Two different types of Jefferson nickels were minted in 1942. There are the standard nickels and also the silver war nickels. Keep reading to learn more about each type.
Specifications
Type: Jefferson Nickel
Year: 1942
Face Value: $0.05
Total Weight: 5 grams
Silver Nickels
The silver nickels, known as war nickels, are composed of 56% copper, 35% silver, and 9% manganese. These coins have value as both numismatic coins and as silver bullion.
The easiest way to identify a silver nickel from a non-silver nickel is by looking at the mint mark. The mint mark can be found on the reverse side of the coin, above the Monticello image. Nickels that have a P or S mint mark are silver nickels. In addition, the mint mark is larger on the silver nickels.
Value
This coin in circulated condition is worth at least its weight in silver. The silver melt value for this coin is $1.76. This melt value is calculated from the current silver spot price of $31.34 per ounce.
The 1942 P nickel is worth around $3 in very fine condition. In extremely fine condition the value is around $3.50. In uncirculated condition the price is around $10 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $20.
The 1942 P proof nickel is worth around $110 in PR 65 condition.
The 1942 S nickel is worth around $3 in very fine condition. In extremely fine condition the value is around $3.50. In uncirculated condition the price is around $9 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $25.
Standard Nickels
The standard Jefferson nickels are composed of 75% copper and 25% nickel. These coins either have no mint mark or a D mint mark.
Value
The 1942 nickel with no mint mark is worth around $0.70 in very fine condition. In extremely fine condition the value is around $2. In uncirculated condition the price is around $4 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $15.
The 1942 proof nickel with no mint mark is worth around $90 in PR 65 condition.
The 1942 D nickel is worth around $4 in very fine condition. In extremely fine condition the value is around $5. In uncirculated condition the price is around $25 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $60.
D Over Horizontal D Error Coins
For the 1942 D nickel series there is the "D over horizontal D" error variety. On this coin the letter D is minted over a horizontal letter D.
This coin is worth around $80 in very fine condition. In extremely fine condition the value is around $200. In uncirculated condition the price is around $1,500 for coins with an MS 60 grade. Uncirculated coins with a grade of MS 65 can sell for around $6,000.
Grading System
Very fine- The second pillar from the right on the Monticello building is plain and complete on both sides.
Extremely fine- Jefferson's eyebrow, cheekbone, and hair lines are well-defined but slightly worn.
MS 60 uncirculated- There are no signs of wear. The coin has luster, but there may be a few stains, abrasions, or surface marks.
MS 65 gem uncirculated- There is strong luster and eye appeal. A few light contact marks may be present but they are barely noticeable.
PR 65 proof- There are no flaws to this coin. A few blemishes may be present.
Sources:
The Red Book
See also: