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
Link to this coin

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It was anticipated that these replacement coins would be withdrawn by the Treasury after the war, so a large distinguishing mark was needed for the ease of clerks.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: 8/16/2019

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 2.35 2.50 2.75 4.00 6.25 6.25 7.25 8.55 15.00 25.00 35.00 80.00 3750 - -
$ - - - - - - - - - - - 70.00 250 -
1942 P SILVER 5C MS Six Full Steps
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - 500 - - - -
1942 P SILVER 5C MS Five Full Steps
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - 30.00 60.00 100.00 675 - - -
$ - - - - - - - - - - 65.00 200 2300 -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 5563
Low Grade: G
Average Grade: 66
High Grade: 68

The chart showing G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 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: 10/8/2019 1942 P SILVER 5C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-1123----319-1112354333264820795--5183
----------------23121--18
-----------------715---22
-----------------------
Total-1123----319-1112354335265821066--5223
 -0 %0 %0 %0 %----0 %0 %-0 %0 %0 %1 %6 %51 %40 %0 %-- 
1942 P SILVER 5C MS Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970Total
Base----------------2253---30
-----------------------
-----------------------
-----------------------
Total----------------2253---30
 ----------------7 %83 %10 %--- 
1942 P SILVER 5C MS Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------3-56219684---350
-----------------1----1
-----------------29---11
-----------------------
Total-------------3-56219993---362
 -------------1 %-1 %17 %55 %26 %--- 

Auction Prices Realized

A random selection of coins is shown below.

Images
Date
Service
Grade
Auction House
Sale / Lot
Price
11/17/1997 NGC MS 67   Teletrade Auction 0998, 998/Lot# 1189 $14.75
4/25/2005 NGC MS 66   David Lawrence Rare Coins Richmond Sale, Internet-Only Auction, 40/Lot# 317 $16.10
10/22/2007 PCGS MS 65   Teletrade Auction 2439, 2439/Lot# 1132 $14.00
7/4/2010 PCGS MS 66   Heritage Auctions Internet Coin Auction #210072, 210072/Lot# 22595 $62.00
6/15/2014 NGC MS 67   GreatCollections GreatCollections Coin Auctions 06/15/2014, 196/Lot# 190373 $57.20
9/5/2014 NGC MS 67   Five Full Steps Stack's Bowers iAuction 3498, 6052/Lot# 20081 $282.00
3/29/2015 PCGS MS 66   Five Full Steps Heritage Auctions Internet Coin Auction Session(1), 131514/Lot# 21088 $94.00


NGC Registry

NGC Registry Score 1942 P 5C MS SILVER Prooflike
 PrAgGVGFVF4045505355586061626364656667686970
Base333699991212202828323767111155336380041984626
33479991012152328293447821262151491393343410
00000091012152328293447821262151491393300
00000091112172528313557961402762645406500
1942 P 5C MS SILVER Five Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base666912121212161628373741451232373661363380041984626
6671012121213162031373842711612806982175393343410
0000001213162031373842711612806982175393300
00000012151624343740449719932310312988406500
1942 P 5C MS SILVER Six Full Steps
 PrAgGVGFVF4045505355586061626364656667686970
Base99912161616202424374545545913527211381505396643784819
991013161617212428404548568418156112602325410345250
00000017212428404548568418156112602325410300
000000192324334245515711022684913833146424100
1942 P 5C MS SILVER
 PrAgGVGFVF4045505355586061626364656667686970
Base3333666699122020243259102143304334540244439
333466679101520212741731161971318357141620
000000679101520212741731161971318357100
000000689111720232950881292502331379800
Registry Image Gallery
Grade: MS 67 5FS
Points: 2175
Owner: wxman_slaw
 
Grade: MS 67 6FS
Points: 1505
Owner: lehigh96
 
View the Registry Image Gallery

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