DESPITE high-value coins being hard to find, more common ones may still be worth thousands.
In fact, a Liberty Nickel recently sold for $21,000 from Heritage Auctions who mentioned it was due to “three key” factors.
Experts from the respected auction site say the three keys to the coin series are their dates.
The 1885, 1886, and 1912-S are the nickels that collectors will pay top dollar for, aside from grades and errors.
However, the 1885 date is widely recognized, and highly popular making the price skyrocket.
“This is the most challenging of the three, with a much smaller percentage of the issue's 1.4 million-coin mintage saved by collectors,” Heritage Auctions said online.
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Another key factor was the nickel’s color.
The coin’s surface features shades of orange, yellow, blue, green, rose, and violet patina throughout.
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The Liberty Nickel was minted in Philadelphia and created by the Mint’s sixth chief engraver Charles E. Barber.
The obverse features the Liberty head with stars around the head and the 1885 date.
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The reverse showcases the Roman numeral V, UNITED STATES OF AMERICA, E PLURIBUS UNUM, and CENTS.
The series spans 30 years with the 1913 Liberty Head nickel holding the record price of $4.5 million.
Only five were ever produced with two more in private hands, per Fortune.
The other three are in major museums including the Smithsonian.
SPARE CHANGE
Break out your piggy bank and check your change for any valuable coins as your spare change could be worth thousands.
The most valuable coins typically have low mintage or are an error, as collectors find those coins are some of the rarest.
Coin experts will pay top dollar if they are well-struck.
A website to check if your coins are worth anything is eBay.
Just search the full coin name, select the "sold" listing, and then toggle the search to "highest value.”
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Siblings found a coin in their deceased father’s safety deposit box – it was the ‘finest’ known and sells for up to $66,000.
Plus, someone randomly found a coin only read about in history books – it’s worth up to $1,600 and was 1,600 miles from its home.
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