- Good: $54
- Fine: $969
- Very Fine: $2,674
- Extra Fine: $5,152
- About Uncirculated 58: $9,516
- MS 60: $15,588
- MS 61: $22,262
- MS 62: $27,450
- MS 63: $31,176
- MS 64: $54,900
- MS 65: $132,357 (PCGS Price Guide, Sept. 2017)
The 1940 Jefferson nickel is made of cupro-nickel which has 75% copper and 25% nickel. Most business strikes were produced at the Philadelphia and Denver Mints using 75% copper (75 Cu) mixed with 25% nickel.
Due to a shortage of nickel metal early in World War II, the Denver and San Francisco Mints produced nickels composed by five 3⁄4-cent coins which consisted of 56% copper, 35% silver, and 9% manganese