The 1987 Jefferson nickel might seem like just another five-cent coin, but some rare variations and errors can make it worth much more. In fact, certain 1987 nickels have sold for over $100, and in some cases, even higher depending on their condition and rarity. If you have old coins lying around, now is the time to check if you own one of these valuable finds.
In this guide, we’ll look into what makes a 1987 nickel valuable, how to identify rare coins, and the best ways to sell them for top dollar.
Valuable Features
Not all 1987 Jefferson nickels are rare, but specific features can increase their value significantly.
| Feature | Details |
|---|---|
| Coin | 1987 Jefferson Nickel |
| Potential Value | Up to $100+ depending on rarity and condition |
| Valuable Features | Full Steps (FS) designation, minting errors, proof coins |
| Errors to Look For | Off-center strikes, double die, die cracks, strikethroughs |
| Mint Marks | P (Philadelphia), D (Denver), S (San Francisco – Proof) |
| How to Sell | Coin dealers, online auctions, grading services |
| Reference | United States Mint |
While most 1987 nickels are worth just five cents, variations like Full Steps nickels, minting errors, and proof coins can make them significantly more valuable. Carefully examining your coins for these details might lead you to an unexpected treasure.
1987 Nickels Worth More
Most 1987 nickels hold only their face value, but certain rare varieties and errors can make them worth much more. Here’s what to look for:
Full Steps (FS) Designation
One of the most sought-after features in Jefferson nickels is the Full Steps (FS) designation. This refers to the clarity of Monticello’s steps on the reverse side. If all six steps are visible without breaks, the coin receives an FS grade, making it much rarer and more desirable.
- 1987-P (Philadelphia) Full Steps nickels can be worth $20 – $100+ in high grades.
- 1987-D (Denver) Full Steps nickels are less common but can also reach similar values.
- The highest auction price for a Full Steps 1987 nickel has exceeded $1,000, proving that pristine condition coins are highly valuable.
Minting Errors
Minting errors can transform an ordinary 1987 nickel into a highly collectible item. Some of the most valuable errors include:
- Off-Center Strikes – When the design is misaligned, leaving part of the coin blank.
- Double Die Errors – Letters or numbers appear doubled due to a misaligned die strike.
- Die Cracks and Cuds – Small cracks or raised metal blobs caused by worn-out dies.
- Strikethrough Errors – Foreign objects interfere with minting, leaving unique imprints.
Depending on the error type and coin condition, these nickels can sell for hundreds of dollars.
Proof Coins (1987-S)
The San Francisco Mint produced proof versions of the 1987 nickel with sharp details and mirrored surfaces. Most proof coins are common, but rare errors or those in perfect condition (PR70 Deep Cameo) can be worth $20 – $100 or more.
Collectors often seek proof coins because of their pristine quality and historical significance.
How to Identify Nickel
If you want to check whether your 1987 nickel is valuable, follow these steps:
Step 1
Look under the date on the front side of the coin to find the mint mark:
- P – Philadelphia Mint (No mint mark)
- D – Denver Mint
- S – San Francisco Mint (Proof Coin)
Step 2
Use a magnifying glass to check if all six steps of Monticello are clearly visible. If they are, your coin could be worth a significant amount.
Step 3
Compare your coin to known errors. If you notice misalignments, doubling, or missing elements, it could be valuable.
Step 4
The better the condition, the higher the value. Coins are graded on a scale from Poor (P-1) to Mint State (MS-70). The most valuable nickels are graded MS-65 or higher.
Where to Sell Valuable
If you discover a rare 1987 nickel, here’s where you can sell it:
- Coin Dealers – Visit a professional numismatist for an appraisal.
- Online Auctions – Websites like eBay, Heritage Auctions, and GreatCollections attract collectors.
- Coin Grading Services – Submit your coin to PCGS or NGC for professional authentication.
- Coin Shows & Forums – Join collector communities where you can find potential buyers.
Graded coins tend to sell for higher prices since buyers trust their authenticity and condition.
The 1987 Jefferson nickel may seem like just another five-cent coin, but rare variations, Full Steps designations, and minting errors can make them worth much more. If you have a collection of old coins, take a closer look—you might be holding onto a hidden treasure.
FAQs
How can I tell if my 1987 nickel is valuable?
Look for mint marks, Full Steps details, or minting errors. A professional grading service can confirm its value.
What is the most valuable 1987 nickel?
A high-grade Full Steps 1987 nickel sold for over $1,000 at auction.
Where can I sell my 1987 nickel?
Sell it through coin dealers, online auctions, or grading services like PCGS and NGC.
What are common 1987 nickel minting errors?
Off-center strikes, double dies, die cracks, and strikethrough errors can increase value.
Are all 1987 nickels worth more than face value?
No, most are only worth five cents. Only rare varieties with errors or Full Steps are valuable.
