The 1987 Jefferson Nickel might seem like just another five-cent coin, but some rare variations and errors can make it worth far more. In fact, certain 1987 nickels have sold for over $100, with top-condition specimens fetching even higher prices. If you have some old nickels lying around, it might be time to take a closer look—you could have a hidden treasure.
Let’s look into what makes a 1987 nickel valuable, how to identify rare versions, and where to sell them for top dollar.
Value
While most 1987 nickels are worth only face value, certain factors can make them valuable to collectors.
- Full Steps (FS) Nickels – Coins with fully defined Monticello steps can be worth $20 to $100+, with top-grade examples exceeding $1,000.
- Minting Errors – Off-center strikes, double dies, die cracks, and strikethroughs can significantly increase value.
- Proof Coins (1987-S) – High-grade proof nickels or those with errors can be worth $20 to $100+.
Features
Here’s what to look for when checking your 1987 nickels:
Full Steps (FS) Designation
- A Full Steps (FS) nickel has all six steps of Monticello visible without breaks.
- 1987-P FS nickels can be worth $20 to $100+.
- 1987-D FS nickels are less common but can reach similar values.
- The highest auction price for a Full Steps 1987 nickel exceeded $1,000.
Minting Errors
Errors can turn an ordinary nickel into a rare collectible. Some of the most valuable mistakes include:
- Off-Center Strikes – A misaligned design with missing portions.
- Double Die Errors – Doubling of letters or numbers due to die misalignment.
- Die Cracks and Cuds – Raised blobs of metal from worn-out dies.
- Strikethrough Errors – Foreign objects leaving imprints on the coin.
Some of these error coins have sold for hundreds of dollars, depending on severity and condition.
Proof Coins (1987-S)
The San Francisco Mint produced proof versions of the 1987 nickel with mirror-like finishes and crisp details. While most are common, those with errors or a perfect PR70 Deep Cameo grade can be worth $20 to $100+.
Identify
Wondering if your 1987 nickel is valuable? Follow these steps:
- Check the Mint Mark
- Located under the date on the front of the coin.
- “P” (Philadelphia), “D” (Denver), and “S” (San Francisco – Proof coins).
- Inspect for Full Steps
- Use a magnifying glass to check if Monticello’s six steps are fully visible.
- Look for Errors
- Compare your coin to known errors like doubling, cracks, or misalignments.
- Determine Condition
- Coins are graded from Poor (P-1) to Mint State (MS-70).
- Higher grades (MS-65 or above) fetch the best prices.
Sell
If you have a valuable 1987 nickel, here’s where to sell it:
- Coin Dealers – Professional numismatists can appraise and buy your coin.
- Online Auctions – Platforms like eBay, Heritage Auctions, and GreatCollections attract serious collectors.
- Coin Grading Services – PCGS and NGC can authenticate and grade your coin for better resale value.
- Coin Shows & Collector Forums – Local shows and online groups offer selling opportunities.
While most 1987 nickels are worth just five cents, a rare variation could be a hidden gem in your collection. By knowing how to identify valuable nickels and selling them in the right places, you could turn pocket change into a profitable find.
FAQs
What is a Full Steps nickel?
A Full Steps nickel has all six steps of Monticello clearly visible.
Are all 1987 nickels valuable?
No, only those with Full Steps, minting errors, or in top condition.
What errors should I look for in a 1987 nickel?
Look for off-center strikes, double dies, die cracks, and strikethroughs.
Where can I sell a rare 1987 nickel?
Online auctions, coin dealers, and grading services like PCGS or NGC.
How much is a 1987 Full Steps nickel worth?
Depending on grade, it can be worth $20 to $100+, with top ones exceeding $1,000.
