What is the significance of a 1962 American nickel?

The 1962 American nickel, also known as the Jefferson nickel, holds significance primarily for its design and historical context rather than its monetary value. Here are some key points about its significance:

Design and History

• Design: The 1962 nickel features a portrait of Thomas Jefferson on the obverse, designed by Felix Schlag, a German-born artist who immigrated to the U.S. in 1929. The reverse depicts Monticello, Jefferson's home13.
• Series Continuation: The Jefferson nickel series began in 1938 and replaced the Buffalo nickel. The 1962 nickel continues this design, which remained unchanged until 20051.

Mintage and Availability

• High Mintage: Over 377 million nickels were produced in 1962, with the Philadelphia Mint producing 97 million and the Denver Mint producing over 280 million25. This high mintage makes the coins relatively common.
• Surviving Coins: Despite the large production, many coins have been lost over time. However, they are still easy to find, especially in circulated condition15.

Collectibility

• Collectibility: While not particularly rare, high-grade or error coins can be valuable to collectors. The presence of a mint mark ("D" for Denver) can affect the value, especially for uncirculated coins35.
• Proof Coins: In 1962, over 3 million proof nickels were minted, which are sought after by collectors for their high quality and finish23.

Value

• Circulated Coins: Typically worth face value unless they have significant errors or are in high-grade condition23.
• Uncirculated Coins: Can be worth more, especially if graded high by organizations like PCGS or NGC13.

Overall, the 1962 nickel is significant for its place in the Jefferson nickel series and its collectibility, particularly for those interested in numismatics.