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1946-2014 Jefferson Nickel Melt Value

1946 - 2014 Jefferson Nickel Value (United States)


U.S. MINT SPECIFICATIONS
Denomination:$0.05
Obverse Image:Thomas Jefferson, 3rd President of the United States and author of the Declaration of Independence.
Reverse Image:1946-2004, 2006-2007: Monticello, Jefferson's mountaintop home in Virgina.
2005: Westward Journey Series including "American Bison" and "Ocean in view! O! The joy!".
Metal Composition:75% copper, 25% nickel
Total Weight:5.00 grams
Comments:The 1938 through 1942 D versions of the nickel are also made of the same composition, but generally are sold for a premium over their melt value due to rarity.


    
CALCULATING TODAY'S MELT VALUE (USD)
Using the latest metal prices and the specifications above, these are the numbers required to calculate melt value:
 
 $3.0336  =copper price / pound on Oct 22, 2014.
.75  =copper %
$6.9108  =nickel price / pound on Oct 22, 2014.
.25  =nickel %
5.00  =total weight in grams
.00220462262  =pound/gram conversion factor (see note directly below)


The CME uses pounds to price these metals, that means we need to multiply the metal price by .00220462262 to make the conversion to grams.



1. Calculate 75% copper value :

    (3.0336 × .00220462262 × 5.00 × .75)  =  $0.0250795


2. Calculate 25% nickel value :

    (6.9108 × .00220462262 × 5.00 × .25)  =  $0.0190444


3. Add the two together :

    $0.0250795 + $0.0190444 = $0.0441239




$0.0441239 is the melt value for the 1946-2014 nickel on October 22, 2014.



  ← Calculate the value of your own coins.




MINTAGE AND COLLECTIBLE VALUE (USD)
The "Year" column lists the year and mint mark on the coin -- D is for Denver, S is for San Francisco, and P is for Philadelphia. A coin without a mint mark means it was also minted in Philadelphia. The "Mintage" column is the number of coins struck and released by the U.S. Mint. The "Numismatic Value Range" column represents what people typically pay for that type of coin (usually a very wide price range depending on the condition).

YearMintageNumismatic Value Range
19509,796,000$0.50 - $15.00
1950 D2,630,030$10.00 - $65.00

If you're interested in learning more about grading coins, Photograde is an excellent resource.


EBAY AUCTIONS - JEFFERSON NICKELS
I believe that the old saying, "A coin is only worth what someone will pay for it," is absolutely true. I prefer eBay because it displays what people are actually paying for coins. Monthly coin price magazines and online price lists may not reflect current market conditions because they don't demonstrate what people are actually willing to pay.

View all Jefferson Nickel auctions or those with the least time left (below).



CHARTS
Long-term metal price charts for the Jefferson nickel:

     [Most Recent Quotes from www.kitco.com]      [Most Recent Quotes from www.kitco.com]





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