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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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: 8/30/2019

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

1938 5C PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 30.50 36.00 51.00 61.00 90.00 120 155 455 2750 - -
$ - - - - - - - - - - 130 175 480 -
1938 5C PF CA
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - 5750 - - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 1389
Low Grade: 53
Average Grade: 65
High Grade: 68

The chart showing 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series, 68 series.
NGC CENSUS DETAIL Last Updated: 8/11/2020 1938 5C PF
 PrAgGVGFVF4045505355586061626364656667686970Total
Base--------1----135319138752020418--1387
-----------------141--6
-----------------43---7
-----------------------
Total--------1----135319138752521119--1400
 --------0%----1%4%14%28%38%15%1%-- 
1938 5C PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base------------------2---2
-----------------------
-----------------------
-----------------------
Total------------------2---2
 ------------------100%--- 

NGC Registry

NGC Registry Score 1938 5C PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base41455054596772768185941391632232623814565794064437148125286
4247515662697378828810914718323630240649717414166451849700
0000007378828810914718323630240649717414166451800
0000007579849112415520324934143153829024269466500
1938 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base28323741455054596372811271472052413364235151073288539844396
29343842475156606675961341662172733654547011677325141210
00000056606675961341662172733654547011677325100
000000576269781121401862293043944848872281361800
Registry Image Gallery
Grade: PF 68
Points: 2885
Owner: SBH
 
Grade: PF 68
Points: 2885
Owner: Winalski
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.