The 1885 Three-Cent Nickel is a notable coin in American numismatic history, valued for its rarity and unique design. Produced by the Philadelphia Mint, this coin is a collector’s dream due to its limited mintage and historical significance. This guide provides an in-depth look at the 1885 Three-Cent Nickel, including its market data, notable specimens, design details, and specifications.
In 1885, the Philadelphia Mint produced fewer circulation strikes of the Three-Cent Nickel compared to Proof versions. After a high mintage of one million coins in 1881, the need for additional circulation strikes was minimal. Only 1,000 circulation strike 1885 Three-Cent Nickels were made, giving the coin a total face value of $30. This limited production adds to the coin’s rarity.
Market Data and Noteworthy Specimens
The table below summarizes the market data for the 1885 Three-Cent Nickel, highlighting auction results for notable specimens:
| Coin | Grade | Auction House | Date | Lot Number | Sale Price | Details |
|---|---|---|---|---|---|---|
| PCGS MS67 #21765648 | MS67 | Heritage Auctions | February 24, 2005 | Lot 4020 | $19,118.75 | Nearly pristine surfaces, sharply struck. |
| PCGS MS66+ #25383974 | MS66+ | Heritage Auctions | November 1, 2013 | Lot 3526 | $21,150 | Also offered by Stack’s Bowers in August 2020. |
| CACG MS66 #995952458 | MS66 | DLRC | August 8, 2024 | Lot 781236 | View | Part of Dell Loy Hansen’s collection. |
| PCGS MS66 CAC #25605004 | MS66 CAC | Heritage Auctions | June 9, 2016 | Lot 4308 | $16,450 | Streaky gold and peach toning. |
| PCGS MS66 #25204287 | MS66 | Heritage Auctions | June 4, 2015 | Lot 3805 | $16,450 | Scattered spotting and well struck. |
| NGC MS66 CAC #3058475-001 | MS66 CAC | Heritage Auctions | January 4, 2012 | Lot 3077 | $20,700 | Also sold in June 2014 for $22,325. |
Design of the 1885 Three-Cent Nickel
The design of the 1885 Three-Cent Nickel features several distinct elements:
| Design Element | Description |
|---|---|
| Obverse | Features a left-facing head of Liberty with a diadem inscribed “LIBERTY”. The legend “UNITED STATES OF AMERICA” surrounds the head, and the date appears at the bottom. The coin has a denticulated border and a raised rim. |
| Reverse | Displays a large Roman numeral III surrounded by a closed wreath. |
| Edge | Plain, without reeding or lettering. |
Coin Specifications
The table below lists the specifications for the 1885 Three-Cent Nickel:
| Specification | Details |
|---|---|
| Country | United States of America |
| Year of Issue | 1885 |
| Denomination | Three Cents (USD) |
| Mintmark | None (Philadelphia) |
| Mintage | 1,000 |
| Alloy | 75% Copper, 25% Nickel |
| Weight | 1.94 grams |
| Diameter | 17.90 mm |
| Edge | Plain |
| Obverse Designer | James Barton Longacre |
| Reverse Designer | James Barton Longacre |
Conclusion
The 1885 Three-Cent Nickel is a rare and valuable coin, making it a prized possession for collectors. With only 1,000 coins minted and a limited number remaining in Mint State condition, this coin holds significant historical and monetary value. Understanding its market data, design features, and specifications can enhance your appreciation and guide you in acquiring this rare piece of numismatic history.
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FAQ’s
What makes the 1885 Three-Cent Nickel so rare?
The 1885 Three-Cent Nickel is considered rare due to its limited mintage. Only 1,000 coins were produced for circulation, making it scarce compared to other coins from the same era. Additionally, many of these coins have been lost or are in poor condition, further increasing its rarity and value among collectors.
How can I tell if my 1885 Three-Cent Nickel is a Proof or a circulation strike?
To distinguish between a Proof and a circulation strike 1885 Three-Cent Nickel, examine the coin’s surface quality. Proof coins typically have a shiny, mirror-like finish with sharp details and minimal imperfections, while circulation strikes have a more matte appearance with potential signs of wear. Certification from a grading service like NGC or PCGS is also essential for accurate identification.
What is the current market value of an 1885 Three-Cent Nickel?
The market value of an 1885 Three-Cent Nickel varies based on its condition and grade. As of recent auction data, Mint State examples can range from $16,000 to over $21,000. The exact value depends on factors like surface quality, toning, and provenance. For the most accurate valuation, consult recent auction results or a reputable coin dealer.
