If you are wondering how much is a gold colored nickel worth, you’re not alone. Nickels have a fascinating history. It all began with the American Civil War, during which widespread panic and hoarding of precious metals caused coinage to almost disappear overnight. As a result, the Mint wasn’t able to keep up with demand and coinage became obsolete for simple everyday transactions. However, there are several factors that make a gold colored nickel worth more than just its face value.

Value

If you’ve been wondering, “What’s the Value of a Gold Colored Nickel?”, you’ve come to the right place. The following information is based on the average selling price for a gold-colored nickel. The values listed are for Very Fine-20 coins minted before 1960 and uncirculated coins minted after that date. While there are many other factors that go into the value of a gold-colored nickel, these three main ones affect value.

First, you’ll want to know what a genuine gold-colored nickel looks like. Unlike gold-plated nickels, real RNs are struck with reeding in the edge. Authentic RNs have this reeding, and they’re worth more than $50. A few hundred dollars is a lot of money for a gold-plated nickel, and it may be worth more than that.

Scarcity

Gold colored nickels have been in scarce supply in the United States for years. While gold is a historically reliable store of value, it is also quite expensive – the amount of gold mined could fill a 65-foot box. Copper, on the other hand, is very useful in electronics, yet it is worth a fraction of gold. Gold, for example, comprises 0.00000031% of the Earth’s crust, but is worth over $1,500 an ounce.

Historically, the history of the nickel dates back to the American Civil War. Coinage was scarce during this time because the nation was in the midst of a war, and many citizens were frantically hoarding coins and precious metals. The government didn’t have enough resources to make more coins, and the coins almost vanished overnight. Luckily, a small community of financial speculators, such as Kyle Bass, began hoarding nickels for use in their inflation plan.

Grade

Whether you’re trying to sell your coins on eBay or at a local coin show, you must know what grade they are. There are three types of grades: good, very fine, and uncirculated. While good nickels tend to be the most common and most collectible, they do have some flaws that decrease their value. Fortunately, there are ways to find out the grade of any coin so that you can make the most money.

If you’re looking for a higher value, try to find a V-Nickel in fine or ultra-fine condition. The value of this coin depends on the minting year and its relative scarcity. An 1889 V-Nickel graded uncirculated may bring you more than $100, while a 1908 gold-colored nickel in perfect condition can command over $1500. Moreover, if your V-Nickel is in perfect condition, you can pay a coin grader to help you determine its worth.

Varieties

There are many different types of gold colored nickel. These coins have a rich history dating back to the American Civil War, which led to widespread panic and hoarding of precious metals. As a result, coinage almost disappeared overnight. But the Mint didn’t have the resources to keep up with demand. In fact, many people were unable to make simple daily transactions without coinage. So they began to make their own.

Price

If you’ve ever wondered how to tell whether your U.S. nickel is worth more or less than its gold counterpart, you’ve come to the right place. Coin collector Susan Ross has written more than 150 articles for The Spruce, including many about coins. The prices listed here are based on current dealer values, and should not be considered the final price you’ll receive for a specific coin. In addition, she’s a member of the American Numismatic Association, which helps her determine U.S. nickel values.