Coin collecting can be a casual pastime or a serious investment, sometimes offering impressive financial returns. While most coins found in everyday transactions hold only their face value—or occasionally more due to metal content like silver in war nickels minted from 1942 to 1945, as noted by Gainesville Coins—certain rare nickels from history can command exceptionally high prices.
The Most Valuable U.S. Nickel Ever Made
Luxe Digital identifies the rarest and most valuable U.S. nickel ever minted, with only five known specimens in existence. Among these, three are privately owned collectors’ items. In 2018, a specimen graded PR66 sold for $4.56 million, and another graded PR63 fetched $4.2 million in 2022, according to USA Today.
The difference in prices likely reflects coin condition and the volatility typical of high-end coin auctions, even considering inflation.
The 1918/7-D Buffalo Nickel Doubled Die Obverse
Although finding this coin in circulation is unlikely, the 1918/7-D Buffalo nickel error is a fascinating rarity. Originally struck with a 1917 date, it was re-struck with 1918, leaving the “7” partially visible beneath. Luxe Digital reports that one well-preserved example sold for $350,750 in 2006, which would be about $549,202 when adjusted to 2024 values.
The Rare 1926-S Buffalo Nickel
The “S” on this Buffalo nickel indicates it was minted in San Francisco, where only 970,000 were produced—a much smaller number compared to other mints that produced millions. Mint condition coins from this batch can be quite valuable.
The Professional Coin Grading Service (PCGS) notes that a specimen graded MS66 by Numismatic Guaranty Corporation (NGC) was sold in 2008 at a Bowers and Merena auction for $322,000, equivalent to approximately $472,096 in today’s money.
The 1867 Shield Nickel With Rays (Proof)
The 1867 Shield nickel is a key collectible, especially those featuring rays around the numeral 5 on the reverse. These rays were officially removed before the coin’s release, but some examples escaped the change, making them highly valuable. PCGS reports that an NGC-graded PR66 version sold for $132,250 at Heritage Auctions in 2004, translating to about $220,998 in current value.
Other Modern and More Common Nickels to Watch For
While most valuable nickels are older and rarer, some modern nickels are worth noting. For instance, silver war nickels are collectible due to their silver content. Shield nickels generally start around $16 in value, according to The Spruce Crafts, making them more accessible for collectors on a budget.
FAQs
What makes the 1918/7-D Buffalo nickel valuable?
Its doubled die error, showing a faint “7” beneath the “8,” makes it a rare collectible worth thousands.
How rare is the most valuable U.S. nickel?
Only five exist, with three privately owned, making it extremely rare and highly valuable.
Why are silver war nickels more valuable than regular nickels?
They contain silver, which gives them intrinsic metal value beyond their face value.
What is the starting value of a shield nickel?
Shield nickels typically start around $16, depending on condition and rarity.
