Nickel coins have been a staple of American currency since the 19th century, and over the years, several nickel errors have become highly sought after by collectors.
These errors often occur during the minting process and can include misstrikes, incorrect planchets, or overdates.
Here, we explore some of the most valuable nickel errors, detailing their unique characteristics and the market value they command.
1. 1918/7-D Buffalo Nickel Doubled Die Obverse
The 1918/7-D Buffalo nickel is a renowned error coin resulting from an overdate error, where the die from 1917 was reused, creating a noticeable overlap of the dates 1918 and 1917. This error was not discovered until the 1930s, making it highly rare and valuable. An example graded MS65 sold for $350,750, highlighting its desirability among collectors.
2. 1939-P Jefferson Nickel Doubled Die Reverse
This error features significant doubling on the reverse side, specifically around “MONTICELLO” and “FIVE CENTS.” Approximately 1,000 of these coins exist, mostly in circulated conditions. However, coins in mint state with full steps can fetch up to $23,500.
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3. 1971-S No Mint Mark Jefferson Nickel DCAM
This error occurs when proof nickels minted in San Francisco were struck without the “S” mint mark. The deep cameo (DCAM) versions are particularly rare, with fewer than 50 known examples. These can sell for as much as $8,100, reflecting their scarcity and collector interest.
4. 1880 Shield Nickel
The 1880 Shield Nickel is the scarcest of its series due to its low mintage and poor strike quality. Fewer than two dozen authenticated specimens exist, and a mint state example sold for $188,195 at auction.
5. 1946-D Jefferson D Over D Nickel
This error features a repunched mint mark, where the letter “D” was struck over an upside-down “D.” High-grade examples with full steps can be valued at $3,000.
6. 1942-D Over Horizontal D Jefferson Nickel
This variety features a “D” mint mark punched over a horizontal “D,” a result of manual minting errors. Examples in uncirculated condition are scarce, with some fetching up to $15,275.
7. 1936-D Buffalo Nickel Three and a Half Legs
This error occurs when part of the die was inadvertently polished away, resulting in a buffalo with only three and a half legs on the reverse. This unique error makes the coin highly collectible, with pristine examples selling for $22,400.
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8. 1937-D Buffalo Nickel Three Legs
Similar to the 1936-D error, the 1937-D Buffalo nickel features a buffalo with one missing leg. This error resulted from die polishing and is highly sought after. In top condition, these coins have sold for up to $107,500.
9. 1955-D/S Jefferson Nickel
This coin displays an error where the “D” mint mark from Denver was punched over an “S” from San Francisco. Known as a re-punched mint mark, this error coin can be valued up to $4,500 in mint state.
10. 1935 Buffalo Nickel Doubled Die Reverse
The 1935 Buffalo nickel features a rare doubled die on the reverse, with noticeable doubling on the “FIVE CENTS” inscription. This error makes the coin extremely valuable, with auction records reaching $104,650.
11. 1954-S Jefferson Nickel Over D
This Jefferson nickel error features the “S” mint mark over a “D,” creating a distinct overlap. In uncirculated condition, these coins can sell for up to $150.
12. 1949-D/S Jefferson Nickel
The 1949-D/S error occurs when a “D” mint mark was struck over an “S.” These coins are rare, with values ranging from $50 to $150, depending on their condition.
13. 1975-D High D Jefferson Nickel
This error is characterized by a misaligned “D” mint mark, which is positioned higher than normal. Such errors are uncommon, and these coins can be worth between $50 and $250.
14. 1955 Doubled Die Obverse Lincoln Cent
Although not a nickel, the 1955 Doubled Die Obverse Lincoln cent is a famous error coin and an example of doubled die errors. In mint state, this coin can sell for over $125,000, illustrating the significant value that error coins can achieve.
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Collecting and Valuing Error Nickels
Collecting error nickels can be both a fascinating and rewarding endeavor. The value of these coins often depends on their rarity, demand, and condition. Collectors should be aware of common error types such as doubled dies, repunched mint marks, and planchet errors.
As with any collectible, condition plays a crucial role in determining value, with mint-state coins often commanding the highest prices.
Error nickels offer a glimpse into the history and intricacies of coin minting. They serve as a testament to the imperfections in the minting process and the human element behind coin production.
As numismatics continues to grow in popularity, the interest in error coins remains strong, with collectors constantly seeking these unique and valuable pieces of history.
Conclusion
For those interested in exploring the world of error coins, resources such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) offer valuable insights into coin grading and authentication.
Collectors are encouraged to seek out professional appraisals to determine the true value of their error nickels and ensure they are investing wisely in their collections.