1945 P Nickel

The 1945 P Wartime Nickel is 35% silver and worth up to $35.00 USD MS-65. Full steps abbreviated as FS and toning greatly add to the value of this coin. The average selling price at auction for this coin is $6.50, and worst case scenario you can always sell this coin for its minimum value of $2.00 fairly easy regardless of condition. - Last updated: February, 04 2024


1945 P Nickel
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  • Year: 1945
  • Mint Mark: P
  • Coin: Jefferson Nickel
  • Type: Wartime Nickel
  • Price: $2.00-$35.00+
  • Face Value: 0.05 USD
  • Produced: 119,408,000
  • Edge: Smooth
  • Silver Content: 35%
  • Silver Weight: 0.0563 oz.
  • Melt Value: $1.58





Notes: There is a double die this year to look out for, it is worth nearly $225 in good condition. Wartime nickels were issued in 35% silver from 1942-1945 as Nickel was a resource needed for the World War II. These Nickels are usually ugly and grimy but a great way to stock up on silver at near spot or under. Toning due to this coins silver content is a major factor in the price set in the coin market, not as important as grade however.


Full Steps Monticello

Full steps on the reverse of the nickel leading up to Monticello the famous residence of Thomas Jefferson are one of the most coveted features for a graded specimen.

PCGS calls it FS (full steps), while NGC calls its 5FS (5 full steps), both are the same they have just been marked differently depending on who graded the coin. See examples below.

NGC 5FS

5 FS NickelNGC Using 5FS

PCGS FS

FS NickelPCGS Using FS

Does Your Nickel have Full Steps?

Well first make sure the coin is reverse side up and use a magnifying glass or something similar to magnify the coin. The reverse should have 5 steps clean and sharp. See image below.

FS NickelPCGS Using FS


1945 Nickel Errors and Values

Double Die Error 1945 5c $15-$225 USD

Double Die Error 1945 5c

Look closely at the letters and numbers on both the reverse and front of this coin for doubling of letters along the edges. These errors are fairly common and worth between $15-$225 USD This error coins value will be primarily set by the grade and presence of Full Steps more so than the presence of DDO or DDR.


1945 5c Lamination Error $5-$20 USD

1945 Lamination Error 5c

Lamination errors are common place for 1945 nickels, they are worth $5-$20 USD


Clipped Planchet 1945 5c $8-$70 USD

Clipped Planchet 1945 5c

When planchets are clipped either curved or straight they are usually worth around $8-$70 USD


D / D 1945 5c $8-$80 USD

D /D

D over D error is worth on average $8-$80 USD



Mintages

Production Chart


Price Chart

Rates listed here refer to professionally graded and slabbed coins. If new to collecting the prices below might not make sense.


Prices listed below are for the FS also detailed as FS5 (five full steps), this value can be increased ever so slightly by the presence of excellent toning.

FS NickelPCGS Using FS

  • Grade MS62 = $6-$10
  • Grade MS63 = $8-$13
  • Grade MS64 = $11-$19
  • Grade MS65 = $21-$35
  • Grade MS66 = $38-$63


Is the list above a little overwhelming? If so, take 5 minutes to learn all about Coin Grading.


It's also important to note...Prices are subject to the same supply and demand laws as everything else. Coins sold at the same auction house 10x, would fetch drastically different bids each session. To raise your chances of receiving top dollar read How to Get the Most for your Coins.


We've personally researched these values. If you enjoy our content please return the favor and share this page with your friends.




How much is a 1945 P Nickel worth?

In Average Circulated (AC) condition it's worth around $2.00, one in certified mint state (MS+) condition could bring as much as $35 at auction. This price does not reference any standard coin grading scale. So when we say Average Circulated, we mean in a similar condition to other coins circulated in 1945, and mint state meaning it is certified MS+ by one of the top coin grading companies. *** [?].


What are your coins really worth?

Use the handy-dandy calculator below to find the real value of any jefferson nickel in your collection.


whats your nickel worth


Specs & Design

This coin has a total mass of 5 g, a diameter of 21.21 mm, and a thickness of 1.95 mm. It's edge is smooth, and the coins are composed of 75% copper and 25% nickel.


Designer: Felix Schlag


Front (Obverse): The front of this coin has the bust of Thomas Jefferson featured front and center. The words IN GOD WE TRUST are on the left most portion, with the word LIBERTY on the right just above the date. If a mint mark is present it will be just below the date.


Back (Reverse): The reverse features the Monticello located in Albemarle County, VA. The Monticello was the long time home of Jefferson. The words E PLUIRIBUS UNUM, meaning out of many one are draped across the top, while the words FIVE CENTS, and UNITED STATES OF AMERICA are featured on the bottom.



Most Valuable

The most valuable Jefferson Nickel's. Prices listed are for MS-65 certified. Visit the link to learn more about each coin.

Image Year Mint Worth
Jefferson Nickel 1940 $170
Jefferson Nickel 1955 D $120
Jefferson Nickel 1963 D $102
Jefferson Nickel 1942 D $100
Jefferson Nickel 1940 D $90
Jefferson Nickel 1944 S $85
Jefferson Nickel 1939 S $80
Jefferson Nickel 1955 $80
Jefferson Nickel 1983 S $80
Jefferson Nickel 1938 D $75
Jefferson Nickel 1942 $75
Jefferson Nickel 1944 D $75
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1989 P $345.22
1989 $345,000
1989 D $345
Image Name Mint Worth

Want more? Click here to see the most valuable coins ever minted.

Are 1945 P Nickels Silver?

Yes! Jefferson Nickel's produced in 1945 are 35% silver to be precise, and contain 0.0563 troy oz or 1.751 grams in total of .999 pure silver. Silver weight is measured in troy ounces. Troy ounces weigh about 2 grams more than the standard ounce. CoinTrackers has built a tool that will let you know if your coin is silver or not. The tool is called Is My Coin Silver?.

Numismatic vs Intrinsic Value:

This coin in poor condition is still worth $0.42 more than the intrinsic value from silver content of $1.58, this coin is thus more valuable to a collector than to a silver bug. Coins worth more to a collectors may be a better long term investment. If the metal prices drop you will still have a coin that a numismatic would want to buy.

Want more info? Then read Coin Collecting Investment an article that details the benifits of coin collecting as a way to build wealth. Also learn how to properly store your coins.

Current silver melt value* for a 2009 S Jefferson Nickel is $1.58 and this price is based off the current silver spot price of $28.00 This value is dynamic so bookmark it and comeback for an up to the minute silver melt value.

***Price subject to standard supply and demand laws, dealer premiums, and other market variations. Prices represent past values fetched at online auctions, estate sales, certified coins being sold by dealers, and user submitted values. While we wholeheartedly try to give honest price estimates there are many factors besides appearance, metal content, and rarity that help make up the coins overall value. Call or visit your local coin dealer for more information.

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