The 1958 Jefferson Nickel, a staple of American coinage, has garnered significant attention from collectors and numismatists alike. This coin, minted during a period of post-war economic prosperity, holds a special place in the hearts of many. But what about its value? Is the 1958 Nickel worth more than its face value? Let's dive into the world of numismatics and explore the factors that determine the worth of this iconic coin.
To understand the value of a 1958 Nickel, it's essential to consider its metal composition, mintage numbers, and condition. The Jefferson Nickel, designed by Felix Schlag, features a portrait of Thomas Jefferson on the obverse and his home, Monticello, on the reverse. The 1958 edition, like its predecessors, was minted in Philadelphia, Denver, and San Francisco. A total of 31,484,000 coins were produced, with 31,384,000 coming from Philadelphia, 100,000 from Denver, and 100,000 from San Francisco.
1958 Nickel Value: Factors Affecting Worth
The value of a 1958 Nickel is influenced by several factors, including its condition, rarity, and demand. Coins in good condition, with minimal wear and tear, are more valuable than those that are worn or damaged. The rarity of the coin also plays a significant role, with coins minted in lower quantities being more sought after by collectors. Additionally, the demand for the coin, driven by collector interest and market trends, impacts its value.
Mint State and Circulated Values
The value of a 1958 Nickel varies depending on its condition and mintage. In circulated condition, a 1958 Nickel is worth its face value, $0.05. However, in mint state, the value increases significantly. According to the Professional Coin Grading Service (PCGS), a 1958 Nickel in Mint State 65 (MS-65) condition can fetch up to $30. The value escalates further for coins in higher conditions, such as MS-67, which can sell for up to $100.
| Condition | Value |
|---|---|
| Circulated | $0.05 |
| MS-65 | $30 |
| MS-67 | $100 |
Key Points
- The 1958 Jefferson Nickel has a total mintage of 31,484,000 coins.
- The coin's value is influenced by its condition, rarity, and demand.
- In circulated condition, a 1958 Nickel is worth its face value, $0.05.
- In mint state, the value increases significantly, with MS-65 coins fetching up to $30.
- Critical factors affecting value include condition, mintage, and collector demand.
Error Coins and Varieties
Error coins and varieties can significantly impact the value of a 1958 Nickel. Coins with striking errors, such as misaligned dies or double-struck coins, can fetch higher prices than their standard counterparts. Additionally, coins with unique varieties, such as different mint marks or design variations, can also command a premium.
Collecting 1958 Nickels
Collecting 1958 Nickels can be a fun and rewarding hobby. Coins in good condition, with minimal wear and tear, are highly sought after by collectors. Those interested in collecting 1958 Nickels should focus on acquiring coins in the best possible condition, as this will significantly impact their value.
When collecting 1958 Nickels, it's essential to consider the coin's authenticity, condition, and provenance. Coins with documented histories or those that have been certified by reputable third-party grading services, such as PCGS or NGC, can increase their value.
What is the face value of a 1958 Nickel?
+The face value of a 1958 Nickel is $0.05.
What factors affect the value of a 1958 Nickel?
+The value of a 1958 Nickel is influenced by its condition, rarity, and demand.
How much is a 1958 Nickel worth in mint state?
+A 1958 Nickel in Mint State 65 (MS-65) condition can fetch up to $30, while coins in higher conditions, such as MS-67, can sell for up to $100.
In conclusion, the 1958 Nickel, while not extremely rare, can be worth more than its face value, especially in mint state or with unique varieties and errors. Collectors and numismatists should focus on acquiring coins in good condition, with documented histories, to maximize their value. Whether you’re a seasoned collector or just starting your numismatic journey, the 1958 Nickel is an excellent addition to any collection.