|The Jefferson Nickel replaced the Buffalo Nickel design in 1938. The Mint held a design competition that year for the new Jefferson Nickel which was ultimately won by Felix Schlag. However, after winning the design competition, the Mint required Schlag to make revisions to his original award-winning reverse design of Monticello. In 2002, the Jefferson Full Step Nickel Club commissioned the production of Jefferson Nickels in .999 fine silver which featured Schlag’s original award winning design. Two types of nickels were made, one with a regular proof finish and the other with a matte proof finish. A total mintage of 1,938 sets were produced, encapsulated by SEGS and individually numbered on the SEGS labels. The set of coins offered here is Set No. 40, which is one of the lowest numbered sets I have seen available on the market. The nickels are very well made and neither has any problems or defects of note. The reverse design and original lettering style done in Schlag’s award-winning design is well-executed and quite interesting.