The act of collecting coins is more than just a hobby; it is also an investment that has the potential to provide substantial rewards.
Certain rare nickels have seen their value increase over the years, in contrast to the majority of coins that are now in circulation, which are worth their face value.
In the event that you have some ancient nickels hanging around, you should probably look at them in great detail. Here are four unusual nickels that have become quite expensive, along with some hints on how to identify them if you happen to possess one.
1913 Liberty Head V Nickel
This nickel is among the most iconic coins in U.S. history. Only five were ever minted, making it incredibly rare and highly sought after.
Key Details:
- Rarity: Only five minted.
- Auction Prices: A PR66 coin sold for $4.56 million in 2018, and a PR63 example fetched $4.2 million in 2022.
- Why It’s Special: Its scarcity and historical value make it a top prize for collectors.
The Liberty Head V Nickel’s limited production and survival over a century elevate it to legendary status in the numismatic world.
1918/7-D Buffalo Nickel
This error coin is a fascinating piece for collectors. It features remnants of the 1917 date under the 1918 imprint, resulting from a mistake during the minting process.
Key Details:
- Rarity: A rare but not impossible-to-find error.
- Auction Price: Sold for $350,750 in 2006, worth approximately $549,202 today.
- Why Collectors Love It: Errors like this are prized because they reveal the coin-making process and provide a unique collecting experience.
The 1918/7-D Buffalo Nickel is a stellar example of how mistakes can turn ordinary coins into extraordinary collectibles.
The $500K Wisconsin Quarter Error and 5 Other Rare Coins That Could Make You Rich
1926-S Buffalo Nickel
Minted at the San Francisco Mint, the 1926-S Buffalo Nickel had a low mintage of only 970,000 coins, making it rare and valuable.
Key Details:
- Rarity: Low production numbers.
- Auction Price: An MS66 example sold for $322,000 in 2008, equivalent to $472,096 today.
- Why It’s Valuable: Its scarcity, especially in high-grade condition, fuels demand among collectors.
Well-preserved examples of the 1926-S are exceptionally valuable, with higher grades commanding impressive prices.
Uncover $80K and $90K Gems: The Rare 1932 Washington Quarters You Could Own
1867 Shield Nickel With Rays
This 19th-century coin stands out due to its unique design. The “with rays” variety is especially rare because the rays on the reverse were supposed to be removed but remained on some coins.
Key Details:
- Rarity: Few coins retained the rays.
- Auction Price: An NGC-graded PR66 coin sold for $132,250 in 2004, worth $220,998 today.
- Why Collectors Prize It: Its rarity and historical origin make it a must-have for serious collectors.
The Shield Nickel with Rays combines a fascinating backstory with striking visual appeal, making it a standout piece in numismatics.
How 3 Rare State Quarters Could Make You a Fortune: $150 Million Mystery Revealed
Factors Affecting Coin Value
Several factors contribute to the high value of these rare nickels:
- Rarity: Coins with limited mintage or unique features are always in demand.
- Condition: Coins in uncirculated or proof condition fetch significantly higher prices.
- Historical Significance: Ties to major events or historical eras can elevate a coin’s worth.
- Demand: Popularity among collectors drives up auction prices.
There is a priceless gem in your archive
Nickels that are extremely rare, such as the Liberty Head V Nickel from 1913 and the Shield Nickel with Rays from 1867, are not only coins; rather, they are works of art and historical heritage. It is possible that you are holding a priceless gem in your hands if you are fortunate enough to possess one.
Collectors continue to be captivated by these coins, and they continue to fetch extraordinary sums at auction. This could be because of the limited mintage, the historical relevance, or the distinctive faults that they include.