1938 Nickel – Finding 5 Full Steps

I decided that the first Jefferson nickel coin that I will add to my nickel type set collection is a 1938 nickel.  The 1938 nickel is the first nickel to bear the portrait of Thomas Jefferson.  Since this 1938 nickel is the first Jefferson nickel, I decided to make it the first coin of my nickel coins type set collection.

1938 Nickel

The 1938 nickel was minted at the Philadelphia Mint, Denver Mint and the San Franscisco Mint.  The Philadelphia Mint struck 19,496,000 1938 nickels.  The Denver Mint struck 5,376,00 1938-D nickels.  The San Francisco Mint struck 4,105,00 1938-S nickels.  Only the Philadelphia mint produced proof nickels in 1938.  Only 19,365 proof nickels were minted that year.

In looking at the 1938 nickel value, it seems tha Mint State nickels are not hard to find from any of these mintmarks.  The real issue with the 1938 nickel is finding a sharply struck 1938 nickel.  As with most Jefferson nickels, the real nickel value comes from finding a 1938 nickel with 5 Full Steps.  According to A Guide Book of Buffalo and Jefferson Nickels, one out of twenty coins in the Mint State 65 qualtiy or higher will have 5 Full Steps.  So that is my mission.  I want a 5 Full Step 1938 nickel.

Do you have any advice that you can give me to help me find my 5 Full Step 1938 nickel?  I would love to hear your advice for buy this Jefferson nickel and any other us coins.

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