Nickels, the five-cent coins of the United States, are often overlooked in the world of numismatics (the study and collection of coins). However, some nickels have become highly valuable over time due to their rarity, historical significance, and unique features.
In this article, we will take a closer look at some of the rarest and most valuable U.S. nickels, which are sought after by collectors and can fetch millions of dollars in auctions.
1913 Liberty Head V Nickel
Among the rarest of all U.S. nickels is the 1913 Liberty Head V Nickel. It is considered the most valuable nickel in the United States, with only five known copies in existence.
This coin was not officially released by the U.S. Mint, and the ones that exist today were struck in secret by an unknown person. The 1913 Liberty Head V Nickel is extremely rare, and only three of these coins are in private hands.
In 2018, one of these nickels, graded PR66, was sold for a staggering $4.56 million. Another coin of lower grade, PR63, sold for $4.2 million in 2022. These prices highlight how valuable these rare nickels can be, and their value is mainly driven by their rarity and condition. If you happen to find one of these coins, you could be looking at a life-changing amount of money.
1918/7-D Buffalo Nickel with a Doubled Die Obverse
Next on our list is the 1918/7-D Buffalo Nickel, which features an error known as a “doubled die obverse.” This error occurred when a 1917 coin was struck again with a 1918 die, leaving the “7” from the original 1917 strike visible underneath the new 1918 date. This rare mistake makes the 1918/7-D Buffalo Nickel highly valuable among collectors.
In 2006, one of these coins was sold for $350,750, which would be equivalent to around $549,202 in 2024 due to inflation. Finding such a coin is incredibly unlikely, but for those who are lucky enough to have one, it can be a highly profitable find.
1926-S Buffalo Nickel
The 1926-S Buffalo Nickel is another valuable coin, specifically because of its low mintage. Only 970,000 of these coins were produced at the San Francisco Mint, while other mints produced millions. As a result, the 1926-S Buffalo Nickel is highly sought after by collectors.
One example of this coin, graded MS66, sold for $322,000 in 2008, which is equivalent to approximately $472,096 today. Coins in excellent condition fetch even higher prices, making this nickel a prized possession for collectors of rare U.S. coins.
1867 Shield Nickel Featuring Rays (Proof)
The 1867 Shield Nickel is another rare coin, especially the version featuring rays. Shield nickels were produced between 1866 and 1883, but in 1867, some coins were mistakenly released with rays surrounding the numeral 5 on the reverse side. These coins were supposed to have the rays removed, but a few managed to survive with the rays still visible, making them highly collectible today.
In 2004, an example of this 1867 Shield Nickel with rays sold for $132,250, which would be equivalent to $220,998 in today’s money. If you come across one of these rare nickels, it could be worth a significant amount, especially if it is in good condition.
Other Rare and Valuable Nickels
In addition to the rare coins mentioned above, there are other nickels that are worth more than the average coin. For example, the silver war nickels minted during World War II are also valuable, especially in good condition. These coins can be worth upwards of $16, depending on their grade and rarity.
Additionally, shield nickels, particularly the earlier editions, can be worth quite a bit as well, depending on their year of issue and condition. Although these coins may not be as valuable as the 1913 Liberty Head or the 1918/7-D Buffalo Nickel, they are still sought after by numismatic collectors and can provide a nice return on investment.
The Walton Nickel and Its Fascinating Story
One of the most famous 1913 Liberty Head V Nickels is the Walton Nickel, named after one of its former owners. This coin was found in 1962 after a tragic car accident and remained hidden in an heir’s closet for over 40 years before being rediscovered in 2003.
In 2022, the Walton Nickel was sold for $4.2 million, making it one of the most expensive coins ever sold. The Walton Nickel’s fascinating backstory only adds to its allure, and it serves as a reminder of how rare and valuable some of these coins can become over time.
Conclusion
While most nickels in circulation are worth only five cents, there are a select few that are incredibly rare and valuable. The 1913 Liberty Head V Nickel, 1918/7-D Buffalo Nickel, 1926-S Buffalo Nickel, and 1867 Shield Nickel with rays are just a few examples of coins that can fetch millions of dollars at auction.
Whether you’re a collector or simply curious about the world of rare coins, these nickels highlight how valuable American currency can be when it is rare, historic, and in excellent condition.
If you come across any of these rare nickels, make sure to get them evaluated by a professional, as they could be worth far more than their face value. Collecting rare coins can be a rewarding hobby, and these coins are proof that history can be worth a lot more than you might expect.
This article has been carefully fact-checked by our editorial team to ensure accuracy and eliminate any misleading information. We are committed to maintaining the highest standards of integrity in our content.
Filza specializes in simplifying financial topics for everyday readers. Whether breaking down Canada’s tax guides or U.S. benefits like SNAP and VA Disability, Filza’s relatable writing style ensures readers feel confident and informed. Follow her insights on LinkedIn or reach out via email at shewrites.health@gmail.com.
