The 1949 S Mint Nickel, a product of the San Francisco Mint, holds a special place in numismatic circles. While many of these nickels are common, specific error variants have captured the attention of collectors, fetching impressive sums at auctions.
Understanding the 1949 S Mint Nickel
In 1949, the San Francisco Mint produced approximately 9,716,000 Jefferson Nickels. These coins feature President Thomas Jefferson on the obverse and his Monticello residence on the reverse. The “S” mint mark, located on the reverse to the right of Monticello, signifies their origin.
Identifying 1949 S Mint Nickel Errors
While the 1949 S Mint Nickel is generally considered common, certain error coins from this year have garnered significant interest:
- 1949-D Over S (D/S) Mint Mark Error: This notable error involves a Denver “D” mint mark struck over a San Francisco “S” mint mark. Such over-mintmark errors are rare and highly sought after by collectors. The 1949-D/S Jefferson Nickel, especially those with Full Steps (FS) detail, can command high prices at auctions.
Factors Influencing the Value of 1949 S Mint Nickel Errors
Several factors can elevate the value of these error nickels:
- Error Type: Coins with clear and rare errors, like the over-mintmark, are particularly valuable.
- Condition (Grade): Coins are graded on a scale from 1 to 70, with higher grades indicating better preservation. Mint State (MS) coins, especially those graded MS65 or higher, are more valuable.
- Full Steps (FS) Detail: Nickels with fully defined steps on Monticello are scarce and command premiums.
Notable Auction Sales of 1949 S Mint Nickel Errors
While the 1949 S Mint Nickel itself may not have reached the $75,000 mark, certain error nickels from that era have achieved impressive auction results:
- 1949-D/S Jefferson Nickel: A specimen graded MS67 Full Steps sold for $32,900 in June 2014.
- 1949-S Jefferson Nickel: An example graded MS67 Full Steps fetched $10,582 at auction.
| Variety | Description | Auction Record | Source |
|---|---|---|---|
| 1949-D/S Over-mintmark | Denver “D” over San Francisco “S” mint mark | $32,900 | PCGS |
| 1949-S Full Steps (FS) | Fully defined steps on Monticello | $10,582 | Great Collections |
Conclusion
While not all 1949 S Mint Nickels are valuable, those with specific errors or exceptional conditions can be worth a substantial amount. Careful examination of your collection might reveal a hidden gem.
FAQs
What is a 1949 S Mint Nickel?
It’s a Jefferson Nickel minted in 1949 at the San Francisco Mint, identifiable by the “S” mint mark.
What makes a 1949 S Mint Nickel valuable?
Errors like over-mintmarks, high grades, and Full Steps detail can increase its value.
How can I identify a 1949-D/S over-mintmark error?
Look for signs of an “S” mint mark beneath the “D” on the coin’s reverse.
What does Full Steps (FS) mean on a nickel?
It refers to the complete and precise definition of the steps on Monticello, indicating a decisive strike.
Should I get my 1949 S Mint Nickel graded?
Professional grading can authenticate and potentially increase its value if you believe it has errors or is in exceptional condition.
