The 1938-D Jefferson Nickel is a standout in American coin history. As the first-year issue of the Jefferson Nickel series, this coin represents a major shift in U.S. coinage.
With its relatively low mintage and historical importance, it has become a prized piece for collectors.
Designed by Felix Schlag, the coin replaced the Buffalo Nickel and introduced a fresh design celebrating Thomas Jefferson and his home, Monticello.
The Birth of the Jefferson Nickel
In 1938, the U.S. Mint decided to retire the Buffalo Nickel after 25 years in circulation. The new Jefferson Nickel design was chosen through a public competition, with Felix Schlag’s artwork emerging as the winner.
The obverse features a detailed left-facing portrait of Jefferson, while the reverse showcases Monticello, his Virginia estate.
This design shift reflected a growing trend toward honoring key figures in American history.
The 1938-D Jefferson Nickel was struck at the Denver Mint, making it a key issue for collectors. Unlike the Philadelphia Mint, which produced over 19 million nickels that year, the Denver Mint struck just 5,376,000.
This lower production run makes the 1938-D a scarcer and more sought-after coin.
Why the 1938-D Jefferson Nickel is Rare
Although not the rarest Jefferson Nickel, the 1938-D holds significant value due to its first-year status and lower mintage.
Many of these nickels saw extensive circulation, making high-quality examples harder to find. Collectors particularly prize coins in mint state condition, especially those with Full Steps (FS) on Monticello, which indicate superior strike quality.
Compared to later Jefferson Nickels, the 1938-D stands out as a historic debut issue. Its scarcity in high grades and its role in transitioning from the Buffalo Nickel to a new era of coinage make it a collector’s favorite.
Collecting the 1938-D Jefferson Nickel
For coin enthusiasts, owning a 1938-D Jefferson Nickel is like holding a piece of history. Its connection to Jefferson and its unique place in numismatic history make it a must-have.
The coin’s value varies based on its condition, with circulated examples being affordable while uncirculated and FS-designated coins command premium prices.
Collectors appreciate the 1938-D for more than just its rarity. Its design, historical significance, and role in U.S. coinage evolution add to its appeal.
As interest in early Jefferson Nickels remains strong, this coin continues to be a popular addition to collections.
The Enduring Legacy of the 1938-D Jefferson Nickel
The 1938-D Jefferson Nickel is more than just an old coin—it represents a shift in American coinage history. Its introduction marked the beginning of a series that continues to this day.
With its well-crafted design and historical importance, the 1938-D remains a standout coin nearly a century later.
Whether you’re an experienced collector or a beginner, this coin offers a unique connection to the past. As demand for high-grade examples continues, the 1938-D Jefferson Nickel remains a treasured piece of numismatic history.
Coin Details at a Glance
| Category | Details |
|---|---|
| Coin Name | 1938-D Jefferson Nickel |
| Mint & Mintage | Denver Mint (D), 5,376,000 coins struck |
| Composition | 75% copper, 25% nickel |
| Weight & Size | 5.00 grams, 21.2 mm diameter |
| Obverse Design | Thomas Jefferson portrait, “IN GOD WE TRUST” and “LIBERTY” |
| Reverse Design | Monticello with “UNITED STATES OF AMERICA” and “FIVE CENTS” |
| Historical Significance | First-year issue of Jefferson Nickel, replacing Buffalo Nickel |
| Rarity | Scarce, especially in high grades |
| Value | Circulated examples are common, but high-grade and FS coins fetch premiums |
| Collector Appeal | A must-have due to its first-year status and unique design |
