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Have a 1947 nickel and want to know how much it’s worth?
First of all, you should definitely hold onto any 1947 nickels you find — because they’re worth more than face value.
That’s right… These old nickels are valuable!
But not all 1947 Jefferson nickels have the same value.
While a regular 1947 nickel that you find in loose change is going to be worth a little bit over face value, there are quite a few rare and valuable 1947 nickels can also be found — and they’re worth many thousands of dollars.
In this article you’ll find out:
- How much your 1947 nickel is worth
- Which rare 1947 nickel errors are worth looking for (and how to spot them)
- 3 tips for finding valuable 1947 nickels in circulation
Current 1947 Nickel Values
If you’ve been looking for 1947 Jefferson nickel values on the Internet, chances are you’ve found a range of information that has left you feeling even more confused about what your nickel is really worth.
Some websites will tell you old Jefferson nickels are worth only face value. And others will claim that “perfect” ones are worth thousands of dollars.
Adding another wrinkle to the mix is the fact that you’ll find old nickels listed on some retail websites for $5,000 and other crazy high numbers like that.
And none of this helps you determine how much your 1947 nickel is worth! (Besides, is your 1947 nickel really “perfect” anyway?)
Unfortunately, if you found your 1947 nickel in pocket change, it will likely be quite worn. So, even if your coin looks like what some might think is “pretty good”… in numismatic reality it’s still worn, and it definitely won’t be in mint (“perfect”) condition.
So, is your 1947 nickel still worth saving?
Yes! Basically all pre-1960 Jefferson nickels are highly collectible and have at least a small amount of value over face.
How much over face value? Let’s dive deeper…
1947 No Mintmark Nickel Value
The most common of the three types of 1947 nickels are those from the Philadelphia Mint. These don’t have any mintmark at all — which would be found on the reverse (tails side) of the coin, just to the right of Monticello.
A total of 95,000,000 were struck. And even today, this coin remains common enough that it can be found in circulation from time to time.
In circulated condition, a 1947 nickel with no mint mark is generally worth 10 to 20 cents.
Values for most uncirculated 1947 no mintmark nickels range from about 70 cents to $1.50.
As is the case with most Jefferson nickels from other years, 1947 nickels with Full Steps details near the base of Monticello are worth far more than nickels without this detail.
NOTE: You will not find Full Steps details on worn Jefferson nickels that you pull from spare change. But on uncirculated 1947 nickels that do contain these important details, values can go sky high.
One 1947 no mintmark nickel graded MS67 Full Steps by Professional Coin Grading Service (PCGS) sold for $4,112.50 in a 2014 auction!
1947-D Nickel Value
Not nearly as common as the Philadelphia (no mintmark) 1947 nickel is the one from the Denver Mint that year.
The 1947-D nickel saw a mintage of 37,822,000 pieces — though this isn’t considered a rare coin by any stretch of the imagination.
Even today, there are enough survivors to satisfy coin collector demand, and with enough searching you could find a 1947-D nickel in circulation.
Most circulated examples of the 1947-D that you’ll find in pocket change are worth 25 to 40 cents.
Uncirculated specimens are worth about 80 cents to $2.
The most valuable 1947-D nickel was graded MS67+ Full Steps by PCGS and sold for $4,700 in 2019.
1947-S Nickel Value
The scarcest of the three 1947 nickel issues was struck at the San Francisco Mint.
The 1947-S nickel has a mintage of 24,720,000 and is one of the tougher Jefferson nickels to find — though it’s not impossible to spot one in circulation with enough searching.
A circulated 1947-S nickel is worth 35 to 90 cents.
Typical uncirculated specimens sell for $1 to $2.50 apiece.
The all-time record price for a 1947-S nickel is $14,950, which was paid in 2007 for a 1947-S graded by PCGS as MS67 Full Steps.
A List Of 1947 Nickel Errors To Look For
Some of the most valuable 1947 nickels are the ones that were never intended to be made!
There is a wide variety of 1947 nickel errors and varieties worth looking for, and we’re going to examine a few of them here…
1947 Doubled Die Nickels
There aren’t any major 1947 nickel doubled die errors worth thousands of dollars that are currently known to exist. But do keep your eyes peeled for minor doubled dies on 1947 nickels that involve:
- Jefferson’s eye on the obverse (heads side)
- The inscriptions “MONITCELLO” and/or “FIVE CENTS” on the reverse
- Hub doubling of other lettering on the coin
Those are the spots where doubling is most frequently encountered on the Jefferson nickel.
If you find any doubling on a nickel, be sure to hold onto it as these can be worth anywhere from $25 to $50 apiece… or more!
1947 Repunched Mintmark Nickels
There are countless varieties known that involve the mintmark on Jefferson nickels, and this is certainly the case with the 1947 nickel!
A repunched mintmark variety arises when the mintmark (which back in the 1940s was individually handpunched onto working dies) was incorrectly positioned and, thus, had to be repunched. This sometimes resulted in the doubling of a mintmark or the overlaying of one mintmark upon another at different angles.
Repunched mintmark varieties vary in value — depending on how drastic the error is or how many times the mintmark had been punched.
Most 1947 repunched mintmark nickels are worth $3 to $10.
1947 Off Center Nickels
One of the most popular types of strike errors occurs when a coin is struck off-center. This results in some portion of the coin design missing — usually in a crescent-shaped area on both the obverse and reverse sides of the coin.
Values for off-center 1947 nickels vary, depending on how much of the design is missing and whether or not the entire date and mintmark are visible.
The most valuable type of 1947 off-center nickel is about 50% off center yet still shows the complete date and mintmark (if applicable). Such a coin could trade for $100 or more.
Most 1947 off-center nickels are only 5% to 10% off-center and are worth close to $10 or so.
3 Tips For Collecting Valuable Jefferson Nickels From The 1940s
Did you know it’s still possible to build an entire collection of valuable Jefferson nickels straight from circulation?!
It’s hard, but it’s something you can still do. Many collectors do it.
Want to know how to increase your odds of finding old Jefferson nickels without paying more than face value for them?
Here are the 3 easiest ways:
- Look through bank rolls. This is one of the most successful ways to find old Jefferson nickels, including the silver war nickels!
- Root through vending machine change. You can insert a nickel into a vending machine and then immediately push the change return button. This will usually send a different nickel to the change slot, making for a tedious but productive way to look for old nickels.
- Ask friends and family. Tell the people you know and love that you’re looking for old coins. Chances are they’ll help you by giving you the old coins they find in circulation. You can offer to reimburse them by giving them face value for their coins.
I’m the Coin Editor here at TheFunTimesGuide. My love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the 20th century. I’m a member of the American Numismatic Association (ANA) and the Numismatic Literary Guild (NLG) and have won multiple awards from the NLG for my work as a coin journalist. I’m also the editor at CDN Publishing (a trusted source for the price of U.S. rare coins), editor at the Florida United Numismatists Club (FUN Topics magazine), and author of Images of America: The United States Mint in Philadelphia (a book that explores the colorful history of the Philadelphia Mint). I’ve contributed hundreds of articles for various coin publications including COINage, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I’ve also authored nearly 1,000 articles here at The Fun Times Guide to Coins (many of them with over 50K shares), and I welcome your coin questions in the comments below!