1945 Nickel Value – The 1945 nickel value is based on a solid foundation, having been minted with silver as part of its alloy. With the change in the silver price, silver changes, and these nickels rise and fall. Did you know that 1945 nickels are worth more than their face value?
The particular worth of an old 1945 silver nickel is determined by the condition of the coin, as well as any flaws or varieties since 1945 nickels are fashioned from silver. Silver nickels are a favorite among collectors.
Nice condition nickels’ higher value is supported by the lack of silver demand from collectors. Recognizing and separating high-premium coins ( foreign coins worth money ) is done through a step-by-step process.
How Much Is 1945 Nickel Worth?
The Philadelphia Mint is denoted by the “P” mint mark on a 1945 nickel, which is worth between $1.25 and $2. The 1945-P nickel can be found for prices of up to $10 in uncirculated form. A graded 1945-P nickel sold for around $11,500 in 2007.
Both the 1945-D (denotes Denver Mint) and the 1945-S (denotes San Francisco Mint) nickels have the same worth as the 1945-P nickel. The value of the coin, on the other hand, may change depending on its condition.
The coin’s worth, however, keeps fluctuating depending on the market, as well as the coin’s condition and the presence of any damages. The 1945 nickels may be worth thousands of dollars in value today, yet their worth is much higher than that.
The 1945 nickel is divided into three categories based on the kind of mint marks, each with its own worth. Now, let’s calculate the value of your 1945 nickel…
-1945-P Nickel Value
The 1945-P nickel is the most widely circulated of the three types issued for circulation, with a total mintage of 119,408,100 pieces.
A 1945-P Jefferson nickel in good condition is worth between $1.25 and $2, depending largely on the silver price at the time. Uncirculated coins are worth between $5 and $10 apiece.
In 2007, a specimen graded by Professional Coin Grading Service (PCGS) as MS67 with Full Steps details sold for $11,500, which is the record price for a 1945-P nickel.
-1945-D Jefferson Nickel
Denver mint 1945 issues are carefully examined as many collectors seek nice condition silver nickels.
37.1 million silver nickels were produced at the Denver mint and distributed into circulation in 1945. Collectors aim to find a well-preserved specimen.
The large “D” above Monticello on the reverse identifies the Denver coin. The silver issue premium nickel is also confirmed by this.
-1945-S Nickel Value
Despite a mintage of 58,939,000 (which falls between the 1945-P and 1945-D production numbers), the 1945-S Jefferson nickel is worth no more or less in typical circulated and uncirculated grades than the other coins.
The fact that these three coins are so readily available in the market has a lot to do with it. At least, there are enough of them to satisfy collectors’ needs today.
However, in worn grades, a 1945-S nickel may be valued at $1.25 to $2, and in uncirculated condition, it may be worth $5 to $10.
In 2015, a PCGS MS67 Full Steps was sold for an unbelievable $10,692.50, making it the most expensive 1945-S nickel ever to sell at auction.
1945 Jefferson Nickel Error List
Among the 1945 Jefferson nickels, there are a few uncommon and valuable mistakes and varieties! A popular doubled-die variety, for example, is worth a significant amount of money. Let’s take a closer look at this rare doubled die nickel error, as well as some of the other unusual Jefferson nickel errors worth searching for…
-Double Die Reverse Error Coins
The error can be found on the reverse side of the coin in the 1945 P series, which has an overlap error variety. The 1945 P nickel double die error coin is worth about $20 in very fine condition if the markings overlap each other.
The value is about $30 in very good condition. Coins with an MS 60 grade sell for around $85 in uncirculated condition. Uncirculated coins with a MS 65 grade might cost $400 or more.
-1945 Nickels with Repunched Mint Mark
In 1945, the United States of America Individual hand punches of mint marks onto operating dies were still used by Mint authorities, leaving plenty of opportunity for mistake since the mint mark punches were accidentally positioned sideways, or in slightly the wrong place.
The mint mark would be punched again because these errors necessitated adjustments. There are several types of mint mark variations, and they’re all worth collecting! The majority of them are worth $3 to $5, but some of the more dramatic types might sell for up to $20 or more.
NOTE: Because you’ll be able to see the tiny aspects in and around the apparent mint mark, having at least a 5X magnifying glass may come in handy here.
-Die Breaks and Cracks On 1945 Jefferson Nickel
The same sort of mistake, which is caused by elevated lines or lumps created by flaws or breaks in the die, is referred to by several names.
These occur when the die becomes aged or catastrophically fails while in use, causing it to split. On a finished coin, these breaks on the die appear as raised anomalies.
A large, flattish plain area connected to the rim is the most common kind of die crack. Cuds are the result of these sorts of die cracks, which can be tiny or huge in size. The more valuable the coin, the larger and broader the cud. Errors in the cud fasten sell for $100 to $250 or more.
Smaller cracks may cut through the lettering, date, Jefferson’s face, Monticello, or other features of the silver nickel, giving them the appearance of thin raised lines.
For each specific coin, the values for most die cracks are highly individualized.
Errors like these may be worth anywhere from a few dollars to several hundred of dollars depending on the size, prominence, and position of such die cracks.
-1945 Jefferson Nickels With Off Center Errors
If one side of your 1945 nickel is devoid of any design elements, it’s most likely an off-center error coin.
Off-center coins are so common that they have little additional value since the vast majority of them are only 1% or 2% off the square.
5% off-center or more, with a 1945 nickel having a value of $10 to $25, are the ones worth keeping.
A 1945 nickel with an off-center mistake that is missing roughly half of the artwork but still displays a full date and mint mark is the most valuable. They might be worth more than $100 each!
1945 Jefferson Nickel Value by Grading
Numismatists generally prefer coins in excellent condition. The overall condition, on the other hand, has a big impact on the value of coins that have been around for as long as a 1945 Jefferson Nickel. As a result, grading or assessing such works requires a number of criteria.
-Uncirculated: Most collectors want to find coins that have never been used, which is why they are known as uncirculated. They could be auctioned at a higher price because there are no signs of abrasions on them.
-Good: The majority of Jefferson Nickels currently available are described to be in good condition. These coins have seen multiple transactions over multiple decades, and they will show signs of wear and tear or significant damage.
In favor of coins in excellent or uncirculated condition, collectors may be hesitant to collect coins.
Even in excellent condition, the 1945 edition might be of interest; it was the final series of “War Nickels” produced.
-Fine: “Fine” is a grade assigned to coins that have been in circulation for a long time. The edges of the coin might show signs of wear, while the details must be flawless.
-Extremely Fine: Light wear removing the original luster is a major factor defining the Extremely Fine grade. Small details are retained, just slightly worn, and light wear is critical.
The hair on top of Jefferson’s head is just slightly flat. Waves within the hair are still visible. There are indications of dulling and smoothness just below the center region. The remaining small lines within the hair are kept in Extremely Fine condition.
The coin has a well-defined look with little, fine detail remaining.
Learn More About Jefferson Nickel Value Depth:
1943 1950 1957 1964
Are All 1945 Nickels Silver? – Between 1942 and 1945, Nickels were produced in the United States and had 35% silver content. “Silver war nickels” are the name given to these coins because they contain 75% copper and 25% nickel.
What is Rare About a 1945 Nickel? – One nickel just sold for more than $900 online, so check your pocket change for nickels. A unique coin from 1945 with third US President Thomas Jefferson on the obverse was sold as a nickel. On the opposite of the coin beneath the phrase “E Pluribus Unum,” you’ll also see an “S.”
Is 1945 a War Nickel? – The Philadelphia Mint produced the final wartime nickel. The Jefferson nickel would not feature the “P” mint mark again for another 35 years. Today is a good day to add this old currency to your collection.
Where is The Mint Mark On a 1945 Nickel? – The 1945 P, D, and S nickels were all produced by the United States Mint. War nickels are another name for these coins. On the opposite side of the coin, above the Monticello image, you’ll find the mint mark.
How Much Silver is in a 1945 Nickel? – The Silver Jefferson Nickels, a junk silver coin from 1942 to 1945, has 35% silver and weighs 0.0563 ounces.
These silver nickels were produced for the last time in 1945. A total of 869 million bills entered circulation between October 1942 and December 1945, when the authorization expired. In total, 48,699,548 ounces of silver were utilized in the manufacture of these nickels.
- The high price for Jefferson Nickel, 1945-P MS in Auction Record by Bowers & Merena MS69 sold for $11,500 in 2007.
- The high price for Jefferson Nickel, 1945-P Doubled Die Reverse MS in Auction Record by Heritage Auctions MS66 sold for $14,100 in 2014.
- The high price for Jefferson Nickel, 1945-D MS in Auction Record by eBay MS68FS sold for $25,000 in 2021.
- The high price for Jefferson Nickel, 1945-S MS in Auction Record by Heritage Auctions MS67 sold for $10,693 in 2015.
Silver prices were increasing in the early 1960s, and silver nickels were no longer being minted when silver was removed from dimes, quarters, and half dollars in 1964.
These nickels were now worth more than face value by 1964 when silver was $1.29 per ounce. Not just for the silver versions, but also for high-grade examples, all pre-1946 nickels require a close examination. Collectors are driving up the value of old nickels.