Imagine discovering that a seemingly ordinary nickel in your pocket change is worth thousands of dollars. This isn’t just a fantasy; it’s a real possibility with the 1964 Jefferson Nickel, particularly those featuring the rare repunched mint mark (RPM) error. Some of these coins have fetched prices as high as $19,800 at auctions.
Understanding the 1964 Jefferson Nickel
The Jefferson Nickel, introduced in 1938, features President Thomas Jefferson on the obverse and his Monticello estate on the reverse. In 1964, the U.S. Mint produced over 2.8 billion nickels to address a coin shortage, with the Philadelphia Mint producing approximately 1,024,672,000 coins and the Denver Mint producing about 1,787,297,160 coins.
What Is a Repunched Mint Mark (RPM)?
A repunched mint mark occurs when the mint mark is stamped more than once in slightly different positions during the die creation process. This results in a coin displaying multiple impressions of the same mint mark, creating a distinctive and collectible error.
The 1964-D/D RPM Jefferson Nickel
The 1964-D Jefferson Nickel is particularly notable for the D over D (D/D) repunched mint mark error. This error is characterized by a secondary “D” mint mark impression, slightly offset from the primary one, visible to the naked eye or under magnification.
Value of the 1964-D/D RPM Jefferson Nickel
The value of a 1964-D/D RPM Jefferson Nickel varies based on its condition and the prominence of the error. Coins in mint state (MS) condition with clear RPM can command significant premiums. For instance, a 1964-D/D Jefferson Nickel graded MS-65 by the Professional Coin Grading Service (PCGS) has an estimated value of $4,500.
Factors Influencing Value
Several factors can influence the value of a 1964-D/D RPM Jefferson Nickel:
- Condition (Grade): Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation. Uncirculated coins with minimal wear are more valuable.
- Full Steps (FS) Designation: Coins with fully defined steps on Monticello are highly sought after. An FS designation can significantly increase a coin’s value.
- Error Prominence: The clarity and visibility of the repunched mint mark play a crucial role in determining value.
Identifying a 1964-D/D RPM Jefferson Nickel
To identify this rare coin, examine the mint mark located to the right of Monticello on the reverse side. Look for signs of doubling or overlapping impressions of the “D” mint mark. Using a magnifying glass can aid in detection.
Notable Auction Sales of 1964-D/D RPM Jefferson Nickels
| Grade | Full Steps (FS) | Auction Price | Date of Sale |
|---|---|---|---|
| MS-66 | Yes | $6,325 | Sep 2009 |
| MS-66 | Yes | $3,840 | Feb 2022 |
| MS-67+ | No | $1,750 | May 2022 |
How to Find a 1964-D/D RPM Jefferson Nickel
While the chances are slim, it’s possible to find a 1964-D/D RPM Jefferson Nickel in circulation. Here are some tips:
- Check Your Change: Regularly inspect nickels from your daily transactions.
- Use Magnification: A magnifying glass or jeweler’s loupe can help spot minute details like repunched mint marks.
- Visit Coin Shops: Local coin dealers may have unsearched rolls of nickels.
- Attend Coin Shows: These events offer opportunities to find and purchase rare coins.
Preserving and Grading Your Find
If you believe you’ve found a 1964-D/D RPM Jefferson Nickel, consider the following steps:
- Avoid Cleaning: Cleaning can reduce a coin’s value.
- Handle Carefully: Hold the coin by its edges to prevent oils from your skin from causing damage.
- Seek Professional Grading: Organizations like PCGS or NGC can authenticate and grade your coin, providing a clearer idea of its value.
The possibility of discovering a valuable 1964-D/D RPM Jefferson Nickel in your pocket change adds excitement to everyday transactions. By familiarizing yourself with the characteristics of this rare coin and diligently inspecting your nickels, you might just stumble upon a hidden treasure worth thousands.
FAQs
What is a repunched mint mark (RPM)?
An RPM occurs when the mint mark is stamped more than once in slightly different positions during the die creation process, resulting in overlapping impressions.
Where is the mint mark located on a 1964 Jefferson Nickel?
On 1964 nickels, the mint mark is located on the reverse side, to the right of Monticello.
How can I determine the grade of my 1964-D/D RPM Jefferson Nickel?
Professional grading services like PCGS or NGC can assess your coin’s condition and assign a grade based on established criteria.
