CoinValue

1942 Jefferson Nickel

1942 | P | Mintage: 269,907,984 | 56% Copper, 35% Silver, 9% Manganese
$2 – $285
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Obverse of Jefferson Nickel showing Thomas Jefferson bust facing left (updated 2006)

Obverse

Reverse of Jefferson Nickel

Reverse

The 1942 Jefferson Nickel was minted at the Philadelphia Mint with a mintage of 269,907,984. Values range from $2 in lower grades to $285 in top condition.

CoinValueDB Value Estimate

$2.00 – $285.00

Price History

SoldHigh BidFor SaleLast Asking PriceMoving Average
Avg: $35 High: $285 Low: $2 11 total data points

CoinValueDB Price Guide by Grade

CoinValueDB Price Guide by Grade
GradeValue
Good (G-4)$2
Very Good (VG-8)$3
Fine (F-12)$3
Very Fine (VF-20)$4
Extremely Fine (EF-40)$4
About Uncirculated (AU-50)$5
Mint State (MS-60)$9
Choice Mint State (MS-63)$16
Gem Mint State (MS-65)$50
Superb Gem+ (MS-67)$285

About the Jefferson Nickel

The Jefferson Nickel replaced the Buffalo Nickel in 1938. The Treasury Department held a public competition for the new design and awarded the $1,000 prize to Felix Schlag. His design features Thomas Jefferson on the obverse and his home, Monticello, on the reverse. The United States Mint struck the first coins for circulation on November 15, 1938. Changes occurred over the decades. The Mint added the designer's initials to the obverse in 1966. In 2004 and 2005, the Mint issued the Westward Journey series to commemorate the bicentennial of the Lewis and Clark expedition. These coins featured new reverse designs, including the Peace Medal and the Keelboat. The Mint returned to the original Monticello reverse in 2006 but updated the portrait of Jefferson to a forward-facing design by Jamie Franki.

Coin Details

Designer
James Earle Fraser
Composition
56% Copper, 35% Silver, 9% Manganese
Weight
5
Diameter
21.21
Edge
Plain
Series
Jefferson Nickel (1938-present)

Historical Notes

War Nickel - Silver composition

Collecting Jefferson Nickel Coins

Focus your collection on the Jefferson Nickel series by looking for the 1938-1964 date range first, as these are easy to find in circulation. Look for the 1942-1945 'War Nickels' which contain 35% silver and feature a large mint mark above Monticello. Watch for wear on the steps of Monticello, as collectors pay a premium for Full Steps examples. Avoid coins with heavy corrosion or scratches, as these hold no numismatic value. You should buy a folder for your coins to keep them organized by date and mint mark.

This series includes key dates — check individual coin pages for rarity details.

Frequently Asked Questions

What is a 1942 Jefferson Nickel worth? +
A 1942 Jefferson Nickel is worth between $2 and $285 depending on condition. Coins in higher grades (MS-65 and above) command significant premiums.
How many 1942 Jefferson Nickel coins were made? +
The Philadelphia Mint produced 269,907,984 1942 Jefferson Nickel coins. Lower mintage numbers generally correlate with higher collector value.
Is the 1942 Jefferson Nickel a key date? +
The 1942 Jefferson Nickel is not considered a key date or semi-key date. However, condition is always important. A common-date coin in exceptional condition can still be quite valuable.
How much is a 1942 Jefferson Nickel worth? +
Most circulated 1942 Philadelphia War Nickels are worth their silver melt value, which is usually between $1.00 and $1.50. High-grade specimens in pristine condition sell for $5 to $20 depending on their specific strike quality.
Is the 1942 Jefferson Nickel rare? +
The 1942 Jefferson Nickel is not rare. With a mintage of 269,907,984, it is one of the most common coins from the early years of the series.

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