Nickels, though modest in face value, have played a significant role in American numismatic history. Certain rare specimens have fetched staggering sums at auctions, captivating collectors and historians alike.
This article delves into the most historic nickels ever auctioned, highlighting their unique features, auction records, and the stories behind their immense value.
The 1913 Liberty Head Nickel
The 1913 Liberty Head Nickel stands as one of the most coveted coins in American history. Despite the U.S. Mint’s official records indicating no Liberty Head nickels were produced in 1913, five specimens mysteriously emerged, each with its own intriguing provenance.
| Specimen | Grade | Auction Record | Date | Notable Details |
|---|---|---|---|---|
| Eliasberg | PR66 | $4,560,000 | Aug 2018 | Finest known example, part of the Eliasberg Collection. |
| Olsen | PR64 | $3,737,500 | Jan 2010 | Featured in a 1973 episode of “Hawaii Five-O.” |
| Walton | PR63 | $3,172,500 | Apr 2013 | Rediscovered after being thought lost for decades. |
The 1918/7-D Buffalo Nickel
The 1918/7-D Buffalo Nickel is renowned for its overdate error, where the digit ‘8’ was stamped over a ‘7’. This minting anomaly has made it a prized possession among collectors.
| Grade | Auction Record | Date | Notable Details |
|---|---|---|---|
| MS64 | $264,500 | Jan 2010 | One of the finest known examples of this overdate error. |
The 1937-D Three-Legged Buffalo Nickel
A result of over-polishing the die, the 1937-D Three-Legged Buffalo Nickel features a buffalo missing one of its front legs. This error has elevated its status among numismatists.
| Grade | Auction Record | Date | Notable Details |
|---|---|---|---|
| MS66 | $99,875 | 2021 | Approximately 10,000 of these error coins are believed to exist. |
The 1880 Shield Nickel
With a mintage of only 16,000, the 1880 Shield Nickel is one of the rarest in its series. Its scarcity and historical significance have made it a valuable collector’s item.
| Grade | Auction Record | Date | Notable Details |
|---|---|---|---|
| MS66 | $170,375 | 2014 | One of the most expensive nickels ever sold on eBay at $175,000. |
The 1920-D Buffalo Nickel
The 1920-D Buffalo Nickel is scarce in circulated grades and extremely rare in mint state. A gem example graded MS67 sold for a record $138,000 at auction.
| Grade | Auction Record | Date | Notable Details |
|---|---|---|---|
| MS67 | $138,000 | 2022 | Noted for its pristine condition and sharp details. |
The allure of these historic nickels lies not only in their monetary value but also in the rich stories they tell about America’s numismatic past. From minting errors to unauthorized productions, each coin offers a glimpse into the complexities and intrigues of coin production.
For collectors and enthusiasts, these nickels represent the pinnacle of numismatic achievement and continue to captivate the imagination of many.
FAQs
1. What Makes the 1913 Liberty Head Nickel So Valuable?
Its unauthorized minting and the existence of only five known specimens contribute to its immense value.
2. How Can I Identify a 1918/7-D Buffalo Nickel?
Look for the overdate error where the ‘8’ is stamped over a ‘7’, visible under magnification.
3. Why Is the 1937-D Three-Legged Buffalo Nickel Considered an Error Coin?
Due to excessive die polishing, the buffalo’s front leg is missing, making it a notable minting error.
4. What Factors Determine the Value of Rare Nickels?
Rarity, condition (grade), historical significance, and unique features like minting errors influence a nickel’s value.
5. Are There Other Valuable Nickels Collectors Should Be Aware Of?
Yes, nickels like the 1880 Shield Nickel and the 1920-D Buffalo Nickel are also highly sought after due to their rarity and unique characteristics.
