Price Guide for 1934 Nickel Variants
This guide presents price ranges for variants from three sources: eBay sales, third-party auctions, and PCGS guides. Values are shown for various conditions, allowing collectors to compare across different market segments. Price estimates may vary between sources, especially for rarer variants.
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3rd Party PriceCirculated: $7.00 – $89.00Uncirculated: $0.50 – $12,000.00
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eBayCirculated: $4.99 – $412.57Uncirculated: $23.61 – $3,225.86
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PCGS Price GuideCirculated: $2.00 – $60.00Uncirculated: $65.00 – $11,250.00
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3rd Party PriceCirculated: $8.00 – $90.00Uncirculated: $0.40 – $23,500.00
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eBayCirculated: $4.25 – $135.00Uncirculated: $44.00 – $19,250.00
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PCGS Price GuideCirculated: $2.00 – $90.00Uncirculated: $100.00 – $18,500.00
Design and Specifications of the 1934 Nickel
The 1934 Jefferson Nickel represents the first year of issue for this iconic design. It marked a significant change from the previous Buffalo Nickel, which had been in circulation since 1913. The new design was chosen through a public competition, with sculptor Felix Schlag’s work being selected. This coin holds historical importance as it coincided with the nation’s recovery from the Great Depression.
| Weight | 5.0 grams |
|---|---|
| Diameter | 21.2 mm |
| Mint Marks | P (Philadelphia, no mint mark), D (Denver) |
| Composition | 75% copper, 25% nickel |
| Obverse Design | Profile of Thomas Jefferson facing left, designed by Felix Schlag |
| Reverse Design | Monticello, Jefferson's home, designed by Felix Schlag |
Rarity Factors and Value Drivers
The condition of a 1934 Jefferson Nickel significantly impacts its value. As a first-year issue, many were saved, but high-grade examples are still scarce. Coins in Mint State (MS) condition, particularly MS65 and above, command substantial premiums.
Full Steps examples, where the steps of Monticello are fully visible, are highly prized. The strike quality can vary, affecting the overall appearance and value. Luster is crucial for uncirculated coins, with original, frosty luster being most desirable.
Mintage: 29,435,000
Rarity Scale: Common
Circulation Status: Widely Circulated
Preservation Rarity: Scarce in grades MS65 and above
Varieties Errors: None significant
Market Demand: Moderate, as first year of issue
Mintage: 7,480,000
Rarity Scale: Uncommon
Circulation Status: Widely Circulated
Preservation Rarity: Rare in grades MS65 and above
Varieties Errors: None significant
Market Demand: High, due to lower mintage and first year of issue
First-year status adds collector interest and value to the 1934 Jefferson Nickel. The Denver mint coins, with their lower mintage, are generally more valuable than Philadelphia issues in comparable grades.
Toning can significantly impact value, with attractive, natural toning often commanding premiums. However, environmental damage, such as spotting or discoloration, can severely decrease value.
While not particularly rare overall, high-grade examples with strong strikes and excellent eye appeal are scarce and highly sought after by collectors and investors focusing on quality.
