The 1945 Jefferson nickels have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.

1945 nickel

Specifications

Type: Jefferson Nickel
Year: 1945
Face Value: $0.05
Composition: 56% copper, 35% silver, 9% manganese
Silver Weight: .05626 oz.
Total Weight: 5 grams
Current Silver Bullion Value: $1.05

The US minted the 1945 P nickel, 1945 D nickel, and 1945 S nickel. These coins are also known as war nickels. The mint mark can be found on the reverse side of the coin above the Monticello image.

Series Location Quantity Minted
1945 P Philadelphia 119,408,100
1945 D Denver 37,158,000
1945 S San Francisco 58,939,000

Value

This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $1.05 as of July 10, 2020. This melt value is calculated from the current silver spot price of $18.68 per ounce.

Each different series has similar values. For each coin the price is around $2 in very fine condition. In extremely fine condition the value is around $2.50. In uncirculated condition the price is around $5 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $20.

Double Die Reverse Error Coins

For the 1945 P series there is an overlap error variety. The error can be found on the reverse side of the coin. If the markings overlap each other then the coin is a double die error.

The 1945 P nickel double die error coin is worth around $20 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $75 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 63 can sell for around $800.

Grading System

Very fine- The second pillar from the right on the Monticello building is plain and complete on both sides.

Extremely fine- Jefferson's eyebrow, cheekbone, and hair lines are well-defined but slightly worn.

MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.

MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.

 

Sources:

The Red Book


See also:

1944 Nickel
1943 Nickel
1942 Nickel