Pennies, nickels, dimes,. . .Does anybody really pay attention to them anymore? When you think about it, most would say, "Who cares? They don't buy anything!" In this hustle-bustle, wait in line, sit stopped in traffic, world that we live in, it is almost easy to agree with that attitude! But, I came from a different time. A time when "penny" candy still existed. A time when a Coke cost a nickel, and the change from your silver quarter probably contained a Buffalo or wartime nickel! My generation knew that all nickels weren't just Jefferson Nickels. We collected them like crazy! In theearly 1960's it seemed as though the whole world went insane with everybody looking for 1939-D and 1950-D nickels! At one timein themid 1960's, adealer in Milwaukeeowned almost 10,000 rolls of BU 1950-D coins, and another dealer in Houston, between 1951 and 1964, reportedly had emased a hoard of at least1-million pieces! Between them, they controlled about 60% of the entire mintage and by 1964 had driven prices to $600.00 a roll for circulated coins! This single eventprompted the U.S. Congress to enact legislation to remove mintmarks from all coins in an effort to "PUTAN END" to coin hoarding and collecting. After that, it just seemslike everybody lost interest in collecting Jeffersons.
To young coin collectors whohave just started collecting in the last ten years or so, Jefferson nickels are the only kind of nickels that they know. Sure, they know about Buffalos and Liberty Heads, but only in passing. Odds are, they'll never find one in their change, or for that matter, ever even own one unless they buy it. And, unlessthey have a lot of money to invest, they probably won't begee "serious" collectors of any other nickels. But that's OK! Jeffersons are very collectible. Sure,you've seen them all of your life, but don't kid yourself . . .a nice set of Jefferson Nickels is no pushover! Just like a good book, loaded with discoveryand intrigue,the Jefferson Nickel seriesis loaded withdiscovery, variety and intrigue. First of all, lets not forget, Jeffersons have been produced formore thanseventy years. In that time there have beenmany scarce dates, and many rare errors have also been identified. Now days, with coin production levels as high as they are, the"KEY COINS" of any particularseriesare going to be varietiesor errors!
Throughout the Jefferson Nickel series, there are several "KEY" coins. The 1950-D is the lowest mintage with only 2.6 million. Next is the 1939-D with 3.5 million, and then the 1938 D
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