1986-P Jefferson Nickel
Circulation strike struck at the Philadelphia Mint · 536,883,483 made
- Mintage
- 536,883,483
- Metal
- 75% copper, 25% nickel
- Weight
- 5 g
- Diameter
- 21.21 mm
Original illustration. Tap to flip. Not a photograph of the actual coin.
Face value · Metal value · Small premium · Collector premium · Significant rarity. We use bands because prices change daily.
What is a 1986-P Jefferson Nickel worth?
In circulated condition it's worth face value. Only uncirculated coins with full original luster, or a recognized variety, carry a premium.
What would make yours worth more:
- Uncirculated condition with full original luster
- Full steps on Monticello (5FS or 6FS)
- A die variety or minting error
For market prices, check recent sold results for certified coins in the same grade.
Quick answers
- Is the 1986-P Jefferson Nickel rare?
- Not by date: 537 million were struck. A sharp uncirculated coin or a known variety is what makes one special.
- Is the 1986-P Jefferson Nickel silver?
- No. It's 75% copper, 25% nickel. The only silver nickels are the 1942 to 1945 wartime coins with a large mint mark above Monticello.
- Where is the mint mark on a 1986 Jefferson Nickel?
- On the obverse, near the date. "P" appears from 1980. On this coin the mark is P, for Philadelphia.
- Which Philadelphia dates near 1986 are scarcer?
- The 1982-P at 292,355,000, the 1987-P at 371,499,481. So the 1986-P is on the scarcer side for those years.
- How many 1986-P Jefferson Nickel coins were made?
- 536,883,483.
What to check on your 1986-P
- Make sure the mint mark really is a P. A worn or filled mark can be misread. It's what separates your coin from the 1986-D (362 million made).
- Proof or circulation strike? A proof has mirror-like fields and frosted design details and was sold to collectors, not released in change. The 1986-S Jefferson Nickel Proof (3,010,497 made) is the one to compare with.
- Judge the grade under good light. The steps of Monticello are the key: coins with 5 or 6 full steps (5FS / 6FS) sell for large premiums. On the obverse, check Jefferson's cheekbone and hair.
With 537 million made, the 1986-P still turns up in everyday change. Keep yours only if it looks uncirculated or shows a variety; otherwise it's worth face value.
The story of the 1986-P
Output at Philadelphia slipped to 536,883,483 in 1986, from 647 million the year before. In 1987 the figure was 371 million.
1986-D came to 362 million, so neither mint's 1986 coin is much scarcer than the other.
Across Philadelphia's 64 Jefferson Nickel issues, the hardest to find is the 1955 with 7,888,000 made. The 1986-P is one of the easier ones. Within the 1980s it's 11th smallest of 20, between the 1983-D (537 million) and the 1983-P (562 million).
The P mint mark and high output (1980 to 1992)
In 1980 Philadelphia began placing a P on its nickels, the first time since the wartime silver years. The mint mark has been used ever since. Output ranged from a few hundred million to nearly 900 million at each mint, with Philadelphia's 1982 figure of 292 million among the lowest of the decade. San Francisco proofs continued every year. Prestige proof sets from 1983 onward included the nickel.
Collectors grade these coins by how many of Monticello's steps are complete. On dates struck with tired dies a full steps coin can be hard to find. Most coins from this era are common and found in uncirculated condition in rolls and mint sets. Errors such as off center strikes, clipped planchets and struck through debris are popular finds from this high volume period.
Elsewhere in US coinage in 1986
The American Eagle bullion program began, with gold and silver coins sold by weight.
How to recognize it
Felix Schlag's portrait shows Thomas Jefferson facing left with IN GOD WE TRUST, LIBERTY and the date. The reverse shows the front of Monticello, Jefferson's home, with MONTICELLO and FIVE CENTS below. The mint mark was to the right of the building until 1964 (above the dome on wartime silver nickels) and moved to the obverse, near the date, in 1968. Schlag's initials FS were added below the bust in 1966.
Mintage chart
Specifications
| Series | Jefferson Nickel (1938–2003) |
|---|---|
| Year | 1986 |
| Mint | Philadelphia Mint |
| Mint mark | "P" |
| Strike type | Circulation strike |
| Mintage | 536,883,483 |
| Face value | 5¢ |
| Composition | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.21 mm |
| Edge | Plain |
| Designer | Felix Schlag |
Other 1986 Jefferson Nickel issues
| Coin | Mintage | Type | Silver |
|---|---|---|---|
| 1986-P Jefferson Nickel | 536,883,483 | Circulation strike | – |
| 1986-D Jefferson Nickel | 361,819,140 | Circulation strike | – |
| 1986-S Jefferson Nickel Proof | 3,010,497 | Proof | – |
Mintage: United States nickel mintage figures (Wikipedia, CC BY-SA 4.0), compiled from US Mint records and the Guide Book of United States Coins. How we build these pages.