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The current Coin Dealer Newsletter lists its value at about $1.75

More: It depends on where it was minted and what mint state the coin is in. The 1946 Jefferson Nickel was minted in Philadelphia, Denver and San Francisco. According to USA Coin Book, these are the vales:

Philadelphia (no mint mark): In MS60 mint condition, this coin is worth about $0.70, while a coin in MS65 Brilliant uncirculated mint condition is worth about $5.50.

Denver (small "D" mint mark): In MS60 mint condition, this coin is worth about $0.95, while a coin in MS65 Brilliant uncirculated mint condition is worth about $5.50.

San Francisco (small "S" mint mark): In MS60 mint condition, this coin is worth about $0.95, while a coin in MS65 Brilliant uncirculated mint condition is worth about $3.25.

A Mint State 1946 Jefferson Nickel (note spelling) in MS-60 is 40 cents, in MS-63 it's $2.75. If you found it in change, it's likely not uncirculated.

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Q: How much is a mint 1946 Jefferson nickel worth?
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