Nickels are often overlooked in coin collecting, but a few rare examples have transformed these five-cent coins into million-dollar treasures. Due to minting errors, limited production, or historical intrigue, these rare nickels are now valued at a combined total of over $250 million. Whether you’re a seasoned numismatist or a curious beginner, these coins are worth knowing about—and keeping an eye out for.
1. 1913 Liberty Head Nickel – Worth Up to $5 Million Each
Estimated Value: $3 million–$5 million
Known to Exist: Only 5
The 1913 Liberty Head Nickel is one of the most iconic and mysterious coins in American history. Official records indicate that no Liberty nickels were supposed to be minted in 1913, as the design had been replaced by the Buffalo nickel. However, five unauthorized coins were somehow struck at the Philadelphia Mint.
These coins surfaced in the 1920s and quickly became legendary. One famously appeared on the TV show “Hawaii Five-O,” and another sold privately for $4.5 million. Each of the five is now considered a national treasure, with collectors willing to pay millions for ownership.
2. 1867 Shield Nickel with Rays – A 19th Century Rarity
Estimated Value: $100,000–$200,000 (in mint condition)
Known to Exist: Rare in uncirculated grades
This early nickel featured rays around the shield on the reverse—added to represent strength. However, the design proved difficult to mint clearly, and the rays were quickly removed. As a result, the “with rays” variety from 1867 is especially rare, particularly in high grades.
One of the first five-cent coins made with a copper-nickel alloy, this piece represents a turning point in U.S. coinage history. Mint-condition examples have sold for nearly $200,000.
3. 1918/7-D Buffalo Nickel – A Famous Overdate Error
Estimated Value: $50,000–$350,000
Known to Exist: Under 10,000 in all grades
The 1918/7-D Buffalo Nickel is among the most well-known overdate errors in American coinage. A 1917 die was mistakenly repunched with an 8, creating a clear visual overlap of the two dates. Minted in Denver, the coin entered circulation unnoticed and most were heavily worn down before discovery.
Today, high-grade examples are exceedingly rare, with mint-state coins selling for as much as $350,000. This error’s visibility and collectability make it one of the most desirable coins in the Buffalo nickel series.
4. 1880 Shield Nickel – Proof-Only Prestige
Estimated Value: $25,000–$200,000
Known to Exist: 16–20 confirmed
The 1880 Shield Nickel is unique because it was never released for circulation. Only a small number of proof coins were minted for collectors, making this an ultra-rarity. With fewer than two dozen known examples, this coin holds a legendary status among numismatists.
Rarely seen at auction, this coin can fetch well over $100,000 depending on condition and provenance. Its exclusivity and uncertain mintage make it a prized piece for elite collectors.
5. 1942-D Over Horizontal D Jefferson Nickel – A Modern Marvel
Estimated Value: $10,000–$75,000
Known to Exist: Under 100 in high grades
One of the most fascinating minting errors of the 20th century, the 1942-D Jefferson Nickel features a repunched mintmark. A horizontal “D” was mistakenly stamped, then corrected with a vertical one, creating a visible double “D” under magnification.
This error occurred during a significant time in U.S. coin history, as the Mint transitioned to wartime alloys. Mint-state specimens are highly valued, with top-graded examples selling for over $70,000.
Why Are These Nickels So Valuable?
• Rarity
Many of these coins are limited to just a handful of surviving examples, making them incredibly rare and desirable.
• Condition
Coins in mint-state or proof condition fetch significantly higher prices than circulated examples.
• Historical Importance
Each coin tells a story—whether it’s a minting mistake, a short-lived design, or an unauthorized issue.
How to Spot a Rare Nickel
While finding one of these nickels in your pocket change is rare, it’s not impossible. Here are a few tips:
- Look closely at the date and mint mark—use a magnifying glass for details.
- Research known errors like overdates and repunched mint marks.
- Check for unusually crisp detail or signs of being uncirculated.
If you suspect you have a valuable coin, don’t clean it. Instead, get it authenticated by a professional service like PCGS or NGC.
Final Thoughts: Million-Dollar Nickels
Nickels might be small in size and value—but not always. The rarest examples have fetched millions and are considered true masterpieces of American numismatics. If you ever come across an old nickel, it might be worth a second look—it could be your ticket to a small fortune.