Coin Specifications

Category: Jefferson Five Cents (1938-Date)
Mint: Philadelphia
Mintage: 27,600
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 PF obverse 1942 P SILVER 5C PF reverse


  
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Description & Analysis

By late 1941 the U. S. Mint had already begun experimenting with alternative compositions for both the cent and five-cent piece. Copper and nickel were both essential to wartime production, and their use in coins was of secondary importance.

The U. S. preferred to resume coining silver half dimes similar to those last produced in 1873, but the vending industry could not retool to accept both this coin and the existing nickels. A poor compromise was arrived at in which the standard size five-cent piece was struck in an alloy of copper, silver and manganese. Coins of this composition were distinguished with oversized mintmarks placed above the dome of Monticello.

In retrospect it's quite remarkable that the Mint even offered proofs of the new issue. These coins were not struck until the closing months of 1942, when the Mint had its hands full meeting accelerated production figures. Wartime nickels were sold separately of the proof sets, and collectors gobbled them up for their novelty and perceived future rarity.

Since silver generally results in more satisfying coins than nickel, the number of high grade pieces is quite high for the period. The greater tendency of silver to produce pleasing toning certainly accounts for some of these gems.

GRADE SUMMARY

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Price Guide

Last Updated: 10/24/2016

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

1942 P SILVER 5C PF
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - 62.00 67.00 75.00 110 115 130 160 350 5250 - -
$ - - - - - - - - - - - - 700 -

NGC Price and Value Guides Disclaimer

Census

 
NGC GRADE SUMMARY

Total Graded: 2803
Low Grade: 58
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
2/16/2004 PCGS PF 65   Teletrade Auction 1845, 1845/Lot# 1152 $154.00
9/23/2007 PCGS PF 67   Goldberg September 23-26, 2007 Pre-Long Beach Coin and Currency Auction, 42/Lot# 2556 $805.00
4/16/2009 NGC PF 64   David Lawrence Rare Coins Thursday - Internet Auction # 361, 367/Lot# 5336 $92.00
6/16/2009 PCGS PF 65   Heritage Auctions Internet Coin Auction #29064, 29064/Lot# 26544 $104.00
5/22/2011 PCGS PF 66   GreatCollections GreatCollections Coin Auctions 05/22/2011, 117/Lot# 8848 $176.01
8/8/2013 NGC PF 67   Heritage Auctions 2013 August 8 - 10 US Coins Signature Auction - Rosemont Session(6), 1188/Lot# 7471 $998.75
1/25/2015 PCGS PF 64   Heritage Auctions Internet Coin Auction Session(2), 131505/Lot# 22077 $69.00
3/6/2015 NGC PF 68   Stack's Bowers March 2015 Portland ANA, 6103/Lot# 100 $1,762.50


NGC Registry

NGC Registry Score 1942 P SILVER 5C PF
 PrAgGVGFVF4045505355586061626364656667686970
Base91216375981102123143163183244262288395409450527908390243094745
1013234466881091301501702032502713244004234766541906403844540
0000001091301501702032502713244004234766541906403800
0000001161361561762242562793594044365017812904417300
1942 P SILVER 5C PF Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base16285981102123143163183201220265288311426439489565966407244924941
203866881091301501701892072352732963494304565146992001421246420
0000001501701892072352732963494304565146992001421200
0000001561761952142502803033884354725408323037435200
1942 P SILVER 5C PF Ultra Cameo
 PrAgGVGFVF4045505355586061626364656667686970
Base9999999126312311521258135714831609179921972525280741721078819537
9999991029834661187129113991525167219322306261932626377137040
000000102983466118712911399152516721932230626193262637700
0000001146103809122313241441156717362064241627133717858300
Registry Image Gallery
Grade: PF 68
Points: 3902
Owner: Flyboy
 
Grade: PF 68
Points: 3902
Owner: Montana Grampa
 
View the Registry Image Gallery

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Conservation Showcase: Proof 1942 5 Cent

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