1947 Nickel Value – The Jefferson Nickel has a long and interesting history, much like other coins that are as popular today as they were when first released. The Jefferson Nickel replaced the highly successful Buffalo Nickel, which was designed and later produced in 1938.
The Jefferson Nickel has only had minor modifications to its design, even after 79 years, and still resembles the original design ( foreign coins worth money ).
A bust of President Jefferson looks left on Felix Schlag’s original obverse design. The words “IN GOD WE TRUST” are carved into the left of the bust near the rim. The words “LIBERTY” and the date may be seen in the right field.
A replica of Jefferson’s beloved home, Monticello, is placed on the other side. Over Monticello, you’ll see the famous American coin slogan “E PLURIBUS UNUM.” The denomination is “FIVE CENTS,” while the phrase is “UNITED STATES OF AMERICA.”
Jefferson Nickels is made of a 75% copper and 25% nickel mix, with the exception of those minted in 1942-1945. Each weighs five grams and has a diameter of 21.2 mm.
You’re in the right place if you want to learn more about their value. Your comprehensive guide is now available.
1947 Jefferson Nickel Value: History
Lower mintage numbers are characteristic of early Jefferson nickels, as compared to other coins from the same time period. Since the Philadelphia Mint produced 95,000,000 copies of the 1947 Jefferson Nickel, it is one of the few exceptions to this norm.
This number is not particularly large, yet it is substantially larger than those around that time. The quantity that has survived is influenced by this larger mintage. The 1947 Jefferson Nickel had a rather mediocre strike quality, which is a problem for certain dates of Jefferson Nickels.
A large number of instances have been awarded the Full Steps designation because of this characteristic of a strike.
How Much Is A 1947 Nickel Worth?
Yet, notwithstanding a drop in the number of nickels produced in 1947, there was no shortage of coins. 157.5 million nickels dated 1947 were struck by the Philadelphia, Colorado’s main mint, as well as the San Francisco mint in California.
It is necessary to identify mint marks when collectors are putting together sets with examples from each year’s mints. The 1947 Jefferson Nickel retains a modest premium in grades below Uncirculated circumstances, even though having a lower mintage than most other periods of the time.
-1947 Nickel with No Mint Mark
In circulated situations, the 1947 nickel with no mint mark would be worth 10 to 20 cents. The Philadelphia mint produced 95 million of them, hence causing this. Their value isn’t too high because they’re so common.
In the meanwhile, if you discover this nickel in uncirculated condition, its value will be somewhat higher. Between 70 cents and $2 per nickel is common. The value of the coin will be determined by the condition.
In 2014, for example, a 1947 nickel sold for over $4,000. Since the coin was graded MS67 by PCGS and was in immaculate condition, that is why. However, finding such nickels is very difficult.
-1947 D Jefferson Nickel Value
The nickel was made at the Denver facility, as shown by the D mint mark. In average conditions, a nickel might be worth 24 to 40 cents. An uncirculated nickel, on the other hand, might sell for 80 cents to $2.
Even the nickel has been valued at almost $5,000. In 2019, PCGS graded the nickel in MS67 condition. Nickel in this condition is uncommon, and it is unlikely that you will find it on today’s market.
The 1947-D nickel, like most 20th-century “modern” issues, is a numismatic collectible.
-1947 S Jefferson Nickel Value
This nickel has the smallest mintage of the three, hence it is uncommon to the other two mints in San Francisco. This kind of nickel will sell for 40 to 90 cents in circulated condition. It can be worth between $1 and $2.5 if you find this nickel in an uncirculated condition.
One of these nickels sold for around $15,000 in 2007. Such a nickel has never been sold for such a high price.
Whoever possessed this coin was incredibly lucky, as it was an MS67 grade by the PCGS.
1947 Jefferson Nickel Error List
The nickels that were never meant to be produced are among the most valuable 1947 nickels. We’re going to look at a few of the 1947 nickel errors and variants that are worth pursuing here… there’s a wide range of them!
-1947 Doubled Die Nickels
There are no known examples of valuable 1947 nickel doubled die mistakes. However, keep an eye out for minor doubled dies in 1947 nickels that are:
- The reverse (heads side) of the coin features a view of
- On the reverse, there are inscriptions reading “MONTICELLO” and/or “FIVE CENTS.”
- Another letter on the coin has been doubled-hub
On the Jefferson nickel, those are the places where doubling is most frequently seen. Any doubling on a nickel should be kept because they might be worth $25 to $50 each, or even more!
-1947 Repunched Mint Mark Nickel
The mint mark was in an incorrect position and had to be repunched, resulting in a repunched mint mark nickel error. As a result, the mint mark is doubled in size. When you examine the coin from varied perspectives, you may also see a mint mark placed above another.
Such a nickel’s value will fluctuate. Since it will depend on the nickel error’s magnitude. Most of the repunched mint mark coinage, on the other hand, will sell for $3 to $10.
-1947 Off-Center Nickel
One of the most well-known nickel errors is the off-center mistake. When the coin is struck off-center, this happens. The amount of off-center nickel value will vary depending on the amount of error.
The nickel’s worth will be ten dollars or more if the off-center is between 5% and 10%, for example. Nevertheless, you may easily get a hundred dollars or more for this off-center error coin if the off-center mistake is 50% or more.
The greater the off-center, the more valuable your coin will be in general. As a rule of thumb, the higher the off-center, the more valuable.
Learn More About Jefferson Nickel Value Depth:
1943 1950 1957 1964
1947 Jefferson Nickel Value by Grading
The higher value of your coin is determined by determining its collectible quality. Judging the condition of a coin is known as grading and it’s the surface state of a coin.
When the grade of a minted coin is Mint State. After a period in use, the surface begins to wear down, and grades are used to recognize and characterize different degrees of wear.
What you’re really trying to determine while inspecting a coin is how it might be evaluated.
- The high price for Jefferson Nickel, 1947-S MS in Auction Record by Heritage Auctions MS67 sold for $14,950 in 2007.
- The high price for Jefferson Nickel, 1947-D MS in Auction Record by Legend Rare Coin Auctions MS68FS sold for $12,925 in 2020.
- The high price for Jefferson Nickel, 1947 MS in Auction Record by eBay sold for $10,000 in 2021.
While professional grading services grade the nickels, you may use the following standards to have a better sense of what a graded Jefferson Nickel may resemble depending on its condition.
-Extremely Fine: Very good Jefferson Nickels may have minor scratches and wear, but they are still valuable to coin collectors. These coins will appear to be in nearly perfect condition, even if they have just minor surface scratches. In reality, the coin’s flaws can only be seen under a microscope.
-Average Circulated Condition: These vintage Jefferson nickels drop below the Extremely Fine category because of their average circulated condition, which includes merging important details. This moderate to heavy wear state is seen in the majority of nickels from the 1940s
The small contours are missing from the cheek just behind the mouth. The jaw below and the profile of the cheek above both have a continuous flat area that connects Jefferson’s cheek near the mouth.
The columns on the reverse are barely visible, and the building’s edges are merging with the roof lines. Monticello is very faded.
-Good: This is the grade assigned to most Jefferson Nickels currently on the market. These coins have visible scratches or damage and have been extensively utilized and traded throughout the years. In comparison to coins in better physical shape, coin collectors may choose not to collect these.
-Uncirculated: In general, this is the kind of Jefferson Nickel sought after by serious collectors. Since these coins have never been in circulation, they should look to be freshly struck and just issued by the mint. These coins seem to be freshly minted and have not aged, just take a quick examination.
Did you know it is still feasible to create a full collection of valuable Jefferson nickels from circulation today?! It’s difficult, but it’s feasible to accomplish. It’s a common practice among many collectors.
Want to learn how to get your hands on old Jefferson nickels for less than what they’re worth? You’ve probably come across a variety of information on the 1947 Jefferson nickel value on the Internet, leaving you even more bewildered about what your nickel is really worth.