12 Valuable American Nickels in Circulation

When you think of valuable coins, the first ones that might come to mind are gold or silver. But did you know that some nickels can also be worth a small fortune? That’s right! There are specific American nickels still in circulation today that are worth far more than their face value. These rare nickels are sought after by collectors due to their unique features, minting errors, and historical significance. Let’s dive into the world of valuable American nickels that could be hiding in your change jar right now.

The Basics of American Nickels

Before we get into the specifics, it’s important to understand what makes certain nickels more valuable than others. Generally speaking, a nickel is worth five cents, and most are made of a copper-nickel blend. However, there are key factors that can drastically increase a coin’s value, including:

  • Minting Errors: Mistakes made during production that result in unique features on the coin.
  • Rare Versions: Some nickels were minted in limited quantities or have features that make them particularly valuable.
  • Condition: Coins that are in excellent condition, or uncirculated, are often worth much more than coins that are worn or damaged.

Now that we know what contributes to a nickel’s value, let’s take a look at some of the most valuable American nickels still circulating.

12 Valuable American Nickels You Should Keep an Eye Out For

1. 1913 Liberty Head Nickel

The 1913 Liberty Head nickel is one of the most famous and rare nickels in American history. Only five of these coins were ever minted, and they’re considered among the most valuable U.S. coins ever produced. Though they are not commonly found in circulation, if you happen to come across one (especially in good condition), you could be looking at a coin worth millions. The last one sold at auction for over $4.5 million!

2. 1939 Jefferson Nickel

While most 1939 Jefferson nickels are worth just five cents, a few rare versions are worth much more. A 1939 nickel with a doubled die error on the obverse (the side with Thomas Jefferson’s portrait) can fetch up to $50,000 if in excellent condition. This error happens when the die that strikes the coin is misaligned, resulting in a doubled image.

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3. 1942-D Over Horizontal D Nickel

The 1942-D over horizontal D nickel is another mistake coin that makes it valuable to collectors. This coin features a rare minting error where the mintmark “D” is over another horizontal “D.” This coin can be worth around $2,000 or more depending on its condition.

4. 1950-D Jefferson Nickel

The 1950-D Jefferson nickel is considered a rare coin because the Denver Mint produced fewer coins that year due to production delays. As a result, this nickel can be worth anywhere from $500 to $5,000, depending on its condition. While still found in circulation, it’s a rare find for most collectors.

5. 1943-P Silver Nickel

During World War II, nickel was in short supply, so the U.S. Mint used a mixture of silver, copper, and manganese for certain nickels. The 1943-P silver nickel is a part of this series and can be worth up to $500 in good condition. While this coin was minted in large quantities, its unique composition makes it valuable to collectors.

6. 1938-D Jefferson Nickel

The 1938-D Jefferson nickel is another rare and valuable coin due to its limited mintage. With only around 3.8 million produced, this nickel can be worth as much as $10,000 if it’s in excellent condition. The scarcity of this coin makes it a prized find for numismatists.

7. 1955 Jefferson Nickel with a Doubled Die

The 1955 Jefferson nickel, especially one with a doubled die error, can be worth several hundred dollars. The error occurs when the die is misaligned during the minting process, creating a doubled image of Thomas Jefferson’s portrait. These coins are quite rare, so keep an eye out for them!

8. 1964 SMS (Special Mint Set) Nickel

The 1964 Special Mint Set (SMS) nickel was struck in limited numbers and was sold as part of a special set issued by the U.S. Mint. These coins were made with higher-quality finishes and can be worth hundreds or even thousands of dollars in good condition. If you come across one of these in circulation, it could be worth much more than its face value.

9. 1944-S War Nickel

The 1944-S War nickel is part of a series of coins that were produced during World War II when nickel was needed for the war effort. Made of 35% silver, these coins are valuable due to their silver content. A 1944-S War nickel in excellent condition can be worth around $10 to $20, but one in pristine, uncirculated condition could fetch much more.

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10. 1939-S Jefferson Nickel

The 1939-S Jefferson nickel is another rare coin worth keeping an eye out for. With a mintage of just 3.7 million, it is considered quite scarce. In excellent condition, this coin can be worth several thousand dollars.

11. 1969-S Doubled Die Nickel

The 1969-S doubled die nickel is known for a minting error that caused the coin to have a doubled image on the obverse. This error, along with the coin’s relatively low mintage, has made it a prized possession for collectors. These coins can be worth hundreds to thousands of dollars, depending on their condition.

12. 2004-D Peace Nickel

The 2004-D Peace nickel, a modern rarity, features a design that commemorates the 60th anniversary of the end of World War II. While it was not released as part of a special series, it is still a rare find due to its limited production. In excellent condition, it can fetch a few hundred dollars at auction.

How to Spot Valuable Nickels in Circulation

So, how do you go about finding these rare nickels? Here are a few tips to help you:

  • Check the Date: The year of the coin is often the first indicator of whether it could be valuable. Coins from certain years, such as 1939, 1942, or 1950, are more likely to be rare.
  • Look for Minting Errors: As mentioned, minting errors are one of the biggest factors that determine a coin’s value. Be on the lookout for doubled images, missing mintmarks, or unusual designs.
  • Examine the Condition: The better the condition of the coin, the more it could be worth. If a coin is worn or scratched, it’s less likely to fetch top dollar. Coins that are uncirculated or have minimal wear are much more valuable.
  • Consult with Experts: If you think you’ve found a rare nickel, it’s always a good idea to have it appraised by a professional. They can verify its authenticity and help you determine its market value.
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Conclusion

Although most American nickels are worth just five cents, there are a select few that can be worth thousands, even millions. Whether it’s due to minting errors, rare editions, or historical significance, these valuable nickels are sought after by collectors all over the world. By keeping an eye out for specific years, minting errors, and rare features, you just might come across a coin worth far more than face value. Happy hunting!

FAQs

What makes a nickel valuable?

A nickel can be valuable if it has minting errors, is from a rare year, or is in excellent condition. Some nickels also have unique features that make them sought after by collectors.

How do I know if I have a valuable nickel?

Check the year, mintmark, and condition of the coin. Look for minting errors or rare versions like the 1913 Liberty Head nickel or the 1939 Jefferson nickel.

Where can I sell valuable nickels?

You can sell valuable nickels to coin dealers, at auctions, or through online platforms like eBay.

What is the most valuable nickel?

The 1913 Liberty Head nickel is considered the most valuable nickel in existence, with some selling for over $4 million.

How much is a 1942-D over horizontal D nickel worth?

A 1942-D over horizontal D nickel can be worth around $2,000 or more, depending on its condition.

Can I still find rare nickels in circulation?

Yes, although it’s rare, valuable nickels can still be found in circulation. Keep an eye out for unusual features or errors.

How do I tell if a nickel has a doubled die error?

Look closely at the images on the coin. A doubled die error will cause the design to appear doubled, usually on the date or text.

How much is a 1950-D Jefferson nickel worth?

A 1950-D Jefferson nickel can be worth between $500 and $5,000, depending on its condition.

Why are some nickels made of silver?

Some nickels, such as the 1942-1945 War Nickels, were made of silver because nickel was needed for the war effort during World War II.

Can I get my valuable nickels appraised?

Yes, you can have your valuable nickels appraised by a professional numismatist or coin dealer to determine their market value.

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