The 1961-D Jefferson Nickel is a noteworthy coin among collectors due to its distinct varieties and the potential for significant value, especially in higher grades.
Understanding its characteristics, mintage details, and the factors influencing its worth can greatly benefit numismatists and enthusiasts alike.
Mintage and Varieties
In 1961, the U.S. Mint produced Jefferson Nickels at two facilities
- Philadelphia Mint: Coins minted here bear no mint mark.
- Denver Mint: Coins from this facility are marked with a “D” mint mark on the reverse, to the right of Monticello.
The Denver Mint struck approximately 229 million nickels in 1961, accounting for nearly three times the production of the Philadelphia Mint.
Key Factors Influencing Value
The value of the 1961-D Jefferson Nickel is influenced by several factors:
- Condition (Grade): Coins in better condition are more valuable. Grading scales range from Good (G) to Mint State (MS), with MS indicating coins that have never been in circulation.
- Full Steps (FS) Designation: Coins exhibiting all five steps on Monticello’s front facade are designated as Full Steps. This feature significantly enhances a coin’s value, especially in higher grades.
Estimated Values Based on Condition and FS Designation
| Condition | Without FS | With FS |
|---|---|---|
| Good (G) | $0.05 – $0.10 | $0.10 – $0.20 |
| Fine (F) | $0.05 – $0.10 | $0.10 – $0.20 |
| Extremely Fine (EF) | $0.05 – $0.10 | $0.10 – $0.20 |
| Uncirculated (MS) | $0.25 – $0.35 | $0.35 – $0.50 |
| MS66 | $650 – $2,750 | $8,500+ |
| MS67 | $650 – $2,750 | $8,500+ |
Values are approximate and can vary based on market demand and coin quality.
Identifying Full Steps (FS)
To determine if a coin has Full Steps, examine the five steps leading up to Monticello on the reverse side. A coin with Full Steps will have all steps clearly visible without merging or wear. This feature is highly sought after by collectors and significantly boosts a coin’s value.
The 1961-D Jefferson Nickel offers a fascinating study in numismatics, with its varying grades and the presence of Full Steps playing crucial roles in determining value.
Collectors seeking to invest in this coin should focus on acquiring high-grade specimens with clear Full Steps, as these are the most valuable in the market.
FAQs
How can I determine the grade of my 1961-D Jefferson Nickel?
Grading involves assessing the coin’s wear, luster, and overall appearance. It’s recommended to consult with professional coin graders or refer to reputable coin grading guides for accurate assessment.
What does the “D” mint mark on my nickel signify?
The “D” mint mark indicates that the coin was minted at the Denver Mint facility.
Are 1961-D Jefferson Nickels with Full Steps rare?
Yes, coins with Full Steps are relatively rare and highly prized by collectors, especially in higher grades.
I have a 1940 nickel and I have an S in the zero of the 40 I don’t know if it’s a mint mark That’s what it looks like to me (S) i emailed about three or Four people & Nobody getting back to me Do you think it’s worth anything?