The 1943-P Jefferson Nickel is more than just pocket change—it’s a piece of American history that has become one of the most sought-after coins by collectors. Struck during World War II, this humble five-cent piece holds a fascinating backstory, rare varieties, and surprising value.
Why the 1943-P Nickel is Special
During World War II, nickel was a critical metal needed for armor and ammunition. To conserve resources, the U.S. Mint changed the composition of the Jefferson Nickel from its usual copper-nickel alloy to a silver-based blend:
- 35% silver
- 56% copper
- 9% manganese
These “Silver War Nickels” were produced from 1942 to 1945, but the 1943-P stands out for several reasons:
Key Features of the 1943-P Jefferson Nickel
Feature Description Mint Mark Large “P” above Monticello (first time Philadelphia coins had a mint mark) Composition 35% silver, making it heavier and slightly darker than regular nickels Rarity Some varieties, like the 3-over-2 overdate error, are extremely rare Collector Demand High among both coin enthusiasts and history buffs
What Makes Some 1943-P Nickels Worth Thousands?
While millions were minted, certain varieties are highly valuable:
1. The 1943-P 3/2 Overdate Error
- What Happened? A 1942 die was repunched with a 1943 date, creating a visible doubling effect.
- Why It’s Valuable: Only a few were struck before the error was caught.
- Current Value: Up to $10,000+ in top condition (MS-65 Full Steps).
2. Full Steps (FS) Designation
- Coins with fully visible steps on Monticello are worth significantly more.
- Grading services like PCGS and NGC certify these, increasing their value.
3. High-Grade Uncirculated Coins
- A well-preserved 1943-P nickel can fetch $50–$500, depending on condition.
Why Collectors Love This Coin
Beyond its silver content, the 1943-P nickel is prized for:
✔ Historical significance – A symbol of America’s wartime efforts.
✔ Unique appearance – Bold mint mark and silver alloy make it stand out.
✔ Affordability – Unlike rare gold coins, many collectors can still own one.
✔ Discovery potential – Some still turn up in old collections or even pocket change!
5 FAQs About the 1943-P Jefferson Nickel
1. How much silver is in a 1943-P nickel?
Each contains 0.05626 oz of silver, worth about $1–2 based on current silver prices.
2. How can I tell if my 1943 nickel is silver?
- Check the mint mark (a large “P” above Monticello).
- Test with a magnet—silver war nickels are non-magnetic.
3. What’s the rarest 1943-P nickel?
The 3-over-2 overdate error is the most valuable, especially in Full Steps condition.
4. Are all 1943 nickels silver?
Yes! All 1943 nickels were made with the 35% silver alloy.
5. Where can I sell a 1943-P nickel?
- Coin dealers (get multiple appraisals)
- Online auctions (eBay, Heritage Auctions)
- Coin shows (great for rare varieties)
Final Thoughts
The 1943-P Jefferson Nickel is more than just a coin—it’s a piece of WWII history. Whether you’re a seasoned collector or just starting, this wartime treasure offers a mix of historical intrigue and potential financial reward. Who knows? You might even find one in an old jar of coins!
Would you like help identifying or valuing a 1943 nickel? Let me know in the comments!