Jefferson nickels have been minted since 1938. Although most people use them as pocket change, numismatists collect Jefferson nickels, typically with the aim of building a complete set. The basic design of the Jefferson nickel remained unchanged from its introduction until 2004, when two new designs on the reverse of the coin marked the end of a remarkable 66 years of continuity. The new designs are meant to celebrate the Louisiana Purchase and the expeditions of Lewis and Clark, both notable elements of Jefferson's presidency. In 2005, a new image of Jefferson on the front of the coin was introduced as well. In a striking departure from the traditional left-facing bust, the new, bolder image of Jefferson faces toward the right, next to the word "Liberty." The Jefferson nickel was originally introduced as a replacement to the Indian Head/Buffalo nickel, and the design rules specified that the coin's reverse include a representation of Jefferson's historic home, Monticello. Felix Schlag was selected as the designer; his initials appear below Jefferson's bust from 1966 on. One of the most notable events in the history of the Jefferson nickel was a change in composition during World War II. Since nickel was needed for the war, Jefferson nickels minted between October 8, 1942 and the end of 1945 did not contain this metal, and were made of an alloy of copper, silver, and manganese instead. As a collectible coin, the Jefferson nickel is not particularly rare. Quality plays a more important role in valuation, with coins of truly superb quality garnering intense interest from avid collectors. |
