Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 19,365
Catalog: KM-192
Obverse Designer: Felix Schlag
Reverse Designer: Felix Schlag
Composition: Copper-Nickel
Weight: 5.00 Grams
Diameter: 21.2mm
Edge: Plain
Numismatic specification data provided by Krause Publications NumisMaster.
Link to this coin

1938 5C PF obverse 1938 5C PF reverse


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VarietyPlus®

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Description & Analysis

Proofs of the new Jefferson Nickel became available in the final months of 1938, and collectors ordered a large number by standards of the time. This was facilitated by the Treasury's policy of selling all proofs either in sets or as singles.

Since all of the 1938 proofs have the Reverse of 1938 hub with its indistinct steps, this feature may be a bit incomplete. Some proofs of this date also show minor touch-ups to the dies for the purpose of reinforcing the design.

Gems are fairly plentiful, yet the very high grades typical of later years are rare early dates in this series. The Mint's proof coining techniques simply didn't allow for absolute perfection. Coins having cameo contrast on both side are exceedingly rare, though a few one-sided cameo coins are also known.

Sculptor Felix Schlag purchased 150 examples of the 1938 proof nickel and had them placed within commemorative cards that he signed and notarized. He sold relatively few of these at the time (1939), and the remainder was wholesaled to a dealer in the early 1960s. Once fairly common, they are rarely seen today and command much more respect than when new.

GRADE SUMMARY

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Price Guide

Last Updated: 10/7/2014

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

1938 5C PF
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - 22.00 30.00 38.00 60.00 95.00 110 165 385 2500 - -
$ - - - - - - - - - - 120 210 550 -
1938 5C PF Cameo
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - - 3750 - - -
$ - - - - - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1217
Low Grade: 53
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
8/6/2003 PCGS PF 67   Heritage Auctions 2003 July Baltimore Bullet Sale #327, 327/Lot# 903 $345.00
9/6/2004 PCGS PF 67   Goldberg September 6-7, 2004 Pre-Long Beach Coin Auction, 26/Lot# 592 $575.00
9/19/2005 NGC PF 65   David Lawrence Rare Coins Internet-Only Auction #54, 59/Lot# 214 $92.00
3/28/2010 NGC PF 66   Heritage Auctions Internet Coin Auction #210041, 210041/Lot# 20045 $99.00
8/8/2011 PCGS PF 64   Teletrade Auction 3115, 3115/Lot# 1126 $86.25
12/18/2011 PCGS PF 66   Heritage Auctions Internet Coin Auction Session(1), 131152/Lot# 26166 $99.00
10/13/2013 NGC PF 66   GreatCollections GreatCollections Coin Auctions 10/13/2013, 96/Lot# 143803 $110.00
9/12/2014 PCGS PF 66   Stack's Bowers iAuction 3499, 6053/Lot# 21077 $88.13


NGC Registry

NGC Registry Score 1938 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base374145505459636772768589123155237351423539966275434868849
38424751566064697379861001341822753754626811562299852740
00000064697379861001341822753754626811562299800
00000066707582881121442103133995008242158324200
1938 5C PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base41455054596772768185949813517125838145657933453569471911294
424751566269737882889511014720029940649715013420395269110
000000737882889511014720029940649715013420395200
000000757984919712315922934043153824233494433600
Registry Image Gallery
Grade: PF 68
Points: 2754
Owner: Montana Grampa
 
Grade: PF 67
Points: 966
Owner: Chesapeake Coin
 
View the Registry Image Gallery

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