The 1945 Jefferson nickels have value as both numismatic coins and as silver bullion. Keep reading to learn more about these coins.
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: $1.61
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 $1.61. This melt value is calculated from the current silver spot price of $28.69 per ounce.
The 1945 P nickel is worth around $2.50 in very fine condition. In extremely fine condition the value is around $3. In uncirculated condition the price is around $7 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $20.
The 1945 D nickel and the 1945 S nickel have similiar values. Each coin is worth around $2.25 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 65 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 $25 in very fine condition. In extremely fine condition the value is around $30. In uncirculated condition the price is around $95 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $400.
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: