The good ol’ nickel. One of the most problematic coins today.
Extremely inconvenient to count or carry around, it currently costs more than its 5-cent face value to produce each coin, and you can’t even buy anything with it.
You would be hard-pressed to find anything you could purchase with a nickel today. With the price of a loaf of bread now reaching at least $1, you would probably need to find a strange store that sells bread by the slice to finally spend your nickel.
But it wasn’t always so.
Back in the 19th Century, the Nickel could do a lot. Even in 1938, when the Jefferson Nickel was first introduced, a Nickel was still enough to pay for a payphone call anywhere in the United States.
The Jefferson Nickel was first minted in 1938 as a replacement for the Indian head Nickel (the former Nickel sporting a Native American head portrait on the obverse and a bull on a hill on the reverse,) which was the five U.S. cent currency at the time.
The new Nickel was designed by sculptor Felix Schlag with a commemorative portrait of American president Thomas Jefferson.
However, thanks to the rapid rise of inflation over the years, the regular Nickel in circulation is practically worthless and unusable.
Nevertheless, no matter how low a coin’s purchasing power degrades, it always has the potential to hold considerable value in coin collecting. Here, select Nickels can range in worth at anywhere from its 5 cents face value to as high as $10,000.
What then is the value of the 1964 Nickel?
Like most of the Jefferson Nickels ever produced, the 1964 Nickel typically does not attract much monetary value on the coin collecting market.
You can expect to only get the face value of 5 cents for your coin if it is in a circulated state. For uncirculated coins, expect a slight premium. Uncirculated 1964 Nickels can retail for between 25 cents and 4 dollars depending on the quality and the coin’s condition. Proof coins sell for a dollar or two extra.
Since the 1964 Nickel (also known as the 1964 liberty nickel and the 1964 Jefferson nickel) features a base metal composition of 75% copper and 25% nickel, it is unsurprising that it is worth this low. The melt value for the total metals in this coin amounts to around its 5-cent face value, so any extra market value is purely sentimental.
However, like with most other U.S. coins, coins with a super rare high condition or sought-after errors can fetch hefty prices on the open market, often selling for a few hundred bucks at least.
1964 Nickel Rarity
The 1964 Nickel is the least rare U.S. nickel.
With close to three billion of these nickels produced, it is no surprise that most of them only retail for their face value of only 5 cents.
Due to rising prices of silver in the 50s’ and early 1960s and consequent hoarding of silver coins, the U.S. Treasury began phasing out silver from the coinage. At this pivotal moment, 1964 nickel was produced, unsurprisingly, with no silver in its composition.
To make up for all the coins that were hoarded and out of general circulation, the Treasury went all out with this mint, producing a massive 2,825,919,922 nickels in 1964, a record that still stands to this day.
Consequently, there is a significant abundance of 1964 nickels, with many of these still in general circulation today. Hence, you won’t find any circulated 1964 nickels worth more than its face value. Even uncirculated 1964 nickels rarely go too high up in value, with the bulk retailing for under 50 cents.
However, the proof version of this nickel is a bit less rare, with a total mintage of 3.9 million coins.
Thanks to the use of a higher quality die this year, the 1964 nickels sport a sharper appearance than older Jefferson nickels, and the proof coins show this the most. Proof 1964 nickels are a favorite amongst many coin collectors, and they can retail on average for between $4 and $7.
1964 Nickel Mint Marks
The 1964 nickel was produced from two Mints: the Philadelphia and Denver mints.
Coins minted in Philadelphia do not sport any mint marks, while coins that shipped from Denver bear the Denver “D” mint mark on the far-right corner of its reverse side.
The Denver mint produced 1,797,297,160 nickels in 1964, while the Philadelphia mint struck 1,028 622,762 coins, adding up to a total of 2,825,919,922 nickels minted in 1964.
The mint marks on a 1964 nickel do not affect its price. Whether a 1964 nickel has the D mint mark or no mint at all, it typically retails in the same price range, provided the quality of both coins is comparable.
1964 Nickel Market Value Chart
Refer to the table below for an approximate estimate of the value of the 1964 nickel. Use this chart as a general guide for making better market decisions.
|Coin Type⬇\Average Quality➜||MS 59 or Lower||MS 60-63||MS 64-65||MS 66 or Higher|
The most expensive 1964 Jefferson nickel yet, the 1964 Jefferson Nickel. SMS. Specimen-68 FS, rated MS 68 sold for $31,900.
1964 Nickel Error Coins
Valuing an error coin is a tough business, as specific errors typically have a small sample size (in some cases, specific errors could only exist on one coin), and the final price depends on how aggressively the bid, depending on how much subjective value they place on its aesthetics.
Hence, if you suspect your coin is a valuable error coin, it is best to get a coin expert’s perspective before listing it for sale.
You can find multiple 1964 error coins selling on eBay over a very wide price range from the low ten dollar listings to others selling for a couple thousand bucks.
Where to Buy 1964 Nickels
The best places to buy all types of 1964 Nickels coins are on Amazon and eBay.
What is the 1964 Canadian Nickel Value?
Unlike the 1964 U.S. nickel, the 1964 nickel in Canada is made of chrome-plated steel with a melt value of 12 cents per coin, which equals it’s minimum possible price on the coin collector market.
- Kennedy Half Dollar Value Chart (1964, 1966, 1967, 1968, 1970, 1971, 1972)
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- 1964 Penny Value Chart: Does it Worth Anything?
- A Comprehensive Study of the Most Valuable Jefferson Nickels (Priced as High as $35,000+)
I have 18 pieces of 5 cent 1964 for sale for $10,000 each.