Among the coins, error coins have been a source of special fascination among investors and collectors. Errors most often result from accident while at the mint, but those very errors create those coins extra and precious. There are even nickel coins produced in the factories of the US Mint during the 1960s that have also turned out to be exceedingly costly because of such unusual errors.
If you too are interested in learning about error and valuable coins, these 5 error nickel coins should be on your list. Let us tell you about them—
1. 1960 Nickel without Mint Mark, struck on a 1-cent planchet
Explanation of the error: This is a very rare error that took place when a 1960 nickel coin was inadvertently struck on a 1-cent planchet (i.e. tiny copper coin). The outcome was a copper-colored nickel coin, which is also slightly smaller in size.
Value: If this coin is available in MS64 Red and Brown grade, it can fetch approximately $500 in an auction.
2. 1960 Proof Nickel without Mint Mark, with Quadruple Die Reverse
Description of Error: This is a unique kind of error where design features occur four times on the back (reverse) side of the coin. This error occurs due to the mis-engraving of the die.
Value: If this coin is discovered in PR60 grade, it can cost approximately $52 , whereas coins in higher grades (PR65+) can cost up to $1,000.
3. 1964 SMS Jefferson Nickel
Description of Error: The Special Mint Set (SMS) nickels minted by the Mint in 1964 are said to be extremely rare. Particularly those with full bands have been found to be highly valuable.
Value: If the coin has distinct and full banding, it can fetch as much as $32,900.
4. 1960-D Nickel with Full Steps
Error Description: A few nickel coins minted by the Denver Mint in 1960 have Monticello steps visible. This is not an error but a case of an excellent strike, and thus it is scarce.
Value: If the coin is of MS65 grade, then it can be valued at about $18.
5. 1960 Proof Nickel Without Mint Mark
Error Description: The majority of proof coins were struck at the Philadelphia Mint in 1960, but some lack a mint mark. This characteristic distinguishes them from other proof coins.
Value: Regular proof coins are valued at approximately $5 , but if the coin is discovered to possess rare errors or in high grades (PR65+), its value increases further.
Grading and Price Table
| Coin | Grade | Expected Value (in Dollars) |
|---|---|---|
| 1960 Nickel Without Mint Mark, on 1-Cent Planchet | MS64 | ~$500 |
| 1960 Proof Nickel Without Mint Mark, with Quadruple Die Reverse | PR60 | ~$52 |
| 1964 SMS Jefferson Nickel (Full Bands) | MS65 | ~$32,900 |
| 1960-D Nickel, with Full Steps | MS65 | ~$18 |
| 1960 Proof Nickel Without Mint Mark | PR65 | ~$12 |
(Notice: The above values are an average of market rates and subject to the coin’s actual condition, scarcity, and auction demand.)
Conclusion
Deformed nickel coins in the 1960s are not only collector’s items, but they can also be worthwhile investments. If you have an old coin collection, one of them might be carrying these defects, which make them very valuable. For coin collectors and investors, it is very crucial to spot these uncommon coins and discover their actual value.
If you are also curious about the realm of coins, then next time you must certainly go through your old coins—who knows, you too might have a priceless gemm in yours! ?
FAQs
Q1. How can I tell if my 1960 nickel has an error?
Check for unusual features like incorrect metal composition, missing mint marks, doubled or quadrupled designs, or misaligned strikes.
Q2. Are all 1960s nickels with errors valuable?
Not necessarily. The value depends on the type of error, coin condition (grade), and demand among collectors.
Q3. Where can I sell a rare 1960 error nickel?
You can sell it through coin dealers, online marketplaces like eBay, or auction houses specializing in rare coins.
Q4. What is the most valuable 1960s error nickel?
The 1964 SMS Jefferson Nickel with full bands is one of the most valuable, reaching up to $32,900 at auction.
Q5. How do I get my nickel graded?
You can send your coin to professional grading services like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation) for authentication and valuation.