Header Image Source: National Numismatic Collection, National Museum of American History.

Long before the Jefferson nickel ever entered circulation, we had the Liberty Head or “V” nickel. This coin, with its simple design and fascinating history, remains a numismatic treasure to this day. So, to give our fellow coin collectors some background on this unique piece, we at Coins Plus in Cincinnati, OH have created this quick guide.

Origins

The first issue of the Liberty nickel featured the Roman Numeral V in the center of the reverse to indicate the denomination.  Below the denomination near the rim was the motto “E Pluribus Unum”, (One From Many).  The only problem was that nowhere did the coin say the actual denomination of “CENTS”!  Enterprising individuals soon gold plated the coins and some were passed for $5 gold coins which, at the time, looked a lot like the Liberty nickel.  Later in the year the motto was removed and replaced with “CENTS” to solve the problem.

The new nickel featured a classic head of Liberty on the obverse and a wreath of wheat, cotton, and corn on the reverse. The reverse now included a Roman numeral designating the denomination, hence the nickname the “V” nickel. 

Value

The first year, 1883, saw a total mintage of over 21 million coins.  Production slowed in 1885 and 1886 thanks to a nationwide economic downturn.  These coins were subject to excessive wear and many are found in very worn condition.  Our rare coin experts explain that those kept in pristine condition are worth much more than their worn counterparts.  The Liberty Nickel was also the first 5 cent piece minted at a branch mint with Denver and San Francisco producing them in 1912.  

1913 was a transition year with the issuance of the “new” Buffalo Nickel.  Somehow 5 Liberty Nickels were produced making it one of the rarest coins in the American series.

According to our experienced coin appraisal experts, the Liberty Head nickels from these pivotal years – 1885, 1886, 1912-S, and 1913 – are the most valuable pieces in the entire series.  One of the 1913 Liberty Nickels recently sold for over $3 Million!

The value of a Liberty Head nickel differs based on the date, mintmark and condition. So, if you have this unique coin in your collection, bring it into Coins Plus for an honest, expert coin appraisal. Visit our website to learn how the process works. If you have any questions for our knowledgeable coin dealers, call us at (513) 621-1996 today.

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