Value of 1942-P Type 2 Jefferson War Nickel

Approximate Current Value: $0.50

Diameter: 21.20 mm
Mintage/Proof: 57,837,000 / 27,600
Weight: 5.00 grams
Metal: Silver
I Own 1942 Jefferson War Nickel (1942-1945)

History, Information, and Value of 1942-P Type 2 Jefferson War Nickel

Value of 1942-P Type 2 Jefferson War Nickel

The 1942-P Type 2 Jefferson War Nickel was produced during World War II when war suppliers needed more nickel. To make the coin production go further, the nickel base was mixed with silver. The mixture was close to being 50/50. These silver wartime nickels are 56% Copper and 35% silver. Don’t look for these to be highly valuable unless they are in extremely high grades and have received the Full Step designation. Since there is such a small silver content, these coins are normally only going to be worth a small percentage over face value. Look to obtain a proof of this coin, since it was the only war nickel that actually produced a proof variation.

The obverse text on the Jefferson Nickel reads “In God We Trust, Liberty, P (Philadelphia Mint)” and the reverse text reads “E Pluribus Unum, Monticello, Five Cents, 5, United States of America.” The obverse of the coin has a bust of President Thomas Jefferson facing the left and the reverse depicts the full Monticello house built by Jefferson. Most Jefferson Nickel Five Cent pieces are worth face value. However, some of the coins have silver content or are less common. These coins may be worth slightly more. Any local coin dealer will try to buy these coins for face value, but our experts will make you an offer based on current auction values. If your coin is a better date coin or a rare coin, then rest assured that we will offer you top dollar! Please feel free to contact one of our experts to have them take a look at your rare coin and determine its worth. We are rare coin dealers!