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Inventory:
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- Product ID: 3369
The Jefferson Nickel 1940 BU (Brilliant Uncirculated) represents an important chapter in American numismatics, building on the legacy of the Jefferson Nickel series that debuted in 1938. Following the successful launch of this series, the 1940 nickel continued to honor Thomas Jefferson, one of the founding fathers and the third President of the United States. The coin is not just a piece of currency but a reflection of American history and the values that Jefferson espoused throughout his lifetime.
The obverse of the 1940 Jefferson Nickel features a finely detailed portrait of Thomas Jefferson, designed by Felix Schlag. Jefferson is depicted in profile, facing right, showcasing his prominent features with great detail. The inscription “LIBERTY” arcs above his head, while the year of minting, “1940,” appears just to the right of his portrait. This design not only celebrates Jefferson’s contributions to the nation but also captures his dignified presence, which is a testament to the artistic capabilities of the U.S. Mint at the time.
The reverse of the coin prominently displays Monticello, Jefferson's beloved Virginia estate, which he designed and built himself. The depiction of Monticello features its iconic dome and portico, meticulously rendered to highlight the architectural beauty of the building. Beneath the image, the words “FIVE CENTS” clearly denote the denomination of the coin, while the phrase “E PLURIBUS UNUM” is elegantly inscribed above Monticello. This reverse design symbolizes not only Jefferson’s architectural achievements but also the values of unity and democracy that he championed.
The 1940 Jefferson Nickel was minted at three different locations: Philadelphia, Denver, and San Francisco. The total mintage for the 1940 Philadelphia nickel was approximately 30 million coins, while the Denver mint produced about 12 million. The San Francisco mint added around 10 million coins to this total. This relatively high mintage makes the 1940 Jefferson Nickel one of the more accessible dates in the series, appealing to both collectors and casual enthusiasts alike. However, the presence of the “S” mint mark from San Francisco or the “D” from Denver adds a layer of complexity for collectors seeking to complete their sets.
The condition of the 1940 Jefferson Nickel is crucial to its value and desirability among collectors. Coins graded as Brilliant Uncirculated (BU) are those that have never been in circulation and retain their original luster and sharp details. The 1940 nickel in BU condition showcases brilliant surfaces that catch the light beautifully, enhancing the visibility of its design features. These coins are particularly sought after by collectors due to their pristine appearance, which exemplifies the high standards of minting and craftsmanship that were prevalent at the time.
The Jefferson Nickel series has become a favorite among numismatists, with many collectors focusing on completing sets that include coins from various years and mints. The 1940 nickel plays an essential role in this collection, serving as a continuation of the series that began in 1938. Collectors often seek to acquire the 1940 Jefferson Nickel to enhance their collections, as it represents both historical significance and artistic value.
Market interest in the 1940 Jefferson Nickel remains strong, bolstered by its historical importance and relatively high availability. While the mintage figures suggest that the coin is commonly found, the condition in which it is discovered significantly affects its market value. Coins in BU condition are often in high demand and can command premium prices among collectors looking for high-quality examples. The availability of multiple mint marks—Philadelphia, Denver, and San Francisco—also influences collector preferences, as many seek specific varieties to complete their collections.
The 1940 nickel was minted during a time of great change in the United States, as the nation was on the brink of entering World War II. This period marked a transition in American society, and the Jefferson Nickel series reflects the values and aspirations of a nation grappling with its identity and role in the world. The decision to feature Jefferson on the nickel was a recognition of the importance of liberty and democratic ideals during a time of global conflict.
In conclusion, the Jefferson Nickel 1940 BU is a significant collectible in the realm of American numismatics. With its elegant design, substantial mintage, and outstanding uncirculated condition, this coin embodies a vital piece of U.S. history. The 1940 nickel not only celebrates Thomas Jefferson's contributions but also serves as a reminder of the enduring values of liberty, democracy, and unity. Collectors who seek to own this coin are not merely acquiring a piece of currency; they are investing in a lasting symbol of American heritage and the principles that define the nation.