Description and Analysis

Jefferson Five Cents
1939 REV OF 38 5C PF

Description & Analysis

Sales of proof nickels fell by several thousand pieces this year, which is understandable without the speculative frenzy over the novel 1938 issue. The vast majority of 1939 proofs were coined with the Reverse of 1938 having wavy and indistinct steps. A new reverse hub showing very sharp details to Monticello was not introduced in time to coin more than a smaller percentage of proofs.

Gems are fairly common, but the population thins tremendously above PF 67. Cameo pieces are all but unknown, though some will have cameo contrast on just one side. Such pieces may be certified with NGC's star designation, if the contrast adds measurably to the coin's appeal.