The nickel that you can sell for up to $1,000: Learn more

Collectors in the United States (US) are willing to pay high sums of money to acquire a five-cent coin in circulation, find out which one it is.

It cannot be denied that numismatic enthusiasts have great appreciation for certain specimens that they consider particular or unique.

Whether because they have defects, because of their low circulation, or because of certain historical facts that make them stand out.

In this sense, it should be noted that numismatics is the study and collection of coins, medals, paper money and tokens.

And as we mentioned, in this world, errors are considered points of value, making banknotes or coins rare and highly desired pieces.

This time it is a very particular series of five-cent nickel coins.

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History of the Notable Five Cent Coin

As it turns out, in 1938, the U.S. Mint held a national competition to design a new five-cent coin, which would eventually become known as the “Jefferson Nickel.”

A man named Felix Schlag was the winner of the competition, and received a prize of $1,000 and a contract with the Mint.

This in turn led to revisions to its design before the coin was released to the public in September of that same year.

It is noted that in the early years of Jefferson nickel production, a combination of dies was used which resulted in some double-minted varieties.

And it is precisely this double minting error that has made these coins highly sought after by collectors.

Furthermore, during the years of World War II, the composition of the nickel changed to include a small amount of silver, which added even more value to certain issues of these coins.

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This is how you can identify the Jefferson Nickel

You can identify the coin with a higher value thanks to a certain characteristic:

• This is the “Full Steps” (FS) designation, which refers to the clarity with which the steps are visible on the reverse of the coin.

A designation, in numismatics, is a special classification given to a coin to highlight a unique characteristic or the quality of certain details.

Now, you need to understand that in order to receive this designation, the lines representing the steps must extend along the entire staircase without interruptions.

Which means that if you find a Jefferson nickel with the designation ‘5FS’ or ‘6FS’, you likely have a very valuable coin on the market.

In this case, it is advisable to take the coin to a numismatic expert to determine if it meets the criteria necessary for a special designation.

With information from Diario NY

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