An unexpected discovery in a dusty army trunk has sparked excitement among coin collectors. A rare 1939-D Jefferson Nickel, hidden for decades, has been found in near-pristine condition—setting off a bidding frenzy that resulted in a final price of $38,600.
This incredible find reminds us that valuable treasures are sometimes tucked away in the most ordinary places.
The Story Behind the Discovery
While going through his grandfather’s belongings, a man came across an old, weathered army trunk filled with letters, medals, and keepsakes.
At the bottom of the trunk, inside a small box, was a set of coins carefully wrapped in paper. Among them was a 1939-D Jefferson Nickel, shining remarkably despite its age.
Curious about the coin’s potential value, the man had it evaluated. The results were astonishing—it was one of the highest-quality examples of the 1939-D nickel known to exist, featuring exceptional details and Full Steps on Monticello.
Why the 1939-D Jefferson Nickel Is So Rare
The 1939-D Jefferson Nickel is a key date in the Jefferson series. Minted in Denver, only 3,514,000 of these nickels were produced—significantly fewer than most years. Collectors highly value this coin, especially those with sharp details and little wear.
One of the most coveted features is the Full Steps designation. This means that the steps on Monticello (featured on the reverse of the coin) are fully struck and unbroken, a sign of a high-quality minting process and well-preserved coin.
Value Breakdown: What Makes It Worth So Much?
The coin’s value largely depends on its grade, rarity, and strike quality. Here’s a breakdown of the value range for the 1939-D Jefferson Nickel:
| Grade / Feature | Estimated Value (USD) |
|---|---|
| Circulated Condition | $5 – $15 |
| Uncirculated (MS60–MS63) | $20 – $50 |
| High Grade (MS64–MS66) | $75 – $200 |
| MS67+ with Full Steps | $1,000 – $5,000+ |
| Best-in-class / Auction Rarity | Up to $38,600 |
This particular coin was graded MS67 with Full Steps—among the highest possible for this year and mint mark.
The Auction Frenzy
After professional grading, the coin was listed at auction. The backstory, combined with its nearly flawless condition, sparked heavy interest from collectors.
Multiple bidders from around the country participated, and as the auction progressed, the price surged to $38,600—a remarkable result for a coin that was once pocket change.
What to Look for in a 1939-D Jefferson Nickel
If you’re curious whether you might have one of these gems in your collection, here’s what to look for:
- Date and Mint Mark: Look for the 1939 date and a “D” mint mark on the reverse (to the right of Monticello).
- Full Steps: Use a magnifying glass to check if all five or six steps on Monticello are clearly visible and unbroken.
- Luster and Strike: Coins with original shine and strong, sharp details are far more valuable.
Why This Coin Matters
Beyond its value, the 1939-D Jefferson Nickel is a piece of American history. Produced just before World War II, it represents an era of transition and growth in the United States.
Discovering such a coin in an army trunk adds even more meaning—connecting a rare numismatic artifact with a deeply personal story.
Tips for Coin Collectors
Interested in the world of rare coins? Here are some takeaways:
- Inspect old belongings: Jewelry boxes, trunks, and coin jars can hide high-value items.
- Learn basic grading: Understanding how condition affects value is key to identifying potential treasures.
- Preserve condition: Never clean old coins. Their value depends on originality and surface preservation.
- Check for mint marks: Some mint marks, like “D” for Denver, make all the difference in value.
The recent discovery of a 1939-D Jefferson Nickel tucked inside an old army trunk is proof that extraordinary finds can emerge from the most unexpected places.
With a final sale price of $38,600, this coin not only thrilled collectors—it also highlighted the importance of condition, rarity, and history in the world of numismatics.
Whether you’re an avid collector or just curious about coins, this story might inspire you to look a little closer at what’s hidden in your attic.
FAQs
What makes the 1939-D Jefferson Nickel so valuable?
Its low mintage, exceptional condition, and Full Steps designation significantly increase its collector value.
How do I know if my nickel has Full Steps?
Examine the steps on Monticello’s image. If all steps are complete and unbroken, your coin may qualify as Full Steps.
Can coins found in storage still be valuable?
Absolutely. Well-preserved coins found in drawers, boxes, or old trunks can be worth thousands if rare or high-grade.