A Lucky Buyer at a Small-Town Yard Sale in 2018 Snagged a Jefferson Nickel for Just 3 Cents, Only to Discover It Was Worth a Staggering $40,000
In 2018, someone attending a small-town yard sale got extremely lucky by purchasing a Jefferson Nickel for only 3 cents—unaware that this coin was worth an astonishing $40,000. Jefferson Nickels have been in circulation since 1938 as a tribute to President Thomas Jefferson.
Although they’re commonly found in everyday change, certain rare editions are prized possessions among collectors. This amazing discovery proves how an ordinary-looking coin can hold incredible value. Let’s explore what makes specific Jefferson Nickels from past decades so valuable and how you can identify one in your own collection.
The Yard Sale Miracle
In a peaceful neighborhood in Ohio, a man purchased several old coins at a yard sale, paying just 3 cents for each. Among them was a 1969-S Jefferson Nickel. After examining it with a magnifying glass, he noticed how sharply detailed the coin was. He later found out it was a rare “Full Steps” variety in near-mint condition (graded MS-66 FS), which ultimately sold for $40,000 at auction in 2019.
The “Full Steps” feature refers to the clear visibility of the steps on Monticello on the coin’s reverse side—a detail that makes certain nickels highly collectible. This extraordinary find shows how hidden treasures can be discovered in everyday places.
Why Jefferson Nickels Are Special
Jefferson Nickels were designed by artist Felix Schlag and replaced the Buffalo Nickel starting in 1938. These coins are usually made from a copper-nickel mix, although some wartime versions contain silver. While most Jefferson Nickels are only worth their face value of 5 cents, certain mint years, errors, or special strike qualities make some of them worth far more.
In particular, coins from the 1980s and 1990s sometimes feature rare minting errors or outstanding detail, boosting their value significantly. The “Full Steps” label is especially important because it indicates a coin was exceptionally well-struck, which is quite rare.
Top Jefferson Nickels to Look For
Most Jefferson Nickels are common, but there are a few key dates and conditions that could make yours worth hundreds—or even thousands—of dollars. The 1982-P and 1995-D nickels with “Full Steps” can be worth between $100 and $300 when graded MS-65 or higher. An error coin like the 1989-P with a doubled die (where the image appears doubled) can be valued between $50 and $200.
The standout remains the 1969-S Full Steps nickel, similar to the yard sale discovery. One example graded MS-66 FS sold for a massive $61,000 in 2007. These examples highlight the potential for valuable finds among what appear to be regular coins.
Values of Key Jefferson Nickels
Here is a handy reference list of valuable Jefferson Nickels from the 1980s and 1990s, showing their top auction values at MS-65 grade or above:
| Year | Mint Mark | Max Value (MS-65 or Higher) |
|---|---|---|
| 1982 | P | $125 |
| 1989 | P | $200 (Doubled Die) |
| 1995 | D | $250 (Full Steps) |
| 1969 | S | $40,000 (Full Steps, MS-66) |
| 1997 | P | $150 (Full Steps) |
Proof coins (those with an “S” mint mark) are typically less valuable unless they contain rare errors—like a missing mint mark—which can raise their value to $20–$50.
How to Find Your Own Treasure
To check whether you have a valuable Jefferson Nickel, start by examining the date and mint mark near the coin’s edge. A magnifying glass can help you spot important details like the “Full Steps” on Monticello—if you see five or six clear steps, the coin may be valuable. Watch for mistakes like doubled designs or coins struck off-center, as these can also increase value.
If you believe you’ve found a special coin, consider getting it professionally graded by services such as PCGS or NGC. Selling options include eBay, local dealers, or even coin auctions—especially if the coin is rare or in excellent condition. The next time you go through loose change or visit a yard sale, keep your eyes open. A valuable nickel could be hiding in plain sight.
FAQs
Q1: What are “Full Steps” on a Jefferson Nickel?
A: “Full Steps” refers to the sharp, complete lines on Monticello’s steps on the reverse side. Coins with this feature are more valuable.
Q2: How can I tell if my nickel is rare?
A: Check the date, mint mark, and look for signs of doubling or sharp detail. A magnifying glass and coin guide can help.
Q3: Are all old nickels worth money?
A: Not all, but specific years, errors, or conditions—like “Full Steps”—can make them valuable to collectors.
Q4: Where can I sell a valuable Jefferson Nickel?
A: You can sell through online platforms like eBay, local coin dealers, or reputable auction houses for the highest value.
Janice R. Phillips is a seasoned finance writer with a keen eye for simplifying complex financial concepts. With over a decade of experience covering personal finance, investing, and economic trends, she empowers readers to make informed money decisions. Janice specializes in creating content that bridges the gap between financial theory and real-world application, making her a trusted voice for both novice and experienced investors.