The 1912-S Liberty Head Nickel is a special coin for collectors. With only 238,000 of these coins made, it’s the rarest in the Liberty Head Nickel series. This makes it more scarce than many Buffalo or Jefferson nickels. What’s even more interesting is that this was the first nickel produced at the San Francisco Mint. Let’s explore why this nickel is so important and what collectors should know.
Understanding the 1912-S Liberty Head Nickel
The 1912-S Liberty Head Nickel has a unique place in coin history. Its low mintage means fewer coins are available, making it a sought-after piece for many collectors. Even though it’s not labeled as a “key date” coin, it still has a strong following and can fetch high prices in the market.
Market Data and Collecting Trends
Surprisingly, despite its low numbers, the 1912-S isn’t always considered a must-have for collectors. However, it does hold significant value and is popular among coin enthusiasts. A notable controversy arose when NGC’s Chairman Mark Salzberg pointed out changes in the population of high-grade coins over the years. For example, the number of MS66 grade 1912-S nickels reported by PCGS skyrocketed from just eight in 2012 to nearly 50 by 2017.
Population and Grading Insights
Grading services like PCGS and NGC keep track of how many coins exist in specific grades. The 1912-S has seen a rise in the number of higher-quality specimens being discovered. This is partly due to the finding of original rolls of coins that had never been circulated. Collectors keep an eye on these population reports to gauge the coin’s value.
Noteworthy Sales
Here are some remarkable sales of 1912-S nickels in high grades:
| Grade | Auction House | Date | Sale Price |
|---|---|---|---|
| MS66+ | Stack’s Bowers | March 19, 2020 | $7,200 |
| MS66+ | Heritage | April 23, 2020 | $9,900 |
| MS66 | Heritage | May 4, 2022 | $4,560 |
| MS66 | Legend Rare Coin Auctions | December 16, 2021 | $4,935 |
| MS66 | Stack’s Bowers | August 16, 2021 | $4,680 |
These sales show that the 1912-S can command impressive prices, especially in higher grades.
The Design of the 1912-S Liberty Head Nickel
Obverse Design
On the front, or obverse, of the coin, you’ll see Liberty facing left. She has her hair styled in a bun and wears a coronet with the word “LIBERTY” on it. Surrounding her are 13 stars, representing the original states.
Reverse Design
The back of the coin features a large “V” for five cents, surrounded by cotton and corn, symbolizing American agriculture. Above the wreath is the motto “E PLURIBUS UNUM,” meaning “Out of many, one.” The “S” mintmark indicates it was made in San Francisco.
Specifications of the Coin
Here’s a quick overview of the 1912-S Liberty Head Nickel’s specifications:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1912 |
| Denomination | Five Cents |
| Mintmark | S (San Francisco) |
| Mintage | 238,000 |
| Composition | 75% copper, 25% nickel |
| Weight | 5.0 grams |
| Diameter | 21.2 mm |
| Edge | Plain (no lettering) |
| Obverse Designer | Charles E. Barber |
| Reverse Designer | Charles E. Barber |
Designer Background
The coin was designed by Charles Edward Barber, who served as the chief engraver of the U.S. Mint. He created several well-known coins during his time, including the Liberty Head “V” Nickel.
Conclusion
The 1912-S Liberty Head Nickel is more than just a coin; it’s a piece of history. With its low mintage, unique design, and rich background, it captures the interest of collectors everywhere. Whether you are a seasoned collector or just starting, understanding this coin’s significance can enhance your collection. Collecting coins like the 1912-S not only brings joy but also a chance to own a piece of history. As you explore the world of numismatics, keep an eye out for this remarkable nickel!
FAQ’s
Why is the 1912-S Liberty Head Nickel so rare?
The 1912-S Liberty Head Nickel is rare because only 238,000 were minted, making it the lowest circulation mintage in the Liberty Head Nickel series.
What does the “S” mintmark mean on the 1912-S Nickel?
The “S” mintmark indicates that the coin was produced at the San Francisco Mint, marking it as the first nickel made at that location.
How can I determine the value of a 1912-S Liberty Head Nickel?
The value of a 1912-S Nickel depends on its grade and condition. High-grade specimens can sell for thousands at auction, so consulting a coin grading service or expert is recommended for an accurate appraisal.