Ned Ludd Coins » 1958 Nickel Value: are “D”, “P”, No mint mark worth money?

1958 Nickel Value: are “D”, “P”, No mint mark worth money?

Although there are several series of the Nickel coin, the 1958 Jefferson Nickel is one that stands out. Being one of the series’ popular varieties, many people and collectors still have this coin.

But, one question you need to answer is whether this coin is still valuable. Let’s find out as we explore the 1958 nickel’s history, value, and design. We’ll also discuss some of the error coins out there.

Ready to find out more about this coin? Then keep up with this piece.

1958 Nickel Details

  • Category: Jefferson Nickel
  • Mint: Philadelphia, Denmark
  • Total Mintage: 168,284,000
  • Face Value: Five cents ($0.05)
  • Observe Designer: Felix Schlag
  • Reverse Designer: Felix Schlag
  • Edge: Plain
  • Shape: Round
  • Diameter: 21.2 millimeters
  • Thickness:1.95 millimeters
  • Composition: 75% Copper, 25% Nickel
  • Weight: 5 grams

Also Read: 15 Most Valuable Nickels Worth Money

1958 Nickel Value Chart

Mint Mark Good Fine Extra Fine Uncirculated
1958 (P) No Mint Mark Nickel Value $0.05 $0.05 $0.05 $0.43
1958 D Nickel Value $0.05 $0.05 $0.05 $0.43
1958 (P) Proof Nickel Value $0.05 $0.05 $0.05 $0.43

1958 Nickel Value and Varieties Guides

1958 (P) No Mint Mark Nickel Value

1958 (P) No Mint Mark Nickel Value
Image Credit: usacoinbook
  • Category: Jefferson Nickel
  • Place of Mintage: Philadelphia
  • Total Mintage:17,088,000
  • Year of Mintage:1958
  • Mint Mark: No mint mark
  • Face Value: $0.05 (fifty cents)
  • Price: $0.05 to $13 0r more
  • Designer: Felix Schlag
  • Edge: Smooth
  • Shape: Round
  • Diameter: 21.2 mm
  • Thickness: 1.95 mm
  • Composition: 75% copper and 25% nickel
  • Weight: 5 grams

This particular coin, known as the 1958-P nickel, was produced at the Philadelphia Mint and does not feature a mint mark on the reverse side. With over 120 million pieces minted, the 1958-P nickel is the most commonly found among the three variants. However, it’s important to note that the coin is composed of 75% copper and 25% nickel, and its value is determined by both its condition and rarity. According to the PCGS, a 1958-P nickel without a mint mark in MS-63 condition has a value of approximately $2.50, while an MS-65 coin is valued at around $12. If the coin is of a higher grade, such as MS-68, its value can increase to several hundred dollars or even more. Due to its rarity, as the “P” mint mark was only added after a short time of production, the 1958-P nickel without a mint mark can be worth a significant amount more. For instance, a 1958-P nickel without a mint mark in MS-68 condition could be valued at several thousand dollars or higher. Therefore, the absence of the mint mark can be a key factor in determining the coin’s worth.

1958 D Nickel Value

1958 D Nickel Value

  • Category: Jefferson Nickel
  • Place of Mintage: Denver
  • Total Mintage: 168,249,120
  • Year of Mintage: 1958
  • Mint mark: D
  • Face Value: $0.05 (fifty cents)
  • Price: $8 to $52.00 (or more)
  • Designer: Felix Schlag
  • Edge: Smooth
  • Shape: Round
  • Diameter: 21.2 mm
  • Thickness: 1.95 mm
  • Composition: 75% copper and 25% nickel
  • Weight: 5 grams

The 1958-D nickel was produced at the Denver Mint in 1958, and it is a regularly issued coin with a small “D” mint mark on the reverse side, located to the right of the Monticello image. With just over 57 million pieces minted, the 1958-D nickel has a lower mintage than the Philadelphia issue, which makes it a more sought-after item among collectors. The coin is also composed of 75% copper and 25% nickel, similar to other nickels of the era. According to the PCGS, a 1958-D nickel in MS-63 condition is valued at around $2.50, while an MS-65 coin is worth approximately $12. However, if the coin is in a higher grade, such as MS-68, its value could increase to several hundred dollars or more. So, the condition of the coin is crucial in determining its worth.

1958 (P) Proof Nickel Value

1958 (P) Proof Nickel
Image Credit: pcgs

 

  • Category: Jefferson Nickel
  • Place of Mintage: Philadelphia
  • Total Mintage: 875,652
  • Year of Mintage: 1958
  • Mint Mark: No mint mark
  • Face Value: $0.05 (fifty cents)
  • Price: $0.05 to $30.00 (or more)
  • Designer: Felix Schlag
  • Edge: Smooth
  • Shape: Round
  • Diameter: 21.2 mm
  • Thickness: 1.95 mm
  • Composition: 75% copper and 25% nickel
  • Weight: 5 grams

The 1958-proof nickel is a unique type of coin that was produced using special dies and techniques for collectors. Unlike regular circulation coins, the 1958-proof nickel features a mirror-like finish that is highly polished. The value of these proof Jefferson nickels varies depending on various factors such as condition, scarcity, and other factors. According to the Professional Coin Grading Service (PCGS), a 1958-proof nickel in proof-63 condition has a value of approximately $10, while a proof-65 coin is valued at around $20. However, if the coin is in a higher grade, such as proof-68, its value could potentially increase to several hundred dollars or more. The 1958-proof nickel was not intended for circulation and has a composition of 75% copper and 25% nickel. The current market value of these coins ranges from $5 to $50, depending on their condition and other factors.

Also Read: Top 110 Most Valuable Nickels Worth Money

History of the 1958 Nickel

The 1958 nickel is part of the Jefferson nickel series, which has been in circulation since 1938 and was produced by the United States Mint in 1958. The coin was designed by Felix Schlag, who also created the original Jefferson nickel. The obverse side of the coin features a portrait of Thomas Jefferson, the third President of the United States, while the reverse side displays a depiction of Monticello, Jefferson’s Virginia estate. The coins were struck in a copper-nickel alloy, the same composition used to produce nickels today. In 1958, the United States Mint produced a total of 102,246,000 nickels at the Philadelphia Mint and 168,604,000 nickels at the Denver Mint, resulting in a total mintage of over 270 million coins.

The 1958 nickel was not a particularly significant coin in terms of its design or historical context. However, it was one of the last Jefferson nickels to be produced without any major design changes. In 1966, the United States Mint added the words “In God We Trust” to the reverse side of the nickel, which had previously been left off due to concerns about the separation of church and state.

Since the 1958 nickel was produced in relatively large numbers, it is not considered to be a rare coin. However, there are some variations of the 1958 nickel that are more valuable to collectors. For example, some 1958 nickels have errors or variations in the mint mark, which can make them more valuable.

In addition to the standard 1958 Jefferson nickel that was produced in large numbers, there were also some special varieties of coins that were created. One of the most notable of these is the 1958 Proof Jefferson nickel, which was produced at the Philadelphia Mint for collectors.

Proof coins are struck using a special process that creates a mirror-like surface and sharp, detailed features. The 1958 Proof Jefferson nickel is particularly popular among collectors because it has a relatively low mintage of only 875,652 coins.

It is worth noting that the 1958 nickel was produced during a time when the United States was experiencing a post-World War II economic boom. As a result, many people were collecting coins as a hobby, and the United States Mint was producing large quantities of coins to keep up with demand.

The 1958 nickel is an interesting part of American numismatic history, even if it is not considered to be one of the most significant coins in the Jefferson nickel series. Collectors and enthusiasts continue to appreciate the coin for its design and historical context, as well as its various unique variations and errors. Top of Form

Also Read: Top 19 Most Valuable Jefferson Nickels Worth Money

1958 Nickel Grading

It is important to know the value of your coin before collecting more or selling off the ones you have. The perfect way to know the value of your 1958 Nickel is to employ the service of a professional.

In addition, you can inspect your coin manually so as to have a rough estimate. Your coin has to be in an excellent mint state for it to be priced for its value or even more.

Want to know the real value of your coin? Then watch this video.

1958 Nickel Errors

Although the 1958 Nickel error was carefully produced, it still has some errors that cannot be overlooked. However, errors in a mint coin don’t make it less valuable rather, it makes it unique.

Hence, collectors always find it amusing to collect them. Errors on a mint coin differ due for many reasons.

Here are some of the errors that occurred during the 1958 Nickel minting.

1. Double Strike Error

This kind of error occurs when a coin isn’t removed once it has already been struck. This can cause the coin to be struck multiple times. When this happens, there’s usually a contorted image on different parts of the disc, and it’ll be quite noticeable to the plain eyes.

The 1958 Nickel coin produced in Denver has a double strike error.  The coin was struck two times, with the second strike being very far away from the center. The NGC graded the coin at MS63, and it was sold for $180 at a function.

2. Strike-off Center Error

Strike-off Center Error
Image Credit: ebay

The strike-off center error occurs when coins are not positioned properly before being struck. This leaves a blank area of the planchet. An example of this error can be found in the 1958 Denver Nickel gradedMS65 by the NGC. The error in his coin is a strike which resulted in 75 percent off-center. It later sold at an auction for $370.

3. Double Die Reverse (DDR) Error

The Double Die Reverse (DDR) error was found in a number of the proof nickels produced in Philadelphia. The DDR error occurred during the production of the die used in striking the coins.

A coin has to be struck more than once to get all the fine details and information of the design, or else it’ll have an irregular finish. If the coin shifts position while in formation, it’ll not have the intended design. Errors like these rarely happen, and their worth will be tied to the quality of the coin. The ANACS graded PF65 and it was sold at an auction for $20.

4. Wrong Planchet Error

Wrong Planchet Error

Some of the nickels produced in Philadelphia had the wrong planchet error. An example of such is a nickel that was minted on a 1-cent planchet that’s MS63 graded and was later sold for $515.

Another example is a nickel that was minted on a 10-cent planchet graded AU58, and it was bought for $660. A nickel minted on a Cuban 1-cent planchet graded MS63 was sold at an auction for more than $1000. Lastly, another nickel struck on a 10-cent silver planchet-graded MS62 was sold at an auction for close to $1000.

Watch this video to know more about the 1958 error nickel.

FAQs

1. Are all 1958 coins silver?

No. The 1958 nickel has a copper core that is coated in nickel, and this makes them appear in silver. The actual composition of this coin is 25% silver and 75% copper.

2. What’s the value of the 1958 nickel today?

As shown on its face value, the 1958 nickel is worth $0.05. The melt value is a bit higher at $0.0668.

3. Where is the mint mark on the 1958 nickel?

The mint mark of the 1958 nickel is on the reverse side of the coin. The mint mark ‘D’ is located between the coin’s edge and Monticello’s right side. This indicates that the coin was struck in the Denver mint.

4. Is a 1958 nickel rare?

In circulated conditions, the 1958 nickels are not rare because over 186 million of them were produced by the US Mint. But, those graded as PR67 and MS67 are rare because they are limited editions.

Conclusion

The 1958 nickel will make a good purchase and there’s definitely no doubt about that! However, to make good on purchases on your collection, you must be conversant with what its grades and errors are worth.

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