1959-P (Philadelphia) Jefferson Nickels

Coin / United States of America / 1959 / Philadelphia / Jefferson Nickels / 5¢ (Five Cents, Nickel, Half Dime)

The coin in question is a 1959 Jefferson Nickel minted in Philadelphia, which bears the 'P' mint mark. This nickel is notable for its proof production type, an indication that it was specially made for collectors and features a higher quality finish compared to regular circulation coins. With a diameter of 21.2 mm and a weight of 5 grams, it is composed of a copper-nickel alloy. The depiction on the obverse showcases the iconic profile of Thomas Jefferson, while the reverse displays Monticello, Jefferson's Virginia estate, which is a hallmark of this series. The coin was issued at a denomination of five cents (5¢), also known colloquially as a nickel. In terms of mintage, only 1,149,291 pieces were produced, making it a relatively limited issue that can appeal to collectors. This particular coin is part of the Jefferson Nickels series, which has been in circulation since 1938. As a collectible piece reflecting American history and numismatic tradition, the 1959 Jefferson Nickel serves not just as currency but as a fascinating representation of mid-20th century American coinage. Given its proof status and the relatively low mintage, this coin may hold significant value in the collector's market, especially in well-preserved condition. The combination of its age, historical relevance, and specific production attributes contributes to its desirability among numismatists.