The first Jefferson nickels were coined in 1938 and remain in production to the present. The nickel was designed by Felix Schlag, whose artwork for the coin was selected in a competition in which 390 artists submitted designs; Schlag's entry won him an award of $1,000.
While the Jefferson nickel is among the nation's longest-running coin series, it offers very few major regular-issue rarities. The 1939-D and 1950-D issues are the scarcest coins in terms of overall mintage, though these are relatively affordable in all circulated grades and even in most uncirculated grades. Among the significant business-strike varieties are the 1939 Doubled Monticello, 1942-D Over Horizontal D, 1943-P 3/2, 1943-P Doubled Eye, 1945-P doubled reverse, 1954-S S Over D, and 1955-D D Over S.
The 1971 No-S proof Jefferson nickel is a rare variety that crosses into four-figure territory on the higher end of the grading spectrum, while the 1994-P and 1997-P special strikes are among the most valuable issues from recent years. From 2004 through 2005, the series was used as a canvas for special bicentennial issues honoring the 200th anniversary of the Lewis and Clark Expedition. When the regular design was resumed in 2006, a new three-quarters profile of Jefferson by Jamie Franki and sculpted by Donna Weaver debuted on the obverse.
Regular-strike Jefferson nickels featuring five or six full steps across the bottom of Monticello are significantly scarcer than examples showing softness in the strike across this area of the reverse.
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