While many nickels from the 1990s are still in circulation and hold nominal value, certain rare specimens have become highly sought after by collectors, fetching impressive sums at auctions.
This article explores three such nickels from over 20 years ago that are now worth a significant amount, detailing their unique features and current market values.
1. 1990-P Jefferson Nickel with Full Steps
The 1990-P Jefferson Nickel minted in Philadelphia is generally common. However, coins exhibiting the Full Steps designation—sharp, well-defined steps on Monticello’s image—are rare and valuable.
- Unique Feature: Full Steps detail on Monticello
- Approximate Value: Up to $1,260
In 2018, a 1990-P nickel graded MS67 with Full Steps by the Professional Coin Grading Service (PCGS) sold for $1,260, highlighting the premium placed on this feature.
2. 1990-D Jefferson Nickel with Full Steps
Similar to its Philadelphia counterpart, the 1990-D Jefferson Nickel from the Denver Mint becomes valuable when possessing the Full Steps characteristic.
- Unique Feature: Full Steps detail on Monticello
- Approximate Value: Up to $1,093
A 1990-D nickel graded MS66+ with Full Steps achieved a sale price of $1,093 in 2004, underscoring the desirability of this feature among collectors.
3. 1990-S Proof Jefferson Nickel with Doubled Die Obverse
The 1990-S Proof Jefferson Nickel, produced exclusively for collectors, holds significant value when featuring a doubled die obverse—a minting error where the design is imprinted twice, slightly offset.
- Unique Feature: Doubled die on the obverse side
- Approximate Value: Up to $920
In 2010, a 1990-S doubled die obverse proof nickel fetched $920 at auction, making it a prized piece for error coin enthusiasts.
| Year and Mint Mark | Unique Feature | Approximate Value |
|---|---|---|
| 1990-P | Full Steps on Monticello | Up to $1,260 |
| 1990-D | Full Steps on Monticello | Up to $1,093 |
| 1990-S | Doubled Die Obverse (Proof) | Up to $920 |
Note: Values are subject to change based on market demand and coin condition.
Factors Contributing to High Nickel Values
Several elements can elevate the value of nickels:
- Minting Errors: Errors like doubled dies or off-center strikes are rare and increase a coin’s desirability.
- Full Steps Designation: Coins with fully defined steps on Monticello indicate a superior strike, making them more valuable.
- Proof Coins: Specially minted for collectors, proof coins often have sharper details and limited mintage.
- Condition: Coins in mint or near-mint condition, especially those graded highly by professional services, command higher prices.
Identifying and Valuing Your Nickels
To determine if your nickel holds significant value:
- Examine the Coin: Look for unique features such as minting errors or Full Steps on Monticello.
- Assess the Condition: Coins free from wear and with sharp details are more valuable.
- Seek Professional Grading: Certification from organizations like PCGS or the Numismatic Guaranty Corporation (NGC) can authenticate and grade your coin, providing a reliable assessment of its value.
Conclusion
While most nickels from the 1990s are common, certain specimens with unique features or errors have appreciated significantly in value. Collectors should pay close attention to details such as Full Steps, minting errors, and overall coin condition.
If you believe you possess a rare nickel, consulting with a professional grading service is a prudent step to ascertain its true worth.
Frequently Asked Questions (FAQs)
1. What are Full Steps on a Jefferson Nickel?
Full Steps refer to the distinct, unbroken lines on the steps of Monticello on the coin’s reverse. This feature indicates a sharp strike and is highly valued by collectors.
2. How can I identify a doubled die obverse on a 1990-S Proof Nickel?
A doubled die obverse displays noticeable doubling in the design elements on the coin’s front, such as the inscriptions or Jefferson’s profile. Using a magnifying glass can help detect this error.
3. Are all 1990 nickels with Full Steps valuable?
While Full Steps enhance a coin’s value, the overall condition and grade significantly impact its market price. Coins in higher grades with Full Steps are more valuable.
4. What is the significance of the “S” mint mark on the 1990-S Jefferson Nickel?
The “S” mint mark indicates that the coin was minted in San Francisco and is typically a proof coin, produced with a special minting process for collectors.
5. Where can I sell my rare 1990 nickel?
You can sell rare coins through reputable coin dealers, auction houses, or online platforms specializing in numismatics. Having your coin professionally graded can facilitate a smoother sale and potentially higher offers.