The 1912-S Liberty Head Nickel is one of the most coveted coins for collectors, standing out for its rarity, historical significance, and unique minting process.
As the only Liberty Head Nickel struck at the San Francisco Mint, this coin has become a prized piece in numismatic collections. With a mintage of just 238,000, it holds a special place in American coin history.
This article will explore every detail of the 1912-S Liberty Head Nickel, including its design, rarity, value, and why it’s worth adding to your collection.
The History of the 1912-S Liberty Head Nickel
The Liberty Head Nickel, also known as the “V” Nickel because of the large Roman numeral “V” on its reverse, was produced from 1883 to 1912. The coin was designed by Charles E. Barber, the Chief Engraver of the United States Mint at the time. The 1912-S Nickel, minted in San Francisco, was the last of its kind and the only one in the series struck outside Philadelphia.
Production of the 1912-S Nickel began in late December 1912, marking a historic moment for the San Francisco Mint as it was the first time the facility had produced nickels. This makes the 1912-S Nickel unique not just for its design but also for being the only Liberty Head Nickel minted on the West Coast.
Design Features of the 1912-S Liberty Head Nickel
The obverse of the 1912-S Liberty Head Nickel features Lady Liberty wearing a coronet inscribed with the word “Liberty.” Surrounding Liberty are 13 stars representing the original 13 colonies of the United States.
The reverse of the coin displays a large Roman numeral “V,” symbolizing five cents, with the words “United States of America” and “E Pluribus Unum” surrounding it.
What sets the 1912-S Nickel apart from other Liberty Nickels is the small “S” mint mark on the reverse, just below the “V” and next to the rim.
Why Is the 1912-S Liberty Head Nickel So Rare?
The 1912-S Nickel had a mintage of only 238,000 coins, making it one of the rarest Liberty Nickels ever produced. While other Liberty Head Nickels from 1912, such as the 1912-D minted in Denver, were produced in higher numbers, the San Francisco issue stands out for its scarcity.
Of the 238,000 originally minted, many have been lost or destroyed over time. It is estimated that fewer than 5,000 examples of the 1912-S Liberty Head Nickel survive today, with only around 250 coins in mint-state condition.
Current Market Value
The 1912-S Liberty Head Nickel is highly valued by collectors, particularly in higher grades. Depending on the coin’s condition, prices can range from a few hundred dollars to several thousand. Here is a breakdown of typical values:
| Grade | Value (USD) |
|---|---|
| Good (G-4) | $150 |
| Very Fine (VF-20) | $473 |
| Extremely Fine (EF-40) | $1,140 |
| Uncirculated (MS-60) | $1,895 |
| Mint State (MS-66) | $5,475 |
In auctions, some of the highest-graded examples of the 1912-S Nickel have fetched over $37,000, reflecting the coin’s desirability among collectors.
Grading and Authentication
Given the high value of this coin, it’s essential to have any 1912-S Liberty Head Nickel graded and authenticated by a reputable third-party service like PCGS or NGC.
Coins in Mint State (MS) grades command the highest prices, with a few examples in MS-66 and MS-66+ conditions setting auction records.
Investing in the 1912-S Liberty Head Nickel
The 1912-S Nickel remains a solid investment for coin collectors, especially those interested in rare U.S. coins. Its historical significance, combined with its limited mintage and survival rate, makes it a desirable piece.
As with all rare coins, the value of the 1912-S Nickel can fluctuate based on market demand, condition, and recent auction results. However, its rarity ensures that it will always have a strong place in the numismatic market
Conclusion
The 1912-S Liberty Head Nickel is a must-have for serious coin collectors. Its historical significance, rarity, and strong market performance make it one of the most valuable Liberty Nickels available.
Whether you’re a seasoned collector or a beginner, this coin represents a unique opportunity to own a piece of U.S. history.
FAQs
1. Why is the 1912-S Liberty Head Nickel so rare?
The 1912-S Liberty Head Nickel had a mintage of only 238,000 coins, and fewer than 5,000 are believed to survive today.
2. What is the highest price ever paid for a 1912-S Liberty Head Nickel?
The highest price paid for a 1912-S Nickel in Mint State condition was $37,375 at an auction in 2012.
3. How can I tell if my 1912-S Nickel is authentic?
Look for the “S” mint mark on the reverse side of the coin, just below the “V.” It’s also recommended to have the coin authenticated by PCGS or NGC.
4. What factors affect the value of the 1912-S Nickel?
The coin’s value is primarily determined by its condition, rarity, and demand. Coins in mint-state condition fetch higher prices, while those with wear are less valuable.
5. Is the 1912-S Liberty Head Nickel a good investment?
Yes, due to its historical significance, rarity, and strong market demand, the 1912-S Nickel is considered a good long-term investment.
References:
- “1912-S Liberty Head Nickel: History & Value” – CoinWeek(CoinWeek).
- “1912-S Liberty Head ‘V’ Nickel Coin Value Prices” – USA Coin Book(USA Coin Book).
- “1912-S Liberty Head Nickel” – PCGS(PCGS).
- “1912 S V Nickel Value” – APMEX(APMEX).
