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 NGC 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It was anticipated that these replacement coins would be withdrawn by the Treasury after the war, so a large distinguishing mark was needed for the ease of clerks.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
  GVGFVFXF5053555861626364656667686970
Base $ 1.25 1.30 1.45 1.80 2.00 2.25 2.50 2.75 4.00 6.25 7.25 8.25 14.00 20.00 33.00 88.00 4500 - -
$ - - - - - - - - - - - - -
1942 P SILVER 5C MS Five Full Steps
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - - - - 30.00 52.50 160 1250 - - -
$ - - - - - - - - - 65.00 200 - -
1942 P SILVER 5C MS Six Full Steps
  GVGFVFXF5053555861626364656667686970
Base $ - - - - - - - - - - - - - - 500 - - - -
$ - - - - - - - - - - - - -

The World Coin Price Guide is independently compiled by Krause Publications’ NumisMaster. NGC makes this information available to its website visitors as a free service, but in no way does the information provided represent NGC’s official opinion or policy. For example, varieties listed in the World Coin Price Guide may not necessarily be recognized by NGC. Please contact NGC Customer Service with any questions.

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Census

 
NGC GRADE SUMMARY

Total Graded: 4360
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
1/5/2004 PCGS MS 65   Teletrade Auction 1828, 1828/Lot# 1154 $44.00
1/9/2006 NGC MS 67   Heritage Auctions 2006 January Orlando, FL FUN Online Session #395, 395/Lot# 25525 $488.75
2/9/2009 NGC MS 67   David Lawrence Rare Coins Monday - Internet Auction # 333, 339/Lot# 368 $28.00
7/21/2013 NGC MS 67   GreatCollections GreatCollections Coin Auctions 07/21/2013, 84/Lot# 42755 $82.50
7/28/2013 NGC MS 66   Five Full Steps GreatCollections GreatCollections Coin Auctions 07/28/2013, 85/Lot# 103867 $137.50
5/11/2014 PCGS MS 66   Five Full Steps Heritage Auctions Internet Coin Auction Session(2), 131420/Lot# 28523 $101.05
6/15/2014 PCGS MS 66   Five Full Steps Heritage Auctions Internet Coin Auction Session(2), 131425/Lot# 28463 $86.00
12/19/2014 NGC MS 67   Stack's Bowers iAuction 3513, 6082/Lot# 22051 $270.25


NGC Registry

NGC Registry Score 1942 P SILVER 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base333366669121216202428328111381725179920252807
33346667101213172125294843313341750187422860
00000067101213172125294843313341750187400
00000068111215192327316578615291774195000
1942 P SILVER 5C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base3666666999162424283259941431206402046176056
466666799111924252941711104972144421950970
000000799111924252941711104972144421900
000000899142124273150821278523082441800
1942 P SILVER 5C MS Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base67677276818594981021061151191391591792052122373747381742175656
676973788288959910310911612614616618820722014073770395046970
000000959910310911612614616618820722014073770395000
0000009710110511211813215217219621022925773794408400
1942 P SILVER 5C MS Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base33336666912122012316719021643711383894413545596081
333466671012155413817519929067120573974427650660
000000671012155413817519929067120573974427600
000000681112178915218220736390429754055441800
Registry Image Gallery
Grade: MS 67 6FS
Points: 3894
Owner: lehigh96
 
Grade: MS 67 5FS
Points: 3747
Owner: Alan Lastufka
 
View the Registry Image Gallery

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