6.) Having said that, erosion can cause some of these same problems, so you need to know what is original and what isnt. 1916 Doubled Die Obverse Buffalo Nickel Auction Record - $281,750 By Bowers & Merena The 1916 DDO Buffalo Nickel is another great rarity in the series. The 1944 nickel, like all the others in the series, was struck at the Philadelphia, Denver, and San Francisco mints. As an Amazon Associate, we earn from qualifying purchases. In early 2018, it seems some of the Buffalo nickels were first struck with a 1917 die, then again with the proper 1918 one. Mint state silver nickels are a challenge to advanced collectors. The majority of nickels are worth between $0.05 and $1. Industrial production was primarily focused on producing war goods, and places of public entertainment were closing. The Jefferson coins have quite an interesting history, but more important is that these coins are worth more than face value. No matter what condition these coins are in, they tend to be valuable. Although 1962 Jefferson nickels are extremely common, the high number that were minted means the dies that created them became worn. In fact, the most valuable Jefferson nickels are worth thousands of dollars. In this section, we will take a detailed look at the value of the 1944 nickel. The reason copper factors into the value of a nickel is because a standard Jefferson five-cent coin isnt made from just nickel. In truth, when a A worker at the mint created this die variety when he tried to repair the surface of a coin die by polishing it to remove some imperfections. However, collectors at the time were aware of the low mintage and immediately began hoarding the coins and storing them carefully to preserve their condition. Transform vintage shutters into stunning decor for your home with these easy and creative ideas. There are about 7,000 of these coins still in existence today, with around 6,900 of them in circulation. This error occurs when the coin and die are misaligned on the hub. These are usually the most expensive nickels you can find. Sold: July 2008; Heritage Auctions, Baltimore, MD (ANA) US Coin Signature Auction. Nothing is more eye-catching to a coin collector than seeing a Proof coin. 2023 LoveToKnow Media. If you were smart you'd trade that nickel in for 5 pennies. The doubled die error is popular among collectors. 3.) It took years before a numismatist discovered these coins in circulation. You can identify these coins by the large P appearing on the reverse at the top of the Monticello mansion. One does not need a magnifying glass or microscope to see the dramatic doubling on the last two digits of the year on the obverse of the coin. This has made them nickels worth money and the ones in premium condition are valued at around $3,800 today. Conventional wisdom guides many coin collectors and bullion stackers into looking for and saving only silver coins: But those silver half dollars and silver dollar coins are pretty tough to locate anywhere outside the shop of a coin dealer these days. Millions of the 1944 Jefferson nickels are still in circulation, and this coin can be ranked low on the rarity scale. NEVER judge a book by its cover, or a coin by its face value. WebYes, silver nickels are worth money. An example of data being processed may be a unique identifier stored in a cookie. Still, old nickels are definitely worth holding onto, given their collectible value and, in some cases, rarity. These include: Lets now look at the value of each of these nickels. It's worth looking closely at 1964-D nickels just in case, since one in beautiful condition sold for $19,800 in 2022. For the first year issue of this coin, it's very difficult to find a full steps version in near mint condition. From the beginning, the odds were against any large number of these coins being saved in uncirculated condition. Here are the most valuable 1944 nickel errors you should look out for: As the name suggests, a repunched mintmark error occurs when the mintmark is struck more than once or punched at the wrong angle. As it would turn out, human error reared its ugly head in this process and these 1942 nickels are the result. This post may contain affiliate links. But at the San Francisco Mint, just 970,000 1926 nickels were made, and just 11,000 still exist today, according to PCGS. So, the news about nickels being worth more than face value. At Luxe Digital, we independently research, review, and recommend products we love and that we think you will love, too. The Jefferson nickel from 1944 comprises 56% copper, 35% silver, and 9% manganese. Only about 19 with this finish exist, probably part of an unofficial mint set. Its what allows us the ability to trade our work for things we need. The most valuable nickels include the 1913 Liberty Head V nickel worth $5.26 million, the 1964 Jefferson nickel with mirror brockage which reportedly sold for $1.15 million, and the 1918/7-D Buffalo nickel doubled die obverse worth $504,164. The face value isnt always telling the truth anymore. They mostly entered circulation, but one near mint condition example fetched $14,950 at auction in 2010. In uncirculated condition, the coin can fetch up to $700. One showing the complete steps sold at auction in 2015 for $16,450. Rarity is a crucial factor in collectibles of all sorts, and with the Buffalo nickels, that is hard to come by. Oh, and be careful about melting your pennies or nickels at home. I primarily collect and study U.S. coins produced during the 20th century. The melt value of a $100 box of nickels from 1946-2014 was $75.86 on June 26, 2019. Generally speaking, coins that appear more worn will be worth less than coins that are in better condition. The top of the number is flat instead of rounded, and the middle appears thicker than it should. Heresa list of the nickels you should be looking for. The war nickels have the same design as the pre-war Jefferson nickels. A small number of nickels produced in Denver in 1918 contain an error that the US Mint tried to hide. In other words, a Good condition coin will be worth less than an Extremely Fine or Uncirculated one. The Sunrevealedthe most valuable coins minted since 2020. A 1979 Susan B. Anthony over a 1978 nickel sold at auction in 2014 for $15,275. 1940 Jefferson nickels are rare, so they tend to be valuable because of that. Buyers must be extremely cautious when purchasing these coins because unscrupulous people have shaved off the front leg on a regular 1937-D Buffalo nickel. 1927 S Buffalo Nickel - Worth $5,000. Learn more about how we curate the best products for you. If youre a sucker for three-legged animals, then this nickel is sure to be a sight for sore eyes. If you want to know some valuable nickels to look out for, add this one to your list. Step 3: Special Qualities - Collectors support the value to old coins. The San Francisco mint struck 21,640,000 Jefferson nickels in 1944. This shows up especially well in the word "MONTICELLO" and in "FIVE CENTS." Lets now look at some common questions regarding the 1944 nickel. In 2018, one sold for $4,560,000, or $5,250,100 in 2022 dollars. WebFound only in collector proof sets, the 1971 no S Jefferson nickel is considered a holy grail among those who collect modern nickels. Errors dont happen too often at places where currency and coins are created, so this has become a collectors item and the 1937 versions even more. This nickel wouldnt win contests for drawing within the Iines, but thats what makes it so special. There are only 24 known examples with full steps, and one sold in 2019 for $24,000. Prime examples are some of the most expensive nickels around. Because of misaligned die strikes, the letters, numbers, and images on some coins look as if they were stamped on twice in slightly different spots. Also known as the Indian Head nickel, the Buffalo nickel had been in circulation for twenty-five years, and it was time for a new coin. In excellent condition, these are valued at around $7,100 today. If you look closely at the year stamped onto the front of the coin, you may notice that the "8" in 1918 looks somewhat distorted. But, a nickel from the same year in which at least 50% of the design is missing but the date is fully visible, is worth $100 or more. That happened in 1940 when the 1938 die was used for a few nickels. Rob Paulsen Coin 1944 Nickel Value (Rare Errors, D, S & P Mint Marks). In one rare case, the owner of a 1964 nickel with a mirror brockage was able to obtain $1.15 million in an eBay sale. With a mintage of 1,437,000 coins, many of them have survived and are available to collectors today. Currently, there are no know strong doubled die 1944 nickel errors. It is not known why the United States Mint made only five coins. The consent submitted will only be used for data processing originating from this website. The coin, which features a portrait of Thomas Jefferson on the front, became the official nickel design in 1938. Therefore, uncirculated examples in pristine condition are few and far between. The rarity of this nickel is all based on its condition. Stick to collecting U.S. nickels, not melting them!Time to Start Hoarding Nickels? You can identify these coins by the large D mark at the top of the dome on Monticello. The motto IN GOD WE TRUST is inscribed around the coins left edge, while the word LIBERTY and the date, 1944, appear around the coins right edge. The detail in the Buffalo's horn is evidence of a quality strike. Even silver wartime Jefferson nickels look nearly identical to regular nickels, except for one distinguishing mark that Ill tell you about in just a bit. Find Out If You Have Any. The die used for many of the 1919-S Buffalo Nickels that came out of the San Francisco mint had a sloppy appearance and were struck poorly. It is a rare case when nickels worth millions come across the auction block, but you can be certain that if it happens again, a lot of money is sure to change hands for something that was once worth just 5 cents. Copper and Nickel Prices SOARING! This mistake at the mint has turned into one of the most highly sought-after nickels worth millions. This error happens when the coins design is impressed two times on the die. 1940 Jefferson nickel $1,314 This means that every box of nickels costs the U.S. Mint $75.86 in metals alone. Real Helpful. While there are a lot of different nickels on this list, one thing is clear. 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