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Introduction
The 1964 nickel is a highly sought-after coin by numismatists, coin collectors, and investors alike. It’s a coin that has been around for over fifty years and is still highly valued today. So why is a 1964 nickel worth so much? In this article, we’ll explore the history, rarity, and value of a 1964 nickel, as well as the reasons why it’s worth so much.
The History of the 1964 Nickel
The 1964 nickel is part of the Jefferson nickel series, which began in 1938 and is still in circulation today. The original Jefferson nickel was designed by Felix Schlag and featured a profile of President Thomas Jefferson on the obverse and Monticello, Jefferson’s home, on the reverse. The design has remained largely unchanged since its inception, though there have been minor changes throughout the years.
The 1964 nickel was the first to feature the “FS” initials of Felix Schlag, the designer of the coin, on the obverse. This change was made to commemorate the 25th anniversary of the Jefferson nickel series.
The Rarity of the 1964 Nickel
The 1964 nickel is a relatively rare coin, with only 1,835,000 of them minted. This is significantly less than the mintage of other years in the Jefferson nickel series. For example, the mintage of the 1965 nickel was over 8 million, and the mintage of the 1966 nickel was over 9 million.
The Value of the 1964 Nickel
The 1964 nickel is a valuable coin, with an estimated value of between $3.50 and $5.00 in circulated condition. Uncirculated coins can be worth much more, with prices ranging from $25 to $50. This makes the 1964 nickel one of the most valuable coins in the Jefferson nickel series.
The Reasons Why the 1964 Nickel is Worth So Much
There are several reasons why the 1964 nickel is worth so much. The first is its rarity. As mentioned above, only 1,835,000 of these coins were minted, making it one of the rarest coins in the Jefferson nickel series. This rarity makes the coin highly desirable to collectors, and thus more valuable.
Another reason why the 1964 nickel is worth so much is its historical significance. It was the first year that the designer’s initials, “FS”, were featured on the obverse, making it a landmark year in the Jefferson nickel series. This makes the coin a valuable part of numismatic history, and thus more valuable to collectors.
The last reason why the 1964 nickel is worth so much is its condition. Uncirculated coins are especially desirable to collectors, and can fetch a much higher price than circulated coins. This is due to the fact that uncirculated coins are in pristine condition, and thus are more valuable than circulated coins.
Conclusion
The 1964 nickel is a highly sought-after coin by numismatists, coin collectors, and investors alike. Its rarity, historical significance, and condition all contribute to its high value. If you’re looking to purchase a 1964 nickel, be sure to do your research and buy from a reputable dealer. With the right knowledge and resources, you can find a 1964 nickel that is worth its weight in gold.
