A NICKEL minted in the early 1920s sold for thousands online.
The coin is part of the Buffalo-Indian nickel design minted by the US Mint from 1913 to 1938.
The piece shows the date 1924 with an S mintmark representing the San Francisco mint location.
The mark can be found on the back under the words “Five Cents”.
Most importantly, the 1924-S has one of the lowest reported production runs in the series at just over 1.4 million units.
In comparison, the average mintage of a Buffalo nickel is nearly 19 million, according to Coin Mintages.
If you happen to find a rare coin, the next thing to consider is its state of preservation.
For example, the Buffalo Nickel is described as “AU++” in the eBay listing.
The letters “AU” stand for approximately uncirculated.
After collecting 69 bids, the Buffalo nickel sold for $5,600. That would mean the nickel is now worth 11.2 million percent of its denomination.
“The 1924-S is rare in circulation grades, one of the rarest of all Buffalo nickels,” wrote former Professional Coin Grading Services (PCGS) President David Hall.
“It’s also rare in mint condition, and it’s very rare in gem condition. Only about three dozen gem-quality specimens are known.”
A 1924-S piece rated MS66+ sold for a whopping $105,750 at auction in November 2016, according to PCGS.
MS is an uncirculated note that stands for Mint State.
Several 1924-S nickels are currently listed by the thousands on eBay.
But as always, make sure you are aware of possible fakes on the internet.
To avoid this, be sure to check the history of the seller and whether or not the coin in the listing has been certified.
What other nickels are valuable?
There are many other nickels that could also be very valuable.
The 1926-S Buffalo Nickel is said to be the lowest mintage of the series.
According to the USA Coin Book, it’s worth $51 in average condition and up to $10,502 if it’s an MS 63 grade.
Regarding Jefferson Nickels, unless in uncirculated grades, they probably won’t sell for thousands.
For example, the 1951 Jefferson Nickel has one of the lowest mintage in the series.
One in an MS 67 class was recently sold on eBay for $5,200.
In average condition, according to Coin Trackers, it’s only worth 10 cents.
Meanwhile, some Jefferson nickels for mistakes could be worth hundreds.
For example, a D over Horizontal D 1945 Nickel graded “AU58” by the American Numismatic Association Certification Service was recently sold online for $455.
You can also check if your other coins are worth anything by searching eBay for the full name, selecting the “sold” listing, and then toggling the search to “highest value”.
This gives you an idea of how much the coin might be worth, as your half dollars, dimes, and Lincoln pennies might also be valuable.
We reveal the most valuable coins featuring US Presidents worth up to $264,000.
Also, we explain how to find rare coins.
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https://www.the-sun.com/money/4976120/circulated-buffalo-nickel-1924-s/ Rare nickel in circulation sells for $5,600 after a bidding war