How Much is a 1963 Nickel Worth? (Price Chart)

Although Jefferson nickels replaced Buffalo nickels in 1938, the US Mint still regularly produce them nowadays. Therefore, many people often find them in their pockets. It seems that these coins are not worth collecting since they are still in circulation, but most collectors disagree.

With nearly half a billion specimens minted, the 1963 nickel value is insignificant on the current coin market. However, some pieces can reach high sales values, depending on the mint mark and their condition. These coins are an excellent choice for collectors, regardless of their budget and preferences.

1963 Jefferson Nickel History

After a competition announced in late January 1938, new coins replaced the existing Buffalo nickels with too complicated a design. The terms for the conceptual design were to include a Jefferson portrait and his home Monticello.

It was the third coin to bear a portrait of an American president. Before Thomas Jefferson, the US proudly put Lincoln’s and Washington’s images on the coin obverse.

1963 Jefferson nickel

Location Year Minted
Philadelphia 1963 175,776,000
Philadelphia 1963 proof 3,075,645
Denver 1963 D 276,829,460
Total / 455,681,105

The planned prize for a winner was $1,000, and the judges chose the German sculptor Felix Schlag’s idea. However, mint officials didn’t like his depiction of Monticello because he portrayed the building from a corner.

They also considered that the lettering style was too modern and inadequate for this particular coin. Therefore, the sculptor took their remarks into account and adjusted the design.

1963 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

The coin obverse depicts a Thomas Jefferson portrait turned to the left. You can see the motto IN GOD WE TRUST along the coin’s rim, while the word LIBERTY and the date are on the right side.

1963 Jefferson nickel value*

Quality 1963 1963 D
MS 60 $0.3 $0.3
MS 65 $11 $34
PR 65 $3.3 /

*by USA Coin book

The reverse shows the Monticello building, Jefferson’s beloved home and a famous American landmark. Above the building, along the upper rim, stretches the Latin saying E PLURIBUS UNUM.

You can see the inscription UNITED STATES OF AMERICA along the bottom rim, while the denominations FIVE CENTS and MONTICELLO are above it.

 

1963 Jefferson Nickel Types

Almost 500 million 1963 Jefferson nickels were minted in two mints in Philadelphia and Denver. You can distinguish these coins by the mint mark they have or not.

1963 Jefferson nickel no mint mark

1963 Jefferson nickel no mint mark
Image

The Philadelphia mint struck a large mintage of 175,776,000 Jefferson nickels in 1963. Such a large circulation made it possible to quickly find these specimens in the mint state, even though most spent a long time in use.

On the coin reverse, you can see an empty space to the right of Monticello because this mint didn’t use the mark.

1963 Jefferson nickel value*

Quality 1963 1963 D
MS 60 $0.25 $0.25
MS 64 $12 $13
MS 65 $15 $18
MS 66 $53 $46
PR 66 $14 /
PR 67 $16 /
PR 69 $37 /
PR 70 $44 /

*by CoinHelpU

Another consequence of a high 1963 Jefferson nickel mintage is its abundance on the coin market, affecting its value. Therefore, a piece in good condition can cost you only $0.05, but you need to set aside more money for a coin in the mint state.

For instance, a specimen with MS 67 rating often costs $1,150. However, the situation with coins sold at auctions is different. One 1963 MS 67 Jefferson nickel was sold for $3,600 at the auction in 2020.

1963 proof Jefferson nickel

1963 proof Jefferson nickel
Image

The Philadelphia mint minted 3,028,144 proof Jefferson nickels the same year. Such a large circulation directly affects their price on the current coin market. Their value varies from $0.25 to $40, depending on the condition.

1963 proof Jefferson nickel value*

Quality 1963 1963 CAM 1963 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

Even at auctions, this nickel never achieves high value. Thus, at the auction in 2012, a specimen with a PR 70 rating was sold for only $978.

1963 D Jefferson nickel

1963 D Jefferson nickel

In 1963, the Denver mint continued the increasing circulation trend from previous years and minted 276,829,460 Jefferson nickels with the D mark. These pieces’ abundance on the current coin market significantly affects their value.

1963 Jefferson nickel value*

Quality 1963 1963 D
Good $0.04 /
Very good $0.18 $0.11
Fine $0.18 $0.11
Very fine $0.18 $0.17
Extra fine $0.57 $0.37
AU $0.57 $0.74
UNC $1.1 $1.1

*by Numista

When deciding to sell your nickel in good condition, you can expect to get only its face value of $0.05. The situation with coins in the mint state is slightly better, and you can get about $60 for those in an MS 65 grade.

However, the 2008 auction record can sound encouraging to you because a specimen with an MS 65 rating was sold for an incredible $9,200.

 

1963 Jefferson Nickel Variety

1963 Jefferson Nickel Variety

Officially there is no recorded 1963 Jefferson nickel with an error. If there are any, they are undoubtedly sporadic cases that can reach significantly higher prices on the coin market.

On the other hand, you can find a famous 1963 Jefferson nickel variation with the Full Steps label.

1963 Full Steps Jefferson nickel

The 1963 Full Steps Jefferson nickels have visible five or six steps at the entrance to Monticello on the coin reverse. The only way to receive this specific status is that none of these steps show any strike weakness. 

1963 Full Steps Jefferson nickel value*

Quality 1963 1963 D
MS 64 $20 to $27 $2,000 to $2,500
MS 65 $75 to $101 $3,500 to $4,380
MS 66 $275 to $358 /

*by Greysheet

According to official PCGS and NGC evaluations, only coins in a minimum MS 60 grade can get this status. Their value on the coin market varies between $20 and $4,380, depending on the mint mark and condition.

 

Marketing analysis

As I have already mentioned, 1963 Jefferson nickels contain copper and nickel. Therefore, fluctuations in the precious metals market won’t affect their value.

 

1963 Jefferson Nickel Grading

1963 Jefferson Nickel Grading

Only careful examination can determine the condition of such old coins like the 1963 Jefferson nickels.

Since they can be both collectible pieces and specimens in circulation, it is best to leave estimation to experts. However, you can roughly do it yourself by following specific guidelines.

Uncirculated – This Jefferson nickel wasn’t in circulation, making it the first choice for dedicated collectors. It is in perfect condition and still shows its original luster.

You should carefully check the details on the top points of Jefferson’s hair and coat collar. Be aware that first signs of wear appear at these points after even the shortest period of use.

1963 Jefferson nickel value*

Year Quality
Good Fine Extra fine Uncirculated
1963 $0.05 $0.05 $0.05 $0.4
1963 D $0.05 $0.05 $0.05 $0.4

*by CoinStudy

Extra fine – Changes caused by short-term circulation are visible only if you take a good look at its surface, often with a magnifying glass.

You will notice the significant luster loss on the details of Jefferson’s hair. The collar and coat line have started merging on the specimen surface, although these changes are barely noticeable.

Fine – This piece was in circulation for a long but still escaped significant damage. You can see that the main relief is still evident, while the delicate details are mostly lost their sharpness. These changes are most noticeable on Jefferson’s hair, face, and coat collar.

1963 Jefferson nickel value*

Quality 1963 1963 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 /
MS 61 $0.08 to $0.23 /
MS 62 $0.12 to $0.27 /
MS 63 $0.5 to $0.75 $2 to $2.65
MS 64 $3 to $4.05 $10 to $13.5
MS 65 $6 to $8.1 $42 to $57
MS 66 $20 to $27 /
MS 67 $900 to $1.150 /

*by Greysheet

Good – Collectors often avoid these coins, although they are still collectible. Such a grade belongs to a piece with significant damage appearing after a long time in circulation.

Although the crucial relief details are visible, the coin’s surface is flattened without lovely details, and letters in inscriptions are mostly merged.

 

Summary

To determine the exact 1963 Jefferson nickel value, you need to consider a few things. The coin type is crucial, and it depends on the mint where they were produced. You should also pay particular attention to its condition. As expected, most collectors will look for pieces in the highest possible grade.

4 thoughts on “How Much is a 1963 Nickel Worth? (Price Chart)”

  1. I have a 1963 nickel with the buffalo on the back in good condition I’m just trying to see if it was worth anything.

    Reply

Leave a Comment