Humans have been enthralled with coin collecting, for millennia, exceptionally since some coins may be rather valuable. For those who gather U.S. nickels, discovering one of these rare jewels can pay you greatly.
Over time, certain coins including the Jefferson, Shield, Buffalo, and Liberty Head nickels have grown to be rather valuable. This page explores what distinguishes these coins from others, notes some excellent auction sales, and provides direction on what to search for while looking for rare nickels.
The Jefferson Nickel: First-Year Wonder
The 1938 Jefferson Nickel struck in Denver is among the most honored nickels in coin-collecting history. Particularly in its best grades, this nickel is much sought after. It features Thomas Jefferson on the front and his old house, Monticello, on the back.
A 1938 Jefferson Nickel sold for a startling $33,600 in July 2022. The great value of this specific coin is resulting from numerous important elements:
- Mint has Year and Location: This nickel has historical value as it was created in 1938, the first year of the Jefferson Nickel series.
- High Grade: It came with an MS68+, almost flawless condition, meaning just minor flaws are seen.
- Full Steps Feature: In full steps, the opposite side features Monticello’s stairs using precise, well-defined lines, an uncommon and extremely valuable detail among collectors.
The Shield Nickel Gathering Evidence from a Legacy
For an impressive $176,250 in 2012, Heritage Auctions sold a complete set of Shield Nickels, also called “The Complete Proof Shield Nickel Registry Set.” America’s first five-cent pieces were composed of nickel and copper instead of silver, and Shield Nickels are unique in history. Twenty coins were in this specific collection, all kept in perfect condition and used as proof-positive.
The Shield Nickel series distinguishes itself for several reasons:
- Proof Status: Specifically designed for collectors, proof coins have better quality finish and more precise features than standard issued coins.
- Cameo or Deep Cameo Appearance: Many of the coins in this series contrast greatly between mirrored and frosted sections, accentuating their attractiveness.
- Rarity and Condition: Coins in the set have grades ranging from PR65 to PR67, suggesting outstanding preservation with keen details.
The Buffalo Nickel: The Rare Overdate Error
Minted in Denver, the 1918/7 Buffalo Nickel is another coin that drew enthusiasts. Renowned for its unique Native American picture on the front and an American bison on the reverse, this nickel is especially valued because of an “overdate” mistake, wherein the date “1918” was imprinted over “1917.”
This coin sold for a startling $264,500 in January 2010. This is what gives it value:
- Overdate Error: The “8” imprinted over the “7” occurred during hurried die manufacture in the 1917-1918 coinage era.
- Low Survival Rate: Though around 100,000 coins were first manufactured, relatively few are in decent shape.
- High Grade: The coin sold was particularly sought since it was in perfect MS65 condition.
“The Mona Lisa of Rare Coins,” The Liberty Head Nickel
Dubbed “The Mona Lisa of Rare Coins,” the 1913 Liberty Head Nickel is maybe the rarest of all the nickels. One of the most well-known and precious coins in American history, just five of them are known to exist.
The “Olsen Specimen” Liberty Head Nickel sold for over $3.7 million in January 2010. The following justifies the value of this coin:
- Rarity: Only five 1913 Liberty Head Nickels are known to exist; hence, they are practically mythological in the world of coin collecting.
- Historical Ownership: Notable people, including NBA team owner Dr. Jerry Buss and Egyptian King Farouk, have owned the Olsen specimen historically.
- Excellent condition: Classed as PR64, this proof coin is in fantastic shape with keen detailing.
A Closer Look: Key Features of Rare Nickels
| Nickel Type | Year | Special Feature | Auction Price | Grading Certification |
|---|---|---|---|---|
| Jefferson Nickel | 1938 | First Year, Full Steps | $33,600 | MS68+ |
| Shield Nickel | 1866-1883 | Proof Set, Cameo Design | $176,250 | PR65-PR67 |
| Buffalo Nickel | 1918/7 | Overdate Error | $264,500 | MS65 |
| Liberty Head Nickel | 1913 | Rare Issue, Historical Ownership | $3.7 million | PR64 |
Why Are Rare Nickels Worth So Much?
Rare nickels are objects having numismatic, artistic, and historical value rather than merely five-cent coins. Their great worth stems from the following:
- Scarcity: Often with just a few known to survive, coins like the 1913 Liberty Head Nickel are pretty rare.
- Collector Demand: The great desire for original items makes these coins even more precious.
- Condition: Perfect coins, especially those rated as MS68 or PR64, are more valuable and preserve crisp features.
Rare nickels appeal to collectors and historians alike as they reflect a period in U.S. history and creative skill.
Finding Rare and Valuable Nickels in Your Collection
There are several ways to locate precious nickels should you be looking for them:
- Examine Dates Carefully: Carefully review dates, including 1913 (Liberty Head), 1918/7 (Buffalo), and 1938 (Jefferson).
- Check for Errors: Coins with “overdated” mistakes or odd mint markings can sometimes sell for more.
- Look for Grading Certification: Having your coin graded by PCGS or NGC can help you verify its authenticity and condition, enhancing its worth.
Discovering a rare nickel might indicate that you own a hidden wealth. Knowing essential facts will make all the difference for those who enjoy coins as a pastime.
FAQs
1. The most valuable nickel sold was what?
The 1913 Liberty Head nickel, which sold for about $3.7 million in 2010, is the most expensive nickel.
2. What is the “Full Steps” feature on a Jefferson nickel?
The crisp, obvious lines on Monticello’s stairs improve the value of the coin if it is whole.
3. Why are the 1918/7 Buffalo “overdated” nickels very valuable?
Production mistakes make overdated nickels rare; the 1918/7 Buffalo is sought for as few of these defective coins still circulate.
4. Is there any way I may determine whether my nickel is a proof coin?
Usually reflecting a mirror-like surface, proof coins were struck using precisely polished dies intended for collectors rather than circulation.
5. Could I market a rare nickel on my own?
Indeed, but to guarantee correct valuation, think about having it adequately graded or evaluated. For the best visibility to collectors, you can decide to auction it.
Gathering rare nickels transforms what can seem like a random change into a fantastic investment by combining history, craftsmanship, and the excitement of finding a priceless item.
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