The five-cent coin has a rich history in the United States, dating back to 1794 when it was known as the “half dime.” The term “nickel” was introduced in 1866, though the half dime remained in circulation until 1873. The modern nickel design, featuring Thomas Jefferson on the front and Monticello on the reverse, made its debut in 1938, replacing the Buffalo nickel.
If you own a 1971 Jefferson nickel, it might be worth more than just its face value. Some of these coins are highly sought after by collectors and could fetch thousands of dollars under the right circumstances.
Why the 1971 Jefferson Nickel Stands Out
By the late 1970s, the Proof Jefferson nickel master dies had deteriorated significantly, resulting in a loss of detail. To address this, the U.S. Mint created new master dies, restoring the original fine design elements. This redesign process led to notable variations within the 1971-S nickel series, adding to its appeal among collectors.
Key Features and Varieties
The 1971-S Jefferson nickel series includes several noteworthy varieties:
- ODV-021 Design: On this variety, the “T” and “R” in the word “TRUST” on the obverse are slightly thinner than usual.
- Reverse Varieties (RDV-005 and RDV-006):
- RDV-005: Features low-relief rooftop railings on Monticello.
- RDV-006: Shows stronger and more prominent rooftop railings.
Additionally, starting in 1971, the San Francisco Mint ceased producing nickels for general circulation. All nickels minted in San Francisco since then are proofs, distinguished by their polished finishes.
The Rare and Valuable 1971 “No S” Jefferson Nickel
One of the most coveted coins in the series is the 1971 “No S” Jefferson nickel. This error coin is missing the “S” mintmark, making it highly desirable among collectors.
- Common Value: Most 1971-S nickels are worth only slightly more than face value.
- Error Coin Value: Coins with errors can range from $800 in lower grades to $1,000–$1,500 in higher grades.
- Record Sale: A high-grade 1971 “No S” Jefferson nickel sold for $2,070 at an auction in 2012.
What to Do If You Find a Rare Coin
If you come across a 1971 Jefferson nickel without the “S” mintmark, it could be worth hundreds or even thousands of dollars. To verify its authenticity and value, consult a reputable coin dealer or numismatist.
Holding onto this piece of history might just leave you significantly wealthier!
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