Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 19,365
Obverse Designer: Felix Schlag
Reverse Designer: Felix Schlag
Composition: Copper-Nickel
Weight: 5.0000g
Diameter: 21.2mm
Edge: Plain
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1938 5C PF obverse 1938 5C PF reverse


  
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VarietyPlus®

There are no NGC varieties for this coin.

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: 2/22/2017

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

1938 5C PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 22.00 30.00 38.00 60.00 95.00 110 165 385 3650 - -
$ - - - - - - - - - - 120 210 550 -
1938 5C PF Cameo
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - 4000 - - -
$ - - - - - - - - - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 1280
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
3/24/2004 PCGS PF 67   Teletrade Auction 1861, 1861/Lot# 1041 $374.00
6/6/2005 PCGS PF 66   Heritage Auctions 2005 June Long Beach Bullet Auction #377, 377/Lot# 341 $115.00
2/10/2008 PCGS PF 67   Goldberg February 10-13, 2008 Pre-Long Beach Coin and Currency Auction, 44/Lot# 1959 $312.00
10/27/2008 NGC PF 65   David Lawrence Rare Coins Monday - Internet Auction # 295, 301/Lot# 272 $92.00
1/3/2011 PCGS PF 67   Teletrade Auction 2989, 2989/Lot# 1137 $287.50
2/10/2013 PCGS PF 64   GreatCollections GreatCollections Coin Auctions 02/10/2013, 61/Lot# 94434 $92.40
7/25/2014 PCGS PF 66   Stack's Bowers iAuction 3492, 6043/Lot# 22132 $129.25


NGC Registry

NGC Registry Score 1938 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base283237414550545963728189123155237351395539966344739844396
29343842475156606675841001341822753664436811793362641210
00000056606675841001341822753664436811793362600
00000057626978861121442103133804918242620380500
1938 5C PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base4145505459677276818594981351712583814565793447360112784582
424751566269737882889511014720029940649715353498360123790
000000737882889511014720029940649715353498360100
000000757984919712315922934043153824913550360100
Registry Image Gallery
Grade: PF 68
Points: 3447
Owner: Montana Grampa
 
Grade: PF 67
Points: 966
Owner: Chesapeake Coin
 
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