Coin Values Moving with Precious Metals: Up-Dated 5/29/2023: Gold $1945 | Silver $23.25
Minted with silver as part of its alloy; 1945 nickel value is on a solid base. Silver fluctuates and these nickels move up and down with movement in silver price.
Collectors favor these silver nickels. Nice condition nickels no longer trade based on silver. Demand from collectors supports higher value. Using a step by step approach recognize and separate high premium coins.
Steps Leading to Value:
|1945 Jefferson Nickel Value|
|Condition of Coin|
|1945 Jefferson Nickel Value Up-Dated||5/29/2023|
Begin the step by step method to identify your coin and determine worth. Value of coins is supported by collectors; their preferences are both date and mint variety and when assembling a collection, close attention to nice, eye appealing examples.
1945 became the last year of the silver nickel era. All nickels dated 1945 are the silver variety. A slight separation in value is found identifying the branch mint issues. Millions of 1945 silver nickels were struck and most circulated for years, many for decades. With continued use the majority became very worn and these trade at silver content value.
"S" Mintmark on Reverse: San Francisco Mint Struck the Coin
San Francisco silver nickels are identified by the large "S" mintmark above Monticello on the reverse of the coin.
The placement and size of the "S" mark confirms the silver issue and a premium value. Grading condition further narrows value and potential collector condition coins.
"D" Mintmark on Reverse: Denver Mint Struck the Coin
With many collectors seeking nice condition silver nickels, Denver mint 1945 issues are closely inspected. 37.1 million silver nickels were struck at the Denver mint in 1945 and released into circulation. Finding a well-preserved example is the goal of collectors.
Identify the Denver coin by the large "D" above Monticello on the reverse. This also confirms the silver issue premium nickel.
P Mintmark on Reverse: Philadelphia Mint Struck the Coin
The last of the silver nickels were struck at Philadelphia in 1945. Producing just over 119 million to finish the silver nickel era. Striking more 1945's than the branch mints combined, the Philadelphia issue is the abundant variety.
Silver in the 1945 nickels is a solid base to value. Confirm the Philadelphia and silver variety by the large "P" mintmark on the reverse above the dome of Monticello. Next is to inspect the condition of the coin and determine possible higher collector condition and worth.
Grading Jefferson nickels begins with an assessment with the surface condition. Wear is the first consideration; it defines either a Mint State nickel or a circulated piece. The main value difference in the series is determining a Mint State coin from a worn coin. High points are examined to make a judgement.
Mint State: A coin with no wear to the surface is covered in original mint luster. This gives a coin its shine and brilliance. A major design element, Jefferson's hair is high in relief and looking at the top of his head, luster remains. Just below the part line is an additional high area, luster remains here as well. Color and texture match in both areas. No wear is seen helping place the coin in Mint State grade.
Areas of Jefferson's face and coat are all fully lustrous with no dulling and smoothing.
Extremely Fine: A major factor defining the Extremely Fine grade is light wear removing the original luster. Light wear is important, all small details remain, just slightly worn.
At the top of Jefferson's head, the hair is just showing small amounts of flatness. Details representing waves within the hair remain. Just below the central area is also showing signs of dulling and smoothness. Keeping the coin in Extremely Fine condition is the remaining small lines within the hair.
Most small, fine detail remains and the coin retains a well-defined appearance.
Fine: Wear has become noticeable as covering large areas creating flatness, defining the grade.
Hair at the top of the head is now smooth lacking any smaller fine line detail. Central areas of the head are now connected to the top of the head and a flat area extends from the ear upwards.
Although small details are worn and missing, all major contours are visible. Cheek and jaw are worn but not connected and only a slight merging of the collar line to shoulder is seen.
Good: Heavy wear and large flat areas is defining the look and grade of coin in Good condition.
Jefferson's hair from the top of his head to below the ear has lost all small details and contours. The flatness of his hair and merging of his forehead and cheek into one flat area places the grade in the Good range. Heavy wear is found at the shoulder and collar and connecting the two.
Both the date and lettering remain readable, protected by the rim. A slight amount of fading into the rim is visible, just touching the tops of the letters.
In depth look into the condition of old nickels and how it helps determine value.
Video, Images and Descriptions | Grading Jefferson Nickels
Silver Jefferson nickels are an era of the series (1942 to 1945) that is now experiencing solid premium value. The fact all are 30% silver and silver has risen from 45 cent an ounce in 1942 to $23.25 per once as of 5/29/2023 is a unique era to Jefferson nickels.
Recognizable by the large mintmarks on the reverse; millions of silver alloy nickels were minted. Freely circulating for decades, as silver prices remained in the 50 to 80 cent range until the early 1960's.
1945 became the last year these silver nickels were minted. From October 1942 until the end of authorization in December 1945 a grand total of 869 million entered circulation. All combined; 48,699,548 ounces of silver was used in production of these nickels.
By the early 1960's silver prices were rising and along with removal of silver from dimes, quarters, and half dollars in 1964; silver nickels disappeared from circulation. By 1964 silver was $1.29 per ounce, these nickels were now worth more than face value.
All pre 1946 nickels need a close look, not only for the silver issues but high-grade examples. Collectors are creating a demand for vintage nickels.
U.S. Mint. 1946 U.S. Mint Annual Report.
U.S. Mint. 1945 U.S. Mint Annual Report https://nnp.wustl.edu/library/book/338
U.S. Mint. 1965 U.S. Mint Annual Report https://nnp.wustl.edu/library/book/514150
Date by Date
In Depth Jefferson Nickel Values
1938 to 1964
Jefferson Nickel Values | Gaining Popularity
Early era dates standout with premiums, silver issues have enjoyed premiums over the years. Value chart lists all vintage nickel values. Follow the step by step method and determine how much all your old nickels are worth.
Old Nickel Values | Guide to Nickels
Starting with the old Shield nickel first minted in 1866 to the Liberty nickel. Followed by the very popular Buffalo nickel. 1945 nickels are part of the long running denomination. Value Charts and grading images identify rare nickels.
On occasion rare nickels do turn up... old better date buffalo nickels, valuable silver war nickels, even a few Jefferson nickels and others. Search your box of old coins and discover any collectible nickels.
Print the Coin Values Worksheet
List your Jefferson nickels and record their values. Identify and organize your collection, and keep a summary of all coins.
A study of Registry Set collection totals begins to identifies popular coin series. US coins are diverse in design and series. Collectors enjoy many themes of interest. Denominations and series are listed in order of popularity.
★ Coin Values Discovery finds 1945 Jefferson Nickel Value and...
All old U.S. coin values. Index page of images to identify your coin and text links to all coin series, from Cents to Gold. Value charts, grading images and a step by step procedure uncovers how much your box of old coins is worth.