Sometimes, you might want to take a closer look at the coins in your pocket. A nickel from 1985, with some special features, could be worth thousands of dollars at an auction. These features make the coin rare and highly valuable to collectors. One of the most valuable of these 1985 nickels recently sold for $9,066.
The Key Features to Watch for
The year to keep an eye out for is 1985. On this nickel, there should be a small “P” near President Thomas Jefferson’s portrait on the front of the coin. This “P” tells you that it was made at the Philadelphia Mint.
In January, a 1985-P MS67+ Full Steps nickel was sold for $9,066, according to Heritage Auctions. The term “MS” means “Mint State,” which refers to how perfect the coin is. Coins are graded on a scale from 1-70, and this particular nickel had a rating of 67, making it nearly perfect.
The coin that sold was noted as the best one ever discovered from 1985, which made it even more special.
The Unique Colors and Features
What made this coin stand out was its glowing “greenish-gold,” “champagne,” and “lilac-blue” tones, along with the sharpness of its features. These characteristics are highly prized by collectors and appraisers.
Another important detail was the “Full Steps” grading. This term refers to how well the steps leading up to Jefferson’s Monticello home (which is on the back of the coin) are visible. The coin had perfectly sharp steps, a major part of its value.
What Does ‘Proof’ Mean?
This special nickel was a proof strike. “Proof” coins are made with extra care and are struck at least twice, making them sharper and more detailed than normal coins used in everyday life. These coins are usually made for collectors, not for circulation.
Proof coins go through a special process. The blanks, or coin bases, are polished and cleaned carefully before they are struck by specially polished dies. This results in a shiny, flawless finish that is much different from regular coins, which are called business strikes.
Other Valuable Nickels to Look For
If you’re hoping to find a valuable coin, don’t just limit your search to 1985 nickels. Some older nickels, especially from the 1800s, can fetch thousands of dollars. For example, a nickel from 1879 could be worth up to $84,000, while one from 1867 might be valued as high as $109,250. Even some 20th-century nickels, such as the Buffalo nickel from 1913 to 1938, can be worth more than $100,000.
Table of Key Details
| Feature | Description |
|---|---|
| Year | 1985 |
| Mint Mark | “P” (Philadelphia Mint) |
| Grade | MS67+ Full Steps |
| Special Features | Greenish-gold, champagne, lilac-blue hues, razor-sharp steps |
| Auction Price | $9,066 |
| Proof Strike | Yes |
Conclusion
Finding a rare nickel like the 1985-P MS67+ Full Steps could lead to a significant payday. With sharp details, rare hues, and a proof strike, this coin fetched over $9,000 at auction. Collectors value coins with unique features and perfect grading, so keep an eye on your spare change. Who knows? You might have a valuable coin in your pocket right now.
FAQ’s
What makes the 1985 nickel so valuable?
The 1985 nickel is valuable because of its MS67+ grade, Full Steps feature, and unique colors like greenish-gold, champagne, and lilac-blue tones.
What is the difference between a proof strike and a business strike?
A proof strike is made with special care, using polished blanks and dies, and is struck at least twice for extra detail. Business strikes are regular coins made for everyday use.
How do I check the value of my nickel?
You can check your coin’s value by searching on eBay, using websites like Coinappraiser, or checking through the Professional Coin Grading Service (PCGS).