1962 Jefferson Nickel
Circulation strike struck at the Philadelphia Mint · 97,384,000 made
- Mintage
- 97,384,000
- Metal
- 75% copper, 25% nickel
- Weight
- 5 g
- Diameter
- 21.21 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1962 Jefferson Nickel worth?
A worn 1962 is a spender: face value. A bright uncirculated one, or one with a known error, is worth setting aside.
What would make yours worth more:
- Uncirculated condition with full original luster
- Full steps on Monticello (5FS or 6FS)
- A die variety or minting error
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1962 Jefferson Nickel rare?
- No. 97 million were made, a typical run for the series. Condition and varieties decide its value, not the date.
- Is the 1962 Jefferson Nickel silver?
- No. It's 75% copper, 25% nickel. The only silver nickels are the 1942 to 1945 wartime coins with a large mint mark above Monticello.
- Where is the mint mark on a 1962 Jefferson Nickel?
- On the reverse, to the right of Monticello. No mint mark means Philadelphia.
- Which Philadelphia dates near 1962 are scarcer?
- The 1958 at 17,088,000, the 1959 at 27,248,000, the 1957 at 38,408,000, plus 2 more. So the 1962 is one of the easier dates of its stretch.
- How many 1962 Jefferson Nickel coins were made?
- 97,384,000.
What to check on your 1962
- There's no mint mark on this one, so the date and condition are what matter.
- Proof or circulation strike? A proof has mirror-like fields and frosted design details and was sold to collectors, not released in change. The 1962 Jefferson Nickel Proof (3,218,019 made) is the one to compare with.
- Judge the grade under good light. The steps of Monticello are the key: coins with 5 or 6 full steps (5FS / 6FS) sell for large premiums. On the obverse, check Jefferson's cheekbone and hair.
With 97,384,000 made, you can still find a 1962 in rolls, old jars and inherited collections. The coins worth keeping are the uncirculated ones and any with a doubled die or other variety.
The story of the 1962
Output at Philadelphia climbed to 97,384,000 in 1962, from 74 million the year before. The next year it made 176 million (1963).
1962-D came to 280 million, so neither mint's 1962 coin is much scarcer than the other.
Philadelphia struck the Jefferson Nickel in 64 issues between 1938 and 2003. By mintage this one lands in the scarcer half, while the key for that mint is the 1955 (7,888,000). Within the 1960s it's 4th smallest of 17, between the 1968-D (91 million) and the 1968-S (100 million).
Coin shortage years and no mint marks (1956 to 1967)
Output grew rapidly through the late 1950s and early 1960s, led by Denver, which struck more than 280 million in 1962. A nationwide coin shortage in the early 1960s, blamed on vending machines, hoarding and a booming economy, led the Mint to strike more than 2.8 billion nickels dated 1964, with production of that date continuing into 1965.
From 1965 to 1967 the Mint removed mint marks from all coins to discourage hoarding. Special Mint Sets with satin finish coins replaced proof sets. In 1966 Felix Schlag's initials, FS, were added below the bust, more than 25 years after his design first appeared. Coins from this era are abundant and rarely carry a premium unless they show full steps, a strong proof-like finish or a notable error.
How to recognize it
Felix Schlag's portrait shows Thomas Jefferson facing left with IN GOD WE TRUST, LIBERTY and the date. The reverse shows the front of Monticello, Jefferson's home, with MONTICELLO and FIVE CENTS below. The mint mark was to the right of the building until 1964 (above the dome on wartime silver nickels) and moved to the obverse, near the date, in 1968. Schlag's initials FS were added below the bust in 1966.
Mintage chart
Specifications
| Series | Jefferson Nickel (1938–2003) |
|---|---|
| Year | 1962 |
| Mint | Philadelphia Mint |
| Mint mark | None |
| Strike type | Circulation strike |
| Mintage | 97,384,000 |
| Face value | 5¢ |
| Composition | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.21 mm |
| Edge | Plain |
| Designer | Felix Schlag |
Other 1962 Jefferson Nickel issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1962 Jefferson Nickel | 97,384,000 | Circulation strike | – |
| 1962 Jefferson Nickel Proof | 3,218,019 | Proof | – |
| 1962-D Jefferson Nickel | 280,195,720 | Circulation strike | – |
Mintage: United States nickel mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.