1938-S Jefferson Nickel
Sep 17, 2021
2 minutes
(Images courtesy Professional Coin Grading Service.)
There is simply no doubt that the 1938-S Jefferson nickel should be a much better coin than its current $12 price in MS-65 suggests. Even if you jump up to MS-65 with Full Steps where the 1938-S is $165, one gets the feeling that this coin is still inexpensive.
To understand the situation, we need to go back to the period just
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