2007 Liberty Nickel P
The reverse of the 2007 Liberty Nickel P features the main building of Jefferson’s home, Monticello. In 2006, Mint engravers improved the image and moved the designer’s initials to the reverse. The 2007 coin, which has been in circulation for fifteen years, bears a portrait of Thomas Jefferson. On the reverse, the designer’s initials and the words E PLURIBUS UNUM are also displayed. The Philadelphia Mint produced the proof coins, while the San Francisco Mint issued the circulation ones.
The history of the coin dates back to the American Civil War, when widespread panic caused people to hoard coins. In fact, coins nearly disappeared overnight. The Mint simply couldn’t keep up with demand. In addition to the war, people needed coinage for daily transactions. However, the Civil War also impacted the coin’s popularity. As a result, the Mint didn’t have enough resources to meet demand. During this time, coinage was essential for the United States.
The Buffalo nickel, which was minted from 1913 to 1938, was a difficult coin to mint. Congress had the authority to replace the coin only once during its twenty-five-year tenure. The Mint conducted a design competition in 1938 and required the obverse to have Jefferson, while the reverse featured Jefferson’s house, Monticello. Schlag won the competition and was forced to submit a new design, a new reverse, and other changes before the coin was released into production.
If the 2007-P Jefferson Nickel is graded AU, it will sell for between five and ten cents. If the coin is in excellent condition, however, it could be worth as much as one hundred dollars. The mint issued only three V Nickels in this series from 1883 to 1913. These nickels were also worth more than their face value. A 2007-P Jefferson Nickel is worth between five and ten cents in AU condition, and twenty-five cents in AU.