Commonly asked questions and answers.
Why is the Liberty Nickel referred to as the "V Nickel"?
The Liberty Nickel is often referred to as the "V Nickel" because of the prominent Roman numeral "V" on the reverse (back) side of the coin. The "V" represents the denomination of five cents. Initially, the coin only displayed the "V" surrounded by a laurel wreath, but the design was later modified to include the word "Cents" beneath the "V" to avoid confusion with higher-value gold coins.
What makes the "1883 No Cents" Liberty Nickel special?
The "1883 No Cents" Liberty Nickel is a unique variety within the series. In 1883, when the Liberty Nickel was introduced, the design lacked the word "Cents" on the reverse side. This led to concerns that the coin could be easily gold-plated and passed off as a five-dollar gold coin. To address this issue, the design was modified later that year to include the word "Cents" beneath the "V." The "1883 No Cents" variety is highly sought after by collectors due to its scarcity and historical significance.
Are there any rare or valuable Liberty Nickel varieties?
Yes, there are several rare and valuable Liberty Nickel varieties. Apart from the "1883 No Cents" variety, which is highly prized, there are other notable varieties such as the 1913 Liberty Nickel. Only five specimens of the 1913 Liberty Nickel are known to exist, making it one of the most famous and valuable coins in American numismatics. Additionally, some Liberty Nickels may have different mint marks, such as those minted in Philadelphia (no mint mark), San Francisco (S mint mark), or New Orleans (O mint mark), which can affect their rarity and collectible value.
What is the composition of the United States Nickel?
The United States Nickel, commonly known as the five-cent coin, is composed of a combination of 75% copper and 25% nickel. This composition has been in use since 1866, with some variations during World War II when nickel was needed for the war effort. The current nickel alloy provides durability and a distinctive silver appearance.
Who is depicted on the United States Nickel?
The obverse (front) side of the United States Nickel features a portrait of Thomas Jefferson, the third President of the United States, who served from 1801 to 1809. The design is based on an 1800 Rembrandt Peale portrait of Jefferson. The reverse (back) side has gone through various designs over the years, with the current design showcasing Monticello, Jefferson's Virginia estate.
Are there any valuable or rare Nickels?
While most Nickels in circulation are worth their face value, there are a few valuable and rare varieties to look out for. One example is the 1937-D Three-Legged Buffalo Nickel, which shows a weakened or missing leg on the buffalo due to an overpolished die. This variety is highly sought after by collectors. Additionally, certain dates, mint marks, and special editions, such as the wartime Silver Nickels minted from 1942 to 1945, can have higher numismatic value.
