US Coins

Reverse varieties for 1972 Jefferson 5-cent coins

Jefferson 5-cent coins struck in 1972 exhibit either the Reverse of 1967, above left, or the Reverse of 1971, right, above right, although PCGS and NGC do not attribute by subtype.

Original images courtesy of Heritage Auctions.

Making Moderns column from March 14, 2016, Weekly issue of Coin World:

From 1938 to 2003, the U.S. Mint implemented a number of refinements, little tweaks and modifications to the Jefferson 5-cent coin. For example, on 1939 “nickels” we pay great heed to whether a coin has the reverse style of 1938 (wavy steps) or 1940 (straight steps). Oddly, a much more dramatic design change seemingly goes unnoticed. 

There had been a modest attempt to strengthen the central details of the Jefferson 5-cent coin in 1967. Seeing only minor improvement, in 1971 engravers at the Mint reworked the entire reverse design. All of the door and window outlines on Monticello were sharpened. Most visually significant, the roof balustrade was rendered in crisp detail for the first time ever on a Jefferson 5-cent coin. The accompanying images show the former design, called “Reverse of 1967” and this new version, “Reverse of 1971.”

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All known Jefferson 5-cent coins issued in 1971, as Proofs and for circulation, are the new reverse type. Walter Breen in his Complete Encyclopedia of U.S. and Colonial Coins, published in 1988, speculated that examples of 1971 5-cent coins with the earlier reverse type might possibly exist. When a coin can be found with both updated and older design version details, it is referred to as a transitional variety. To the author’s  knowledge, no 1971 Jefferson, Reverse of 1967 5-cent coins have ever been reported.

For coins from 1972, however, it gets much more interesting. Circulation-issue Jefferson 5-cent coins struck in 1972 at both the Philadelphia and Denver Mints can be found with both reverses, the new type being substantially more common than the former type. 

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At present, few collectors are interested in the 1972 transitional varieties of the Jefferson 5-cent  coins. In researching this article, I failed to find a single offering of a 1972 Jefferson 5-cent coin attributed by reverse subtype. Neither Numismatic Guaranty Corp. nor Professional Coin Grading Service currently attributes them.

I also examined 112 listings of 1972 and 1972-D 5-cent coins on eBay. Twenty-seven had no reverse image. Of the 43 and 42 auctions examined for the 1972 and 1972-D coins, respectively, I found only one 1972 Jefferson 5-cent coin with the Reverse of 1967. All other 84 coins were Reverse of 1971.

The 1972 and 1972-D coins with Reverse of 1967 will likely trade for a premium over the more common Reverse of 1971.

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