5 Nickel Errors You Should Know About That Could Be Worth a Fortune

Nickels are a common part of everyday currency, but certain rare errors can transform these five-cent pieces into valuable collector’s items.

Identifying these unique minting mistakes can lead to significant financial rewards. In this article, we’ll explore five notable nickel errors that could be worth a fortune.

1. 1918/7-D Buffalo Nickel Overdate

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The 1918/7-D Buffalo Nickel is a classic example of an overdate error, where a 1917 die was repunched with the 1918 date at the Denver Mint. This resulted in a visible “7” beneath the “8” in the date.

This error occurred during a period of high demand for coinage, leading to the reuse of older dies. Collectors highly prize this coin due to its scarcity and historical significance. High-grade specimens have fetched substantial sums at auctions.

2. 1937-D “Three-Legged” Buffalo Nickel

One of the most famous minting errors, the 1937-D Buffalo Nickel from the Denver Mint is missing the front right leg of the buffalo.

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This error resulted from over-polishing of the die to remove clash marks, inadvertently erasing the leg. Collectors highly prize this coin, with high-grade specimens fetching significant amounts at auctions.

3. 1935 Doubled Die Reverse Buffalo Nickel

In 1935, a notable doubled die error appeared on the reverse of some Buffalo Nickels. This doubling is most evident around the motto “E PLURIBUS UNUM” and the words “FIVE CENTS.”

The 1935 Doubled Die Reverse Buffalo Nickel is a favorite among collectors, with higher-grade specimens achieving substantial sums at auctions.

4. 1964 SMS (Special Mint Set) Jefferson Nickel

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The 1964 Special Mint Set Jefferson Nickel is shrouded in mystery, as the U.S. Mint did not officially release an SMS that year. However, a few 1964 nickels with special striking characteristics have surfaced, believed to be part of experimental sets.

These coins exhibit a satin finish and sharp details, distinguishing them from regular issues. Their rarity and unique features make them highly desirable among collectors.

5. 2005-D “Speared Bison” Jefferson Nickel

In 2005, the U.S. Mint released a series of nickels featuring new designs, including the American Bison. Some of these coins from the Denver Mint exhibit a die gouge running through the bison’s back, giving the appearance of a “speared” bison. This dramatic error has garnered attention from collectors, with well-preserved examples fetching premiums.

Summary of Notable Nickel Errors

*Values can vary based on condition and market demand.

Discovering a rare nickel error can be both exciting and financially rewarding. Whether you’re a seasoned collector or new to numismatics, keeping an eye out for these unique coins can pay off. Always consult with a reputable coin dealer or grading service to authenticate and appraise potential finds.

FAQs

What is an overdate error on a coin?

An overdate error occurs when a coin die from a previous year is repurposed and stamped with a new date, resulting in remnants of the old date being visible beneath the new one.

How can I identify a “Three-Legged” Buffalo Nickel?

Examine the buffalo’s front legs on the coin’s reverse side. In the “Three-Legged” error, the front right leg is missing due to die over-polishing.

What causes a doubled die error on a coin?

A doubled die error occurs when the coin die is improperly manufactured, resulting in a design that is stamped twice in slightly different positions, creating a doubled appearance on the coin.