In an unexpected twist that has captured the attention of both veteran coin collectors and casual enthusiasts, a rare 1939 Jefferson Nickel missing the Monticello design on its reverse has been discovered in circulation.
This unique minting error, originally overlooked as an ordinary five-cent piece, has been authenticated and is now valued between $1.5 million and $3 million, depending on its condition and demand in the market.
This rare find highlights the possibility that other valuable coins may still be hidden in everyday circulation, waiting for someone to spot them.
A Look at the Jefferson Nickel
First introduced in 1938, the Jefferson Nickel features a profile of Thomas Jefferson on the front, while the reverse traditionally depicts his Virginia estate, Monticello. The design has remained largely unchanged since its inception, making any deviations—especially something as significant as the missing Monticello—particularly remarkable.
What Caused the Missing Monticello Error?
The missing Monticello error is thought to have occurred due to a worn or improperly prepared reverse die during the minting process. As a result, the Monticello image on the reverse is either faint or completely absent, while the other design elements remain crisp and clear.
Such a major error is extremely rare, especially considering the prominence of Monticello in the overall design of the coin.
Rarity and Value of the Missing Monticello Nickel
The 1939 Jefferson Nickel with the missing Monticello design is considered one of the highest-quality examples ever discovered. Its value is estimated to range between $1.5 million and $3 million, with factors such as the coin’s condition and interest from collectors affecting its price.
While similar errors have appeared over the years, most of those were in poor condition, making this particular find exceptionally valuable.
How to Spot a Missing Monticello Nickel
Wondering if you might have a rare nickel on your hands? Here are some key features to help you identify a missing Monticello error:
- Date: Look for nickels minted in 1939, as this is the year associated with this specific error.
- Reverse Design: Examine the reverse side of the coin. If the Monticello image is missing or faint while other details remain sharp, you might have found an error.
- Lettering: Look for weak or missing inscriptions, such as “E PLURIBUS UNUM” or “FIVE CENTS.”
- Condition: Make sure the coin has not been damaged after minting. Genuine errors occur during the minting process, not from wear over time.
If you believe you have found such a coin, consider having it professionally authenticated by services like NGC or PCGS.
Other Notable 1939 Jefferson Nickel Errors
Here are some other known errors in 1939 Jefferson Nickels:
| Error Type | Description | Estimated Value |
|---|---|---|
| Missing Monticello | Reverse design lacks Monticello entirely | $1.5M – $3M |
| Doubled Monticello (DDR) | Double die reverse creates a doubled Monticello | Up to $89.90 |
| Off-Center Strike | Design struck off-center | $399 – $450 |
| Clipped Planchet | Part of the coin is missing due to a miscut planchet | $15 – $50 |
| Lamination Error | Metal impurities cause peeling or flaking | $1.49 – $89 |
The recent discovery of a 1939 Jefferson Nickel missing the Monticello design serves as a compelling reminder that valuable treasures might still be hidden in plain sight.
Whether you’re an experienced collector or simply someone who checks their change occasionally, it’s worth taking a closer look. That seemingly ordinary nickel in your pocket could be a multimillion-dollar gem just waiting to be discovered.
FAQs
How can I confirm if my 1939 nickel is the rare missing Monticello error?
Look for the absence of the Monticello design on the reverse while ensuring that other details on the coin are clear. If you’re unsure, seek a professional evaluation from services like NGC or PCGS.
Are there other valuable errors in 1939 Jefferson Nickels?
Yes, in addition to the missing Monticello, there are notable errors such as the Doubled Die Reverse (DDR), off-center strikes, and clipped planchets. While these errors are less valuable, they can still be worth a considerable amount.
Could such rare nickels still be in circulation?
It’s very possible. Given the age of the coin and the rarity of the error, some may still be in circulation, especially in old coin rolls or private collections.