In case you own a collection of coins, or even just a couple of nickels saved somewhere, why not bring them out and examine them closely? Among the coins that are in high demand today, especially in the United States, is the 1967 Jefferson 5-cent coin, which can sell at an auction for about $3,500. Here’s what you need to learn about this particular coin and how to know if you already have one.
What makes the 1967 5-cent coin so special?
The 1967 Jefferson nickel is one of the most valuable coins of its time because of its rarity in high grades. Not all 1967 nickels are worth a fortune, but those graded as MS-67 – an exceptionally high-quality, mint-state condition – are the ones fetching big prices.
- Mint condition matters: Coins graded as MS-67 (Mint State 67) are rare and are almost flawless. These coins have no visible scratches, dents, or wear marks.
- Historical significance: The Jefferson nickel has a rich history, with designs dating back to 1938 when Felix Schlag’s depiction of Thomas Jefferson was chosen as the official design.
How can you tell if you have a valuable 1967 Nickel?
Not all 1967 nickels are worth thousands, but knowing what to look for can help you figure out if you’ve struck gold – or, in this case, nickel.
- No mint mark: The valuable 1967 nickel was minted at the Philadelphia Mint and lacks a mint mark (no “S” for San Francisco or “D” for Denver). Over 107 million of these were minted in Philadelphia.
- Check the condition: Only coins graded as MS-67 are valued at up to $3,500. Coins in lesser grades, such as MS-61 or MS-62, are worth between $2 and $3.
What is the grading system for the 1967 5-cent coin?
The value of your 1967 nickel depends largely on its condition. Here’s how much you could potentially receive for a 1967 nickel, based on its Professional Coin Grading Service (PCGS) grade:
- MS-61: Up to $2
- MS-62: Up to $3
- MS-63: Up to $6
- MS-64: Up to $10
- MS-65: Up to $18
- MS-66: Up to $85
- MS-67: Up to $3,500
How much have these coins sold for in the past?
In 2022, one of these 1967 nickels, MS-67 grade, was sold at a jaw-dropping $6,900. It should be emphasized that the values of the coins tend to be determined by demand and supply at the auctioneers facilitating the transaction, rendering them dynamic to the trends in the market.
Should you get your coin professionally graded?
Before rushing to pay for professional grading services, it’s best to consult a coin dealer or collector. They can give you a good idea of your coin’s condition and value without the expense of formal grading. If your coin is valuable, you can then proceed with professional grading using PCGS.
Why are coins like this in such high demand?
There are several reasons why these high value coins are in demand and collectors are always on the lookout for them. Some of these reasons include:
- Fineness and rarity: There are plenty of 1967 nickels that were produced, but very few of them have remained as uncirculated, hence their great value.
Also, the currency of that time is of great interest because it has historical significance thus both casual enthusiasts and seasoned investors attempt to acquire it. If you think that you may have one of such coins which appears to be one of the more valuable 1967 5-cent coins, it is advisable to take a closer look at it. You never know, you could have more than a sufficient change in your pockets.
