Hello readers welcome to the new post. In this post, we will learn 1940 S Nickel Value | Discover Their Worth It in 2023. 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 2023. Let’s get started with an Introduction to 1940 S Nickel Value
Historical Background of the 1940 S Nickel
The 1940 S nickel was made during the recovery of the USA from the Great Depression and preparing for World War II. It has a photo of Thomas Jefferson on the front side and Monticello, Jefferson’s home, on the backside. This coin holds historical importance since denotes a period of American coinage.
How Much Is A 1940 Nickel Worth?
Old Jefferson nickels are difficult to find in pocket change on that day. But it is easy to find them by asking for old ninety percent silver coins. The reason to find old Jefferson nickels is that they have had the same design for many decades so a worn 1940 Jefferson nickel has a layout like a well-worn 1975 Jefferson nickel when we first see it. The value of some rare Jefferson nickel values is about $1,000
Factors That Affect the Value of 1940 S Nickels
- Rarity: The value of any coin is based on rarity. If there are some numbers of 1940 S nickels minted, the demand of coins increases their cost
- Condition: Coin condition affects value. good condition coin comes with hih value than wear coin
- Varieties: Different errors also affect coin value
Read also: How Many Nickels in 2 Dollars?
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
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, there are some collectors who are experts in Jefferson nickels, and these collectors can be paid larger for a coin in good condition.
1940 s 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 a nickel, according to conditon 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:
|Average Circulated (AC)
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 Nickel Permanent Collectability Status
The Jefferson nickel from 1940 is a normally used coin and is not regarded as a collectible item. The 1940 Jefferson nickel can come in some uncommon variations that are hundreds or even thousands of dollars. These uncommon types have
- 1940-D Doubled Die: if the Denver Mint accidentally doubled the die used to strike the coin. It makes coins with doubled images of the Monticello building and the Jefferson photo
- 1940-S Doubled Die Obverse: The San Francisco Mint by mistake doubled the die used to strike the coin’s front side, which made these coins. So Thomas Jefferson’s photo was shown two times on coins.
- 1940-S Doubled Die Reverse: it was made by a minting mistake in which the San Francisco Mint unintentionally doubled the die that struck the coin’s back side. So Monticello’s structure looks two times on the coin.
1940 Doubled Die Nickels
Sure, here are some of the commonly used doubled-die nickels:
- 1940-D Doubled Die Obverse:
- 1940-S Doubled Die Reverse:
- 1940-S Doubled Die Overdate:
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 on1940 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
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
|1938-D Full Steps
|1949-D D Over S Full Steps
|1964 Special Mint Set Full Steps
|1942-D D Over Horizontal D
|1940 Reverse of 1938
|1953-S Full Steps
|1939 Reverse of 1940