Hello readers welcome to the new post. In this post, we will learn 1940 S Nickel Value | Discover Their Worth It in 2024. The 1940 S nickel is preferred by coin collectors and investors since it is historically important and comes with good value. In this post, we will discuss the factors that affect the value of 1940 S nickels and provide details of an overview of their worth in 2024. Let’s get started with an Introduction to 1940 S Nickel Value
Historical Background of the 1940 S Nickel
The Jefferson Nickel was first time made in 1938 and also used for circulation in that year. These coins were replaced with Buffalo nickel that used in circulation for 25 years. In 1938 Mint arranged a competition for the design of coins. The designer Felix Schlag was the winner. In this desing photo of the USA 3rd president was added on coins on the front side and the reverse side has Monticello’s house. After finalizing the design coins started to be made by three mints, S,P, and D.
A larger number of coins were hoarded by collectors so they not used for circulation from 1938 to 1939.
How Much Is A 1940 Nickel Worth?
The certified holder coins is 15 dollars in MS65 grade. MS66 grade is high but MS67 grade can sold for 100 dollars or higher.
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What is the rarest Jefferson Nickel?
There are different rare Jefferson nickels, but some of the rarest are
- 1942-D D over D: It is a rare coin that resulted in a minting error when Denver Mint mistakenly added a second D mintmark on the required D mintmark.
- 1950-D Full Steps: It is a rare coin and it is named because it has a full set of steps on the back side of the coin, which is a rarity for Jefferson nickels from this year.
- 1955-D Doubled Die: it comes with a minting error when Denver Mint accidentally doubled the die used to strike the coin. This resulted in a coin with a doubled photo of the Monticello building and the Jefferson photo
- 1964 SMS: it is a special mint set coin that only exits in 1964. A special metal is used to make it which is called proof, which gives it a mirror-like finish. These coins are rare and can be worth thousands of dollars.
Features of the 1940 Jefferson Nickel
- Obverse: Left-facing profile of Thomas Jefferson
- Reverse: Elevation image of Monticello
- Diameter: 21.2 millimeters
- Thickness: 1.95 millimeters
- Mintmark: P for Philadelphia or D for Denver
- Composition: 75 percent copper, 25 percent nickel
- Weight: 5 grams
1940 Jefferson Nickel Obverse
The front side of the 1940 nickel has a photo of Thomas Jefferson facing left. The country name with the motto IN GOD WE TRUST also added there. The word LIBERTY and minting date on this side.
Reverse Of 1940 Nickel
The back side of the 1940 nickel has a photo of Monticello. The motto E PLURIBUS UNUM is also on this side with the country name. The word MONTICELLO is also on this side. It has a denomination of FIVE CENTS.
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1940s Jefferson nickel
The 1940 Jefferson nickel is a 5-cent coin made by the USA Mint. It comes with a left-facing photo of Thomas Jefferson, the 3rd president of the USA, on the front side and an elevation picture of Jefferson’s Virginia estate, Monticello, on the backside. The coin was created by Felix Schlag and first minted in 1938.
This nickel was created with 75 percent copper and 25 percent nickel. Its diameter is 21.2 millimeters and its thickness of 1.95 millimeters. The coin weighs 5 grams.
The mintmark for the 1940 Jefferson nickel exists on the front side, right of Jefferson’s photo. The Philadelphia Mint, where the main of the 1940 Jefferson nickels were made, has a P as its mintmark. A letter D is the mintmark for the Denver Mint, which created a limited quantity of 1940 Jefferson nickels.
1940 Jefferson Nickel Value Is Conditional
Yes, the value of a 1940 Jefferson nickel is conditional on different factors, like
- Condition: The condition of the coin is the main point to define the value. it is in Fine condition and values higher than circulating coins, which are less valuable. Coins in Good or Fair condition are substantially less valuable.
- Rarity: Rare coins are of higher value than common coins. The 1940 Jefferson nickel is a common coin, so it is not high value in some conditions. However, there are rare types of the 1940 Jefferson nickel that can hundreds or even thousands of dollars.
- Demand: The demand for a coin can also affect its value. Coins of high value more than coins that are not in high demand. This nickel is not a very famous coin, so it is not in high demand. However, some collectors are experts in Jefferson nickels, and these collectors can be paid more for a coin in good condition.
1940s Jefferson nickel value
- coins with wear and corrosion have a value of $0.15 to $0.50.
- In average circulated condition the value is from $0.50 to $1.
- In good condition, less wear, and the value could be $1.50 to $3.
- The 1942 or 1943 nickel, were minted with silver due to the shortage of nickel during World War II. These are known as war nickels come with 35 percent silver and can have a higher value based on the current cost of silver.
5 cent 1940 value
The value of a 1940 5-cent coin, known as nickel, according to the condition can be different The values for a 1940 nickel are based on its condition
How much is a 1940 S Nickel worth?
. In average circulated condition, its value is 65 cents. At the auction, one in certified mint state (MS+) condition value is $120.
value of a 1940 S nickel in different conditions:
Condition | Estimated Value |
---|---|
Average Circulated (AC) | 0.65 dollars |
Uncirculated (MS+) | 120 dollars |
Proof | 175 dollars |
The value of a 1940 S nickel can also be affected by its rarity. The 1940 S nickel is a rare coin, so it is valued is higher than a common coin from the same year.
1940 No Mint Mark Nickel Value
A total of 176,485,000 coins were made by P mint in 1940. They are commonly found in coins in mint state and circulation condition. Full step no mint mark of P mint are common coins. Their value for circulated conditions is about $0.10 and $0.90.
MS61 grade value is 1.30 dollars and MS63 is five dollars.
- MS67=100 dollars
- MS68 1940 coins sold for 558 dollars in 2021. Full step 1940 nickel of MS67 grade sold in auction for $2,150.
1940 D Nickel Value
There were 43,540,000 nickels made by D mint in 1940 which is 2nd higher than P mints. it is made with attractive luster. So nickel in gem condition can easily be found and also with Full Step.
- The circulated condition value is $0.10 and $2
- MS62 is 3.50 dollars and MS65 value is 25 dollars
- MS67 is 125 dollars.
- 1940 D nickel-graded MS67 sold for 795 dollars in 2018.
- 1940 D nickel with MS67 grade Full Step designation = $275.
1940 S Nickel (Proof) Value
With normal coins, the S mint also made proof 1940 nickels. Just 14158 Jefferson nickel-proof coins made in those years. Proof coins come with a satin-like finish with good luster and contrast. Low grades are less value coins but a high grade can be high value.
PF60 is 25 dollars and PF65 is 110 dollars.
PF68 is $7,850.
PF68 grade coin sold for $18,400 in 2005 which is high price Jefferson 1940 nickel proof
Repunched Mintmarks On 1940 Nickels
In the 1940s the USA mint punched mintmark on different dies which means mint marks are lies at different locations than normal on 1940 Jefferson nickel. In some conditions, the mintmark punched many times as first first try was at not the correct point. There is three to five dollars value of many 1940 nickles with repunched marks
Doubled and tripled mintmarks are preferred for error varieties. It is good to check all 1940 nickels for the D and S mint marks to see that there is any symbol of multiple strikes its value can be $50 to $100 or larger
1940 Nickels Error List
Repunched Mint Mark
This error occurs when the minting letter punches a double tripel mark. The result is an overlapping of the mint mark. The 1940 S minted coins have a repunched mint mark. Vlue of these coins for XF5 grade is 45 dollars and MS68 for 800 dollars. MS66 grade sold in 2017 for 450 dollars.
Full Steps Nickel Error
The 1940 nickels some not come with full steps Monticello. That is error type and high-cost nickel. 1940 D Full Step nickel was sold for $21,738 in 2018. The 1940 nickel has 5 or 6 full-step high value
Off-Center Strike Nickel
The off-center error comes when coins are not accurately aligned with the die and hub. When struck some part of the design was missing and left the planchet blank. The value of the coin is based on a percentage of off-center. Five percent off-center is about 120 dollars and 10 percent off-center is 20 dollars in value.
How Rare Is A 1940 Nickel?
The 190 nickels were made in larger numbers of about 260 million coins. Circulated and uncirculated nickels 1940 are common and easily get. Gem conditions with Full step designation are high value.
Which 1940 Nickel Is high value?
- 1940 PR 68 Reverse of 1938 Jefferson nickel= $28,750 sold in 2011
- 1940 D MS 68 Full Steps Jefferson nickel= $21,738 sold in 2018
- 1940 PR 65 CAM Jefferson nickel with the reverse of 1940= $1,725 sold in 2006
- 1940 D MS 67 Jefferson nickel =$795 sold in 2018
- 1940 No Mint mark MS 68 Jefferson nickel = $558 sold in 2021
- 1940 PR Jefferson nickel with the 68 reverse of 1940= $18,400 sold in 2005
- 1940 No Mint mark MS 68 Full Steps Jefferson nickel = $6,463 sold in 2016
- 1940 S MS 67 Full Steps Jefferson nickel = $5,170 sold in 2015
- 1940 S VG 10 Jefferson nickel = $1,840 sold in 2000
What Is The 1940 No Mint Mark Jefferson Nickel Price?
Value of nickel made by P mint based on condition. Their larger number makes them low-value coins. Normal value is 11 to 17 cents and in good condition can be 35 cents. Proof coins sold for 140 dollars or higher
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FAQS
How much is a 1940 S nickel worth?
A 1940 S nickel in average condition value is between $0.10 and $1.80. In uncirculated condition sell for as much as $175.
Is a 1940 S nickel silver?
No, a 1940 S nickel is not silver. It is created with 75 percent copper and 25 percent nickel.
Does a 1940 nickel have a mint mark?
Yes, all 1940 nickels have a mint mark. The mint mark lies on the back side of the coin, right of the Monticello building. The mint mark for the San Francisco mint is S.
What is the composition of a 1940 S nickel?
1940 S nickel has 75 percent copper and 25 percent nickel.
How do I know if my nickel is silver?
If you have a nickel that you think can be silver, you can test it with the use of a magnet. Silver is not magnetic, so if your nickel is attracted to a magnet, it is not silver. You can also test your nickel by measuring the weight of it. A silver nickel weighs 5 grams. The mint year also tells about that 1942 to 1945 minted coins have a copper-silver-manganese composition
Are nickels 100% silver?
No, nickels are not a hundred percent silver. They have 75 percent copper and 25 percent nickel.
Is nickel silver in color?
Nickel silver is a white metal that is used in jewelry and other decorative items. It is created with copper, nickel, and zinc.
Is nickel a gold or silver?
Nickel is neither gold nor silver. It is a chemical component with the symbol Ni and atomic number 28.
Is nickel a silver or silver?
Nickel is not silver or silver. It is a chemical component with the symbol Ni and atomic number 28. Nickel is a hard, silvery-white metal that is resistant to corrosion. It is used for coins, jewelry, and stainless steel.
What is the price of nickel per kg?
Nickel Price Per 1 Kilogram 18.35 USD
Is nickel better than gold?
Nickel and gold are both valuable metals, but they have different features. Nickel is harder and more resistant to corrosion than gold. Gold is more costly than nickel. Ultimately, whether nickel or gold is “better” is based on your individual needs and preferences.
What is the 1940 No Mint mark Jefferson nickel average price?
The average cost of a 1940 No Mint mark Jefferson nickel is about 11 cents. However, the value of a coin can vary based on its condition, rarity, and other parameters. A coin in uncirculated condition with a high grade can be hi
What is the rarest 1940 Jefferson nickel?
The rarest 1940 Jefferson nickel is the 1940-S proof nickel. Proof coins were made for collectors and had a higher level of detail and quality than regular circulating coins. The 1940-S proof nickel has a low mintage and is highly sought after by collectors, making it the rarest type of 1940 Jefferson nickel.
Which 1940 Jefferson nickel is worth a lot of money?
Most Valuable Jefferson Nickels | Sales Price |
1938-D Full Steps | $33,600 |
1949-D D Over S Full Steps | $32,900 |
1964 Special Mint Set Full Steps | $32,900 |
1942-D D Over Horizontal D | $32,200 |
1940 Reverse of 1938 | $28,750 |
1953-S Full Steps | $24,000 |
1939 Reverse of 1940 | $23,500 |