1946 Nickel Value: Error, Silver, and No Mint Mark

1946 Nickel Value - The Jefferson nickel is one of the most famous and long-lived coins in American history, and it is still in circulation after 80 years of production. The Buffalo nickel, which was notoriously difficult to strike in high quality, was replaced by this coin in 1938.

Over the years, the Jefferson nickel has been depicted in a variety of designs. Felix Schlag was the first to come up with the design. The slogan "IN GOD WE TRUST" is to his left, and the word "LIBERTY" and the year of minting are to his right, on the obverse. It shows a profile bust image of Thomas Jefferson.

Schlag's design featured Jefferson's mansion, Monticello, with "E PLURIBUS UNUM" along the top rim and "UNITED STATES OF AMERICA" across the bottom, as well as the denomination "FIVE CENTS," and it remained in use until 2003 when several new commemorative nickels were introduced.

Jamie Franki created a new obverse with a forward-facing picture of Jefferson in 2006. Schlag's design remains on the back, and this new design has been in use since then.

The composition of the Jefferson nickel has varied throughout its history, in addition to design modifications. Except for those minted between 1942 and 1945, all Jefferson Nickels are made of 75% copper and 25% nickel.

The composition was temporarily changed to 56% copper, 35% silver, and 6% manganese because nickel was deemed important for America's involvement in World War II.

How Much Is A 1946 Nickel Worth?

It is necessary to identify the kind and state of a 1946 Jefferson nickel once you have chosen to acquire one. Four distinct types, including D/D slips, were made by the US Mint this year. They are worth various sums of money.

-1946 Jefferson Nickel With No Mint Mark Value

1946 No Mint Nickel Value

The Philadelphia Mint produced the most widespread of the three 1946 nickels, which has no mint mark. Your 1946 Jefferson nickel will be identified as made in Philadelphia if it lacks a mint mark. In 1946, the Philadelphia Mint produced 161,116,000 nickels. These days, maybe 10% to 20% of them survive, providing a treasure trove for coin collectors.

Of course, a worn 1946 Jefferson nickel is worth 7 to 10 cents more than face value. Your 1946 nickel, on the other hand, will only be worth a bit more than that unless it is in mint condition or has a mistake or variety.

The most valuable of these are specimens that show all five or six steps at the base of Monticello, which are worth about $1 and up in uncirculated 1946 Jefferson nickels.

Collectors prize a Full Steps Jefferson nickel above all others, therefore a 1946 Full Steps specimen is the best example for the date because it has the most Full Steps Jefferson nickels.

Professional Coin Grading Service (PCGS) graded one of the most valuable Full Steps Jefferson nickels, MS66+, and it sold for $3,525.

-1946 D Jefferson Nickel

1946-d nickel

The D mint mark is to the right of Monticello on the coin reverse of the 1946 Jefferson nickel minted in Denver. The value of each coin ranges from less than a dollar to more than a few hundred dollars, and it was produced in 45,292,200 pieces.

Their price will usually be determined by the condition. For $520, you can get a Full Steps specimen in MS 67 grade. Auctioned in 1996, the most valuable 1946 MS 67 Complete Steps Jefferson nickel sold for $8,625.

-1946 S Jefferson Nickel Value

1946 s jefferson nickel value

The “S” mint mark on the reverse (tails side) of the rarest of the three major varieties of 1946 nickels implies it was produced in San Francisco. The 1946-S nickel is significantly less common than the other two nickels, with just 13,560,000 specimens minted.

A nickel from 1946-S is worth about 35 to 50 cents in circulated condition. Uncirculated coins sell for about $1.25 each. The PCGS graded and sold the most expensive 1946-S Jefferson nickel ever for $7,800, which was a full step above MS67.

What is The 1946 Proof Nickel Value?

Unfortunately, there were no proof coins produced in 1946 by the mint.

That's because no proof coins were produced this year due to the fact that the Philadelphia mint produced them between 1938 and 1942. In addition, the resources allocated to proof coins were used elsewhere.

The government was awarding medals to the troops as they returned from battle. As a result, there are no proof coins from this year because the materials utilized for proof coins were instead used for medals.

1946 Nickels Error List

Errors and varieties are common among 1946 Jefferson nickels, and there are several to be found among the 1946 Jefferson nickels! The most common nickel errors from 1946 are shown below.

-1946 Doubled Die Jefferson Nickels

Although there are no major double die nickels worth thousands of dollars available right now, that doesn't mean that there aren't minor doubled dies worth at least $20 to $50.

Inscriptions on old Jefferson nickels often include "MONTICELLO" and "FIVE CENTS," and such doubled dies may be seen in Thomas Jefferson's eye on the obverse (head's side) or on the reverse.

-1946 Off-Center Jefferson Nickel Error

Most specimens are essentially uncollectible technical errors with 1% or 2% off-center, and it's a prevalent 1946 Jefferson nickel mistake. Off-center pieces, on the other hand, are more valuable and typically sell for $25 to $50.

They range from 10% to 20% or more off-center. A specimen with the entire date and mint mark, as well as a 50% off-center price tag, might cost you $100.

-Silver 1946 Jefferson Nickel

The United States Mint resumed copper and nickel manufacture in 1946 after a short hiatus caused by wartime silver nickel production.

Four silver nickel transitional errors were found on a silver planchet by mistake by collectors.

These coins are worth thousands of dollars, as one would expect. There are said to be a few more pieces somewhere, but since they weigh the same as regular nickels, you can't tell them apart.

As a result, getting a professional to evaluate the distinction is the finest strategy.

-1946 Nickels With Die Cracks Or Die Cuds

Error coins with die fractures or die cuds, which typically display some of the most stunning oddities, are in high demand.

As a die ages, it develops a die crack, which may be detected as strange raised lumps or fracture-like lines.

The worth of each coin will depend on its individual merits, but most often, these coins are worth $5 to $10 and up. One of the most attractive forms of die breaks is a die cud, which is a wide, flatblobbing emergence on the coin's rim that may cost $100 or more.

1946 Jefferson Nickel Value by Grading

Since the earliest postwar year's coins are over 75 years old, be cautious when purchasing one on the market. To determine the value of a piece, it's important to examine its condition. Let's explore this further.

-Uncirculated: 1946 nickels in the mint state are regarded by collectors as a top option, so they have the highest value on the coin market. Because they never circulated, these pieces stayed free of contaminants and retained their original luster and texture. Bag marks on the surface are sometimes visible, but they don't detract from the beauty and appearance of the object.

-Good: This is the best category for most Jefferson Nickels on the market right now. These coins have obvious scratches, dents, or other flaws and have been extensively circulated for years or even decades. In lieu of coins that are in better physical condition, coin collectors may skip these. Nonetheless, depending on the mint year and relative scarcity, these coins may be valuable even for collectors.

-Mint State: Premium status collectible nickels are coins with no wear on the surface that are denominated as such. The mint state grade is defined by no wear. A slight luster covers the coins as they exit the mint. Luster and dull the surface of any coin in circulation.

Wear is assessed on the peaks using the eye.

The mint state example luster and shine are still visible in Jefferson's eye brow, which is one of the highest areas of relief. The brow ridge is totally lustrous. His cheek is likewise devoid of any signs of dullness or wear just below the eye. The metal's texture and tone are consistent throughout all parts of the surface, confirming a mint state example.

-Extremely Fine: Coins in great condition may have tiny flaws, but they are still desirable to coin collectors. The coin must only have minor flaws, such as scratches, and appear to be nearly new in order to obtain this grade. The coin's flaws are only revealed when it is examined under a microscope.

Learn More About Jefferson Nickel Value Depth:

1940 1947 1954 1961
1941 1948 1955 1962
1942 1949 1956 1963
1943 1950 1957 1964
1944 1951 1958


Is a 1946 Nickel Pure Silver? - The temporary silver alloy in the five-cent denomination ended in December 1945, and 1946 nickels resumed the old 25% nickel to 75% copper alloy.

What Makes a 1964 Nickel Rare? - In minting perfection, excellent relief, and no minting faults, a complete steps coin has at least five steps of the home. Full steps change the worth of a coin, making it a favorite among coin collectors. Full steps are uncommon on 1964 Jefferson Nickel coins, which is why they are valuable.

How Much is a 1964 D Nickel Worth? - If uncirculated, the 1964 nickel D is worth $250 on average. High grades (MS67, MS68), proofs, uncirculated coins (MS+), and mint condition coins are worth even more than 1964 D Jefferson nickels in excellent condition.

In 1946, the United States Mint produced 219,968,000 Jefferson nickels, which have little collector value. While you will only be able to obtain these low-cost coins if you adore the series, there is no need to seek specimens in any condition less than mint.

Remember that this year, there are four different types of mints available, so you can complete the date with anyone.

Unfortunately, due to a tight financial situation brought on by the war, these 1946 Philadelphia nickels have poor quality. That is why a coin in circulated condition will not be worth more than its face value if you find it. Coins from San Francisco and Denver were of higher quality.

The Denver coins were the finest in terms of quality, while the San Francisco nickels were of better quality. They have a higher value than the 1964 nickel value with no mintmark because they were made in the United States at the Philadelphia minting facility.

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