The value of a 1940 US nickel depends on its condition and type. Here are the approximate values for different grades:
Good (G): $0.50 to $1
Fine (F): $1.50 to $2.50
Very Fine (VF): $3 to $4
Extremely Fine (XF): $4.50 to $6
Uncirculated (UNC): $7 to $10
Jefferson War Nickel Varieties:
In 1942 and 1944, the US Mint produced "War Nickels" made of a composition of 35% silver, 56% copper, and 9% manganese. These nickels are particularly valuable, especially if they have the "P" mint mark indicating they were produced in Philadelphia.
1942 War Nickel:
Good (G): $2 to $3
Fine (F): $3 to $4
Very Fine (VF): $5 to $7
Extremely Fine (XF): $8 to $11
Uncirculated (UNC): $12 to $15
1944-P War Nickel:
Good (G): $2.50 to $3.50
Fine (F): $3.50 to $4.50
Very Fine (VF): $6 to $8
Extremely Fine (XF): $9 to $12
Uncirculated (UNC): $13 to $18
These values are based on general market trends and may vary depending on specific factors like mint marks, errors, and market fluctuations. For accurate appraisals, it's recommended to consult a professional coin dealer or numismatist.