1942 P [TYPE 2] Jefferson Nickel — Coin Value

Jefferson Nickel

What the 1942 P [TYPE 2] Jefferson Nickel is worth — ungraded vs graded (MS62 / MS66).

1942 P [TYPE 2] Jefferson Nickel value — Ungraded $16 · MS62 $29 · MS66 $101. Prices updated August 2026.

Series · Jefferson NickelMint · PYear · 1942
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Value by grade
$16
Ungraded
+81%
$29
MS62
6.3×
$101
MS66

Real sold prices per grade — the MS66 premium on this card is 6.3× raw.

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Which version do you have?

For the cheapest way to own a 1942 P Jefferson Nickel, buy the SILVER version at $14. The TYPE 2 version at $13 offers a specific variant, but the price difference is minimal. If your goal is simply possession, the SILVER version is fine. However, collectors seeking the specific characteristics of the TYPE 2 should pay the slightly lower price for that distinct edition.

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Item details

Series
Jefferson Nickel
Year
1942
Mint
P

1942 P [TYPE 2] Jefferson Nickel value

A raw (ungraded) 1942 P [TYPE 2] Jefferson Nickel runs around $16, a certified MS62 about $29, and a high-grade MS66 commands $101.

What drives the price

Grade, mint mark, strike quality, and key dates drive coin value. Certified (slabbed) coins carry a premium over raw; low-mintage years and full-strike examples appreciate the most.

Price guide

What this actually trades for — sold values by condition vs. what sellers are asking today

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ConditionValueBased on
Ungraded$16eBay sold comps
MS62$29eBay sold comps
MS66$101eBay sold comps

Frequently asked questions

What is the starting value for an ungraded 1942 P Jefferson Nickel?
Ungraded examples of the 1942 P Jefferson Nickel are currently valued around $14.
How much more is an MS66 compared to an ungraded version?
An MS66 grade for this nickel is valued at $101, significantly higher than the ungraded starting price.
Which mint mark is associated with this specific 1942 Jefferson Nickel?
This specific coin features the P mint mark and is from the 1942 series.

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