Imagine reaching into an old piggy bank and pulling out a 1964 nickel—something you’d normally toss back into pocket change. But what if that tiny five-cent coin could sell for over $32,000 today? That’s exactly what’s happening in the rare coin world. A surge in collector demand and the discovery of hidden rarities have made the 1964 Jefferson Nickel one of the hottest coins of 2025.
What Exactly Is the 1964 Jefferson Nickel?
The Jefferson Nickel has been a staple of U.S. currency since 1938, featuring Thomas Jefferson on the obverse and his famous Monticello home on the reverse.
Key details
- Composition: 75% copper, 25% nickel (no silver)
- Mints: Philadelphia (no mint mark) and Denver (D)
- Nearly 3 billion produced due to a national coin shortage
The massive production makes most 1964 nickels very common—but a few rare varieties break the mold.
Why the 1964 Nickel Is Suddenly So Valuable
Not all 1964 nickels are millionaires, but certain rare versions are breaking auction records.
The Secretive 1964 SMS Nickel
The biggest reason for the surge is the mysterious 1964 Special Mint Set (SMS) nickel.
These coins were unknown to collectors until the 1990s and are believed to be experimental test strikes.
What makes SMS nickels special:
- Satin-like finish
- Extremely sharp details
- Square, crisp rims
- Almost flawless surfaces
Fewer than 100 SMS nickels are confirmed today, and top-graded examples have sold for $32,000+.
Full Steps = Full Value
Even regular 1964 nickels can be valuable if they show Full Steps—perfectly detailed lines on Monticello’s steps. This level of detail is rare due to rushed minting.
Collectors pay high premiums for Full Steps coins because they represent:
- Strong strikes
- Minimal wear
- Superior quality
Prices can jump from a few dollars to hundreds.
History: Why So Many 1964 Nickels Were Made
In 1964, the U.S. faced a nationwide coin shortage due to booming vending machines, population growth, and rising silver prices. The Mint responded by producing nickels at record levels.
Interesting fact:
To reduce confusion during the shortage, the Mint kept stamping “1964” into 1965, increasing the total number even more.
1964 Jefferson Nickel Values (Updated 2025)
Here’s a simple value guide based on real collector market trends.
Value Table
| Variety | Condition | Estimated 2025 Value |
|---|---|---|
| Common 1964 | Circulated | $0.05–$0.20 |
| 1964 MS65 | Uncirculated | $5–$20 |
| 1964-D Full Steps MS65 | Gem Quality | $100–$500 |
| 1964 SMS MS67–MS68 | Ultra-Rare | $7,500–$32,900 |
Why These Coins Are Valuable
- SMS versions are extremely scarce
- Full Steps coins show elite strike quality
- Fresh estate collections bring rare finds into the market
- Collector demand is rising in 2025
How to Find a Valuable 1964 Nickel
You don’t need to be rich or experienced to start hunting.
Where to look
- Old coin jars
- Bank rolls
- Estate sales
- Flea markets
- Inherited collections
What to check
- Steps on Monticello
- Overall sharpness
- Mint luster and strike quality
- Unusual satin-like finish (possible SMS)
- Errors like doubling or off-center strikes
Top expert tips
- Use a loupe (10x magnification)
- Avoid cleaning coins (kills value)
- Grade promising finds with PCGS or NGC
- Store coins in protective holders
- Compare with professional images online
FAQs About the 1964 Jefferson Nickel
1. Is every 1964 nickel valuable?
No. Only rare SMS versions, Full Steps examples, or error coins hold significant value.
2. How do I tell if I found an SMS nickel?
Look for satin finishes, sharp rims, and nearly flawless surfaces. Professional grading is recommended.
3. What makes Full Steps so special?
They show complete detail on Monticello’s stairs, proving the coin was struck with exceptional precision.
4. Where should I sell rare 1964 nickels?
Heritage Auctions, GreatCollections, and PCGS auctions offer the highest payouts.
5. Are 1964 nickel errors valuable?
Yes, certain errors can sell for $50 to $1,000+ depending on rarity.
Conclusion
The 1964 Jefferson Nickel is proof that hidden treasures can still be found in everyday places. Whether it’s an ultra-rare SMS strike or a sharp Full Steps gem, this once-ordinary nickel has become a standout star in the coin world. Check your spare change, explore old jars, or sort through inherited collections—you might uncover a coin worth hundreds or even tens of thousands. The next big discovery could be in your hands.