Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 27,600
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 PF obverse 1942 P SILVER 5C PF reverse


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Description & Analysis

By late 1941 the U. S. Mint had already begun experimenting with alternative compositions for both the cent and five-cent piece. Copper and nickel were both essential to wartime production, and their use in coins was of secondary importance.

The U. S. preferred to resume coining silver half dimes similar to those last produced in 1873, but the vending industry could not retool to accept both this coin and the existing nickels. A poor compromise was arrived at in which the standard size five-cent piece was struck in an alloy of copper, silver and manganese. Coins of this composition were distinguished with oversized mintmarks placed above the dome of Monticello.

In retrospect it's quite remarkable that the Mint even offered proofs of the new issue. These coins were not struck until the closing months of 1942, when the Mint had its hands full meeting accelerated production figures. Wartime nickels were sold separately of the proof sets, and collectors gobbled them up for their novelty and perceived future rarity.

Since silver generally results in more satisfying coins than nickel, the number of high grade pieces is quite high for the period. The greater tendency of silver to produce pleasing toning certainly accounts for some of these gems.

GRADE SUMMARY

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Price Guide

Last Updated: 12/17/2013

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

1942 P SILVER 5C PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 63.60 66.00 74.40 81.60 95.00 116 150 306 1760 - -
$ - - - - - 71.00 74.00 83.00 91.00 106 130 168 340 -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2650
Low Grade: 58
Average Grade: 65
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
5/31/2004 PCGS Proof 67   Goldberg May 31 - June 2, 2004 Pre-Long Beach Coin and Currency Auction, 25/Lot# 516 $345.00
6/11/2006 PCGS Proof 67   Teletrade Auction 2217, 2217/Lot# 1116 $380.80
7/9/2007 NGC Proof 67   Teletrade Auction 2392, 2392/Lot# 1152 $336.00
9/24/2009 NGC Proof 65   David Lawrence Rare Coins Thursday - Internet Auction # 413, 419/Lot# 2264 $126.50
10/17/2012 PCGS   Stack's Bowers The November 2012 Baltimore Auction - US and World Lots - Live and Internet Only Sessions, 144/Lot# 24394 $26.45
1/9/2013 PCGS Proof 65   Heritage Auctions 2013 January 9-13 US Coin FUN Signature Auction - Orlando Session(7), 1181/Lot# 9319 $188.00
8/31/2014 PCGS Proof 66   GreatCollections GreatCollections Coin Auctions 08/31/2014, 189/Lot# 213578 $105.00


NGC Registry

NGC Registry Score 1942 P SILVER 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base33333336549423725125828532035146372511382464583610616
333333422671412412532672963303885508621580358874290
000000422671412412532672963303885508621580358800
0000005388018924625527630834042563710002022471200
1942 P SILVER 5C PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base6666666911118311381233133314551578170721242464275441411072819502
6666667431355011169126613731496162118462237256032166336136520
000000743135501116912661373149616211846223725603216633600
000000877159819120112991414153716641985235026573678853200
1942 P SILVER 5C PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base9999999126312311521258135714831609179921972525280741721078819537
9999991029834661187129113991525167219312306261932626377137040
000000102983466118712911399152516721931230626193262637700
0000001146103809122213241441156717352064241527133717858200
Registry Image Gallery
Grade: PF 68
Points: 3597
Owner: Zakmar
 
Grade: PF 68
Points: 2464
Owner: Flyboy
 
View the Registry Image Gallery

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Conservation Showcase: Proof 1942 5 Cent

6/28/2010  — A recent example from our conservation laboratory.
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