This is the first year of issue for the Jefferson Nickel series. Felix Schlag was awarded $1,000 for submitting the winning design for the Jefferson Nickel. The Mint struck a reasonable amount of coins this first year to meet the public demand. It struck just over 19 millions coins at the Philadelphia Mint which is considered a large mintage in the series. Compare this mintage to that of the 1938-D where the Mint only struck about 5 million and for the 1938-S it only struck around 4 million coins. This is why today there are still more 1938-P Nickels available than for its D and S mint mark counterparts, even though they were struck the same year.