The Jefferson Nickel has been an important piece of U.S. coinage since it was first produced in 1938. The coin came into existence to replace the Buffalo Nickel, and has stood the test of time and is still produced by the mint to this day. Contrary to popular belief, Jefferson Nickels can have value to coin collectors over and above their small face value.
In order for a coin collector to want to acquire a Jefferson Nickel, the coin will likely have to be in pristine condition and free from any damage or wear. Coins in this condition are not only the most valuable, but are also the most visually stunning.
When you are looking at a coin that is 50+ years old, you have to take the coin’s condition into consideration. Typically, coin collectors will only seek to acquire coins that are in near-perfect condition and that have been very well preserved over the years. Locating coins in this condition can be difficult, however, given their age.
When looking at a coin’s physical condition, you are really trying to determine how that coin might be graded by a numismatic coin grading company. You can use the basic guidelines below to get an understanding of what a Jefferson Nickel might look like in various grades and conditions.
Uncirculated: Considered to be the top condition, coins in uncirculated condition have never been exposed to circulation and the corresponding exchanges and handling that come with circulation. Because of this, these coins have retained their original condition throughout the years and will appear to be freshly struck by the mint.
Extremely Fine: Just a notch down on the grading ladder, coins in extremely fine condition may have some extremely minor surface damage such as scratches. Nevertheless, these coins are still in excellent shape and are still desired by coin collectors. The damage is minor enough that it is usually only seen under close examination.
Fine: Coins in fine condition have been circulated, often for some time, and show visible signs of use-related wear and tear. These coins may have surface scratches or other imperfections. Any damage, however, is not significant enough to impact the coin’s images or details.
Good: Good is the grade assigned to the vast majority of Jefferson Nickels out there. These coins have been widely circulated and handled, and they may have serious imperfections such as dents, scratches, discoloration or worn down surfaces. Serious coin collectors tend to avoid coins in good condition, rather focusing their efforts on coins that have been well-preserved.
There are a couple of things to keep in mind when trying to gauge a coin’s potential value. Mint year 1964 saw three different types of the Jefferson Nickel produced. Step one; therefore, is determining which type you are looking at. The second important consideration is assessing the coin’s overall physical condition. The condition of a coin is extremely important to collectors and a key component of a coin’s value. Coins in great shape can sell for much more than similar coins that are not in great shape. Use the grid below to get an idea of how a 1964 Jefferson Nickel might be valued based on its condition and type.
1964 Jefferson Nickel
|1964 Jefferson Nickel||N/A||N/A||$0.50||$1||Source: Red Book|