1974-P (Philadelphia) Jefferson Nickels

Coin / United States of America / 1974 / Philadelphia / Jefferson Nickels / 5¢ (Five Cents, Nickel, Half Dime)

The coin in question is a 1974 Jefferson Nickel, minted at the Philadelphia Mint, distinguished by its 'P' mint mark. It is part of the United States' Jefferson Nickel series, which has been in circulation since its introduction in 1938. This nickel features a denomination of 5 cents and is crafted from a Copper-Nickel alloy. With a diameter of 21.2 millimeters and a standard weight of 5 grams, the coin maintains the typical dimensions and weight characteristic of modern nickels. In terms of mintage, an impressive total of 601,752,000 coins were produced in this year, ensuring its availability in the marketplace. The 1974 Jefferson Nickel is commonly found in circulation and is easily recognizable due to its iconic obverse design portraying a profile of Thomas Jefferson, the third President of the United States. The reverse features an image of Monticello, Jefferson's Virginia estate. Despite its large production, collectors may still seek out specific grades, and the coin's condition can greatly affect its value. However, as a widely circulated coin, it typically holds a nominal value, often just its face value of five cents unless found in exceptional condition or as part of a collectible set.