Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 57,873,000
Obverse Designer: Felix Schlag
Reverse Designer: Felix Schlag
Composition: Copper-Silver-Manganese
Fineness: 0.3500
Weight: 5.0000g
Diameter: 21.2mm
Edge: Plain
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1942 P SILVER 5C MS obverse 1942 P SILVER 5C MS reverse


  
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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It was anticipated that these replacement coins would be withdrawn by the Treasury after the war, so a large distinguishing mark was needed for the ease of clerks.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: 11/4/2015

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

1942 P SILVER 5C MS
  GVGFVFXF505355586061626364656667686970
Base $ 1.25 1.30 1.45 1.80 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
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 30.00 52.50 160 1250 - - -
$ - - - - - - - - - - 65.00 200 5500 -
1942 P SILVER 5C MS Six Full Steps
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - 500 - - - -
$ - - - - - - - - - - - - - -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 5011
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
5/21/2001 PCGS MS 66   Teletrade Auction 1439, 1439/Lot# 1209 $35.97
12/2/2007 PCGS MS 67   Heritage Auctions Sunday Internet Coin Auction #67122, 67122/Lot# 24088 $72.45
2/9/2009 NGC MS 67   David Lawrence Rare Coins Monday - Internet Auction # 333, 339/Lot# 368 $28.00
1/22/2012 NGC MS 67   GreatCollections GreatCollections Coin Auctions 01/22/2012, 4/Lot# 28467 $85.90
2/26/2012 NGC MS 66   Heritage Auctions Internet Coin Auction Session(2), 131210/Lot# 27476 $89.00
5/27/2012 NGC MS 67   GreatCollections GreatCollections Coin Auctions 05/27/2012, 24/Lot# 49293 $31.00
7/17/2015 PCGS   Stack's Bowers July 2015 Baltimore Auction, 6105/Lot# 5102 $1,468.75
3/13/2016 PCGS MS 66   Five Full Steps Heritage Auctions Internet Coin Auction Session(1), 131612/Lot# 27055 $111.63


NGC Registry

NGC Registry Score 1942 P SILVER 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base333366669912202024285481135330363940244439
33346667910152021253763992001433376741620
00000067910152021253763992001433376700
000000689111720232745721172652536389600
1942 P SILVER 5C MS Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base33369999121220282832376389143354380041984626
33479991012152328293446721072131503393343410
00000091012152328293446721072131503393300
00000091112172528313554801252842651406500
1942 P SILVER 5C MS Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base666912121212161628373741451232125271928380041984626
6671012121213162031373842711533179942552393343410
0000001213162031373842711533179942552393300
00000012151624343740449718242214613176406500
1942 P SILVER 5C MS Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base99912161616202424374545545913523711382029396643784819
991013161617212428404548568416953714352675410345250
00000017212428404548568416953714352675410300
000000192324334245515711020383817323320424100
Registry Image Gallery
Grade: MS 67 6FS
Points: 2029
Owner: lehigh961
 
Grade: MS 67 5FS
Points: 1928
Owner: HouserFD124
 
View the Registry Image Gallery

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