Have you ever examined your excess change with a close eye? It is possible that you possess a nickel that is worth significantly more than five cents. In particular, a 1985 nickel may be worth several thousand dollars. This is particularly accurate if the coin bears a diminutive “P,” which signifies that it was produced in Philadelphia.
In the month of January, a unique 1985 nickel was sold at auction for an extraordinary $9,066. We will investigate the factors that render this coin so valuable and the methods by which you can determine whether you possess one.
What Makes the 1985 Nickel Valuable?
Rarity and Minting Location
The nickel you are seeking is from 1985 and bears a “P” mint mark. Philadelphia is indicated by the diminutive size of this letter. There is a scarcity of coins from this year, particularly those in exceptional condition.
Grading and Condition
Coins are classified on a scale of 1 to 70, with higher numbers indicating superior condition. The 1985 nickel, which was sold for $9,066, was classified as MS67+, indicating that it is nearly flawless. It was even referred to as the “sole finest” nickel from that year, indicating that it is the most exceptional specimen ever discovered.
Beautiful Colors
The coin’s “greenish gold, champagne, and lilac-blue hues” were observed by experts to be attractive. The coin’s pigments are a result of its manufacturing process and its subsequent aging.
Razor Sharp Details
Full Steps Grading
Monticello, the residence of Thomas Jefferson, is depicted on the reverse side of the nickel. The “razor sharp” steps leading to the home are what further distinguish this nickel. The “Full Steps” grading requires the visibility of five or six distinct steps. The item that sold for $9,066 was a proof strike and exhibited flawless movements.
What is a Proof Strike?
The production of a proof coin differs from that of a standard coin. Proof coins are treated by the U.S. Mint to enhance their detail and luster. They are struck with refined dies at least twice, resulting in an exceptional appearance. This is distinct from the standard business strikes that are employed in daily transactions.
Keep Searching for Rare Coins
If you are enthusiastic about coin collecting, there are additional nickels that are worth seeking out. For example, a nickel from 1879 that has a “faint detail” could be valued at up to $84,000. The “weak” quality of even older nickels from 1867 can result in a sale price of $109,250. However, certain nickels from the 20th century, such as the buffalo nickels from 1913 to 1938, can also be worth over $100,000.
Conclusion
In summary, it is crucial to meticulously inspect your coins, particularly if you possess a nickel from 1985. Its proof finish, precise details, and mint mark are distinctive qualities that can render it highly valuable. A rare coin valued at thousands may be discovered with a little serendipity and a keen eye.
FAQ’s
How can I tell if my 1985 nickel is valuable?
Search for a minuscule “P” mint mark in the lower right corner of Thomas Jefferson’s portrait. Assess its condition; coins that are rated MS67 or higher are the most valuable.
What does “Full Steps” mean for a nickel?
“Full Steps” denotes that the rear of the nickel is visible in five or six distinct steps. This particularity substantially augments its worth.
Can other nickels be worth a lot?
Yes! Depending on their condition and specifics, nickels from prior years, such as 1879 or 1867, may be worth thousands of dollars.