake appeals to error enthusiasts, with well-preserved specimens commanding up to $50,000.
1946-S Jefferson Nickel
Renowned for its low mintage and exceptional strike quality, the 1946-S Jefferson nickel is a true collector’s item. Examples with well-defined steps on Monticello are particularly rare and can reach staggering values of up to $100,000.
Value Breakdown of 1940s Nickels
Coin Name | Year | Mintmark | Key Feature or Error | Estimated Value (USD) |
---|---|---|---|---|
1943-P Jefferson Nickel | 1943 | P | Doubled Mintmark | Up to $10,000 |
1942-D Over Horizontal D | 1942 | D | Mintmark Error | Up to $25,000 |
1945-P Jefferson Nickel | 1945 | P | Repunched Mintmark | Up to $15,000 |
1949-S Jefferson Nickel | 1949 | S | Low Mintage | Up to $12,000 |
1944-D Jefferson Nickel | 1944 | D | Silver Composition | Up to $20,000 |
1940-D Jefferson Nickel | 1940 | D | Full Steps Monticello | Up to $30,000 |
1943/2-P Jefferson Nickel | 1943 | P | Overdate Error | Up to $50,000 |
1946-S Jefferson Nickel | 1946 | S | Low Mintage and Exceptional Strike | Up to $100,000 |
These nickels showcase the remarkable history and craftsmanship of 1940s coinage. From rare minting errors to limited production runs, these coins remind us that even everyday items can hold incredible value. Take a closer look at your spare change—you might just find a hidden treasure.
How can I tell if my 1940s nickel is valuable?
Look for unique features such as mintmark errors, doubling, or full-step Monticello details. High-grade coins in excellent condition are typically more valuable.
What is the “full steps” designation?
“Full steps” refers to the number of fully visible steps on the Monticello building on the coin’s reverse. It indicates a superior strike quality, which is rare for some mint years.
Why were some 1940s nickels made with silver?
During World War II, nickel was needed for military purposes, so the U.S. Mint used a silver alloy instead from 1942 to 1945.