1962-D Jefferson Nickel
The 1960s continued to watch the total mintage of the Jefferson Nickels climb. The 1962-D Jefferson Nickel had a massive mintage of over 280 million coins struck at the Denver Mint. As was common in these years at the Denver Mint, this coin suffered from a poor strike, weak strikes on the reverse, and surface abrasions like scratches and nicks thanks to the worn out dies used on the coins. It’s possible to find these coins with relative ease in circulated grades, but they appear to be almost impossible to find above Mint State 65 and sometimes Mint State 66. While they do have a poor strike, Full Step designation coins have been located in the past.
History of the 1962-D Jefferson Nickel
The 1962-D Thomas Jefferson Nickel is a coin that requires careful searching to ensure the best coin for its value is located. There will be plenty of circulated coins to choose from, but if the collector starts moving into Mint State coins, a keen eye is necessary to ensure a sharper strike with attractive surfaces and detailing. The obverse of the coin features Thomas Jefferson’s head in profile while the reverse showcases his Monticello home alongside the ‘D’ mint mark next to the structure. The original Jefferson Nickel was designed by Felix Schlag who won a design competition for the coin. It is still in production today, although Schlag’s original designs have changed somewhat over the years.
1962-D Jefferson Nickel Value
The 1962 Nickel value ranges from around $400 to upwards of just over $3,000 for the highest Mint State and Full Step grades of the coin. While these prices seem lower than some of the others in the series, it is likely because the highest grades that have been documented are around Mint State 65 and Mint State 66. The 1962-D Jefferson Nickel would make a great addition to any Jefferson Nickel series collection.
Type of coin: Nickel
Year: 1962-D Jefferson Nickel
Jefferson Nickel Mint Mark: Denver
Total mintage: 280,195,720
Metal content: 75% Copper, 25% Nickel
Face value: 5 Cents
Weight: 5.00 grams
Edge: Plain
Designer: Felix Schlag
Diameter: 21.20 millimeters
FAQ
1. What is the average 1962 nickel value in circulated condition?
The average 1962 nickel value in circulated condition is typically around $0.05 to $0.10, as most circulated coins from this year are common and have no silver content. Their value is essentially their face value or slightly above due to their numismatic interest.
2. How much is a 1962 nickel worth in uncirculated condition?
A 1962 nickel in uncirculated condition can be worth $0.30 to $2 or more, depending on the grade. Coins with higher grades, such as MS-65 and above, can fetch higher prices, especially if they display exceptional luster and eye appeal.
3. Does the mint mark affect the 1962 nickel value?
Yes, the mint mark can affect the 1962 nickel value, but the difference is usually minimal for common coins. The 1962 nickels were minted in Philadelphia (no mint mark) and Denver (D). Generally, the value difference between these mint marks is negligible for circulated coins but can be more pronounced for high-grade uncirculated coins.
4. What is the value of a 1962 proof nickel?
The value of a 1962 proof nickel can range from $1 to $5 or more, depending on its condition and the presence of cameo or deep cameo surfaces. Proof coins with deep, mirror-like finishes and no flaws are more desirable and can command higher prices.
5. Are there any rare errors or varieties for the 1962 nickel that increase its value?
While major errors are relatively rare for 1962 nickels, any coins with noticeable minting errors such as double dies, off-center strikes, or repunched mint marks can be more valuable. The value of error coins depends on the rarity and severity of the error.
6. How can I find out the exact value of my 1962 nickel?
To determine the exact 1962 nickel value, it's recommended to have the coin evaluated by a professional numismatist or submit it to a reputable coin grading service like PCGS or NGC. They can assess the coin's condition, authenticity, and any unique features, providing a more precise valuation.
7. What factors influence the 1962 nickel value the most?
The factors that influence the 1962 nickel value the most include the coin's condition (grade), whether it is a regular strike or proof, and any unique features or errors. High-grade uncirculated coins and proof coins with exceptional finishes tend to be more valuable.