The Jefferson Nickel has remained an extremely popular coin since it was first introduced in 1938. This nickel came into existence to replace the Buffalo Nickel. These coins are still produced by the U.S. Mint today. Contrary to what some may believe, these nickels can have significant collectable value over and above their face value.
For a coin collector to go through the trouble of obtaining a Jefferson Nickel, however, the coin will have to be in excellent physical condition. These coins tend to be worth more money and are also more enjoyable to look at.
While any coin can have collectable value, coin collectors tend to focus their efforts on coins in great condition. It is very important, therefore, to consider the coin’s condition when looking at coins this old. Because they were minted so long ago now, however, finding coins in the best of shape can be hard even for seasoned collectors.
It is important to keep in mind how a coin might be graded by a professional numismatist. When you are inspecting a coin, you are really trying to get an idea of how that coin might be graded based on its condition. Use the specs below to get a good idea of what a Jefferson Nickel might look like in different grades.
Uncirculated: Coins assigned this grade are considered to be in excellent, almost pristine condition. These coins will have no flaws or blemishes and may be highly prized by serious coin collectors. This makes sense, after all, given the fact that these coins have never been handled on the open market. Just a quick glance at these coins and you will assume that they were just struck the same day.
Extremely Fine: Coins that are said to be extremely fine are also coveted by coin collectors. These coins appear to be in almost perfect condition as well, although they do have some very minor flaws. Any flaws may, however, only be seen under a very close visual inspection of the coin.
Fine: Many circulation coins available today will fall into this category. These coins have been widely used for decades and from all of the handling and exchanges they have experienced some wear and tear. This wear is not enough, however, to drastically affect the coin’s images or details.
Good: Most Jefferson Nickels out there today would be considered good. These coins have been heavily circulated over the years, and may have serious scratches, dents, divots or discoloration. Serious coin collectors will most often pass on these coins, rather pursuing coins in better overall condition.
The first step in determining the coin’s potential value is identifying its type. Mint year 1960 saw three different types of this coin produced. Secondly, you must get a good idea of the coin’s condition and how it might be graded. The chart below will show you what you might expect a 1960 Jefferson Nickel to be valued at based on its type and grade.
1960 Jefferson Nickel
|1960 Jefferson Nickel||N/A||N/A||$0.50||$1|
|1960 Jefferson Nickel (D)||N/A||N/A||$0.50||$2||Source: Red Book|