People may think that the 2016 nickel is just another regular coin, but its state, mintmark, and possible flaws could make it worth more than five cents.
Some things about 2016 nickels can make them useful to collectors, even though most of them are common. What you need to know to figure out how much your 2016 nickel is worth.
The 2016 Jefferson Nickel: An Overview
As of 2016, the 2016 Jefferson Nickel is part of a series that has been celebrating President Thomas Jefferson since 1938.
The front of the coin has a portrait of Jefferson looking forward by artist Jamie Franki. The back of the coin shows Monticello, Jefferson’s home in Virginia. A lot of these coins were made at the Philadelphia and Denver Mints.
The San Francisco Mint also made proofs for coin fans. Most 2016 nickels are common, but high-grade coins with lots of features or mistakes made during the minting process can sell for more.
Also See:-Here’s What Makes 2006 Nickels Worth Looking For Today
Factors That Determine Value
Condition and Grade
Coins that have a high grade are those that have a low amount of wear and sharp details. The value of coins that have been graded MS65 or above by expert services such as PCGS or NGC ranges from ten to twenty dollars, particularly if they exhibit Full Steps, which is a classification that is given to nickels made on Monticello that have fully defined steps.
Errors and Varieties
Errors encountered during the minting process, such as off-center strikes, die cracks, or doubled dies, have the potential to considerably boost the value of a coin.
The value of these coins can range anywhere from twenty dollars to one hundred dollars or even more, depending on the rarity and visibility of the inaccuracy.
Final Thoughts
The majority of 2016 nickels are equivalent to their face value; however, coins that have not been circulated, proof specimens, or those that have flaws can fetch greater prices.
Give your 2016 nickels a careful examination to check for mintmarks, quality, and any other peculiar characteristics. You can discover a precious coin that is hiding in plain sight, regardless of whether you are a collector or just inquisitive about coins.
