What 1964 Nickels Are Worth Money

What 1964 Nickels Are Worth Money – For most US coins, 1964 marked the transition from specialty metals (silver, gold) to base metals (copper, tin, zinc, etc.). But the nickel had been a plated coin since 1866, so the 1964 coin was plain. 5 cents. Jefferson Nickels were introduced in 1938 and are produced today with some design changes. Let’s estimate the value of the 1964 Jefferson nickel.

As his birthday approached, the US Mint decided to put him on a coin. They held a competition to design this new nickel, and Felix Schlag won. We used the flip design until 2004 and still use the reverse Schlag design.

What 1964 Nickels Are Worth Money

For reference, heads are the heads side of a coin and vice versa are the tails side. Originally, the currency was composed of 75% copper and 25% silver-plated nickel. Because nickel was an important element in weapons and equipment for the war years, we changed the currency to an alloy of silver, copper, and manganese so that we could turn nickel into military use.

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Nickel coins are designed to resemble the original 5-cent coin, which has a copper core with a nickel coating on the silver. Ironically, this change in the composition of the metal happened for a reason in 1866, with the change in silver in 1965. At that time, citizens kept silver coins as precious metals and melted them down to sell.

But the 1965 coinage shortage was caused by the civil war at the end of the 19th century, although the price of silver rose due to consumption. In both cases the result was the same and we replaced the silver coins with cheaper metals. The Jefferson nickel replaced the Buffalo nickel because of the many bread problems it had been using for 25 years.

Ironically, the Jefferson Nickel did not carry the designer’s initials until 1966, and the reason for this is unknown. Maybe he forgot to put it in the form. Schöne Schlag was a German immigrant who had only been in the United States for 9 years when he won the coin competition, so he may not have been aware of these features. This may also be why he chose an unusual design for the 5 cent piece.

For example, putting the United States at the bottom. It is placed on top of other coins. But even though the winner was asked to change his reverse design, he drew a corner instead of the front at Monticello — easily winning the $1,000 prize. Competing against 389 other artists, the judges had four days to select the winning coin design.

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The reverse (vertical side) of the 1964 Jefferson Nickel shows Thomas Jefferson at right. The “God We Trust” emblem runs on the right side, in front of his face, and the legend “Liberty” curves on the left side, behind his head. Liberty, the Y is followed by a five-pointed star, followed by the mint date. Designer’s initials are not used on this coin.

The obverse (reverse side) of the 1964 Jefferson nickel shows Thomas Jefferson’s mansion in Monticello, Virginia. On the upper edge is the inscription E Pluribus Unum. The word Monticello is located horizontally directly below the building. Beneath this are the five cents and the convex denomination of the United States. The flat sign is on the right corner of the building.

In 1964, the Mint produced several types of Jefferson nickels, including Proofs, Business Strikes, and Special Mint Sets (SMS). You can also find several types of errors. A strike coin, also known as a trade coin, a general strike or a strike coin, is a coin designed for everyday use. However, coins and SMS are sold directly to collectors at higher prices.

In 1964, the Philadelphia Mint struck 1,028,622,762 Jefferson Nickels, including proofs, but we’ll look at the coins separately. Until 1979, the Philadelphia Mint, the first branch of the United States, had mintmarks. Added breadcrumbs to identify other branches when opened. Let’s take a look at the features of the 1964 Jefferson Nickel.

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An original uncut 1964 Mark Jefferson (P) nickel sold on eBay in September 2022. Highest PCGS coin grade is MS 67. Found 3 with current value of $1150. As for full-step coins, an MS 67 FS sold for $14,100 in September 2014, but in 2022 it sold for just $3,960. July. PCGS grade for 2023 is $5,500.

In 1964, the Denver Mint produced 1,787,297,160 Jefferson nickels. Not all of them bore the D number and were printed in Denver. The coins are in very good condition and can be found in MS, PL (fair), DPL (deep proof-like) and FS PL (full step-like proof). But before we check the sales records, let’s take a look at the features of the coin.

As of May 2022, the MS 67+ retails for $1,750, and as of September 2009, the MS 66 FS is priced at $6,325. A coin bearing the MS 66 FS PL dated Flag 2022 sold for $3,840. Look at the prices of these coins later, but for now, note that PL coins are sharp and shiny like coins, but minted like circulating coins. Currently, the highest grade PCGS coin is MS 67, valued at $1,750.

The original purpose of the coins was to ensure that the dies were properly made, so a copy often remains in an archive for inspection, but some may be sent to museums or libraries. The proofs are available in three styles – matte, mirror and reverse. In 1964, they produced custom glass shapes by rolling a crucible filled with 6 mm stainless steel balls.

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The balls are called satellites and give the coin a shiny stamp. Proof blocks are rubbed with sharp brushes until they shine. In mirror images, the field is mirror and the device is matte. This frost occurs when the die is dipped in acid, but each time it is struck, some of the acid wears away, so the frost is weaker on later coins.

The first 50-100 coins with the strongest form are graded Deep Cameo (DCAM) by PCGS or Ultra Cameo by NGC. Minimum level curtain. The coins themselves are graded by PF NGC or PCGS. Jefferson Nickels has another degree called FS. It marks the full steps and depicts coins that can list at least 5 steps of Monticello.

In 1964, the Philadelphia Mint produced nearly 4 million coins, none of which bore mintmarks. In September 2004, a fine PF 70 coin sold for $949. But in September 2012, the PR 69 CAM went on sale for just $141. In October 2021, the PR 69 DCAM improved slightly and sold for $475. Prices are low because over 200 are graded by PCGS.

In the 1960s, the price of silver rose, so people started hoarding silver coins as precious metals. Many people melted down these coins and sold the silver at market value. Others held coins and waited for prices to rise. This led to a shortage of national currency. Mint director Eva Adams mistakenly believed that the coins were collected by collectors, not private citizens.

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That’s why I said that all coins issued between 1965 and 1967 had no mint marks to prevent this practice. The mint will also stop producing the coins it normally sells to collectors. Instead, they created special breadcrumbs (SMS) groups. Mint seems to have started experimenting with SMS in 1964. They used shiny dies as evidence, but the plates weren’t shiny before they were struck.

The 1964 SMS coins are graded SP, ie Specimen or Special Proof. By combining the functions of printing and minting coins, it is struck only once, but with high pressure to compensate for the additional strikes of other strikes. However, no one knew about the 1964 SMS coins until the 1990s. It is said to belong to the private property of Eva Adams.

It was sold after her death by famous auctioneer and coin dealer Lester Mirkin, who is said to be her lover, so the coins appear to be suspicious. However, they are very valuable and very rare. In September 2004, SP 67 sold for $4,140. Only the SP 68 is known and is estimated to cost $23,500. But this SP 68 FS sold for $32,900 in January 2016 and is worth it.

The most popular coin graders are PCGS (Professional Coin Grading Service), NGC (Coin Guaranty Corporation), and ANACS (American Numismatic Association Certification Service). They all use variations of the Sheldon coin grading scale ranging from PO 1 (Poor) to Mint State 70 (MS 70). As we said, the top-ranked Jefferson Nickel can earn an FS rating for full strides.

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In addition to these grades, NGC sometimes uses descriptive grades instead of numbers when shipping coins in bulk. You will succeed

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