| In 1942, two types of proof Jefferson Nickels were minted. The first type was the traditional 75% copper-25% nickel alloy used to make nickels for many years. With the outbreak of World War II, nickel was a vital resource for the war effort so much so that the Mint changed the composition of the nickel to 56% copper-35% silver-9% manganese during 1942 and the so-called silver "war nickel" was born. 1942 was the only time that War Nickels were available in proof finish and not very many were made. Only 27,600 Type 2 proof nickels were minted in 1942 with the wartime silver alloy. This example of the 1942-P Proof Jefferson War Nickel has been graded PR67+ by PCGS and is encapsulated in one of the newer-style edge-view holders. This coin exhibits a good amount cameo contrast between the frosted devices and the mirrored fields, certainly more than you see on a typical proof war nickel. It is a great looking nickel overall with hardly any marks of note as you would expect at this ultra high plus grade. The coin does have some slightly dirty haze on both sides which are a testament to the originality of the coin, but which also keeps the piece from the highest categories of overall eye appeal. To date, only twelve (12) examples of the 1942-P Proof Jefferson War Nickel have been graded higher by PCGS, all at the PR68 level and each of which would cost approximately $10,000 if offered for sale today. Accordingly, the PR67+ example offered here is a relative bargain and an amazingly well preserved specimen of this important wartime issue. |
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