Last Updated on May 27, 2022
Also known as the Liberty head V nickel, the 1901 nickel is one of the most famous coins across the US. Many collectors want to get their hands on the 1901 nickels due to their rising value. But before getting the 1901 nickel, there is a lot about it that you should know.
Below we have mentioned some of the questions that everyone has regarding the 1901 nickel.
How Much Is A 1901 Nickel Worth?
The 1901 nickel is worth around $2 and $2.55 in very good condition. If the nickel is in fine condition, it will hold a value of $5.42. on the other hand, you can easily get $34 for extremely fine condition nickels.
However, the 1901 penny with an MS-60 grade in the uncirculated condition is worth around $83. And for the MS-63 grade coin, you will easily get around $140. Yes, the proof coins are also available, and they hold a value of $285.
There is no other variant of the 1901 nickel as they were only produced in the main mint of Philadelphia.
Where Is The Mintmark On 1901 Nickel?
The 1901 Liberty head V nickel was produced in the mint of Philadelphia. Therefore, you would find any mintmark on these nickels. Unfortunately, it is the law due to which it is not allowed to engrave mintmark on the coins produced in the Philadelphia mint.
If the mintmark were present, you would’ve found it on the coin’s obverse side, but it isn’t.
Is There Any Melt Value Of The 1901 Nickel?
The coin’s melt value is the value that one can get by extracting the precious metal the coin contained in 1901; nickel contained around 75% copper and 25% nickel.
As the nickel doesn’t contain any silver, there will be a melt value, but it is going to be a very low one. The melt value you can get from a 1901 nickel is around $0.0675, which is lower than the face value of the coin. However, this is all you can get by melting the nickel and extracting copper.
Is The 1901 Nickel Difficult To Find?
Undoubtedly, 1901 is one of the oldest coins of the US currency. Produced in the early previous century, the 1901 nickel is the most famous coin. Many collectors are looking to get their hands on the nickel, and they may have succeeded in it.
This is due to 1901 circulated in high numbers. The nickel was produced only in one mint but was in a large quantity. There were around 26.4 million coins minted of the 1901 nickel. Therefore, it may not be as difficult to find.
However, issued in such a huge quantity, the 1901 nickels in uncirculated condition hold a higher price than other condition coins.
What Are The 1901 Liberty Head V Nickels?
Carrying out production in such huge numbers can sometimes face some challenges. That is what happened to the 1901 nickels. The error coins of the 1901 nickels were unheard of until the last decade.
The error in these nickels was due to the overuse of dies. Due to this, the overused dies created coins that had poor quality of details and little luster.
What Is On The Obverse Side of The 1901 Nickel?
The obverse side of a coin is mainly known as the head side of a coin. Here on the obverse side of the 1901 nickel, Liberty’s portrait is in the center of the coin. The headband on the portrait of Liberty has “Liberty” engraved.
Around Liberty, you will find 13 stars covering the entire obverse side of the nickel. Lastly, you will find “1901” engraved right under the under of Liberty. This is all you can see on the obverse side of the coin.
What Is The Metal Composition Of The 1901 Nickel?
The metal composition of the coins is the metal content it is made up of. Other than it tells the color the coin will most probably have.
The metal composition of the 1901 nickel is 75% copper and 25% nickel. Therefore, the nickel will have a bronze shade of color. The metal composition also helps calculating the melt value of a coin.
Find Out How Much Is A 1901 Quarter Worth