While the 1987 Jefferson nickel might seem like an ordinary coin, certain characteristics such as condition, minting errors, or rarity can make some of these nickels worth significantly more than their face value. This guide explores what makes a 1987 Jefferson nickel valuable and offers tips for identifying collectible coins.
Table of Contents
1987 Jefferson Nickel
The 1987 Jefferson nickel features Thomas Jefferson on the obverse and his residence, Monticello, on the reverse. It was minted at three locations:
| Mint Location | Mint Mark | Purpose |
|---|---|---|
| Philadelphia | None | Circulation |
| Denver | D | Circulation |
| San Francisco | S | Proof coins for collectors |
Billions of these nickels were produced, making them common in circulation. However, uncirculated coins, proof coins, and error variations can hold significant value for collectors.
1987 Nickels Valuable
Uncirculated nickels from 1987 retain their original mint luster and show no signs of wear. These coins are especially valuable in high grades (MS-65 or higher).
- Value: $0.25 to $1 for typical uncirculated coins.
- High-Grade Coins (MS-67 or higher): $20 to $50, depending on demand.
Full Steps Nickels
A Jefferson nickel with complete, clear steps at the base of Monticello is highly sought after by collectors. Known as Full Steps (FS) nickels, these coins are rare because the steps often wear away or fail to strike clearly.
- Value: $10 to $100, depending on grade and condition.
Error Coins
Error coins from 1987 are some of the most valuable due to their rarity and uniqueness. Collectors look for coins with visible minting mistakes, including:
| Error Type | Description | Value |
|---|---|---|
| Off-Center Strikes | Design struck outside intended alignment | $20 to $200+ |
| Double Dies | Doubled lettering or portrait details | $25 to $100 |
| Die Clashes | Impressions from the opposite side of the die | $10 to $50+ |
| Filled Dies | Missing letters or numbers due to debris in the die | $5 to $50 |
Proof Coins
Proof nickels were minted at the San Francisco Mint for collectors. These coins feature a reflective surface and sharp detailing, making them more valuable than regular circulation coins.
- Value: $2 to $5 for standard proof nickels.
- High-Grade Proofs: $10 or more.
Identifying Valuable 1987 Nickels
- Inspect the Coin: Use magnification to check for errors, doubling, or anomalies.
- Check Monticello’s Steps: Look for unbroken and clear steps on the reverse.
- Evaluate Condition: Coins in pristine condition with no wear or scratches are worth more.
- Mint Marks: Identify the mint mark (“D” for Denver or “S” for San Francisco) to determine the type of coin.
While most 1987 Jefferson nickels are worth their face value, certain coins stand out due to their condition, minting errors, or proof status. If you believe you own a rare or valuable 1987 nickel, consider having it professionally graded to determine its true worth. With a bit of luck and careful inspection, your pocket change might hold a hidden treasure!
FAQs
What makes a 1987 nickel valuable?
Condition, Full Steps, proof quality, or minting errors increase value.
What is a Full Steps Jefferson nickel?
It’s a coin with fully visible and unbroken steps on Monticello’s base.
How much is a 1987 proof nickel worth?
Standard proof nickels are worth $2 to $5; high grades fetch $10+.
What are common errors in 1987 nickels?
Off-center strikes, double dies, and die clashes are common errors.
Where were 1987 nickels minted?
Philadelphia (no mark), Denver (D), and San Francisco (S for proofs).
