Although the 1964 Jefferson nickel may resemble your run-of-the-mill five-cent coin, it’s possible that it harbors several one-of-a-kind defects that would significantly increase its value. Some nickels sell for a lot more than their face for mint flaws that range from die defects to strikes that are off centre. Error coins are avidly collected and numismatists who can generally sell them for thousands of dollars at auction love to find them. This article will provide a primer on how to detect unusual variants of 1964 nickels as well as a discussion of the myriad kinds of faults that may increase the worth of their value.
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Types of 1964 Nickel Errors
A plain, common Jefferson nickel minted in 1964 becomes an attractive collector’s item if it carries some damage. Here are some of the most important types of errors that can significantly raise the value of the asset:
1. Full Steps Designation (FS)
- By “Full Steps” (FS), we mean that the steps on the back of the Monticello building are as crisp as possible. That is what the grade implies. To have such a grade, coins must have at least five distinct phases that happen to be of continuous nature. The United States Mint at 1964 was unable to produce such a clear mark due to heavy demands in production.
- The worth of a Full Steps nickel ranges from twenty dollars to as much as fifteen thousand dollars, depending on the grade. For instance, a 1964 FS Nickel graded MS67 sold in 2017 for $14,100.
2. Double Die Errors
- What It Is: It’s a type of misprinted coin that results from an anomaly that occurs during the minting process – double die. This mistake happens when the minting process duplicates letters, numerals, or other design components. These types of mistakes tend to be easily visible under magnification and can be worth a lot.
- These errors are worth anywhere from fifty dollars to more than one thousand dollars, depending on the degree of the doubling and the general condition of the coin.
3. Die Cracks and Breaks
- What It Is: The striking die-the die used to press the coin- sometimes develops cracks, which can leave underlying lines or blobs of metal on the coin’s surface, usually around the rim or in the middle design.
- Die crack faults will bring the price of a nickel to anywhere in the range of ten to fifty dollars, depending on how severely it cracks and which area of the coin it does through.
4. Off-Center Strikes
- Because the coin is not centered in the dies when it’s struck at the mint an off-center striking will take place and part of the design will be missing from the coin.
- The value of an off-centre inaccuracy can, in most cases, go from as little as twenty dollars to greater than one hundred dollars depending on the degree to which the misalignment goes.
5. 1964-D/D RPM (Repunched Mint Mark)
- If the “D” mint mark, which stands for Denver, is punched more than once in different places, then that is classified as a repunched mint mark or RPM error.
- An error coin with an RPM error can increase its value to as much as ten to fifty dollars, and high-quality examples sell for a lot of money.
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Factors Influencing the Value of 1964 Nickels
The mistake coin value in the market is determined by the following factors. Remember, here are the vital factors:
- Grade would be a significant factor in determining the coin’s value. In comparison to free-circulating coins, higher grade coins are more valuable, especially those grading as Mint State (MS).
- The rarer the error, the more valuable the coin will be. Some of the most prized errors are mint set (SMS) coins and significant off-center strikes.
- A shift in collector demand over time could influence the prices of nickels. Currently, the demand levels for Full Steps nickels, especially SMS coins, are extremely high.
Notable Auction Records for 1964 Jefferson Nickels
The highest auction records for reported 1964 Jefferson nickels are as follows:
| Coin Type/Grade | Error Type | Sale Price | Auction Date |
|---|---|---|---|
| 1964-D MS67 FS | Full Steps (FS) | $14,100 | 2017 |
| 1964 SMS SP68 | Special Strike | $32,900 | 2016 |
| 1964-D MS66 FS | Full Steps | $6,325 | 2009 |
| 1964 (P) MS67 FS | Full Steps | $9,700 | 2022 (eBay) |
How to Identify Valuable 1964 Nickels
To determine if your 1964 nickel is an error coin and is valuable follow these steps:
- Look at the Reverse: Study the stairs that appear on the Monticello building under a magnifying glass. Look for any variety with five or six well-defined steps because this is a Full Steps variety.
- Check for duplicated Elements: Be particularly keen on the date and the writing, especially on the phrase “In God We Trust,” to look for any clues of duplicated elements.
- Look for Mint Mark If your coin has a “D” mint mark then you must look for any sign of repunching so you could determine whether it has gained its value.
- Look for Die Errors: If the coin has die cracks or off-center strikes, it may add value to it.
Where to Sell Valuable 1964 Nickels
If you suspect that you own a 1964 nickel that’s worth selling, consider the following possible buyers:
- Coin Dealers: Authorized coin dealers are well-positioned to assess your coin and quote you a fair price based on current market conditions.
- Examples of auction houses include Heritage Auctions, the specialty house for rare and high-grade coins. Others are Stack’s Bowers.
- Online platforms: web sites, such as eBay and forums specifically dedicated to coins can also be very good venues to sell coins in the middle price range.
The 1964 Jefferson nickel is a lot of money and not merely pocket change. Because of several defects in the minting process, the value of many of these coins far exceeds their face value. An Inspection: Taking a closer inspection may reveal a buried treasure that is worth much more than five cents; whether you are a collector who is passionate about collecting or you just found a 1964 nickel in your change.
FAQs
1. What are common errors found in 1964 nickels?
The double dies, repunched mint markings, and off-centre striking that are frequently seen on 1964 nickels are examples of common faults. These variances have the potential to drastically boost the value of a coin, with certain faults fetching prices that are higher than ten dollars.
2. How do I identify a double die 1964 nickel?
To determine whether or not a 1964 nickel was struck with a double die, look for doubled text on the obverse, particularly in the words “Liberty” and “Monticello.” If you want to notice the distinct separation between the letters more clearly, you need use a magnifying glass.
3. What is a repunched mint mark error?
An error known as a repunched mint mark happens when the mint mark is stamped more than once by unintentionally. Because this inaccuracy may be discovered on the “P” mint mark on 1964 nickels, it is a valuable collectible that can be found in those coins.
