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The Jefferson nickel has been the five-cent coin struck by the United States Mint since 1938, when it replaced the Buffalo nickel.From 1938 until 2004, the copper-nickel coin's obverse featured a profile depiction of Founding Father and third U.S. President Thomas Jefferson by artist Felix Schlag; the obverse design used in 2005 was also in profile, though by Joe Fitzgerald.
Below are photographs of two Brilliant Uncirculated Jefferson nickels. Note that these are variations of dies used to mint the 1970-D Jefferson nickels. The die variation is clearly evident with the placement of the D in two different locations, one closest to the 1970 and the other closest to the rim of the coin. [1]
Key dates for the series include the 1939-D, and 1950-D nickels. The 1939-D nickel with a mintage of 3,514,000 coins is the second lowest behind the 1950-D nickel. The cause of the key date of 1939 stems from the new design that excited collectors the year prior, after the initial hype had settled down fewer nickels were saved.
The front design of the Jefferson nickel was modified in 2005 and 2006, according to Profile Coins & Collectibles. Nearly 18 million Buffalo nickels were struck during their run.
Like other coins, the value of errors is based in part on rarity and condition. In general, lower denomination errors are less expensive than higher denomination errors simply because more such coins are minted resulting in available errors. Due to improvements in production and inspection, modern errors are more rare and this impacts value. [3]
With a metal such as nickel, which is harder than a normal coin metal like silver, gold or copper, the pressure must be greater. When a nickel coin, or any coin, is struck, the metal must "flow" into the contours of the front and back dies. It is through the atoms of the metal flowing into the dies that flow lines are created.
The next time you toss a quarter into a gumball machine down at the local grocery store, think about this: That piece of gum could be costing you $2,000 or more. See: How Much Cash To Have Stashed ...
Under its terms, the Treasury Secretary could vary the nickel's designs in honor of the 200th anniversary of the Expedition and of the Louisiana Purchase, but the nickel would again feature Jefferson and Monticello beginning in 2006. [98] Unless Congress acts again, every future five-cent coin will feature Jefferson and Monticello. [99]