In May 2025, a routine visit to a thrift store in Indiana turned extraordinary when a shopper discovered a rare 1943-P Jefferson Nickel nestled among vintage buttons.
This coin, minted during World War II, contains 35% silver, a composition used between 1942 and 1945 due to nickel shortages. What made this find exceptional was its Mint State condition, showing minimal wear despite its age .
The Coin’s Significance
The 1943-P Jefferson Nickel is notable for several reasons:
- Silver Content: Unlike standard nickels, wartime nickels like the 1943-P contain silver, making them more valuable.
- Mint Mark: It was the first U.S. coin to feature a large mint mark (“P”) above Monticello on the reverse side.
- Rarity in Condition: While many were minted, few have survived in such pristine condition, significantly increasing their value.
Public Reaction and the “Button Bag Boom”
The thrift store’s social media post about the find went viral, leading to a surge in interest in coin collecting. Dubbed the “Button Bag Boom”, people nationwide began scouring their homes for old coins, hoping to find similar treasures.
Thrift stores and antique shops reported increased foot traffic, and online communities buzzed with discussions about rare coin finds .
Understanding the Value
The value of a Jefferson Nickel depends on several factors:
- Year and Mint Mark: Certain years and mint marks are rarer than others.
- Condition: Coins in Mint State or with Full Steps (FS) designation are more valuable.
- Errors: Coins with minting errors can fetch higher prices.
For instance, a 1953-S Jefferson Nickel in MS65 condition with Full Steps can be valued at around $20,000 .
Quick Reference Table
| Feature | Details |
|---|---|
| Coin | Jefferson Nickel |
| Year | 1943-P |
| Composition | 35% Silver, 56% Copper, 9% Manganese |
| Mint Mark | “P” above Monticello |
| Condition | Mint State (MS) |
| Estimated Value | Up to $20,000 |
| Notable Features | Wartime silver content, first large mint mark |
This remarkable discovery underscores the hidden value that everyday items can hold. The 1943-P Jefferson Nickel found in a thrift store purse not only brought significant financial gain but also reignited public interest in coin collecting.
Whether you’re a seasoned numismatist or a curious beginner, it’s a reminder to look closely—you never know what treasures you might find.
FAQs
How can I identify a wartime Jefferson Nickel?
A wartime Jefferson Nickel (1942-1945) will have a large mint mark above Monticello on the reverse side.
What does “Full Steps” mean in coin grading?
“Full Steps” refers to the clarity of the steps on Monticello in the coin’s design. Coins with five or six fully visible steps are more valuable.
Where can I get my coins appraised?
You can consult professional coin grading services like PCGS or NGC, or visit a reputable local coin dealer.