Collecting rare coins is a fascinating hobby, but it can also be surprisingly profitable. Among the most valuable U.S. coins are nickels that were minted under unique circumstances or contain rare variations.
Some of these coins have fetched significant sums at auctions, and a lucky few could even be hiding in pocket change or old collections. Below, we explore a few rare nickels that have made collectors thousands and even hundreds of thousands of dollars.
1913 Liberty Head Nickel
One of the rarest nickels in existence, the 1913 Liberty Head Nickel, is highly coveted among collectors. Only five are known to exist, with one fetching over $3 million at auction.
This nickel, produced without official authorization, was likely created as a limited run by a mint employee. Its scarcity and mysterious origins make it one of the most sought-after coins for serious collectors.
1916 Doubled Die Buffalo Nickel
The 1916 Doubled Die Buffalo Nickel is known for a unique minting error where the die struck the coin twice, resulting in a doubled image.
This error makes the year and other details appear doubled, creating a distinct and valuable variation. These coins can command several thousand dollars, especially if they are in good condition.
1937-D Three-Legged Buffalo Nickel
Another valuable and rare nickel is the 1937-D Three-Legged Buffalo Nickel. The front leg of the buffalo on this coin appears partially erased due to over-polishing of the die. This error is both unusual and visually striking, adding to its desirability among collectors.
Depending on its condition, a 1937-D Three-Legged Buffalo Nickel can be worth thousands, sometimes exceeding $40,000.
1942-D Over Horizontal D Jefferson Nickel
This unique coin features an unusual mint mark error, where the letter “D” was stamped horizontally over another “D.”
Known as a doubled mint mark, this mistake is quite rare, and collectors will pay a premium for it. Values for this coin vary but can reach over $20,000, particularly in high grades.
1954-S S/D Mint Mark Jefferson Nickel
The 1954-S S/D Jefferson Nickel has an interesting error where the letter “S” appears stamped over a “D” mint mark. Known as an over-mint mark, this mistake is highly collectible.
The value of this coin can range from a few hundred to a few thousand dollars, depending on its condition.
| Coin Name | Year | Mint Mark Location | Unique Feature | Estimated Value ($) |
|---|---|---|---|---|
| 1913 Liberty Head Nickel | 1913 | None | Rare issue | Over $3,000,000 |
| 1916 Doubled Die Buffalo | 1916 | Philadelphia | Doubled die | $5,000 – $50,000 |
| 1937-D Three-Legged Buffalo | 1937 | Denver | Missing leg | $5,000 – $40,000 |
| 1942-D Over Horizontal D | 1942 | Denver | Double mint mark | $1,000 – $20,000 |
| 1954-S S/D Mint Mark | 1954 | San Francisco | Over-mint mark | $500 – $5,000 |
These rarely-seen nickels are just a few examples of how valuable mint errors and limited releases can be. For collectors and those with inherited coin collections, it’s worth checking for these rare nickels that could bring a significant return.
FAQs
What makes these nickels so valuable?
The value of these nickels typically comes from their rarity, historical interest, and unique minting errors. Coins with limited production runs or errors are highly sought after in the coin-collecting community.
How can I tell if my nickel is valuable?
To determine if your nickel is valuable, check for unique features, mint marks, or errors. Consulting a coin expert or numismatist and having your coin professionally graded can help verify its value.
Are these nickels still in circulation?
While most of these rare nickels are unlikely to be found in regular circulation, some have been discovered in old collections, inherited items, and antique shops. It’s always worth checking your loose change just in case.
Where can I sell a rare nickel if I find one?
You can sell rare nickels at coin shows, through auction houses, or to collectors. Professional coin dealers and numismatic websites are also popular options for selling valuable coins.
Should I get my rare nickel graded?
Yes, grading can increase the value of rare coins by verifying their authenticity and condition.