Identifying the Rare $500 1939 Doubled Monticello Jefferson Nickel

The 1939 Doubled Monticello Jefferson Nickel is a coveted piece among numismatists, celebrated for its unique doubling error on the reverse side.

This anomaly enhances its desirability and value, with well-preserved specimens fetching impressive sums at auctions.

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What Is the 1939 Doubled Monticello Jefferson Nickel?

Minted in 1939, the Jefferson Nickel features a portrait of President Thomas Jefferson on the obverse and an image of his Virginia home, Monticello, on the reverse.

A notable error occurred during production, resulting in the doubling of the inscriptions “MONTICELLO” and “FIVE CENTS” on the reverse. This doubled die reverse (DDR) variety is highly sought after by collectors.

Identifying the Doubled Monticello Nickel

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To accurately identify a 1939 Doubled Monticello Jefferson Nickel, consider the following steps:

1. Examine the Reverse Inscriptions:
   • Look closely at the words “MONTICELLO” and “FIVE CENTS.”
   • In the doubled variety, these inscriptions will appear with a noticeable second set of letters or numbers, indicating the doubling error.
2. Assess the Coin’s Condition:
   • Coins with higher grades, especially those with Full Steps (FS) designation, are more valuable.
   • The Full Steps designation refers to the clarity and completeness of the steps on the Monticello building depicted on the reverse.
3. Consult Grading Standards:
   • Use reputable grading systems like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) to determine the coin’s grade.

Value and Rarity

The value of a 1939 Doubled Monticello Jefferson Nickel varies based on its condition and the presence of the Full Steps designation.

For example, a coin graded MS67+ with Full Steps has been known to command prices up to $6,000. However, the market is dynamic, and values can fluctuate.

1939 Doubled Monticello Jefferson Nickel Specifications

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The 1939 Doubled Monticello Jefferson Nickel is a remarkable coin that offers both historical significance and potential financial reward for collectors.

By carefully examining the coin’s features and consulting with professional grading services, collectors can accurately identify and assess the value of this rare variety.

FAQs

What causes the doubling on the 1939 Doubled Monticello Nickel?

The doubling is a result of a doubled die error during the minting process, where the die used to strike the coin was misaligned, causing the inscriptions to appear doubled.

How can I determine if my 1939 Jefferson Nickel is a Doubled Monticello variety?

Carefully inspect the reverse side for doubled inscriptions on “MONTICELLO” and “FIVE CENTS.” Using a magnifying glass or jeweler’s loupe can aid in this examination.

Does the presence of a mint mark affect the coin’s value?

While the mint mark can influence a coin’s rarity and value, the doubled die error is the primary factor in determining the coin’s desirability among collectors.