Finding The 1942 Type 2 Jefferson Nickel in Proof: Does It Matter If the Steps Aren’t Complete?

Introduction: The Unexpected Treasure in Your Pocket Change

You don’t always need a dealer to find this. Here is what to look for when searching through circulation or bulk lots.

Every roll hunter knows that thrill of discovery when you spot something unusual among the ordinary. For Jefferson nickel enthusiasts, the 1942 Type 2 proof represents one of those rare finds that can make your day. While most collectors focus on mint state business strikes, the proof versions of these wartime silver nickels hold a special allure for those who know what to look for.

Historical Significance: The 1942 Type 2 Nickel Story

The 1942 Jefferson nickel holds a unique place in American coinage history. This was the year the Mint transitioned from copper-nickel composition to a temporary silver alloy due to wartime metal shortages. The Type 2 designation specifically refers to the relocation of the mint mark from the right side of Monticello to a larger size above the dome, making these coins easily distinguishable from their Type 1 counterparts.

What makes the 1942 Type 2 particularly interesting for roll hunters is that proof versions were struck in both copper-nickel (Type 1) and silver (Type 2) compositions. The silver proofs were produced at the Philadelphia Mint and represent a fascinating intersection of numismatic history and wartime necessity.

Identifying Key Markers: What to Look For

When cherry picking through bulk lots or estate sales, there are several key markers to examine:

• Mint Mark Position: The Type 2 features a large “P” mint mark above Monticello’s dome – a clear indicator you’ve found the silver composition
• Color and Luster: Silver proofs typically display a brilliant white or slightly gray tone compared to the warmer copper-nickel versions
• Strike Quality: Most proof Jefferson nickels exhibit full steps on Monticello, though as our discussion reveals, this isn’t guaranteed

The Full Steps Controversy: Does It Matter for Proofs?

This brings us to the heart of our discussion – the question of whether incomplete steps on a proof Jefferson nickel matters. The forum conversation reveals a fascinating divide among collectors:

“I have never seen a proof yet that did not have full steps. Interesting, and somewhat ‘rare’ for a double-struck Proof to not get a full step impression.”

However, other collectors point out that steps aren’t typically considered in proof grading, similar to how Full Bands (FB) and Full Bell Lines (FBL) are treated on other denominations. One collector noted they own a PCGS OGH 1942 PR66 Mercury dime with a gold CAC sticker that lacks full bands.

Circulation Finds vs. Proof Quality

For roll hunters, the distinction between circulation finds and proof quality is crucial. While you’re unlikely to find a true proof coin in circulation, you might encounter business strikes that were exceptionally well-struck or coins that have developed attractive toning over decades of circulation.

One collector observed that “All of the Jefferson 6 full steps that I have are silver war nickels, and from looking at population information it seems like those were more common during that time, perhaps the silver was easier to strike well than the coins that have nickel.” This insight suggests that silver wartime nickels might be more likely to show complete steps, even in circulated condition.

Value Guide: What Determines Worth

The value of a 1942 Type 2 proof nickel depends on several factors:

• Grade: Proof coins are graded on a different scale than business strikes, typically ranging from PR-60 to PR-70
• Step Quality: While not officially designated on proof labels, full steps can matter to future buyers
• Eye Appeal: Deep cameo contrast between frosted devices and mirrored fields commands premiums
• Originality: Untoned or naturally toned coins often bring higher prices than artificially toned examples

Cherry Picking Strategies: Where to Find These Treasures

Successful cherry picking requires knowing where to look and what to look for. Here are proven strategies for finding valuable 1942 Type 2 nickels:

1. Bank Roll Hunting

Many collectors still find success by obtaining rolls of nickels from banks and searching through them systematically. While finding a proof coin is extremely unlikely, you might discover well-struck business strikes or coins with significant numismatic value.

2. Estate Sales and Coin Shows

Older collections often contain overlooked gems. At estate sales, look for coins that appear to have exceptional detail or unusual coloration. At coin shows, don’t overlook bargain bins where misidentified coins often hide.

3. Online Bulk Purchases

Websites like eBay offer bulk lots of war nickels at prices that make cherry picking profitable. The key is developing an eye for spotting coins that appear more detailed than average in photographs.

Authentication Tips: Avoiding Common Pitfalls

When you think you’ve found something special, here’s how to verify your discovery:

1. Examine the coin under good lighting with magnification
2. Check for signs of cleaning or alteration
3. Compare your find to known genuine examples
4. Consider submitting to a reputable third-party grading service if you’re confident in your discovery

Conclusion: The Joy of Discovery

The 1942 Type 2 Jefferson nickel in proof condition represents more than just a collectible coin – it’s a tangible piece of American history that connects us to the World War II era. Whether you’re a serious collector seeking perfect specimens or a casual roll hunter hoping to find that one special coin, understanding the nuances of these wartime proofs can enhance your collecting experience.

As one collector wisely noted, “Steps don’t count on the label for proofs, but they might count to a future buyer looking for fully and sharply detailed coin.” This observation captures the essence of coin collecting: while technical specifications matter, the true value often lies in the story, the hunt, and the satisfaction of discovery.

So next time you’re sorting through a roll of nickels or browsing through a dealer’s inventory, keep an eye out for that distinctive 1942 Type 2. You might just find that the steps aren’t complete – and discover that in the world of coin collecting, sometimes the imperfections tell the most interesting stories.

Related Resources

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