The 1968 Jefferson Nickel is an interesting piece of U.S. currency with a rich history. This five-cent coin, made primarily of copper and nickel, continues to intrigue collectors and numismatists alike. The 1968 Jefferson Nickel stands out not only for its design but also for the events surrounding its release, including the moon missions and other historical milestones. Let’s explore the details of this coin, its varieties, and how much it is worth today.
What Is a 1968 Jefferson Nickel Made Of?
The Jefferson Nickel, first minted in 1938, is made from 75% copper and 25% nickel, a blend that continued to be used until 2003. Designed by Felix Schlag, the coin features the portrait of Thomas Jefferson on the obverse (front), with a depiction of his famous home, Monticello, on the reverse (back). The coin’s design has remained largely unchanged, with minor updates, for decades.
Nickel, one of the main components of this coin, was crucial during the First and Second World Wars as it was used in weaponry. For this reason, nickel-based coins like the Jefferson Nickel were sometimes hoarded. In response, Congress reduced the amount of nickel used in currency production, switching to a copper-manganese-silver alloy for a short period.
However, by 1968, the original composition of copper and nickel returned, and the coin retained its original weight of 5 grams and a diameter of 21.2 mm.
1968 Jefferson Nickel Varieties
In 1968, Jefferson Nickels were minted in two locations: Denver and San Francisco. This led to the production of three distinct varieties:
- 1968 D Jefferson Nickel
- Mint Location: Denver
- Face Value: 5 cents
- Composition: 75% copper, 25% nickel
- Weight: 5 grams
- Diameter: 21.2 mm
- Edge: Plain
- Quantity Minted: 91,227,880
- 1968 S Jefferson Nickel
- Mint Location: San Francisco
- Face Value: 5 cents
- Composition: 75% copper, 25% nickel
- Weight: 5 grams
- Diameter: 21.2 mm
- Edge: Plain
- Quantity Minted: 103,437,510
- 1968 S Proof Nickel
- Mint Location: San Francisco (Proof version)
- Face Value: 5 cents
- Composition: 75% copper, 25% nickel
- Weight: 5 grams
- Diameter: 21.2 mm
- Edge: Plain
- Quantity Minted: 3,041,506
Proof coins are specially minted for collectors and have a higher level of detail, with a polished finish and sharper strikes compared to regular coins.
How Much Is a 1968 Jefferson Nickel Worth Today?
The value of a 1968 Jefferson Nickel can vary based on its condition, mint mark, and whether it has any unique features, such as “full steps” on Monticello. “Full Steps” refers to the clear visibility of at least five steps on the reverse side of the coin at the base of Monticello, which indicates a well-struck coin. Full Step nickels are rarer and can command higher prices.
Here is a rough guide to the value of 1968 Jefferson Nickels in various conditions:
| Condition | 1968-D | 1968-S | 1968-S Proof |
|---|---|---|---|
| MS60 | $0.28 | $0.28 | – |
| MS65 | $5.70 | $5.70 | $4.62 |
These values reflect coins graded on the Sheldon Scale, a 70-point scale used by numismatists to determine the condition of a coin. For instance, an MS65 coin is in near-perfect condition with few blemishes and maintains much of its original mint luster.
1968 Jefferson Nickel Errors
Unlike other coins, the 1968 Jefferson Nickel doesn’t have any major documented errors. However, coins with noticeable variations or mistakes can be worth more. Full Step nickels from 1968, in particular, are highly sought after due to the difficulty in finding coins from that year with clear, well-struck details.
Where to Buy or Sell 1968 Jefferson Nickels
If you own a 1968 Jefferson Nickel and want to sell it, or if you’re looking to add one to your collection, there are several avenues to explore. For common coins that are not rare or in pristine condition, platforms like eBay or other online marketplaces can be a quick way to buy or sell.
However, if you have a Full Step variety or another high-grade example, it may be worth visiting a specialist auction house like Heritage Auctions to get the best price.
The Historical Context of the 1968 Jefferson Nickel
1968 was a year of significant events in the United States and the world. The Apollo 8 mission orbited the moon, marking a major milestone in space exploration. Boeing also launched its first 747 jumbo jet, changing commercial aviation. Meanwhile, the United States dealt with internal turmoil, including the assassinations of two key peace activists, Martin Luther King Jr. and Robert F. Kennedy.
This historical backdrop adds another layer of interest to the 1968 Jefferson Nickel, making it a fascinating piece for collectors who appreciate coins connected to pivotal moments in history.
Conclusion
The 1968 Jefferson Nickel is more than just a piece of currency. Its connection to important historical events, combined with its unique varieties and value, make it a must-have for collectors. While most examples are worth little more than face value, coins in excellent condition or with Full Steps can fetch higher prices. Whether you’re a casual collector or a serious numismatist, the 1968 Jefferson Nickel is a coin that deserves attention.