The 1971-S Jefferson Nickel is a fascinating piece for collectors and numismatists alike. While it may seem like a typical nickel, its history and variations make it stand out. This coin, struck only in proof finish at the San Francisco Mint, is part of the series designed by Felix Schlag, showcasing the iconic portrait of Thomas Jefferson and the Monticello building on the reverse. The year 1971 brought notable changes to the coin’s design, resulting in a variety of mint errors and interesting versions. Let’s dive into what makes the 1971-S Jefferson Nickel special and how collectors value it today.
A Brief History of the 1971-S Jefferson Nickel
In late 1970, the United States Mint realized that the master dies used for the Jefferson Nickel had become worn out. To fix this issue, they decided to create new dies to restore the details of Felix Schlag’s design. The result was a refreshed look for both Jefferson’s portrait on the obverse and the Monticello building on the reverse. One of the notable changes was the slight widening of the rim, which helped strengthen the design.
This redesign led to several variations of the 1971-S nickel. For example, the obverse variety, known as ODV-021, features thinner letters in the word “TRUST.” On the reverse, there are two main varieties, RDV-005 and RDV-006, which differ in the relief of Monticello’s rooftop railings. These variations make the 1971-S nickel an intriguing piece for collectors seeking something unique.
The “No S” Error and Its Significance
One of the most significant features of the 1971-S Jefferson Nickel is the rare “No S” error. Although the coin was struck at the San Francisco Mint, which typically marks its coins with an “S,” some proof nickels were mistakenly released without this mintmark. This error occurred because the Philadelphia Mint, responsible for producing the dies, accidentally sent a die missing the “S” to the San Francisco Mint. The result was a small number of “No S” nickels, which are highly sought after by collectors.
While most 1971-S nickels hold modest value, the “No S” version is much more valuable, with even low-grade examples selling for hundreds of dollars. High-grade examples can fetch prices in the range of $1,000 to $1,500, making them a prized find for serious collectors.
What Is the 1971-S Jefferson Nickel Worth?
For most 1971-S nickels, their value is only slightly above face value. Coins in proof condition, typically graded between PR65 and PR67, usually sell for 50 cents to a dollar. However, higher-grade proofs can command a bit more. Certified proof coins in PR69, for example, often sell for around $5, though these prices can vary depending on market demand.
The real standout is the “No S” variety, where even low-grade coins are valued at $700 to $800. Higher-grade examples, like those graded PR69, have sold for as much as $2,070 in auctions, making this error coin a valuable addition to any collection.
Design Details of the 1971-S Jefferson Nickel
- Obverse: The obverse of the 1971-S Jefferson Nickel features a left-facing bust of Thomas Jefferson. The design is inspired by Jean-Antoine Houdon’s 1789 bust of Jefferson, with fine details like Jefferson’s colonial-era pigtail. The inscriptions “IN GOD WE TRUST” and “LIBERTY 1971” are placed around the edges, with a small “S” mintmark at the lower right.
- Reverse: The reverse showcases Monticello, Jefferson’s famous mansion, which he designed himself. The building appears in a flattened, neoclassical style. Above Monticello is the motto “E PLURIBUS UNUM,” with the building’s name and the denomination “FIVE CENTS” below. The inscription “UNITED STATES OF AMERICA” arcs along the bottom edge of the coin.
- Edge: Like all Jefferson Nickels, the 1971-S has a plain, smooth edge.
Conclusion
The 1971-S Jefferson Nickel may appear to be just another coin, but its rich history, design variations, and rare errors make it a fascinating piece for collectors. Whether you’re interested in the common proof strikes or on the hunt for the elusive “No S” error, this coin offers plenty of excitement. With its intriguing backstory and unique varieties, the 1971-S nickel continues to captivate coin enthusiasts.
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FAQ’s
What makes the 1971-S Jefferson Nickel unique?
The 1971-S Jefferson Nickel is unique due to its Proof-only production and its multiple design varieties, including the rare “No S” error, where the mintmark is missing.
How much is a 1971-S Jefferson Nickel worth?
Most 1971-S nickels are worth a few cents over face value. However, rare error coins like the “No S” can be worth $700 to $1,500, depending on their condition.
