The 1948 Jefferson Nickel is a classic piece of American coinage. While most of these nickels are common and worth just five cents, some rare and well-preserved examples can sell for up to $1,650 or more. This coin is loved by collectors for its historical value, unique design, and the chance to find a valuable treasure.
Design and Composition
- Obverse: Features a portrait of Thomas Jefferson, designed by Felix Schlag.
- Reverse: Depicts Jefferson’s Monticello estate.
- Metal: 75% copper, 25% nickel.
- Weight: 5 grams.
- Diameter: 21.2 mm.
- Edge: Plain.
Mintage and Mint Marks
In 1948, Jefferson Nickels were produced at three U.S. mints:
- Philadelphia (no mint mark): 89,348,000 coins.
- Denver (D mint mark): 44,734,000 coins.
- San Francisco (S mint mark): 11,300,000 coins.
What’s Your 1948 Jefferson Nickel Worth?
| Coin/Mint | Circulated Value | Uncirculated Value | Auction Record (MS67+) |
|---|---|---|---|
| 1948 (P) | $0.05 | $1–$5 (MS65) | $1,650 |
| 1948-D | $0.05 | $2–$5 (MS65) | $3,700 (Full Steps) |
| 1948-S | $0.05 | $3–$6 (MS65) | $705 |
- Circulated Coins: Generally worth face value (5 cents).
- Uncirculated Coins (MS65 or higher): Can be worth $1 to $6, depending on mint and condition.
- Top-Grade Coins (MS67+): Rare examples, especially with Full Steps on Monticello, can sell for over $1,650 or more at auction.
What Makes a 1948 Nickel Valuable?
- Condition: Coins in great shape with minimal wear and clear details are worth more.
- Full Steps: Nickels with all visible, unbroken steps on Monticello are highly prized.
- Mint Errors: Coins with errors or unusual characteristics can be more valuable.
- Rarity in High Grades: While many 1948 nickels are common in lower grades, coins in MS65 or higher, especially those with Full Steps, are rare and valuable.
Notable Auction Sales
- 1948 (P) MS67: Sold for $1,650.
- 1948-D Full Steps: Sold for $3,700.
- 1948-S MS67: Auctioned for $705.
Tips for Collectors
- Look for coins with sharp details, minimal wear, and a strong shine.
- Check for Full Steps on Monticello – these are highly valued by collectors.
- Store high-grade coins in protective cases to preserve their condition.
Conclusion
The 1948 Jefferson Nickel is an important coin for collectors. While most are worth just face value, those in uncirculated or Full Steps condition can be worth hundreds or even over $1,000. Whether you’re a beginner or a seasoned collector, keeping an eye out for high-quality 1948 nickels can lead to a rewarding find!
FAQ’s
1. What makes the 1948 Jefferson Nickel valuable?
Condition, mint mark, and features like “Full Steps” on Monticello can make the 1948 nickel valuable, sometimes worth hundreds or even thousands.
2. How can I spot “Full Steps” on a 1948 nickel?
Look for visible and unbroken steps on the Monticello building on the reverse side; these make the coin more valuable.
3. How do I identify an uncirculated 1948 nickel?
Uncirculated coins have no wear, sharp details, and strong shine, usually graded MS65 or higher.
