As of May, 2024, a 1940 Nickel Reverse of 1938 in uncirculated specimen can be valued between $40.00 and $22,500.00, depending on its grade and strike quality.

Looking back at auction records, the highest price was achieved by a Mint State grade that was hammered at $28,750.00 in the 01/05/2011 by renowned auctioneer Heritage Auctions, showcasing the allure of top-tier rarities.

Designer: Felix Schlag
Edge: Plain
Diameter: 21.20 millimeters
Weight: 5.00 grams
Mintage: 14,158
Mint: Philadelphia
Metal: 75% Copper, 25% Nickel
Series: Jefferson Five Cents 1938-1964

1940 Nickel Reverse Of 1938 (Proof) – Price Chart

If you are aware of your coin’s grade, refer to the following chart to determine its value:

GradePrice($)
MS-6822,500.00
MS-67+2,600.00
MS-671,800.00
MS-66+900.00
MS-66625.00
MS-65+400.00
MS-65325.00
MS-64+185.00
MS-64130.00
MS-63+120.00
MS-63110.00
MS-62+70.00
MS-6265.00
MS-6150.00
MS-6040.00

If you are unsure of the grade, you can assess it based on the coin’s condition. More detailed information here.

GradeLowest Price($)Highest Price($)Average Price($)
Mint State40.0022,500.001,994.67

Please note that the estimated values are derived from the latest data in the PCGS Price Guide and are not guaranteed to be 100% accurate. We strongly recommend reviewing actual auction records, which can be filtered by grade. For further insights, refer to our analysis report, which is based on these data.

Also, there are multiple versions of the 1940 Jefferson Nickel. We recommend checking the values of these coins as well to ensure a comprehensive assessment.

Coin NameMin Circulated Price($)Max Circulated Price($)Min Uncirculated Price($)Max Uncirculated Price($)
1940 Nickel (Regular Strike)1.002.002.001,750.00
1940-D Nickel (Regular Strike)10.0010.002.00140.00
1940-S Nickel (Regular Strike)1.002.003.00275.00
1940 Nickel Reverse of 1940 (Proof)N/AN/A25.007,850.00
1940 Nickel, FS (Regular Strike)N/AN/A10.004,750.00
1940-D Nickel, FS (Regular Strike)N/AN/A3.0011,000.00
1940-S Nickel, FS (Regular Strike)N/AN/A10.001,800.00
1940 Nickel Reverse of 1940, CAM (Proof)N/AN/A30.001,150.00
1940 Nickel Rev of 1938 FS-901 (Proof)N/AN/A110.001,700.00

Coins listed have various mint marks and designations indicating where they were minted and if they are special strikes. To learn more about what the different mint marks and designations mean, please refer to our Mint Mark Chart and Coin Designation Reference Chart.

1940 Nickel Reverse Of 1938 (Proof) – Auction Chart & Report

This tool is very user-friendly. Simply select the coin grade, and our system will provide detailed information including:

  • Lowest Sale Price
  • Highest Sale Price
  • Average Sale Price
  • Most Recent Sale Price
  • Number of Sales
  • Sales Volume

You can also select different time periods for your query: 1 month, 6 months, 1 year, 3 years, or All time, with the default set to All time.

Grade:
1m 6m 1y 3y All

$225.50

Lowest Sale Price
$1,610.00

Highest Sale Price
$715.99

Average Sale Price
$396.00

Most Recent Sale Price
28

Number of Sales
$20,047.75

Sales Volume

Grade Impact Analysis

GradeLowest Price($)Highest Price($)Average Price($)
MS-681,610.0028,750.0011,261.15
MS-67+1,560.003,055.002,086.67
MS-67822.502,820.001,405.90
MS-66225.501,610.00715.99
MS-65211.50446.50324.01
MS-6484.00403.00167.96
MS-6384.00115.0099.50
MS-6231.0062.0047.67

The chart shows the min and max prices for the 1940 Nickel Reverse of 1938 (Proof) coin across various grades from MS-62 to MS-68. The prices generally increase as the grade improves, with MS-68 having the highest max price $28,750.00.

Within each grade, there is also variability in prices, likely due to factors like specific coin characteristics or market conditions at time of sale. Overall, the chart illustrates how coin grade is a key driver of value for this particular 1940 Nickel Reverse of 1938 (Proof).

Auction House Comparison

The pie chart breaks down the market share of various auction houses for selling the 1940 Nickel Reverse of 1938 (Proof) coin. Heritage Auctions dominates with 77.14% share, followed by Stack's Bowers / Great Collections with 10.48% / 5.71% appearances respectively..

Price Trend Over Time

The graph presents a detailed analysis of the average annual auction sale price and frequency for the 1940 Nickel Reverse of 1938 (Proof) coin over the years. This visual representation traces the coin's value fluctuations, illustrating periods of increase, decrease, or stability in its average auction price.

Such a historical view is indispensable for collectors, investors, or researchers who are keen on comprehending the market dynamics and the coin's value trend over an extended period.

Raw Auction Records

Here are the lasted auction records from the auction history of the past years. You can filter these records by coin grade.

GradeGrade SourceSellerPrice($)Sold Date
MS-68PCGSHeritage Auctions11,700.0007/23/2023
MS-67NGCHeritage Auctions840.0008/31/2022
MS-68NGCHeritage Auctions5,040.0008/28/2022
MS-67PCGSHeritage Auctions1,680.0006/06/2022
MS-68NGCHeritage Auctions4,080.0006/06/2022
MS-67+PCGSGoldberg Auctioneers1,560.0002/15/2022
MS-68NGCHeritage Auctions5,160.0012/19/2021
MS-66PCGSHeritage Auctions396.0011/24/2021
MS-67NGCHeritage Auctions900.0010/13/2021
MS-68NGCStack's Bowers4,800.0008/25/2021
MS-66PCGSStack's Bowers660.0008/25/2021
MS-67NGCHeritage Auctions960.0003/17/2021
MS-65NGCHeritage Auctions300.0003/17/2021
MS-66PCGSDavid Lawrence RC500.0001/03/2021
MS-68NGCStack's Bowers3,120.0012/21/2020
MS-67PCGSStack's Bowers1,200.0011/18/2020
MS-67PCGSHeritage Auctions2,640.0010/18/2020
MS-68PCGSHeritage Auctions26,400.0009/20/2020
MS-67PCGSHeritage Auctions1,200.0009/20/2020
MS-67PCGSLegend Rare Coin Auctions1,703.7512/12/2019
MS-66PCGSStack's Bowers264.0004/30/2019
MS-68NGCStack's Bowers4,440.0003/05/2019
MS-64PCGSHeritage Auctions99.0002/13/2019
MS-64NGCHeritage Auctions104.0002/13/2019
MS-64PCGSHeritage Auctions84.0002/13/2019
MS-66NGCStack's Bowers432.0002/06/2019
MS-67PCGSHeritage Auctions1,020.0011/11/2018
MS-66PCGSHeritage Auctions408.0003/06/2018
MS-65PCGSHeritage Auctions312.0002/27/2018
MS-67PCGSHeritage Auctions1,020.0002/22/2018
MS-66PCGSHeritage Auctions360.0009/07/2017
MS-67+PCGSHeritage Auctions3,055.0006/08/2017
MS-67NGCHeritage Auctions940.0004/26/2017
MS-67+PCGSHeritage Auctions1,645.0004/26/2017
MS-65ANACSHeritage Auctions329.0003/14/2017
MS-66NGCHeritage Auctions493.5002/16/2017
MS-65PCGSHeritage Auctions270.2501/31/2017
MS-65PCGSHeritage Auctions211.5001/10/2017
MS-67PCGSHeritage Auctions940.0001/04/2017
MS-67PCGSHeritage Auctions1,410.0001/04/2017
MS-67PCGSHeritage Auctions1,057.5001/04/2017
MS-66PCGSHeritage Auctions705.0009/07/2016
MS-67PCGSHeritage Auctions1,116.2508/09/2016
MS-64PCGSHeritage Auctions99.0007/12/2016
MS-67NGCHeritage Auctions822.5006/08/2016
MS-66PCGSStack's Bowers705.0003/30/2016
MS-65PCGSHeritage Auctions446.5003/15/2016
MS-67PCGSHeritage Auctions1,292.5002/04/2016
MS-67PCGSHeritage Auctions1,762.5001/06/2016
MS-66PCGSHeritage Auctions763.7501/06/2016
MS-67PCGSHeritage Auctions1,292.5010/29/2015
MS-68PCGSHeritage Auctions16,450.0009/20/2015
MS-67PCGSHeritage Auctions2,820.0004/26/2015
MS-66NGCHeritage Auctions998.7501/07/2015
MS-64ANACSGreat Collections115.5011/23/2014
MS-66ANACSGreat Collections225.5011/23/2014
MS-65NGCGreat Collections278.3011/02/2014
MS-67PCGSHeritage Auctions1,880.0007/10/2014
MS-65PCGSGreat Collections344.6606/15/2014
MS-65NGCGreat Collections341.0005/04/2014
MS-67NGCStack's Bowers2,350.0003/27/2014
MS-66NGCHeritage Auctions881.2502/27/2014
MS-66PCGSHeritage Auctions705.0002/03/2014
MS-66NGCHeritage Auctions764.0012/05/2013
MS-65NGCHeritage Auctions282.0012/05/2013
MS-64NGCHeritage Auctions182.0009/30/2013
MS-64PCGSGreat Collections217.0009/22/2013
MS-66PCGSHeritage Auctions881.0006/05/2013
MS-66PCGSHeritage Auctions978.0004/18/2012
MS-64NGCHeritage Auctions403.0002/02/2012
MS-67NGCHeritage Auctions1,093.0001/03/2012
MS-67PCGSStack's Bowers2,070.0011/15/2011
MS-62NGCHeritage Auctions50.0010/17/2011
MS-64NGCHeritage Auctions127.0010/17/2011
MS-63PCGSHeritage Auctions84.0009/19/2011
MS-66PCGSStack's Bowers403.0008/15/2011
MS-64NGCHeritage Auctions150.0007/25/2011
MS-68PCGSHeritage Auctions28,750.0001/05/2011
MS-62ANACSHeritage Auctions62.0012/06/2010
MS-66PCGSHeritage Auctions518.0012/02/2010
MS-67PCGSBowers & Merena1,150.0008/07/2010
MS-66PCGSHeritage Auctions633.0002/03/2010
MS-65PCGSHeritage Auctions276.0002/03/2010
MS-66NGCHeritage Auctions1,610.0007/31/2009
MS-67PCGSHeritage Auctions1,393.0005/01/2009
MS-65PCGSHeritage Auctions374.0002/11/2009
MS-68NGCBowers & Merena7,245.0007/26/2008
MS-65PCGSHeritage Auctions431.0001/09/2008
MS-64NGCHeritage Auctions230.0005/15/2007
MS-65NGCHeritage Auctions276.0006/14/2006
MS-68ANACSHeritage Auctions1,610.0006/01/2006
MS-68PCGSHeritage Auctions27,600.0002/09/2006
MS-66PCGSHeritage Auctions690.0001/01/2006
MS-66PCGSHeritage Auctions1,323.0009/01/2005
MS-66PCGSAmerican Numismatic Rarities1,035.0007/25/2005
MS-62ANACSHeritage Auctions31.0004/24/2005
MS-64PCGSHeritage Auctions253.0002/02/2005
MS-65PCGSHeritage Auctions380.0005/05/2004
MS-66PCGSHeritage Auctions863.0001/07/2004
MS-65PCGSHeritage Auctions357.0011/17/2003
MS-65PCGSHeritage Auctions299.0008/06/2003
MS-66PCGSSuperior Galleries1,150.0007/27/2003
MS-66PCGSHeritage Auctions702.0006/02/2003
MS-63ANACSHeritage Auctions115.0011/21/2002
MS-64NGCHeritage Auctions120.0001/18/2001