Have you ever looked closely at your spare change? You might have a nickel that’s worth a lot more than just five cents! Specifically, if you have a 1985 nickel, it could be worth several thousand dollars. This is especially true if it has a small “P” on it, which indicates it was minted in Philadelphia.
In January, a special 1985 nickel sold for an incredible $9,066 at auction. Let’s explore what makes this coin so valuable and how you can tell if you have one.
What Makes the 1985 Nickel Valuable?
Rarity and Minting Location
The nickel you want to look for is from 1985 with a “P” mint mark. This small letter shows that it was made in Philadelphia. Coins from this year are rare, especially in excellent condition.
Grading and Condition
Coins are graded on a scale from 1 to 70, with higher numbers indicating better condition. The 1985 nickel sold for $9,066 was rated MS67+, which means it is almost perfect. It was even called the “sole finest” nickel from that year, meaning it’s the best one ever found.
Beautiful Colors
Experts noted that the coin has beautiful colors, including “greenish gold, champagne, and lilac-blue hues.” These colors come from how the coin was made and how it has aged over time.
Razor Sharp Details
Full Steps Grading
On the back of the nickel, there’s a picture of Thomas Jefferson’s home, Monticello. What makes this nickel even more special is the “razor sharp” steps leading to the house. The “Full Steps” grading means that five or six clear steps must be visible. The one that sold for $9,066 had perfect steps and was a proof strike.
What is a Proof Strike?
A proof coin is made differently than regular coins. The U.S. Mint treats proof coins to make them shinier and more detailed. They are struck at least twice with polished dies, making them look fantastic. This is different from regular business strikes that are used in everyday transactions.
Keep Searching for Rare Coins
If you’re excited about coin collecting, there are other nickels worth looking for. For instance, an 1879 nickel could be worth up to $84,000 if it has a “faint detail.” Even older nickels from 1867 can sell for $109,250 due to their “weak” quality. Some nickels from the 20th century, like the buffalo nickels from 1913 to 1938, can also be worth over $100,000!
| Year | Description | Potential Value |
|---|---|---|
| 1985 | MS67+ Full Steps Nickel | $9,066 |
| 1879 | Nickel with Faint Detail | Up to $84,000 |
| 1867 | Weak Quality Nickel | Up to $109,250 |
| 1913-1938 | Buffalo Nickel Variation | Over $100,000 |
Conclusion
In conclusion, check your coins carefully, especially if you have a nickel from 1985. Its unique characteristics like the mint mark, sharp details, and proof finish can make it very valuable. With some luck and a keen eye, you might find a rare coin worth thousands.
FAQ’s
How can I tell if my 1985 nickel is valuable?
Look for a small “P” mint mark on the bottom right corner of Thomas Jefferson’s portrait. Check its condition; coins rated MS67 or higher are the most valuable.
What does “Full Steps” mean for a nickel?
“Full Steps” means that five or six clear steps are visible on the back of the nickel. This detail greatly increases its value.
Can other nickels be worth a lot?
Yes! Some nickels from other years, like 1879 or 1867, can be worth thousands of dollars depending on their condition and details.