If you are a coin collector, you have likely heard of the 1947 nickel, known formally as the Jefferson nickel. This blog will help you get insight into the 1947 nickel value, showcase photos, discuss the importance of mint marks, and answer some frequently asked questions about these pieces of Americana.
1947 Jefferson Nickel Value
According to the Us Coin Apps Guide, In October 2023 Average Jefferson 1956 Nickel Value/Worth was $0.10 and $0.50. However the open Market Uncirculated value of a 1947 nickel sold for $215.
History of the 1947 Jefferson Nickel
The 1947 Jefferson Nickel is an interesting coin that has been popular ever since it first came out. This coin took the place of the Buffalo Nickel in 1938, meaning it’s been around for a really long time!
What’s cool about this coin is that it has a picture of President Jefferson on one side, with the words ‘IN GOD WE TRUST’ near the edge on that side. On the other side, there’s a picture of Jefferson’s home, which is called Monticello.
The 1947 Jefferson Nickel has been made with 75% copper and 25% nickel and weighs five grams. Unfortunately, even though lots of these coins were made, they weren’t all created perfectly, so sometimes some of them look a bit off-center.
As for the 1947 version of this nickel, the Philadelphia Mint made 95,000,000 of them. This is more than other coins from that time, but still isn’t an extremely high number.
While these nickels aren’t usually worth a lot unless they are in really good condition, if they have some kind of unique error, they might be worth more to some collectors!
Read also: Lincoln 1956 Penny Value
Specifications of 1947 Jefferson Nickel:
Category: Jefferson Nickel
Mint Mark: Philadelphia (No Mint Mark)
Face Value: $0.05
Price: $0.10 cents – $75.00+
Composition of 1949 Nickel: 75% Copper, 25% Nickel
Diameter: 21.2 mm
Obverse/Reverse Designer: Felix Schlag
Value of the 1947 Jefferson Nickel
The value of a 1947 Jefferson Nickel can vary depending on its condition, mintmark, and if it has any specific errors. In general:
- In regular condition, the nickel might be worth a bit more than its face value.
- If your 1947 nickel is like new (not worn out at all), it could be worth a lot more. Some nice-looking nickels even sold for more than $4,000!
1947 Nickel Value Chart
List Of 1947 Nickel Errors To Look For
There are also some special kinds of 1947 nickels that people made by mistake when they were producing the coins. These mistakes can make these nickels worth even more! Here are a few examples:
- 1947 Doubled Die Nickels – This happens when the coin gets stamped twice by accident, which can make some of the pictures or words look doubled.
- 1947 Repunched Mintmark Nickels – This happens when the small letter that tells you where the nickel was made gets stamped more than once by mistake. You could see more than one letter or an oddly shaped letter.
- 1947 Off-Center Nickels – Normally, the pictures and words on a coin are perfectly centered. But sometimes, they get stamped a bit off to the side by accident, and an off-center nickel can be worth a lot more than a regular one! may also like to read 1971 Quarter Value, Worth
How Much is a 1947 Nickel Worth Today?
If the 1984 Quarter is in really good condition, it could be worth about 33 cents. But if it is in perfect condition, never been used, it could be worth between 85 cents and $13.
Tips For Collecting Valuable Jefferson Nickels From The 1940s
Starting a collection of Jefferson Nickels from the 1940s can be a fun and rewarding hobby. Here are some simplified tips to help you start your collection:
- Know the Different Coin Conditions: Coins can be in different conditions; from “Poor” (very worn out) to “Uncirculated” (like new). The better condition a coin is in, the more it might be worth. So try to find nickels that are in good shape!
- Understand Mint Marks: Some nickels were made in different places, and this is shown by a small letter on the coin called a mint mark. For example, coins with a “D” were made in Denver, coins with an “S” were made in San Francisco, and coins with no letter were made in Philadelphia. Sometimes, the place where the coin was made can affect its value.
- Look for Errors: As I mentioned before, sometimes mistakes were made when the nickels were being produced. These mistakes can actually make the coins worth more! So, keep an eye out for double designs, off-center designs, or anything else that looks unusual.
- Store Your Coins Properly: To keep your nickels in good condition, you should store them in a cool, dry place. You might want to use special coin holders, folders, or albums to protect them from damage.
- Research Values: The value of coins can change over time based on different factors. Learning about current coin values can help you understand what your nickels might be worth. Websites, books, and coin experts can help with this.
- Check Your Change: You never know when a valuable nickel might turn up in your everyday change. So make sure to check your coins regularly!
- Be Patient: Collecting coins is a hobby that requires patience. You might not find the coin you’re looking for right away, but don’t get discouraged. The fun is in the hunt!
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Frequently Asked Question
Is a 1947 nickel real silver?
No, a 1947 nickel is not made of silver. The Jefferson nickels minted from 1946 onwards (after the end of what was known as the Silver War Nickel years from 1942-1945) were made with 75% copper and 25% nickel.
Is the Jefferson nickel worth anything?
A regular Jefferson nickel without any errors or special features is typically worth its face value of five cents. However, unique variations, error nickels, or those in excellent, uncirculated condition can be worth more to special collectors.
How many 1947 nickels were made?
In 1947, over 95 million Jefferson nickels were minted in Philadelphia, and approximately 37 million were produced in the Denver mine.
Are Jefferson nickels rare?
Regular Jefferson nickels are not considered rare. However, specific minting errors or unique features might make certain Jefferson nickels rarer and more valuable to collectors.
What are the most valuable nickels?
Some of the most valuable nickels for collectors include the 1913 Liberty Head V Nickel, the 1945-P War Nickel, or nickels with rare minting errors or unique features.
What nickel is worth a million dollars?
The 1913 Liberty Head V Nickel sold for $3.7 million at auction in 2010, making it one of the most valuable nickels.
What rare nickel sells for 4.5 million?
A 1913 Liberty Head nickel sold at auction for $4.5 million in January 2018, which is one of the highest prices ever paid for a nickel.
What kind of nickel is rare?
Nickels that are considered rare usually include pre-1938 Buffalo nickels, pre-1913 Liberty Head nickels, and rare War Nickels from 1942-1945. Jefferson nickels with unique minting errors or features might also be considered rare.
Date by Date In Depth Jefferson Nickel Values 1938 to 1981
|Jefferson Nickel Value By Date And Mint
|1938 Jefferson Nickel
|1947-D Jefferson Nickel
|1961 Jefferson Nickel
|1938 Proof Jefferson Nickel
|1948-P Jefferson Nickel
|1961-D Jefferson Nickel
|1938-D Jefferson Nickel
|1949 Jefferson Nickel
|1962 Jefferson Nickel
|1938-S Jefferson Nickel
|1949-D Jefferson Nickel
|1962-D Jefferson Nickel
|1939 Jefferson Nickel
|1950 Proof Jefferson Nickel
|1964 Jefferson Nickel
|1939 Proof Jefferson Nickel
|1950-P Jefferson Nickel
|1964-D Jefferson Nickel
|1939-D Jefferson Nickel
|1951 Jefferson Nickel
|1965 Jefferson Nickel
|1939-S Jefferson Nickel
|1951-D Jefferson Nickel
|1966 Jefferson Nickel
|1940-D Jefferson Nickel
|1952 Jefferson Nickel
|1967 Jefferson Nickel
|1941 Jefferson Nickel
|1952-D Jefferson Nickel
|1968-D Jefferson Nickel
|1941-S Jefferson Nickel
|1953 Jefferson Nickel
|1969-D Jefferson Nickel
|1942-P Jefferson Nickel
|1953-D Jefferson Nickel
|1970-D Jefferson Nickel
|1942-S Jefferson Nickel
|1954 Jefferson Nickel
|1971 Jefferson Nickel
|1943-P Jefferson Nickel
|1954-D Jefferson Nickel
|1972 Jefferson Nickel
|1943-D Jefferson Nickel
|1954-S Jefferson Nickel
|1973 Jefferson Nickel
|1943-S Jefferson Nickel
|1955 Jefferson Nickel
|1974 Jefferson Nickel
|1944-P Jefferson Nickel
|1955-D/S Jefferson Nickel
|1975 Jefferson Nickel
|1944-D Jefferson Nickel
|1956 Jefferson Nickel
|1976 Jefferson Nickel
|1944-S Jefferson Nickel
|1956-D Jefferson Nickel
|1976-S Jefferson Nickel
|1945-P Jefferson Nickel
|1957 Jefferson Nickel
|1977 Jefferson Nickel
|1945-D Jefferson Nickel
|1957-D Jefferson Nickel
|1978 Jefferson Nickel
|1945-S Jefferson Nickel
|1958 Jefferson Nickel
|1979-P Jefferson Nickel
|1946-P Jefferson Nickel
|1959 Jefferson Nickel
|1980-P Jefferson Nickel
|1947-P Jefferson Nickel
|1960 Jefferson Nickel
|1981 Jefferson Nickel