The 1964-D Jefferson Nickel holds a unique place in American numismatics. Struck at the Denver Mint, this coin represents a pivotal moment in U.S. coinage history, as it marked the end of an era before significant changes were made to the nation’s coinage due to the Coinage Act of 1965. Whether you’re a seasoned collector or just beginning your journey, the 1964-D Jefferson Nickel is worth exploring for its historical importance and collecting appeal.
Historical Context
The Jefferson Nickel series, introduced in 1938, replaced the Buffalo Nickel and featured a portrait of Thomas Jefferson, the third President of the United States. Designed by Felix Schlag, the coin displays Jefferson on the obverse and his Monticello home on the reverse. By 1964, Jefferson Nickels had become a mainstay of American currency, widely circulated and essential for daily commerce.
However, the early 1960s saw a growing demand for coinage, driven by the country’s expanding population and booming economy. This increased demand, combined with a growing coin shortage due to hoarding, led to record-breaking mintages for many coins, including the 1964-D Jefferson Nickel.
Mintage and Characteristics
The Denver Mint struck over 1.7 billion Jefferson Nickels in 1964, the highest mintage of any Jefferson Nickel up to that time. These high numbers were due to the Mint’s response to the coin shortage, which prompted the production of coins dated 1964 into 1965.
The 1964-D Jefferson Nickel features:
- Composition: 75% copper and 25% nickel.
- Diameter: 21.2 millimeters.
- Weight: 5 grams.
- Mintmark: A “D” for the Denver Mint appears to the right of Monticello on the reverse.
Collecting the 1964-D Jefferson Nickel
The sheer number of coins produced means that the 1964-D Jefferson Nickel is relatively easy to find in circulated condition. Many collectors include it in their Jefferson Nickel collections as a representative piece of the high-mintage era of the mid-20th century.
When collecting this coin, the primary focus often shifts to quality and variations. While circulated examples are abundant, finding uncirculated coins with sharp details and minimal marks can be more challenging. Coins graded MS65 or higher are especially desirable.
Additionally, collectors search for Full Steps (FS) varieties. Full Steps refer to the clarity of the steps on Monticello’s façade. A coin with five or six well-defined steps commands a premium in the numismatic market.
Errors and Varieties
The 1964-D Jefferson Nickel is also of interest to error collectors. Some known varieties include:
- Doubled Die Obverse (DDO): Look for doubling in Jefferson’s profile or the lettering on the obverse.
- Repunched Mintmark (RPM): These are coins where the “D” mintmark appears to have been struck more than once, creating a distinct visual anomaly.
Market Value and Appeal
Due to its high mintage, the 1964-D Jefferson Nickel holds nominal value in circulated condition, typically worth face value to a few cents. However, uncirculated examples, especially those with Full Steps or certified grades above MS65, can fetch between $20 and $100, depending on quality and market demand. Error varieties can range from $50 to several hundred dollars, depending on rarity and significance.
Conclusion
The 1964-D Jefferson Nickel stands as a testament to a transformative period in American coinage history. Its abundant production makes it accessible to new collectors, while its potential for high-grade examples and errors ensures enduring interest among seasoned numismatists. Whether you’re drawn to its historical significance or the thrill of finding an error or Full Steps variety, the 1964-D Jefferson Nickel is a worthy addition to any collection.
FAQs
What makes the 1964-D Jefferson Nickel unique for collectors?
The 1964-D Jefferson Nickel is notable for its high mintage and its role during a coin shortage in the 1960s. Collectors value high-grade uncirculated examples, especially those with Full Steps on Monticello.
What are Full Steps on a Jefferson Nickel?
Full Steps refer to the detailed steps on the Monticello design on the coin’s reverse. Coins with five or six distinct steps are rare and command a premium among collectors.
Are there any known errors or varieties for the 1964-D Jefferson Nickel?
Yes, the 1964-D Jefferson Nickel has notable errors such as Doubled Die Obverse (DDO) and Repunched Mintmarks (RPM). These varieties are sought after and can significantly increase the coin’s value.