Here’s an overview of the value of a 1962 Jefferson nickel:
- Circulated: Most 1962 Jefferson nickels in circulated condition are worth close to their face value, roughly $0.05 to $0.10.
- Uncirculated (Mint State): These coins will have no scratches or signs of wear.
– No Mint Mark (Philadelphia): Value ranges from $2 (MS60) to $37,500 (MS67, Full Steps).
– “D” Mint Mark (Denver): Value ranges from $20 (MS60) to $5,000 (MS67, Full Steps).
- Full Steps (FS): This designation indicates a sharply struck coin with all five steps of Monticello clearly visible on the reverse. Coins with the Full Steps designation command higher values.
- Proof Coins: These coins were specially minted for collectors with a mirror-like finish.
– No Mint Mark (Philadelphia): Value ranges from $4 (PR60) to $800 (PR69, Deep Cameo).
- Higher Grade: Uncirculated (Mint State) coins, especially those graded MS65 or higher (“gems”), are more valuable than circulated coins.
- Full Steps Designation: Coins with this designation are worth more than those without it.
- Errors and Varieties: Minting errors, such as double strikes, off-center strikes, or die cracks, can significantly increase a coin’s value. For example, a 1962-D nickel overstruck on a 1962-D cent is worth $2,000-$8,000+. A double struck 1962 nickel graded MS62 sold for $63.
- Cameo and Deep Cameo: These designations apply to proof coins with a strong contrast between frosted devices and reflective fields, making them more valuable.
- Mintage: Over 377 million 1962 Jefferson nickels were minted across the Philadelphia and Denver mints.
- Availability: While not particularly scarce, certain issues or high-quality coins can be harder to find.
- Professional Grading: For an accurate valuation, it’s recommended to have your coin professionally graded by a reputable service like PCGS or NGC.
In summary, while most circulated 1962 nickels are only worth a few cents, well-preserved examples, especially those with the Full Steps designation or notable errors, can be worth significantly more.
Are 1962 coins rare?
The 1962 Lincoln Memorial Cent is common in all grades. There are several die variations for this cent that include die doubling and different die matches. Most of these coins can be purchased without having to pay a premium.