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It was anticipated that these replacement coins would be withdrawn by the Treasury after the war, so a large distinguishing mark was needed for the ease of clerks.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: 10/7/2014

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

1942 P SILVER 5C MS
  GVGFVF4045505355586061626364656667686970
Base $ 1.25 1.30 1.45 1.80 2.00 2.00 2.25 2.50 2.75 4.00 6.00 6.25 7.25 8.25 14.00 20.00 33.00 88.00 4500 - -
$ - - - - - - - - - - - - - -
1942 P SILVER 5C MS Five Full Steps
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - 30.00 52.50 160 1250 - - -
$ - - - - - - - - - - 65.00 200 - -
1942 P SILVER 5C MS Six Full Steps
  GVGFVF4045505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - 500 - - - -
$ - - - - - - - - - - - - - -
NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 4302
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
4/16/2000 PCGS MS 65   Five Full Steps Teletrade Auction 1296, 1296/Lot# 1154 $59.95
12/26/2004 NGC MS 67   Teletrade Auction 1979, 1979/Lot# 1133 $38.00
5/29/2006 NGC MS 66   David Lawrence Rare Coins Internet Auction # 89, 94/Lot# 338 $379.50
10/30/2006 NGC MS 67   Heritage Auctions 2006 October Dallas Online Session #429, 429/Lot# 7711 $345.00
10/6/2013 PCGS MS 66   GreatCollections GreatCollections Coin Auctions 10/06/2013, 95/Lot# 130618 $34.00
6/15/2014 PCGS MS 67   Heritage Auctions Internet Coin Auction Session(1), 131425/Lot# 28068 $70.00
9/5/2014 NGC MS 67   Five Full Steps Stack's Bowers iAuction 3498, 6052/Lot# 20081 $282.00


NGC Registry

NGC Registry Score 1942 P SILVER 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base366666699912202024285485135719385244315922
466666799101520212537641023301763404549280
000000799101520212537641023301763404500
000000899111720232745751185242808423800
1942 P SILVER 5C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base366666699916242428325994143774401646176056
466666799111924252941711103531855421650970
000000799111924252941711103531855421600
000000899142124273150821275642935441700
1942 P SILVER 5C MS Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base67677276818594981021061151191391591792053579033747381742175656
676973788288959910310911612614616618825653918513770395046970
000000959910310911612614616618825653918513770395000
0000009710110511211813215217219630672127993794408400
1942 P SILVER 5C MS Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base7272768189949810210611511912714716719021643711383894413545596081
7273788491959910310911612213415417519929067120573974427650660
0000009910310911612213415417519929067120573974427600
00000010110511211812414016018220736390429754055441800
Registry Image Gallery
Grade: MS 67 6FS
Points: 3894
Owner: lehigh96
 
Grade: MS 67 5FS
Points: 3747
Owner: HouserFD124
 
View the Registry Image Gallery

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