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5 Reasons To Collect Jefferson Nickels

 
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 Posted 05/10/2021  4:55 pm Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message
PCGS - It's hard to remember a time when the Jefferson nickel series has not been considered a "sleeper." Maybe there was a little exuberance around this generations-old motif when the Westward Journey Nickels of 2004 and 2005 were released, causing a flurry of collector excitement amid the fervor over the then-ongoing 50 State Quarters program. But, otherwise, it seems the number of people who consider themselves diehard enthusiasts of the nickel series that launched in 1938 is relatively small as compared to the legions of numismatists who dedicate lifetimes to collecting Lincoln Cents, Morgan dollars, or Saint-Gaudens Double Eagles.


Jefferson Nickel, 1938 5C, PCGS MS67+.

But the Jefferson nickel series has many things going for it, and that's what we're going to look at here in brief. What are five good reasons to begin a collection of Jefferson nickels? Let's consider the following:

#1 - Jefferson Nickels Are Affordable
Collectors who are intimidated by high-priced rarities need not quiver in financial fear over the prospect of collecting Jefferson nickels! The series has its expensive coins - consider varieties like the 1939 Doubled MONTICELLO, 1954-S Over D circulation strike, and 1971 No-S Proof. But you need not withhold contributions to your kid's 529 college savings plan to build a respectable set of Jefferson nickels. Many examples of even the scarce dates can be had in Gem Uncirculated grades for less than $50.

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 Posted 05/10/2021  8:35 pm  Show Profile   Bookmark this reply Add captaincoffee to your friends list Get a Link to this Reply
I agree that (1) nickels are affordable, (2) they are obtainable, (3) there's silver in War Nickels, and (4) full steps are a challenging angle. Not sure I agree that (5) ripe are the pickings because fewer people build high-end Jefferson nickel sets. I think there are tons of collectors with Jefferson nickels sets. I don't think it is about demand in this case, it is about supply. There are simply a lot of these nickels out there.
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 Posted 05/10/2021  8:38 pm  Show Profile   Bookmark this reply Add Raised on rock to your friends list Get a Link to this Reply
Nice list but I would add, I just like the Jefferson nickels.
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 Posted 05/10/2021  9:05 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
Assembling a Jefferson Proof Set would have great eye appeal and not be too costly.
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 Posted 05/10/2021  9:07 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
It was more affordable just 2-3 years ago, when I pick up a complete set in Dansco album for a little over $100, and most are in MS conditions. Now?

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 Posted 05/11/2021  05:22 am  Show Profile   Bookmark this reply Add nickelsearcher to your friends list Get a Link to this Reply
I managed to complete the entire series (less the varieties) from bank rolls at face value. That years long quest is well documented in the CRH forum.
Take a look at my other hobby ... http://www.finewoodcrafter.com
Too many hobbies .... too much work .... not enough time.
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 Posted 05/11/2021  2:52 pm  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
The best reason to collect these is that the moderns (1965 to date) are very scarce in Gem condition and can be found for little or no premium because most collectors don't "fool" with dates after 1964. Indeed, many of the later dates are actually scarcer than the early dates even in chBU because they are so badly made and often weren't even saved.

There is no premium for 4 1/2 steps and lots of Jeffersons are tough with even one step.

There are lots of opportunities because these coins are so lightly collected and everything made after 1964 is underreported as to value just like all moderns. These coins could disappear very rapidly if they got any attention and if you've been following the mint set and BU roll markets it certainly looks like they are beginning to get attention. Try to find a nice attractive BU roll of '68-D's or '71-P's. You'll be surprised. Try to find a nice gemmy roll of '51-S. The coins aren't out there but nobody notices.

Ikes are wholesaling at $3.50 and some nickels are tougher than Ikes and selling for 10c.
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