1938 Jefferson Nickel

The 1938 version of the Jefferson Nickel is worth on average $250.00 if in Mint State (uncirculated), while one in poor condition will have a value of just $2.00. If the coin has an error, or is certified this will further add to the appeal and raise it's price numismatically speaking.


  • Year: 1938
  • Mint: No Mint Mark
  • Type: Jefferson Nickel
  • Mintage: 19,496,000
  • Metal: 75% copper 25% nickel
  • What's it worth?: $250.00 to $2.00

The 1938 P (no mint mark) Jefferson Nickel is a key date and the first year the Jefferson Nickel was produced. There were also coins issued from the Denver and San Francisco mint this year.

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Top coins in this series. List price based off high end conditions that have been certified.

$250 1938 Jefferson Nickel
$250 1964 D Jefferson Nickel
$180 1964 Jefferson Nickel

Known errors. Coins in order by date. To learn more about each error simply click on the read more link.

1943 Steel Cent Planchet 1943 Jefferson Nickel struck on a steel cent planchet. A Jefferson Nickel accidentall...
Struck on Penny Planchet Jefferson Nickel struck on a Copper Penny planchet error. A strange looking coin if I...
Double Die

Double Die Nickel errors occur when the die strikes the nickel planchet more than ...

Rare Coins. Key and Semi-Key Dates to remember. Based on various factors.

1964 1964 is a key date as the coins mint mark would move from the reverse to the obverse ...
1964 D 1964 D is a key date as the coins mint mark would move from the reverse to the obvers...
1938 1938 was the first year the Thomas Jefferson Nickels were produced. These coins are k...
Full Steps Full Steps Nickels are of key importance. Look for (FS) Full Steps on Monticello....

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Common Questions

From the years 1938 to 1964 the mint mark was on the reverse on the far right next to Monticello. This is the rule with an exception made for wartime nickels minted from 1942-1945. Wartime Nickels mint mark is on the reverse top center, only wartime nickels have an actual P mark. After 1964 the mint mark was moved to the obverse (front) of the Nickel.

Mint Mark

The 3rd U.S. President Thomas Jefferson is proudly displayed on the United States Nickel (5 cent piece).

Jefferson Nickel

The Jefferson Nickel has a weight of 5 g.