The 1987 Jefferson nickel might seem like just another coin in your pocket change, but some rare versions can be worth over $100. Certain minting errors, Full Steps designations, and proof coins make these nickels highly sought after by collectors. If you have a pile of old coins, now might be the time to take a closer look. Who knows? You might be holding a hidden gem that’s worth far more than its face value.
Table of Contents
Value
Not every 1987 nickel is worth a fortune, but certain features can significantly increase its value. Coins with Full Steps (FS), minting errors, or proof designations often fetch top dollar in the coin market. Here’s a quick breakdown:
| Feature | Details |
|---|---|
| Coin | 1987 Jefferson Nickel |
| Potential Value | Up to $100+ based on rarity and condition |
| Valuable Features | Full Steps, minting errors, proof coins |
| Errors to Look For | Off-center strikes, double die, die cracks |
| Mint Marks | P (Philadelphia), D (Denver), S (San Francisco) |
| Selling Options | Coin dealers, online auctions, grading services |
Some 1987 nickels have even sold for over $1,000 at auctions, especially those in pristine condition with the Full Steps designation.
Full Steps
One key feature that adds value to a 1987 nickel is the Full Steps (FS) designation. On the reverse side of the coin, Monticello’s steps should be clearly visible. If all six steps are fully defined without any breaks, the coin receives an FS grade. This rarity makes these nickels highly desirable to collectors.
- 1987-P FS nickels can sell for $20 to $100 or more, depending on their grade.
- 1987-D FS nickels are less common and can also reach similar price ranges.
- A top-grade Full Steps 1987 nickel has even sold for over $1,000 at auction.
So, if you spot a 1987 nickel with clearly visible steps, you might just have a valuable coin in your hands.
Errors
Minting errors can transform a regular 1987 nickel into a collector’s dream. Here are some common errors that can make your coin more valuable:
- Off-Center Strikes: When the design is off-center, leaving part of the coin blank.
- Double Die Errors: Doubling of letters, numbers, or images due to die misalignment.
- Die Cracks and Cuds: Raised lines or blobs on the coin caused by damaged dies.
- Strikethrough Errors: Imprints left when foreign objects interfere during minting.
Some of these error coins have fetched hundreds of dollars, especially if they are in excellent condition.
Proof
The San Francisco Mint produced proof versions of the 1987 nickel, marked with an “S” mint mark. These coins have highly polished surfaces and sharp details, making them attractive to collectors. While many proof coins are common, those with errors or perfect grades (PR70 Deep Cameo) can be worth between $20 and $100 or more.
Proof coins are often valued not just for their rarity, but for their flawless appearance and historical significance.
Identification
Wondering if your 1987 nickel is valuable? Here’s how you can check:
Step 1: Look for the mint mark under the date:
- P for Philadelphia (no mint mark)
- D for Denver
- S for San Francisco (proof coin)
Step 2: Use a magnifying glass to inspect Monticello’s steps on the reverse side. All six steps visible? You might have a Full Steps nickel.
Step 3: Check for errors. Notice any unusual alignments, doubling, or raised marks? That could indicate a rare minting error.
Step 4: Assess the coin’s condition. Coins are graded from Poor (P-1) to Mint State (MS-70). Higher grades, especially MS-65 or above, bring in better prices.
Selling
If you’ve found a rare 1987 nickel, here’s where you can sell it:
- Coin Dealers: Professional numismatists can appraise your coin and offer a fair price.
- Online Auctions: Platforms like eBay, Heritage Auctions, and GreatCollections are popular for selling rare coins.
- Coin Grading Services: Companies like PCGS and NGC provide authentication and grading, which can increase the coin’s value.
- Coin Shows and Forums: Join coin collector communities to connect with potential buyers.
Graded coins tend to sell faster and at higher prices since buyers trust their authenticity and condition.
Checking a rare 1987 Jefferson nickel is like uncovering a hidden treasure. With the right features, your five-cent coin could be worth much more than you expect. So, go ahead and check your change—you never know what you might find!
FAQs
What makes a 1987 nickel valuable?
Full Steps designation, minting errors, and proof coins increase value.
How do I know if my 1987 nickel is Full Steps?
Use a magnifying glass to check if all six Monticello steps are visible.
What is the most valuable 1987 nickel?
A Full Steps nickel in top condition sold for over $1,000.
Where can I sell my rare 1987 nickel?
Sell through coin dealers, online auctions, grading services, or shows.
Are all 1987 nickels worth money?
No, most are worth face value, but rare ones can be worth $100+.
