If you’ve ever found an old nickel in your change and thought it might be worth something… you could be right. Some rare nickels have sold for hundreds of thousands—and even millions—at auction. It all comes down to the coin’s condition, how it was made, and the tiny details that make it unique.
Let’s break down the stories behind 4 jaw-dropping Rare Nickels that sold for a combined fortune.
1. The 1938 Jefferson Nickel (Denver Mint)
Sold for: $33,600
Auctioned in: July 2022
The Jefferson Nickel debuted in 1938, and this specific version—made in Denver—is a superstar. Why?
- Mint State 68+ Grading: This means the coin is nearly perfect. It has barely any flaws, if any at all.
- Full Steps Design: Collectors go crazy for the sharp, detailed steps on Monticello (on the reverse side). It’s a sign of excellent striking.
- Super Rare Grade: It’s the only one of its kind with MS68+ Full Steps certified by PCGS.
Fun Fact: Only 8 others have reached MS68—and none better.
2. The Complete Proof Shield Nickel Set
Sold for: $176,250
Auctioned in: August 2012
This wasn’t just one coin—it was a set of 20 Shield nickels from the Law Collection. And yes, it was worth every penny (and then some).
- Proof Coins: These are made especially for collectors. They’re struck with polished dies and have a stunning, mirror-like finish.
- Top Grades: Most of the coins in this set were graded PR65 to PR67, which means they’re in superb condition.
- Rare Coins Included: Like the 1867 “Rays” issue, which is a real gem.
- Cameo Appeal: Many of these coins have that eye-catching frosted look against shiny backgrounds—a bonus for collectors.
3. The 1918/7-D Buffalo Nickel
Sold for: $264,500
Auctioned in: January 2010
Now here’s a nickel with a twist—literally.
- Overdate Error: On this coin, the “8” in 1918 was stamped over a “7.” This happened due to a rushed minting process during a coin shortage.
- Rare and Valuable: Only around 100,000 were made with this mistake, and very few are in good condition.
- High Grade: This one scored an MS65 from PCGS, making it an ultra-valuable piece.
Why the rush? In 1917–1918, the U.S. needed more small coins fast, leading to errors like this.
4. The 1913 Liberty Head Nickel (Olsen Specimen)
Sold for: Over $3.7 million
Auctioned in: January 2010
This coin is the true king. Known as “The Mona Lisa of Rare Coins,” the 1913 Liberty Head nickel is legendary.
- Only 5 Exist: Just five of these coins were ever made, and all are accounted for.
- Olsen Specimen: This particular coin is the second-best known and one of the most iconic coins in U.S. history.
- Nickname Worthy: It’s often called the “King of 20th Century Coins,” and it lives up to the hype.
Insider Info: These coins were never officially authorized for release, adding to their mystery and appeal.
Bonus Insight: Keep an Eye on These!
- Lincoln Pennies: Some rare ones are worth up to $840,000.
- Nickel Date Errors: A small mistake on the date could turn your coin into a $138,000 prize.
The Bottom Line
Sometimes, it’s not about the coin’s age—it’s about the details. Strikes, minting errors, high grades, and unique features like “Full Steps” or cameo finishes can launch a coin’s value into the stratosphere. So before you toss that Rare Nickels back in the jar, take a second look. It might just be worth a fortune.
FAQs
1. What makes Rare Nickels valuable to collectors?
Condition, rarity, minting errors, and sharp detail (like Full Steps) can make a nickel worth big money.
2. How rare is the 1913 Liberty Head nickel?
Only five exist, and they’re considered some of the most famous coins in U.S. history.
3. Can modern nickels be worth anything?
Yes! Look for rare dates, errors, and coins in mint condition—they could be worth thousands.
