The value of a 1943 5-cent coin (Jefferson Nickel) can vary significantly depending on several factors, particularly its condition and mint mark.
- Wartime Nickels: Due to nickel shortages during World War II, 1942-1945 nickels were made with an alloy of 35% silver, 56% copper, and 9% manganese instead of the usual composition.
- Mint Mark: These “War Nickels” have a large mint mark (P, D, or S) located above Monticello on the reverse side of the coin, indicating the mint where they were produced (Philadelphia, Denver, or San Francisco).
- Circulated Condition:
– Philadelphia (P) and San Francisco (S) mints: Values for circulated coins typically range between $1 and $6.
– Denver (D) mint: Values for circulated coins are slightly higher, typically between $2 and $10, as the Denver Mint produced the lowest number of coins that year.
- Uncirculated Condition:
– Philadelphia (P) mint: Uncirculated coins in high grades (MS+) can be worth anywhere from $10 to $12,000 or more, especially for those with “Full Steps” (FS). The most valuable 1943-P nickel, with an overdate error and Full Steps in MS 67 grade, sold for $16,675 in 2008.
– San Francisco (S) mint: Uncirculated coins typically range from $7 to $80, but pristine, uncirculated specimens can fetch as much as $1,000. A Full Steps S mint mark in MS 67 grade was once auctioned for $9,000.
– Denver (D) mint: Uncirculated coins start at $20, with high-grade Full Steps specimens reaching $6,500 or more.
- Full Steps (FS): Refers to the coins with all five steps on Monticello clearly visible, signifying a higher-quality strike and adding to the value.
- Errors: Certain errors, such as a 1943 over 2 overdate or a double die obverse (doubling on Jefferson’s eye, “LIBERTY”, “1943”, and “IN GOD WE TRUST”), can significantly increase a coin’s value, potentially reaching thousands of dollars.
– An overdate variety where the 3 is stamped over a 2 can be worth $35 to over $16,000 in high grades.
– A double die error that creates the appearance of a second eye on Jefferson’s face can range from $35 to over $11,500.
– Coins struck off-center can be worth $100 to $500, and clipped planchets can fetch $50 to $300.
- Professional Evaluation: It’s highly recommended to consult a reputable coin dealer or have your coin professionally graded by a service like NGC to accurately determine its value.
- Online Resources: You can use online resources like the [NGC Price Guide] or the [Coin ID Scanner app] to get a general idea of the coin’s value based on its condition and features.
In summary, while even a circulated 1943 5-cent coin has some value due to its silver content and historical significance, its overall worth is heavily dependent on factors like its mint mark, condition (especially if it is uncirculated and has “Full Steps”), and the presence of any valuable errors.
What year is the rarest 5 cent coin?
Good point! 1988 5 Cent Mint Roll (Heads / Tails)
This is an honest example of the rarest Australian 5 cent coin issued into circulation.