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1940-S

Nickels · Jefferson Nickels · 1938–Present
Regular
Weight5 g
Diameter21.21 mm
MintSan Francisco
StrikeCirculation strike
Mintage 39,690,000
EdgePlain
Alignment↑↓ Coin
Composition75% Copper, 25% Nickel
DesignerFelix Schlag
Collector's Key IDCK-1354

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About this coinHistory

San Francisco's 1940 Jefferson nickel mintage was 39,690,000 coins, another substantial production that places the 1940-S in the common-date category. The coin is readily available in all circulated grades and accessible in Mint State through major dealer inventories. Strike characteristics are generally strong, and Full Steps examples exist in adequate numbers for specialist demand.

Collectors building complete Jefferson nickel sets acquire the 1940-S without extraordinary difficulty. The coin is typical of early 1940s San Francisco production and benefits from the Reverse of 1940 hub configuration that improved overall Jefferson nickel strike quality. Gem-quality examples with Full Steps command modest premiums but are not prohibitively rare.

San Francisco's 1940 Jefferson nickel production contributed to the massive pre-war expansion of American coinage supply. The Pacific port city was preparing indirectly for the possibility of war, though formal American entry was still more than a year away. The 1940-S nickels circulated through a region that was simultaneously continuing its normal commercial patterns and quietly preparing for the military mobilization that would come with Pearl Harbor.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G) $0.10 $0.10
VG-8 Very Good (VG) $0.10 $0.15
F-12 Fine (F) $0.15 $0.20
VF-20 Very Fine (VF) $0.30 $0.30
EF-40 Extremely Fine (EF) $0.55 $0.65
AU-50 About Uncirculated (AU) $0.80 $0.95
MS-60 Uncirculated (MS) $2 $2
MS-63 Choice Uncirculated (MS)
Frequently Asked QuestionsFAQ
How much is a 1940-S Jefferson Nickel worth?
In Good condition it runs about $0.10, rising to roughly $2 in Uncirculated. These are reference values, not an appraisal.
How many 1940-S Jefferson Nickels were minted?
39,690,000 were struck.
What is a 1940-S Jefferson Nickel made of?
75% Copper, 25% Nickel, weighing 5 g.
What is the melt value of a 1940-S Jefferson Nickel?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1940-S Jefferson Nickel a key date?
It's a more common date overall, though scarcer die varieties may carry a premium — see the varieties list.