The 1939 Jefferson Nickel: Double Monticello is one of the most intriguing coins in American numismatic history. Known for its striking error, this coin features a doubling effect on the word “Monticello” and other details on the reverse. This rare minting error has made the 1939 Jefferson Nickel highly desirable among collectors and investors alike.
The History of the Jefferson Nickel
The Jefferson Nickel, introduced in 1938, replaced the Buffalo Nickel, which had been in circulation since 1913. Designed by sculptor Felix Schlag, the coin honors Thomas Jefferson, the third President of the United States, and his famous estate, Monticello.
What Is the Double Monticello Error?
The Double Monticello error is a form of doubled die error that occurs when the die used to strike the coin is improperly prepared, causing certain details to appear twice. In the case of the 1939 Jefferson Nickel, the doubling is most noticeable on:
- The word “Monticello” at the bottom of the reverse side.
- The words “Five Cents”, located beneath Monticello.
- Parts of the Monticello building itself, particularly the dome and steps.
How Rare Is the 1939 Double Monticello Nickel?
The 1939 Double Monticello Nickel is considered a rare error coin, but not impossibly rare. These coins were produced at the Philadelphia Mint, which minted a total of 120,615,000 Jefferson Nickels in 1939. However, only a small fraction of these coins exhibit the doubled die error.
Determining the Value of the 1939 Double Monticello Nickel
The value of the 1939 Double Monticello Nickel depends on its grade, which reflects the coin’s condition, and its market demand. Here’s an approximate breakdown of values based on condition:
- Good to Very Fine (G-VF): Coins with noticeable wear but visible doubling can range from $20 to $50.
- Extremely Fine (EF): These coins show minimal wear and can be worth $75 to $150.
- About Uncirculated (AU): Coins in this condition can sell for $200 to $400.
- Mint State (MS-60 to MS-65): Uncirculated coins with sharp details and no wear can range from $500 to $2,000, depending on the grade.
Tips for Collecting the 1939 Double Monticello Nickel
If you’re interested in adding a 1939 Double Monticello Nickel to your collection, here are some tips to help you get started:
1. Learn How to Spot the Error
Carefully examine the coin’s reverse with a magnifying glass or loupe. Look for doubling on the word “Monticello”, as well as the words “Five Cents” and the dome and steps of the Monticello building.
2. Verify Authenticity
Because of its popularity, the 1939 Double Monticello Nickel is sometimes counterfeited. Always buy from reputable dealers or have the coin certified by a professional grading service like PCGS or NGC.
3. Focus on Condition
While lower-grade coins are more affordable, high-grade examples are more valuable and make better long-term investments. If possible, aim for a coin in AU or MS condition.
Why Is the 1939 Double Monticello Nickel So Popular?
The 1939 Double Monticello Nickel holds a special place in U.S. numismatics for several reasons:
- Historical Significance: As one of the earliest errors in the Jefferson Nickel series, it represents a fascinating piece of minting history.
- Unique Design: The doubling effect creates a distinct and visually striking look, setting it apart from regular nickels.
- Investment Potential: Its rarity and demand make it a valuable addition to any collection, with potential for future appreciation.
Conclusion
The 1939 Jefferson Nickel: Double Monticello is a must-have for any serious coin collector. Its intriguing error, historical significance, and rarity make it a standout piece in the Jefferson Nickel series. Whether you’re a seasoned numismatist or a beginner, acquiring this coin is both an exciting challenge and a rewarding investment.
FAQs
Q1: What is the 1939 Double Monticello Nickel?
A: It’s a rare error coin from 1939 with doubling on the word “Monticello” and other details on the reverse, making it highly collectible.
Q2: How much is the 1939 Double Monticello Nickel worth?
A: Depending on its condition, it can range from $20 for worn examples to over $3,000 for high-grade uncirculated coins.
Q3: How can I identify the Double Monticello error?
A: Look for doubling on the reverse, particularly on the word “Monticello”, “Five Cents”, and the dome and steps of the Monticello building.