At first glance, the 2016 Jefferson nickel might seem like just another coin in your spare change. However, some of these nickels can be worth much more than five cents!
Factors like condition, mintmarks, and minting errors can significantly increase their value.
Here’s everything you need to know about the 2016 nickel and why it might be worth holding onto.
The Design of the 2016 Jefferson Nickel
Front (Obverse)
The 2016 Jefferson nickel continues the series honoring President Thomas Jefferson, which started in 1938. Sculptor Jamie Franki designed the updated forward-facing portrait of Jefferson featured on the front of the coin.
Back (Reverse)
The reverse side shows Monticello, Jefferson’s Virginia home. This design has been a signature of the series and is one of the most recognized images on U.S. coins.
Mint Locations
The 2016 nickels were struck at three main mints:
- Philadelphia: No mintmark.
- Denver: “D” mintmark.
- San Francisco: “S” mintmark for proof coins.
Factors That Determine a 2016 Nickel’s Value
While most 2016 nickels are only worth their face value, some are much more valuable due to specific factors:
1. High-Grade Coins
- Coins graded MS65 or higher (Mint State) by grading services like PCGS or NGC can sell for $10 to $20.
- A coin with the Full Steps (FS) designation, meaning the steps on Monticello are sharply struck and fully visible, can command an even higher price.
2. Minting Errors
Errors during production make some coins unique and highly collectible.
- Off-Center Strikes: Parts of the design are missing due to misaligned striking.
- Die Cracks: Visible lines or cracks caused by damaged dies.
- Doubled Die Errors: Doubling of letters or numbers on the coin.
Value: Error coins can sell for anywhere from $20 to over $100, depending on how rare and noticeable the error is.
3. San Francisco Proof Coins
Proof coins are struck at the San Francisco Mint and feature sharp details and a mirror-like finish.
- Value: These coins are worth $5 to $10 or more, depending on their condition and grade.
How to Spot a Valuable 2016 Nickel
Here’s what to look for when examining your 2016 nickels:
- Mintmark: Check for the “D” (Denver) or “S” (San Francisco) mintmark.
- Condition: Coins with minimal wear and sharp details are more valuable. Pay attention to Monticello’s steps for the Full Steps designation.
- Errors: Look carefully for off-center strikes, die cracks, or doubled designs.
Where to Find and Sell 2016 Nickels
You can find valuable 2016 nickels in a variety of places:
- Pocket Change: It’s still possible to find error nickels or high-grade coins in circulation.
- Bank Rolls: Buy rolls of nickels to increase your chances of finding uncirculated or error coins.
- Collectors’ Markets: Visit coin shops or online platforms like eBay to find or sell rare 2016 nickels.
If you want to sell a valuable coin, consider reputable coin dealers, auctions, or online marketplaces to get the best price.
Preserving Your Coins
To keep your 2016 nickels in top condition:
- Handle Carefully: Hold coins by their edges to avoid damaging the surface.
- Use Protective Storage: Store coins in holders, albums, or airtight containers to prevent scratches and tarnishing.
- Avoid Cleaning: Cleaning can damage a coin and lower its value, so leave it to professionals if necessary.
Why the 2016 Nickel Matters
The 2016 Jefferson nickel is more than just spare change—it’s a potential collector’s item. With its historical design, rare Full Steps examples, and unique errors, this coin has something for everyone.
Even if most 2016 nickels are worth just five cents, there’s always a chance you could find a hidden gem in your pocket or a bank roll.
Whether you’re a seasoned collector or just curious, take a closer look at your 2016 nickels. You never know—you might have a valuable coin in your hands!
