Value of Jefferson War Nickel (1942-1945)
During the War Years in the United States, the Jefferson War Nickels were manufactured with a small percentage of silver as to conserve the nickel supply. Nickel was used strategically for military purposes. So, in 1942, the nickel content of the coins was eliminated. These coins were produced up until 1945. Most coin operated machines had detectors within them that could tell if a coin was authentic. The Mint had to carefully compose the alloy of silver and copper so that the machines would still accept the coins. That is one of the main reasons that the coin was not 90% silver like many of its counterparts. To help distinguish the new coins, the mintmark was moved to above the Monticello on the reverse.
Most of these coins will be extremely dirty, worn down, and dark. These coins will bring a small premium, but not nearly as much as an uncirculated, full step coin. If you find a gem that looks clean, preserve that coin. If you are interested in learning more about Jefferson War Nickels or would like to have an expert look at your special nickel, please contact us. In high grades, we will be able to make a competitive offer.