Last Updated on May 24, 2022
The 1902 nickel is also known as the Liberty Head V Nickel, and it has a decent value if you are looking to obtain this coin and add it to your collection. Because of this, you must understand how much you can get for this coin. If you want to know this coin’s worth, you have come to the right place.
Here is a complete guide that will help you understand the value of this nickel.
How Much Is A 1902 Nickel Worth?
The value of the 1902 nickel will depend on the condition you find it in. For example, if you have this coin in average condition, it will be worth close to $3. On the other hand, it can be worth anywhere between $80 and $140 if you have this coin in uncirculated mint condition.
The coins in uncirculated condition and good grading will have a high value. However, this coin will not be worth more than $150, regardless of the condition you find it in. Of course, the proof coin will have a value that will be slightly higher, but not significantly.
The coin’s value is calculated according to the metal value, grading system, condition, and much more. All of these factors will determine how much your 1902 nickel is worth.
What Is A Barber Nickel?
Charles E. Barber designed the Barber nickels or coins. He was the Chief Engraver of the US Mint during a certain time. These series include the Barber dime, quarter, and half dollar.
All of these Barber coins were minted between 1892 and 1916. However, during the final year of the series, you will find that no half dollars were struck. Therefore, the 1902 nickel is also known as the 1902 Barber nickel.
Are Barber Coins Rare?
Barber coins are not that rare, but the ones that depend on the coin, their grading, condition, and value. For example, some series minted in New Orleans and San Francisco can be rare. However, that will depend on various other factors.
If you want to determine the value of your Barber coin, you should go to a professional and let them check the worth. They will let you know if your Barber coin is of any monetary value you can gain from.
Where Can You Get A 1902 Nickel From?
Being one of the favorite collectible coins, many people want to get their hands on the 1902 nickel. You can get the 1902 nickel from a pawn shop or a private collector.
Nowadays, due to the increasing demand for such unique coins, everyone is trying to deal with them. For example, you can also get the 1902 nickel from Amazon and eBay.
However, wherever you are buying from, ensure that the coin is original and you are not overpaying. On such online platforms, sellers ask for very high prices that are far above the coin’s value.
What Is The 1902 Nickel Made Up Of?
Nickel is one of the smallest denominations of the US currency. Therefore the coins also have to make to match the value of the denomination.
The small denominations coins were made out of nickel and other metal components in previous times. Just like that, the 1902 nickel is made up of copper and nickel.
However, the 1902 nickel coin contains 75% of copper and 25% of nickel.
How Many Were 1902 Nickels Minted?
The 1902 nickels were only minted in the main mint of Philadelphia. However, being the smallest denomination, the nickels were produced in large quantities.
There were around 31,480,579 coins of the 1902 nickels ever minted. All these were circulated in the economy.
Why Is There No Mintmark On The 1902 Nickel?
The mintmark is one of the official stamps of the mint; it was produced and engraved on the coin. The mintmark, when present, is on the reverse side of the coin.
You wouldn’t see any mintmark on a 1902 nickel because it was only produced in the Philadelphia mint. Being the main mint of the US, the coins produced here don’t have any mintmark.
So if you look at the 1902 nickel, you won’t be able to find the mintmark on any side.