The 1959-D Jefferson Nickel, minted in Denver, has captured the interest of coin collectors not just as currency, but as a piece of history. With over 160 million coins struck, this nickel has gained attention for its unique features and growing value. While many of these coins are relatively common, specific characteristics, such as minting errors or Full Steps designations, make certain examples much more valuable.
Historical Background
The Jefferson Nickel series was introduced in 1938 to replace the Buffalo Nickel. Designed by Felix Schlag, the series features two well-known designs:
- Obverse: A profile of Thomas Jefferson.
- Reverse: Monticello, Jefferson’s estate in Virginia.
In 1959, the Denver Mint struck the Jefferson Nickel. While most of the coins in circulation are common, higher-grade examples with distinctive features are highly sought after. Coins with errors or special characteristics attract collectors eager to add rare pieces to their collections.
Factors Affecting the Value of the 1959-D Jefferson Nickel
The value of a coin is graded using the Sheldon Scale, which ranges from P-1 (Poor) to MS-70 (Mint State). Coins with higher grades, particularly those in the MS-66 or MS-67 range, are extremely valuable. These coins are prized for their flawless surfaces, sharp details, and lack of visible scratches. Due to their scarcity, high-grade 1959-D Jefferson Nickels can fetch a substantial price.
2. Mint Errors
Minting errors add rarity and interest to any coin. Some of the common errors found on the 1959-D Jefferson Nickel include:
- Die Cracks: Thin, raised lines resulting from a damaged die.
- Double Die Errors: Doubling of design elements, such as text, due to a misaligned strike.
- Off-Center Strikes: Coins that are struck unevenly, leaving parts of the design incomplete.
These error coins are incredibly rare and can be worth hundreds or even thousands of dollars, depending on the specific error and the coin’s grade.
3. Full Steps Grading
Full Steps (FS) grading is a specific quality designation for Jefferson Nickels. To earn this designation, the steps on the reverse side of Monticello must be:
- Mark-free
- Fully complete
Coins that qualify for the Full Steps designation are often much rarer and more valuable than non-FS examples. Especially in circulated condition, Full Steps coins command a significant premium.
1959-D Jefferson Nickel Value Chart
The value of a 1959-D Jefferson Nickel varies based on its grade, Full Steps designation, and the presence of minting errors. Here is an approximate breakdown of its value by grade:
| Grade | Approximate Value | Full Steps Designation | Error Coins (Double Die) |
|---|---|---|---|
| MS-63 | $10–$15 | N/A | N/A |
| MS-65 | $25–$40 | $100–$150 | $300–$500 |
| MS-67 | $150–$300 | $500–$1,000 | $2,000–$4,000 |
Coins graded MS-67 or higher, particularly those with the Full Steps designation, are among the most valuable and can fetch prices well into the thousands of dollars.
Collector Tips
If you’re looking to add the 1959-D Jefferson Nickel to your collection, keep these tips in mind:
- Examine Monticello for Full Steps: Check the reverse side of the coin to see if the steps are clear and fully defined.
- Look for Minting Errors: Watch out for die cracks, doubling, or off-center strikes, which can greatly increase the coin’s value.
- Preserve the Condition: Store your coins in holders or capsules to protect them from wear, scratches, and discoloration.
- Professional Grading: Consider using professional grading services like PCGS or NGC to authenticate and grade your coin.
- Track the Market: Stay updated on auction results and collector demand to gauge the current market value of the coin.
Why Does the 1959-D Jefferson Nickel Matter?
The 1959-D Jefferson Nickel is more than just a coin it’s a historical artifact. Its value lies not only in its design and minting errors but also in its Full Steps designation, which makes it a coveted item for collectors. Whether you are a seasoned collector or just beginning, this nickel is a worthwhile addition to any collection.
Conclusion
At first glance, the 1959-D Jefferson Nickel may appear to be an ordinary coin. However, its historical significance, minting errors, and Full Steps rarity make it an exciting and valuable piece for collectors. Coins in high grades, especially those with errors or Full Steps, can be worth thousands of dollars. Preserving your coin’s condition and understanding the grading criteria will ensure that you get the highest value for your 1959-D Jefferson Nickel. Whether you’re just starting your collection or adding to an existing one, this nickel is definitely worth considering.
