IT’S RARE! 1975 D Jefferson Nickel Misplaced Mint Mark
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This 1975-D Jefferson nickel was found ungraded and sent to NGC. They recognized it as an FS-401, and recently, an Extra Fine 40 example sold for around $1,080 at a coin show. So, don’t spend your 1975-D Jefferson nickels until you check if they have the misplaced mintmark, now officially classified as FS-401.
About two years ago, someone sent this to PCGS, but they submitted it as a mint error. PCGS only recognized the cud die break, which is why they didn’t label it as FS-401. This coin not only has the cud but is also from a different die or at least a later die stage of the 1975-D series. You can see the misplaced mintmark clearly, though the images available don’t allow for better zooming.
For some reason, PCGS did not put FS-401 on the label even though they do list a misplaced mintmark variety. An Extra Fine 40 example sold for $750, while Heritage Auctions had an Extra Fine 45 and Extra Fine 40 that sold for $1,080. The one at the coin show was an AU-58, meaning it’s worth more than $1,080, though it was being offered at that price. In 2022, an example sold for $1,080, while in 2021, another sold for $3,700, showing that interest in this variety is increasing.
I checked Stack’s Bowers but didn’t find any recent misplaced mintmark sales. Comparing a standard 1975-D mintmark to the FS-401 variety, you can see the difference clearly. A few examples have also sold at Great Collections, but not for very high prices. However, that doesn’t necessarily reflect their true market value. At the show, the dealer with the AU-58 example sent pictures to Heritage, and they offered him around $700–$750 for the coin.
The highest-graded example I could find is Mint State 63. Searching for 1975-D misplaced mintmark examples in PCGS holders, I found a TrueView listing asking $1,125 for an Extra Fine 45 example. Unfortunately, I didn’t see an image of the actual holder, but it is confirmed to be certified. The odd thing is that PCGS isn’t labeling these with FS-401, even though the designation exists.
If you find one, submit it under the variety tier to ensure it gets the proper FS-401 label. Ignore any cuds or other minor errors—focus on getting the variety recognized and sending it to auction. Right now, this variety holds value.
Check your 1975-D rolls carefully—there appear to be different die stages, and no one knows how many are out there. There could be a significant number still undiscovered.
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