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Jefferson Five Cents (1938-Date)

Still in production today, the Jefferson Nickel has become a familiar coin to generations of Americans. Introduced in 1938, it is the only one of our current coins being made in its original composition, though this continuity was interrupted briefly by the emergency of World War II. After more than six decades of minting, this humble coin continues to honor the nation’s third president.

Thomas Jefferson was a man of countless talents, and he possessed an unceasingly curious nature. His achievements in architecture (his own home, Monticello, being but one example), combined with his triumphs as a statesman, scientist and philosopher, have earned for Jefferson a lasting legacy as one of the truly great figures in American history. It was seemingly inevitable that once George Washington had been honored with a circulating coin in 1932, Jefferson could not be far behind in achieving such recognition.

Thomas Jefferson was born in 1743 in Virginia, in what was then Goochland (now Albemarle) County. Raised in a prosperous home, he took full advantage of the educational opportunities this offered him. Though he was proud to describe himself as merely a gentleman farmer, he began a long and illustrious career of public service in 1769 by joining the Virginia House of Burgesses. The onset of the American War of Independence six years later found him a member of the Second Continental Congress. In this capacity he became the principal author of the Declaration of Independence. Returning to Virginia to serve as its governor during the closing years of the war, he later rejoined the Continental Congress for the term 1783-84.

Among the most pressing issues of the day was settlement of the nation’s war debt and the establishment of a monetary system. Jefferson devised a decimal coinage system, the principal points of which were ultimately adopted some years later. Jefferson then became America’s minister to France in 1785, returning home upon the election of George Washington as the first president of the federal republic. Jefferson’s term as secretary of state found him often at odds with the dominant Federalist Party, and this only intensified during his vice-presidency under President John Adams (1797-1801).

A Republican, Jefferson succeeded Adams, serving two terms as president of the USA (1801-09). Highlights of his presidency included the Louisiana Purchase of 1803 and America’s battles against the Barbary pirates. Retirement for Jefferson was anything but quiet, and among his achievements were the founding of the University of Virgina and the design of its buildings. He maintained a lively and stimulating correspondence with figures around the world, until death claimed him at his beloved home of Monticello in 1826. In a remarkable coincidence, his passing fell on July 4, fifty years to the day after the signing of the Declaration of Independence. In an even greater twist, old rival John Adams also succumbed on that very same day.

Early in 1938, the Treasury Department announced a public competition for designs to replace those of the current five-cent piece. No reason was given for retiring James Earle Fraser’s Indian Head/Buffalo Nickel, but that design had achieved its statutory minimum production of 25 years, and therefore no legal obstacle stood in the way of replacing it. The new coin would honor Thomas Jefferson, and the competition rules specified that its obverse was to feature “an authentic portrait” of the third president. The rules further required that the reverse of the coin depict “a representation of Monticello, Jefferson’s historic home near Charlottesville.”

The contest was open to anyone who could deliver models that would work within the Mint’s technical requirements, and these specifications were provided in the public announcement. Of some 390 models submitted, those of German-American sculptor Felix Schlag were selected, and he was awarded the $1000 prize in April of 1938.

Felix Schlag’s portrait of Jefferson was based on a marble bust sketched from life by famed French sculptor Jean-Antoine Houdon. Schlag’s dramatic perspective view of Monticello was rejected by the Federal Commission of Fine Arts, which acted in an advisory capacity on all matters of public art. In addition to recommending a more conventional, elevation view of Jefferson’s home, the commission suggested that Schlag’s stylized, Art Deco lettering be replaced with a more traditional Roman script. Schlag complied with its requests, submitting revised models for review in July of 1938. After a few more changes were made to the lettering, principally enlargement of the value FIVE CENTS, the models were approved. With all of these delays, production of the new coins did not commence until September, and the first examples were released to circulation two months later.

The Jefferson Nickel features a left-facing bust of the president, dressed in a coat of the period and wearing a peruke wig. Arranged in arcs around the border are the motto IN GOD WE TRUST to the left, with LIBERTY and the date to the right, separated by a single star. On the reverse is a front elevation view of Jefferson’s home, with the name MONTICELLO beneath it. Around the border are the legends E PLURIBUS UNUM above and UNITED STATES OF AMERICA below. Beneath MONTICELLO is the value FIVE CENTS. Beginning in 1966, Schlag’s initials FS appear below the truncation of Jefferson’s bust.

The mints at Philadelphia (no mintmark until 1980), Denver (mintmark ‘D’) and San Francisco (‘S’) each coined Jefferson Nickels from 1938 onward. Mintmarks appeared to the right of Monticello through 1964, when their use was suspended due to a nationwide coin shortage. Mintmarks were restored beginning in 1968, though since that date they have been placed beneath the date, to the right of Jefferson’s peruke. San Francisco suspended coining operations after 1954, but Jeffersons bearing the popular ‘S’ mintmark were again made for circulation in 1968, 1969 and 1970. Beginning in 1971 and continuing to the present day, San Francisco has struck only proof examples for collectors.

Mintages from all three mints have varied over the course of the series, with some of these figures being small by modern standards. The dates considered “key” coins due to their low mintages include 1938-D, 1938-S, 1939-D, 1939-S and 1950-D. None are truly rare, however, as the Jefferson Nickel series coincides with the era in which Americans preserved rolls and even entire bags of uncirculated coins of each and every date. Instead of date rarity, the focus in collecting Jeffersons is on superb quality. Until the late 1980s, when lowering of this coin’s relief resulted in consistently sharp strikes, most Jefferson Nickels were seldom found with all details distinct. Specifically, the steps of Monticello are typically incomplete, and coins having “full steps” receive intense collector interest.

The novelty of the Jefferson Nickel caused most examples to be saved by a curious public during its first few years, and coins of this type did not become a familiar sight in circulation until about 1940. Shortly thereafter, the onset of World War II prompted the rationing of many commodities, certain metals among them. Nickel was highly valued for use in armor plating, and Congress ordered the removal of this metal from the five-cent piece, effective October 8, 1942. From that date, and lasting through the end of 1945, five-cent pieces bore the regular design but were minted from an alloy of copper, silver and manganese. It was anticipated that these emergency coins would be withdrawn from circulation after the war, so a prominent distinguishing feature was added. Coins from all three mints bore very large mintmarks above the dome of Monticello, and the letter ‘P’ was used as a mintmark for the first time on a U. S. coin. These “war nickels” proved quite satisfactory in circulation, and they were not immediately withdrawn. Instead, they remained a familiar sight until the mid-1960s, when rising silver prices caused them to be hoarded for their bullion value.

As part of it Westward Journey commemorative program recognizing the bicentennial of the Louisiana Purchase and Lewis and Clark's subsequent Expedition into America's interior, the U. S. Mint produced four short-lived variants of the Jefferson Nickel during 2004-05. The two nickels for 2004 featured Schlag's familiar obverse paired with distinctive reverse types. Mint sculptor Norman Nemeth adapated the first of these from Indian Peace Medals of the Jefferson and later administrations. It depicts the clasped hands of a soldier and a Native American, and above these are a crossed peace pipe and tomahawk with the words LOUISIANA PURCHASE. The second of these circulating commemoratives illustrates the keel boat used by the expedition's personnel to navigate the interior rivers, and below this are the words LEWIS & CLARK. A new, profile bust of Jefferson appears on the obverse of both 2005 nickels. This was designed by Joe Fitzgerald and modeled for coinage by the Mint's Don Everhart. Reverse types included a bison reminiscent of that on the nickels of 1913-38, as well as a view of the Pacific Ocean as it was first viewed by the Lewis & Clark Expedition in 1805. Quoted on the coin is an entry from Clark's journal: "Ocean in view! O! The joy!" Yet another portrait of Thomas Jefferson debuted in 2006 and has continued since that time. Designed by Jamie Franki and sculpted by Donna Weaver of the Mint's staff, it shows the great statesman in a facing view offset to the left.

While the Jefferson Nickel is a handsome coin in all its configurations, it serves an additional purpose in honoring a truly great American. In this role, it is likely to continue for many years to come. For collectors, completion of the Jefferson series remains an inexpensive and attainable goal.

Coins in Category

1938 5C MS 1938 D JEFFERSON 5C MS 1938 S 5C MS 1939 5C MS 1939 REV OF 38 5C MS 1939 REV OF 40 5C MS 1939 D 5C MS 1939 D REV OF 38 5C MS 1939 D REV OF 40 5C MS 1939 S 5C MS 1939 S REV OF 38 5C MS 1939 S REV OF 40 5C MS 1940 5C MS 1940 D 5C MS 1940 S 5C MS 1941 5C MS 1941 D 5C MS 1941 S 5C MS 1942 NICKEL 5C MS 1942 D 5C MS 1942 P SILVER 5C MS 1942 S 5C MS 1943 P 5C MS 1943/2 P 5C MS 1943 D 5C MS 1943 S 5C MS 1944 P 5C MS 1944 D 5C MS 1944 S 5C MS 1945 P 5C MS 1945 D 5C MS 1945 S 5C MS 1946 5C MS 1946 D 5C MS 1946 S 5C MS 1947 5C MS 1947 D 5C MS 1947 S 5C MS 1948 5C MS 1948 D 5C MS 1948 S 5C MS 1949 5C MS 1949 D 5C MS 1949 S 5C MS 1950 5C MS 1950 D 5C MS 1951 5C MS 1951 D 5C MS 1951 S 5C MS 1952 5C MS 1952 D 5C MS 1952 S 5C MS 1953 5C MS 1953 D 5C MS 1953 S 5C MS 1954 5C MS 1954 D 5C MS 1954 S 5C MS 1955 5C MS 1955 D 5C MS 1955 D/S 5C MS 1956 5C MS 1956 D 5C MS 1957 5C MS 1957 D 5C MS 1958 5C MS 1958 D 5C MS 1959 5C MS 1959 D 5C MS 1960 5C MS 1960 D 5C MS 1961 5C MS 1961 D 5C MS 1962 5C MS 1962 D 5C MS 1963 5C MS 1963 D 5C MS 1964 5C MS 1964 D 5C MS 1965 5C MS 1966 5C MS 1967 5C MS 1968 D 5C MS 1968 S 5C MS 1969 D 5C MS 1969 S 5C MS 1970 D 5C MS 1970 S 5C MS 1971 5C MS 1971 D 5C MS 1972 5C MS 1972 D 5C MS 1973 5C MS 1973 D 5C MS 1974 5C MS 1974 D 5C MS 1975 5C MS 1975 D 5C MS 1976 5C MS 1976 D 5C MS 1977 5C MS 1977 D 5C MS 1978 5C MS 1978 D 5C MS 1979 5C MS 1979 D 5C MS 1980 P 5C MS 1980 D 5C MS 1981 P 5C MS 1981 D 5C MS 1982 P 5C MS 1982 D 5C MS 1983 P 5C MS 1983 D 5C MS 1984 P 5C MS 1984 D 5C MS 1985 P 5C MS 1985 D 5C MS 1986 P 5C MS 1986 D 5C MS 1987 P 5C MS 1987 D 5C MS 1988 P 5C MS 1988 D 5C MS 1989 P 5C MS 1989 D 5C MS 1990 P 5C MS 1990 D 5C MS 1991 P 5C MS 1991 D 5C MS 1992 P 5C MS 1992 D 5C MS 1993 P 5C MS 1993 D 5C MS 1994 P 5C MS 1994 D 5C MS 1995 P 5C MS 1995 D 5C MS 1996 P 5C MS 1996 D 5C MS 1997 P 5C MS 1997 D 5C MS 1998 P 5C MS 1998 D 5C MS 1999 P 5C MS 1999 D 5C MS 2000 P 5C MS 2000 D 5C MS 2001 P 5C MS 2001 D 5C MS 2002 P 5C MS 2002 D 5C MS 2003 P 5C MS 2003 D 5C MS 2004 P HANDSHAKE 5C MS 2004 D HANDSHAKE 5C MS 2004 P KEELBOAT 5C MS 2004 D KEELBOAT 5C MS 2005 P BISON 5C MS 2005 P SMS BISON 5C MS 2005 D BISON 5C MS 2005 D SMS BISON 5C MS 2005 P OCEAN VIEW 5C MS 2005 P SMS OCEAN VIEW 5C MS 2005 D OCEAN VIEW 5C MS 2005 D SMS OCEAN VIEW 5C MS 2006 P 5C MS 2006 P SMS 5C MS 2006 D 5C MS 2006 D SMS 5C MS 2007 P 5C MS 2007 P SMS 5C MS 2007 D 5C MS 2007 D SMS 5C MS 2008 P 5C MS 2008 P SMS 5C MS 2008 D 5C MS 2008 D SMS 5C MS 2009 P 5C MS 2009 P SMS 5C MS 2009 D 5C MS 2009 D SMS 5C MS 2010 P 5C MS 2010 P SMS 5C MS 2010 D 5C MS 2010 D SMS 5C MS 2011 P 5C MS 2011 D 5C MS 2012 P 5C MS 2012 D 5C MS 2013 P 5C MS 2013 D 5C MS 2014 P 5C MS 2014 D 5C MS 2015 P 5C MS 2015 D 5C MS 2016 P 5C MS 2016 D 5C MS 2017 P 5C MS 2017 D 5C MS 2018 P 5C MS 2018 D 5C MS 2019 P 5C MS 2019 D 5C MS 2020 P 5C MS 2020 D 5C MS
1938 5C PF 1939 5C PF 1939 REV OF 38 5C PF 1939 REV OF 40 5C PF 1940 5C PF 1940 REV OF 38 5C PF 1940 REV OF 40 5C PF 1941 5C PF 1942 NICKEL 5C PF 1942 P SILVER 5C PF 1950 5C PF 1951 5C PF 1952 5C PF 1953 5C PF 1954 5C PF 1955 5C PF 1956 5C PF 1957 5C PF 1958 5C PF 1959 5C PF 1960 5C PF 1961 5C PF 1962 5C PF 1963 5C PF 1964 5C PF 1964 5C SP 1965 SMS 5C MS 1966 SMS 5C MS 1967 SMS 5C MS 1968 S 5C PF 1969 S 5C PF 1970 S 5C PF 1971 S 5C PF 1971 NO S 5C PF 1972 S 5C PF 1973 S 5C PF 1974 S 5C PF 1975 S 5C PF 1976 S 5C PF 1977 S 5C PF 1978 S 5C PF 1979 S 5C PF 1979 S TYPE 1 5C PF 1979 S TYPE 2 5C PF 1980 S 5C PF 1981 S 5C PF 1981 S TYPE 1 5C PF 1981 S TYPE 2 5C PF 1982 S 5C PF 1983 S 5C PF 1984 S 5C PF 1985 S 5C PF 1986 S 5C PF 1987 S 5C PF 1988 S 5C PF 1989 S 5C PF 1990 S 5C PF 1991 S 5C PF 1992 S 5C PF 1993 S 5C PF 1994 S 5C PF 1994 P 5C SP 1995 S 5C PF 1996 S 5C PF 1997 S 5C PF 1997 P 5C SP 1998 S 5C PF 1999 S 5C PF 2000 S 5C PF 2001 S 5C PF 2002 S 5C PF 2003 S 5C PF 2004 S HANDSHAKE 5C PF 2004 S KEELBOAT 5C PF 2005 S BISON 5C PF 2005 S OCEAN VIEW 5C PF 2006 S 5C PF 2007 S 5C PF 2008 S 5C PF 2009 S 5C PF 2010 S 5C PF 2011 S 5C PF 2012 S 5C PF 2013 S 5C PF 2014 S 5C PF 2015 S 5C PF 2016 S 5C PF 2017 S 5C SP 2017 S 5C PF 2018 S 5C PF 2018 S 5C RP 2019 S 5C PF 2020 S 5C PF 2020 W 5C PF 2020 W 5C RP 2021 S 5C PF

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NGC Auction Central Disclaimer

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