How Much is a 1962 Nickel Worth? (Price Chart)

The Jefferson nickel is one of the coins with the production continuing until these days, although it first appeared in 1938. The US Mint began this piece minting to replace the too demanding and complicated Buffalo nickel design.

With nearly 400,000,000 minted nickels in 1962, these coins are incredibly available on the market. Due to such a high circulation, you can quickly find these pieces even in the mint state. As you can guess, the 1962 nickel value is not high, and you will have no problem collecting the entire set in a relatively short period.

1962 Jefferson Nickel History

The first Jefferson nickels were minted in 1938, and this design was the third featuring a former US President portrait. Previously struck coin types included Abraham Lincoln and George Washington images.

1962 Jefferson nickel

Location Year Minted
Philadelphia 1962 107,384,000
Philadelphia 1962 proof 3,218,019
Denver 1962 D 280,195,720
Total / 390,797,739

In early 1938, the US Mint announced a competition for a new nickel design with a $1,000 prize. Although the deadline for submitting applications was April 15, there were only a few applications by mid-March.

Finally, the judges reviewed 390 received applications with conceptual solutions on April 20. They eventually chose the sculptor Felix Schlag‘s design, but judges insisted on an immediate change of the final solution.

It turned out that Mint officials were not satisfied with the idea of the Monticello shown from the corner. Therefore, the sculptor had to re-create a coin reverse with a direct view of this historic building.

1962 Jefferson nickel

Face value 5 cents ($0.05)
Compound 75% copper plus nickel
Coin weight 0.1764 ounces (5 g)
Coin diameter 0.8346 inches (21.2 mm)
Coin thickness 0.0768 inches (1.95 mm)
Shape Round
Edge Plain

When looking at the coin obverse, you can see a Jefferson portrait turned to the left, with the inscriptions IN GOD WE TRUST placed on the left. The word LIBERTY and the date are on the right side.

The central part of the coin reverse occupies Monticello, the historic building and Thomas Jefferson’s home. The Latin saying E PLURIBUS UNUM goes along the upper rim, above the building.

The inscription UNITED STATES OF AMERICA is struck on the lower rim. Finally, you can notice MONTICELLO’s name and the denomination FIVE CENTS below this historical building’s image.

 

1962 Jefferson Nickel Types

In 1962, the US Mint produced nearly 400 million Jefferson nickels in two different mints. The Denver mint struck coins with the D marking, while Philadelphia minted both commercial and proof specimens without the mint mark.

1962 Jefferson nickel

1962 Jefferson nickel
Image

Out of a total of 390,797,739 Jefferson nickels produced in 1962, the Philadelphia mint minted 107,384,000 specimens. You can distinguish these coins thanks to the mint mark absence next to the Monticello building on the coin reverse.

Since this coin is abundant on the coin market, its value is pretty low. For instance, a piece with an extra fine rating is worth only $0.05, which is this nickel’s face value.

1962 Jefferson nickel value*

Quality 1962 1962 D
MS 60 $0.28 $0.28
MS 65 $11 $34
PR 65 $3.3 /

*by USA Coin book

Even the 1962 Jefferson nickel in the mint state is not more expensive, and you can find a well-preserved piece in MS 67 grade for only $360.

Still, the 2013 auction record is atypically high. One collector set aside an incredible $21,150 for the 1962 MS 67+ Jefferson nickel.

1962 proof Jefferson nickel

1962 proof Jefferson nickel
Image

In 1962, the Philadelphia mint minted 3,218,019 proof Jefferson nickels. Enlarged interest in collecting the entire set and increasing demand for these coins was a reason for such large mintage.

1962 proof Jefferson nickel value*

Quality 1962 1962 CAM 1962 DCAM
PR 60 $0.25 to $0.4 / /
PR 61 $0.3 to $0.5 / /
PR 62 $0.35 to $0.55 / /
PR 63 $0.4 to $0.6 / /
PR 64 $0.4 to $0.6 / /
PR 65 $1 to $1.5 $2 to $2.65 $4 to $5.4
PR 66 $4 to $5.4 $6 to $8.1 $12 to $16.2
PR 67 $8 to $10.8 $10 to $13.5 $22 to $29.7
PR 68 $12 to $16.2 $14 to $18.9 $28 to $37.8

*by Greysheet

As a result, the proof value is insignificant, ranging from $0.25 to $37.8, except for a couple of auction records. However, even these records are not exceptionally high:

  • Nickel with a PR 67 rating was sold in 2021 for $400
  • Nickel with a PR 69 CAM rating was sold in 2019 for $550
  • Nickel with a PR 69 DCAM rating was sold in 2007 for $1,093

1962 D Jefferson nickel 

1962 D Jefferson nickel 

The Denver mint produced 280,195,720 Jefferson nickels in 1962. You can quickly identify these pieces by the D mint mark on the reverse, right of Monticello. The amount of minted coins makes them highly available on the current market.

1962 Jefferson nickel value*

Quality 1962 1962 D
Good $0.09 /
Very good $0.21 $0.12
Fine $0.21 $0.12
Very fine $0.21 $0.22
Extra fine $0.21 $0.46
AU $0.21 $0.46
UNC $1.09 $1.09

*by Numista

As you can guess, the 1962 D Jefferson nickel has no remarkable value due to its large circulation and availability on the coin market. Therefore, you can notice that a specimen with an extra fine rating is only worth its face value of $0.05.

On the other hand, you should set aside about $340 for a piece in an MS 66 grade. The auction record from 2020 is atypical. The 1962 D MS 65 Jefferson nickel was sold for a surprisingly high price of $3,525.

 

1962 Jefferson Nickel Variety

1962 Jefferson nickel Full Steps

1962 Jefferson nickel Full Steps

The Full Steps variety is the coin with clearly visible five or six complete steps at the Monticello entrance on the coin reverse. Such a nickel is significantly rarer than typical soft-strike specimens. 

1962 Full Steps Jefferson nickel value*

Quality 1962 1962 D
MS 64 $10 to $13.5 $350 to $455
MS 65 $25 to $33.75 $2,600 to $3,250
MS 66 $75 to $101 /
MS 67 $3,800 to $4,750 /

*by Greysheet

These scarce Jefferson nickels can reach significant value on the coin market. Typically, the 1962 Full Steps nickel prices vary from $10 to $4,750, depending on the coin condition.

 

1962 Jefferson Nickel Grading

1962 Jefferson Nickel Grading

Collectors always look for well-preserved nickels or those in the mint state, although coins in the low grades are also collectible. That is why it is crucial to assess your specimen condition.

1962 Jefferson nickel value*

Quality 1962 1962 D
MS 64 $10 $12
MS 65 $28 $28
MS 66 $165 $43
PR 66 $9 /
PR 67 $13 /
PR 69 $35

*by CoinHelpU

The best option is to leave the nickel evaluation to authorized companies, increasing its value on the coin market. You can also assess your piece yourself by following specific guidelines to determine its value informally.

Uncirculated – Such a coin was never in regular circulation, leaving its original luster still present. Therefore, the nickel with this rating is the most sought-after among collectors and highly positioned on the value scale. While looking at this piece, you can see that the design is clear and sharply defined.

1962 Jefferson nickel value*

Year Quality
Good Fine Extra fine Uncirculated
1962 $0.05 $0.05 $0.05 $0.38
1962 D $0.05 $0.05 $0.05 $0.38

*by CoinStudy

Extra fine – Minor imperfections caused by short-term circulation are barely visible to the naked eye. Besides the lack of original shine on the surface, you can also notice slight flattening of the pronounced design parts. It is particularly evident in Jefferson’s hair curls above his ear and cheek line.

Fine – This piece was in regular circulation for a long time but avoided severe damage. You can see the changes in Jefferson’s hair above the ear and the lines of the coat. Plus, a former President’s cheek is significantly flattened. On the other hand, you can still recognize the date and letters in the inscriptions.

1962 Jefferson nickel value*

Quality 1962 1962 D
Extra fine $0.05 to $0.2 $0.05 to $0.2
AU $0.05 to $0.2 $0.05 to $0.2
MS 60 $0.06 to $0.21 $0.06 to $0.21
MS 61 $0.08 to $0.23 $0.08 to $0.23
MS 62 $0.12 to $0.27 $0.12 to $0.27
MS 63 $0.5 to $0.75 $0.5 to $0.75
MS 64 $2 to $2.65 $9 to $12.75
MS 65 $7 to $9.45 $40 to $54
MS 66 $30 to $40.5 $260 to $338
MS 67 $275 to $358 /

*by Greysheet

Good – The long-term hand-to-hand exchange left visible consequences on this coin. As a result, you can see many scratches and slight damage on its surface, while changes in relief are visible. For instance, you can see that most of Jefferson’s hair details are missing, while only main face contours remain.

 

Summary

To know accurately how much your 1962 Jefferson nickel is worth, you need to check two things. First, you should determine the mint the specimen originates because that significantly affects its value.

Another thing is the coin condition since collectors first check that part. They are usually not interested in low-grade specimens, especially when they are cheap, like 1962 Jefferson nickels.

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