How Much is a 1964 Nickel Worth? (Price Chart)

Jefferson’s nickels are still popular amongst coin collectors despite their antique features. However, the challenge lies in finding the best quality that numismatic collectors want. The 1964 Jefferson Nickel coin is one of the coin series designed by Felix Oscar in 1938.

The 1964-nickel value is 5 cents in good condition. The Jefferson Nickel is 75% copper and 25% nickel and has a total melt value of $0.0567. The highest sale for 1964 Jefferson SP68 was $32,900.

This article highlights the history of the Jefferson nickel and its major features. We also have information on how to grade the coin for higher prices that exceed its face value.

What Is 1964 Jefferson Nickel?

What Is 1964 Jefferson Nickel

It is a five-cent coin issued in 1964 in honor of the late President Thomas Jefferson. The 1964 Jefferson Nickel coin features the portrait of Thomas Jefferson on the obverse and his home Monticello on the reverse. Designed by Felix Schlag in 1938, the Jefferson Nickel replaced the Indian Head cent.

Summary of the 1964 Jefferson Nickel

Country of Origin  The US
Year Of Mintage  1964
Denomination/Face value  Five Cents
Main Features Thomas Jefferson Portrait, and his Monticello home on the reverse
MintMark:  D (Denver)
Mintage number 1,787,297,160
Alloy (metal)  75% Copper, 25% Nickel
Weight  5.00 g
Diameter  21.21 mm
Edge type Smooth (Plain)
Designer  Felix Schlag

 

History of the 1964 Jefferson Nickel

History of the 1964 Jefferson Nickel

The US mints struck the first Jefferson coins on October 3, 1938. They wanted a coin design bearing the portrait of Thomas Jefferson and his stately home, so Schlag won the first slot among other contenders to design the famous coin.

At that time, Nickel was an essential component used in manufacturing weapons such as armored tanks used in the First World War. As a result, there was massive hoarding of Nickel and Jefferson Nickel coins.

As a temporary measure to control the level of Nickel supply, the US congress formulated a policy to have a reduction in Nickel content on Jefferson currencies. Therefore, the US mints used an alloy of copper, manganese, and silver to make Jefferson coins.

In 1964, the Jefferson Nickel series made history because the US mints struck a record 1,000,000,000+ coins. The mints wanted to cover the shortage of silver coins in circulation due to hoarding in the early 1960s.

Unlike Jefferson nickels struck towards the end of the 1950s and early 1960s, the 1964 series had a soft, sharp appearance because they used higher quality dies.

Reason for Minting

The main reason behind the production of the Jefferson Nickel coin was to honor Thomas Jefferson, the third President of the United States of America. He was instrumental in creating a monetary system for the country, hence deserved recognition.

Mintage

The production of 1964 dated nickel coins was significantly higher than the previous years due to expanded production. Two mints struck the coin in 1964, namely Philadelphia and Denver. The main mint struck 1,028 622,762 coins, while the branch mint at Denver struck 1,797,297,160 Jefferson Nickel coins.

Features of the 1964 Jefferson Nickel

The Jefferson silver is an iconic coin that features several unique features. Below is a video showing the 1964 Jefferson Nickel coin:

Obverse

The obverse side features a left-facing portrait of Thomas Jefferson at the center of the coin. Jefferson’s head is almost in contact with the coin’s upper margin, while the left shoulder touches the lower edge of the coin. An inscription “IN GOD WE TRUST” runs clockwise from Jefferson’s chest to his upper hairline along the left margin. Behind Thomas Jefferson is an inscription “LIBERTY” and the date (1964), running clockwise along the right margin. A five-point star separates the two words.

Reverse

The coin’s reverse has a frontline view of the President’s stately home, dubbed “Monticello.” The President designed his physical home using architectural designs from the Italian Renaissance. The home occupies the central part of the obverse face, and below it is an inscription “MONTICELLO” in a straight line of text.

On the upper margin is an inscription “E PLURIBUS UNUM,” reading clockwise. The coin’s denomination (FIVE CENTS) forms a curve beneath the word “MONTICELLO.” Below the coin’s face value is another inscription, “UNITED STATES OF AMERICA,” running clockwise along the lower margin. Interestingly, all Jefferson nickels did not have Schlag’s initials until 1966.

Slogans

Like other Jefferson nickels, the 1964 series bear symbolic slogans. A closer look at the coin will show the following slogans:

  1. E PLURIBUS UNUM

It is a Latin phrase that stands for ‘out of many, one. The slogan is an affirmation that the nation of America consists of 50 states that united to form a single nation.

  1. LIBERTY

The word Liberty is a founding principle that denotes the freedom enjoyed in the country despite past civil wars and global wars.

  1. IN GOD WE TRUST

The phrase is a statement widely used to express religious sentiments shared by sections of the people of America.

  1. MONTICELLO

The word ‘Monticello’ is an Italian phrase that means ‘little mountain’ (mound). The President acquired the name from his Italian architectural design of the home.

Mint marks

Mint marks
Image

The mint mark is an important identification feature that tells the location of the mint responsible for striking the coin. All Jefferson Nickel coins struck between 1938-1964 bear mint marks on the reverse side.

The mint mark appears at the far-right side of the coin, near the President’s Monticello. The most common mint mark on the 1964 Jefferson Nickel is “D” (Denver). However, 1964 Jefferson nickels struck at the Philadelphia mint do not bear a mint mark.

Metal Used

The 1964 Jefferson coin is a composite metal piece with a silver appearance. However, the Jefferson coin has no silver content. It contains 75% copper and 25% nickel. The Jefferson nickel weighs 5 grams and has a diameter of 21.2 mm. In addition, it has a smooth edge.

Value of the 1964 Jefferson Nickel

Value of the 1964 Jefferson Nickel

The 1964 Jefferson Nickel is the most common of all nickel series issued by US mints. It, therefore, retains a five-cent value in all circulated conditions. However, the coin may attract higher values in pristine conditions. Below are some of the coin’s prices at numismatic markets:

Denominational Value

The coin has a denominational value of five cents. The value appears on the reverse side, near Monticello.

How Much Is the Metal in 1964 Jefferson Nickel Worth?

The 1964 series of the Jefferson coins have 75% copper and 25% nickel. The copper melt value is $0.0339, while that of Nickel is $0.0227. The coin, therefore, has a melt value of $0.0567. However, melt value is dynamic as it depends on the current spot price for copper and Nickel.

How Much Is the 1964 Jefferson nickel at the Pawnshop?

At the pawnshop, the Jefferson nickels attract a value of 5 cents to 0.50 cents in circulated conditions and $0.27-$8.91 or more in uncirculated conditions. If you have an MS+ Jefferson nickel certified by a professional, it may be worth $43 at an auction.

A proof coin is worth $2 or slightly higher because the main mint struck 3.9 million proof coins in 1964.

Comparison Table Showing the Value of the 1964 Jefferson Nickel:

Condition 1964 1964 D Proof (PR 65)
Uncirculated 8.91 0.63 $3.22
Extremely Fine 0.05 0.05  –
Fine 0.05 0.05  –
Good 0.05 0.05  –

 

Factors that Determine the 1964 Jefferson nickel Value

Factors that Determine the 1964 Jefferson nickel Value

Coin collectors are always looking for high-value coins to complete their Jefferson series. Your coin must meet specific requirements that collectors want to earn higher prices. Below are common factors that determine the value of the 1964 Jefferson Nickel:

Full Steps

It is a special quality characterized by the highest quality of preservation of the steps on the President’s Monticello. A full steps coin has at least five steps of the home in perfect condition, good relief, and no minting defects. A full steps attribute redefines the coin’s value, making it a preference of many coin collectors. 1964 Jefferson Nickel coins having full steps are rare, hence in high demand. If you have one, its value will be ten or more times higher than its traditional value.

Condition

Jefferson’s nickels value in condition, and the most preferred are those in excellent condition with new, original features. The top grades of the nickel coins are worth a premium value. Below are the four main guidelines that will help you understand how a grading company will value your coin:

Uncirculated

The uncirculated condition is the topmost level of grading of the Jefferson coin. Uncirculated coins have a limited time in circulation and bear no signs of degradation from changing hands. In this state, your Jefferson Nickel should retain its original features and appear fresh from the mint. Taking a closer look at its surface, the high and low areas of the cheeks and mouth are all consistent. They also have an even match of the tone, texture, and luster.

Extremely Fine

A Jefferson coin in extremely fine condition may have minor scratches on its surface. It has a slight color change and dull high points. The cheeks are smooth, while the raised areas around the mouth and cheeks are now flat. However, the damage should only be visible under a closer examination using a magnifying glass.

Fine

A Jefferson coin in fine condition has a longer circulation time with visible signs of surface wear. Most facial features are flat, and the cheeks connect to the eyebrows and the jaws. In addition, Jefferson’s hair appears smooth with no visible hair strands.

Good

These coins have serious defects after wide circulation and frequent handling, including discoloration, scratches, and dents. If your coin is in this state, coin collectors may avoid it.

Valuable Minting Error

Like other denominations, the 1964 Jefferson Nickels may have special minting errors. Some errors include missing dates, re-punched mint marks, and double or triple dies. The value of Jefferson error coins ranges from hundreds to thousands of dollars. A classic example is the 1964 Triple die reverse proof coin, 11 copies registered by the PCGS.

1964 Jefferson Nickel Value FAQs

1964 Jefferson Nickel Value FAQs

1. Why are there So Many 1964 Jefferson Nickels?

The huge mintage of 1964 Jefferson nickels resulted from massive hoarding of silver, which led to rising silver prices. As a result, the US Congress, through an act, allowed mints to strike nickel coins in 1965 with the date 1964. More nickel coins would help alleviate the shortage of coin circulation experienced then.

2. Which Is the Rarest 1964 Jefferson Nickel?

The 1964 SMS is the rarest Jefferson Nickel coin. It has an extraordinary fine strike, an impressive appearance and is worth $8,750 in MS 65.

3. Which are the Most Valued 1964 Jefferson Nickels?

Some of the most valued nickels exist only in uncirculated conditions, hence their premium prices. They feature an original appearance of their subtle features, including the full steps on the Monticello. They include:

  • 1964 SMS FS: valued at $8,625-$32,900
  • 1964 FS: valued at $14,100
  • 1964 D FS: valued at $6,325
  • 1964 SMS: valued at $4,140
  • 1964 D/D: valued at $4,015

Winding Up: Is the 1964 Nickel Worth its Value?

The 1964 Jefferson Nickel coin is one of the long-serving nickel series struck by the US mints. Featuring a profile bust of Thomas Jefferson and his palatial Monticello, it is an iconic currency. Although it has a five-cent value, its price is worth thousands of dollars in MS+ conditions. Moreover, if you have a full-step coin with a unique minting error, it fetches higher prices.

68 thoughts on “How Much is a 1964 Nickel Worth? (Price Chart)”

  1. I have a no mint mark. ( Philadelphia minted 1964 in extremely fine condition. Not a scratch on it. No wear at all showing. It’s not been certified yet. It’s for sale. How much is it worth to you? Call me.

    Reply
  2. hi am in South Africa I have a 1964 coin..it’s still In good condition.. I also have differents types of coins.please email me if you are interested.

    Reply
  3. Hi my name is Tonya McRae and I have several nickels left to me from a coin collector friend of mine who passed away ranging from 1939 to 1969. Many of them are 1964 nickels but lots others from every year in-between. Many of them are in great condition. Please message me with any ideas of what I should do or if you’re interested. I know it would make my friend happy to see his collection put to good use!

    Reply
    • Hi there so you still have the coin collection you spoke about in this thread? My son and I are avid collectors (not for profit) and he insisted I try and contact you because he said when he opens his exquisite collection gallery (when he finishes school & college) he would love to be able to showcase your friends coins. He really is a special boy and he’s had a tough road so far but we have no doubt he will follow through with his dream as he has been talking about it since he was 5(now age 13). Anyways if you still have them and really want your friends coins to be shown, cared for, & protected them I assure you he is your guy!! He said he would make sure you had opening day VIP passes!
      Ryan & Jacob Mc
      Broken Arrow, Oklahoma

      Reply
      • I.jist.wanted to say that I read your comment, and I think that is so awesome that you and your son share this hobby together. You sound like a wonderful dad and I hope you know that. I’m just getting into coin collecting myself and I’m having a lot of fun. I just found a 1977 penny that’s missing the L in liberty.also , I have a 1964 d Nickel.

        Reply
      • Hello, I have a bunch of coins from 1920 to the 1970. Mist or 1940s to 1960s. In different amounts. Include ding Kennedy half dollars. I have the steel pennies from the war, a bunch of buffalo nickels. 1 cent pieces. And a lot of foreign coins as well. As I know nothing about coins I would like to sell all together. It could be worth a lot or nothing. Im only asking $150 for them all.. but it could be worth thousands. Will not separate. If your interested in purchasing. Please let me know
        435-512-6187
        Heidi

        Reply
    • I guess this may be a really old thread but some luck. I would love to hear about the coins you have. I am a collector been doing this for years now I collect all different types of coins different countries coins and I love doing it. I even collect tokens to I am interested in seeing what you may have I have not even tried to sell not one coin. Most people think I am crazy for not selling I have some that would probably go in to the thousands I am hanging them over to my children and there getting some age on them but I still going at it there are still some coins I am looking for I may never find them but I am trying but if you get this just hit me up.

      Reply
      • I have many coins many old wheat pennies, I have a lot of old nickels, a friend gave me quite a few Indian head pennies and I have some buffalo nickels, the one nickel is a 1926 buffalo. I also have a good size jar of foreign coins, from all over the world. I’m not in a good place in my life and really needing money. I haven’t had any of the coins graded and most all of them are circulated.

        Reply
    • I have a 1964 P Monticello with full steps as well and 2 1938 D with full steps very first year they was minted and also a 1929 vertical s on the obverse
      of my buffalo nickel and D on the reverse

      Reply
  4. I have a 1964 D nickel with a smidge of copper showing on the face of Jefferson. What can
    you tell me about this coin?

    Gary Quehl

    Reply
  5. I have a 1964 D that is off struck right to left and I believe also double struck.with all the border on the right and little to none on the right it is a circulated coin.

    Reply
  6. I am a coin collector been collection coins for a long time now. I am into errors and varties I love to roll hunt I have picked out uncirlation conis for a long time and I mean Old coins that have some how dodge being passed back and forth. I had a roll of nickel last night and I pulled a 1964 d possible RPM my lens I had is broken at the moment but this coin is one of the hardest hit coin to make the letter and number to just hurt your eyes. And the shine or frost look when you put it under a light it will hurt your eyes. Now I hate to say that it is not a full step it is only showing 3 steps but I have never seen one so Sharp in detail and I been doing this for years and I have plenty of nice condition coins. This coin looks something like a proof I have found some crazy things roll hunting it will probably grade at a 66 or maybe higher like I said I never seen one with the letter and number so detailed it is crazy. If any body is curious about this coin plus I just got a handful of mecury dimes that are in MS condition hit me up.

    Reply
  7. Hi, i have a 1964 with no mint mark it. All writing us very visible, you can still see face and hair details. Can you help me get the value?

    Reply
  8. I have a 1964 nickel and i dont see a mint mark. But it is in very good condition you can see all the hair and lip designs. Im new at this so i would to get o5 graded and certified. I also have a 1952 and 1953 nickel. I would love to hear some expert advice on these coins. If interested please email me. Thank you for your time in this matter.

    Reply
  9. I have a 1964 circulation nickel that has no mint mark on it and other flaws in it asking for the highest bidder can take it checked value and was told that it was worth 15,000 dollars so I am asking for the best offer will take it from me .text me at 719-960-9909 only serious bidders please cause I am not playing games with anyone .willing to ship it for free but I need to be paid for first in full .thank u Karen Hoadley no phone calls just text me please.

    Reply
  10. I have 28 U.S coins consist of: Half dollar J.F. Kenedy 1969 total 2 coins.Quarter Washington 1965, 1966 and 1974 total3 coins.Dime Rosevelt 1965, 1967, 1967,1968 total
    4 coins .Nickel 1964 five coins, 1946 1 coin ,1970 two coins ,1963 1 coin,1962 1 coin total ten coins.Penny Lincoln 1972,1972,1976 D,1968,1978D,1969D,1970,1958D,1965 total 9 coins.All of them are for salles pls.contact my email Tnank you.

    Reply
  11. I have a 1964 Jefferson nickel with a very unique error. There is a number 25 stamped under the E Pluribus Unum. In trying to find more info on it. Please let me know.

    Reply
  12. I have a 1964 Jefferson nickel with a very unique error. There is a number 25 stamped under the E Pluribus Unum. I’m trying to find more info on it. Please let me know.

    Reply
  13. I have a 1964 D Jefferson Nickel full step double struck with the letter C missing on word cents also the E on Five is 3/4 missing. The research I have done does not show any other nickel like this. My question is. How rare is this nickel with these errors?

    Reply
  14. I have two 1992 close AM pennies. One without a mint mark and the other with D mark. I would like to see what they are worth.

    Reply
  15. I have coins that when I check value they are usually expensive but later upon viewing more the prices drop considerably. I have:
    1964D nickel
    1983D dime
    Quarters: 2022D (3)
    2015D Louisana
    2017D quarter(Frederick Douglass)
    2021D quarter (Delaware crossing)
    1977 plain
    1979D quarter
    2003D quarter (Arkansas)
    Nickels:
    2005D buffalo
    2005D Lewis & Clark(2)
    Jefferson 1988P
    1976D nickel Jefferson

    If they have value contact me, I collected 65 yrs ago, just restarted, but am no fool. Thanks may 9, 2022

    Reply
  16. I have a 1964 I have had for approx. 40 years. I bought it as a proof for my collection at the time. Recently I had a person more knowledgeable than myself tell me it has 5 unbroken steps and there are 4 steps from multiple strokes in the date that
    Are very visible. Very valuable?

    Reply
  17. I have a 1964 nickel I bought as a proof about 40 years ago. It has full steps and also triple date. All I find for reference all have errors on reverse not the obverse. Anyone know of another I can compare to?

    Reply

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