1938-P (Philadelphia) Jefferson Nickels

Coin / United States of America / 1938 / Philadelphia / Jefferson Nickels / 5¢ (Five Cents, Nickel, Half Dime)

This coin is a 1938 Jefferson Nickel, produced by the Philadelphia Mint and marked with the letter "P". It is part of the USD currency, specifically classified as a nickel, which has a denomination of 5 cents, or half a dime. The Jefferson Nickel is composed of a copper-nickel alloy, and it has a diameter of 21.2 mm and a weight of 5 grams. The coin's design features a portrait of Thomas Jefferson on the obverse, while the reverse showcases Monticello, Jefferson's famous estate. With a production mintage of 19,496,000 pieces, this coin represents the first year of issue for the Jefferson Nickel series, which has since become a staple of American coinage. Despite being a common coin, its historical context and unique design give it a special place in numismatic collections. Although it may not carry a high premium in lower grades, a well-preserved example can fetch a more significant value among collectors, particularly if it is in uncirculated or higher-grade conditions. Overall, the 1938 Jefferson Nickel is an essential part of American currency history, representing the transition of coin designs in the early 20th century.