Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 57,873,000
Catalog: KM-192a
Obverse Designer: Felix Schlag
Reverse Designer: Felix Schlag
Composition: Copper-Silver-Manganese
Fineness: 0.3500
Weight: 5.00 Grams
Diameter: 21.2mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1942 P SILVER 5C MS obverse 1942 P SILVER 5C MS reverse


  
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VarietyPlus®

There are no varieties for this coin.

Description & Analysis

The wartime need to reduce usage of copper and nickel for non-military production prompted the U. S. Mint to find a substitute composition for the five-cent piece. An alloy of 56% copper, 35% silver and 9% manganese was selected, as it would still work in vending machines and turnstiles. Production of these coins did not begin until the final quarter of 1942, but production was huge during those months.

It was anticipated that these replacement coins would be withdrawn by the Treasury after the war, so a large distinguishing mark was needed for the ease of clerks. This took the form of an oversize mintmark that was placed directly above the dome of Monticello. For the first time on a United States coin the Philadelphia Mint marked its product with the letter P.

The novelty of these coins led to the hoarding of many rolls, and 1942 P nickels are thus common in Mint State. This issue was quite well made overall, benefitting from the softer and more lustrous nature of the wartime alloy. Sharply struck examples are common, with a commensurate increase in the percentage of full steps coins.

Repunched mintmark varieties are numerous for this issue, but most are extremely minor in nature. It's likely that the large size of the mintmark punch made it difficult to impress fully in a single blow.

GRADE SUMMARY

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Price Guide

Last Updated: 1/14/2014

Click on a price to see historical prices, comparison charts and trends.

1942 P SILVER 5C MS
  GVGFVF4045505355586061626364656667686970
Base $ 1.62 1.64 1.68 1.74 1.80 1.80 1.86 1.92 2.40 3.90 5.40 5.75 6.90 8.05 13.20 21.25 31.25 67.60 3000 - -
$ - - - - - - - - - - 24.00 35.00 76.00 -
1942 P SILVER 5C MS Six Full Steps
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - 30.00 60.00 131 1010 - - -
$ - - - - - - - - - 34.00 67.00 147 1110 -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 4287
Low Grade: G
Average Grade: 66
High Grade: 68


Upcoming Auctions


Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
4/23/1997 NGC MS 67   Teletrade Auction 0939, 939/Lot# 1189 $29.75
1/29/2008 PCGS MS 67   Heritage Auctions Tuesday Internet Coin Auction #28021, 28021/Lot# 22189 $54.00
2/16/2009 NGC MS 67   David Lawrence Rare Coins Monday - Internet Auction # 336, 342/Lot# 350 $28.00
12/18/2011 PCGS MS 67   Heritage Auctions Internet Coin Auction Session(2), 131152/Lot# 27468 $59.00
2/28/2012 NGC MS 66   Stack's Bowers The March 2012 Baltimore Auction, 135/Lot# 108 $287.50
8/4/2013 NGC MS 66   GreatCollections GreatCollections Coin Auctions 08/04/2013, 86/Lot# 129292 $30.00
12/22/2013 NGC MS 67   Heritage Auctions Internet Coin Auction Session(1), 131353/Lot# 28071 $48.00


NGC Registry

NGC Registry Score 1942 P SILVER 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base366666699912162024285085127719385244315922
46666679910131721253561993241763404549280
00000079910131721253561993241763404500
000000899111418222642731135212807423800
1942 P SILVER 5C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base36666669999202428325494139768401646176056
46666679991221252939671093481850421650960
00000079991221252939671093481850421600
00000089991622263046801245582933441600
1942 P SILVER 5C MS Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base67677276818594981021061151191391591792053579033747381742175656
676873778288959910310911612514516518725553918513770395046960
000000959910310911612514516518725553918513770395000
0000009610010411211713215217219630672127993793408300
1942 P SILVER 5C MS Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base727276818994981021061151191271471671902163669083885413545596081
7273778390959910310911612113315317419826654619003968427650660
0000009910310911612113315317419826654619003968427600
00000010010411211712414016018220731672728924051441700
Registry Image Gallery
Grade: MS 67 6FS
Points: 3885
Owner: lehigh96
 
Grade: MS 67 5FS
Points: 3747
Owner: Big Kahuna
 
View the Registry Image Gallery

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