Four Rare Nickels That Could Fetch You $3.7 Million – Are They in Your Collection?

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Coin collecting can be a lucrative and fascinating hobby, especially when it comes to rare and valuable nickels. These coins can fetch thousands—even millions—at auctions, as evidenced by four extraordinary examples sold through Heritage Auctions. Here’s a deep dive into these iconic nickels and what makes them so valuable.

1. Jefferson Nickel – $33,600

  • Year and Mint Mark: 1938 Jefferson Nickel, Denver mint.
  • Auction Price: Sold for $33,600 in July 2022.
  • Features:
    • Portrait and Design: Thomas Jefferson on the obverse and Monticello on the reverse.
    • Grade: Mint State 68+ (MS68+) on the PCGS scale, indicating near-perfect condition.
    • Unique Full Steps Design: Well-defined steps of Monticello, a feature highly prized by collectors.
    • Rarity: The only MS68+ Full Steps graded by PCGS, with just eight coins graded as MS68.

The 1938-D Jefferson Nickel represents the first year of production for this series, making it a historical and highly sought-after piece.

2. Shield Nickel Collection – $176,250

  • Auction Price: The Complete Proof Shield Nickel Registry Set sold for $176,250 in August 2012.
  • What’s Included:
    • A set of 20 coins from the Shield Nickel series.
    • High grading by PCGS, with most coins graded PR65 to PR67.
    • Proof (PR) designation indicates coins with superior minting quality, specifically made for collectors.

Special Features:

  • Rare proof issues like the 1867 Rays coin.
  • Cameo and Deep Cameo designations, showcasing the high contrast between mirrored and frosted areas, enhancing visual appeal.

This collection stands out for its historical significance and remarkable condition, making it a treasure for any numismatist.

3. Buffalo Nickel – $264,500

  • Year and Mint Mark: 1918/7 Buffalo Nickel, Denver mint.
  • Auction Price: Sold for $264,500 in January 2010.
  • Features:
    • Overdate Error: The number eight is printed over the number seven due to a hubbing error.
    • Historical Context: Produced during a shortage of small denomination coins in 1917–1918.
    • Condition: Graded MS65 by PCGS, signifying its pristine state.

The overdate error and limited number of surviving high-grade specimens make this coin exceptionally rare and desirable.

4. Liberty Head Nickel – $3.7 Million

  • Year: 1913 Liberty Head Nickel.
  • Auction Price: Sold for over $3.7 million in January 2010.
  • Features:
    • Rarity: Only five examples of the 1913 Liberty Head nickel exist.
    • Grade: Proof 64 (PR64) by NGC, with sharp details and minimal wear.
    • Historical Owners: Formerly owned by Egyptian King Farouk and NBA team owner Dr. Jerry Buss.

Dubbed “The Mona Lisa of Rare Coins,” this nickel is celebrated as the second-finest of the five known examples. Its storied history and unparalleled rarity have cemented its place as one of the most valuable coins in numismatic history.

Key Takeaways for Coin Collectors

  1. Focus on Quality: High grading, such as Mint State (MS) or Proof (PR), significantly increases a coin’s value.
  2. Look for Unique Features: Errors, such as overdates or rare design elements like Full Steps, are highly prized.
  3. Understand Historical Context: Coins tied to unique events or production challenges often fetch higher prices.
  4. Research Ownership History: A coin with a fascinating provenance can command premium value.

Whether you’re a seasoned collector or a curious beginner, understanding the unique attributes that make these nickels valuable can enhance your appreciation for the art and history of numismatics. Who knows? The next rare coin you come across might just be a hidden treasure.

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