The 1885 Three-Cent Nickel is a rare and valuable coin that holds a special place in U.S. history. It was produced by the Philadelphia Mint and is highly sought after by collectors due to its limited mintage and unique design. With only 1,000 circulation strikes made, this coin is a prized possession for those who are passionate about numismatics. Let’s explore the details behind the 1885 Three-Cent Nickel, its market value, and what makes it so significant.
Limited Mintage and Rarity
In 1885, the U.S. Mint in Philadelphia made only 1,000 Three-Cent Nickels for circulation, while the majority produced were Proof versions. After the large production run of over one million coins in 1881, the demand for circulation strikes decreased, making the 1885 version exceptionally rare. Its rarity has contributed to its high value among collectors, and owning one is a mark of prestige in the numismatic world.
Market Data and Notable Auctions
The value of the 1885 Three-Cent Nickel has skyrocketed over the years. Below are some notable sales:
| Grade | Auction House | Date | Sale Price | Details |
|---|---|---|---|---|
| MS67 | Heritage Auctions | Feb 24, 2005 | $19,118.75 | Nearly flawless, sharply struck coin |
| MS66+ | Heritage Auctions | Nov 1, 2013 | $21,150 | Sold by Stack’s Bowers in Aug 2020 |
| MS66 CAC | Heritage Auctions | June 9, 2016 | $16,450 | Gold and peach toning with clear details |
| MS66 | Heritage Auctions | June 4, 2015 | $16,450 | Minor spotting, well struck |
| MS66 CAC | Heritage Auctions | Jan 4, 2012 | $20,700 | Sold again in 2014 for $22,325 |
These auction results highlight the coin’s increasing value over time, especially for those in near-perfect condition.
Design of the 1885 Three-Cent Nickel
The 1885 Three-Cent Nickel’s design is both simple and elegant:
- Obverse: The front side of the coin features a left-facing Liberty head wearing a diadem with the word “LIBERTY” inscribed on it. Around Liberty’s head is the legend “UNITED STATES OF AMERICA,” with the year 1885 displayed at the bottom.
- Reverse: The back of the coin shows a large Roman numeral III, representing the coin’s three-cent denomination, surrounded by a closed wreath.
- Edge: The edge of the coin is plain, without any special inscriptions or reeding.
Coin Specifications
Here are the specifications of the 1885 Three-Cent Nickel:
| Specification | Details |
|---|---|
| Country | United States |
| Year of Issue | 1885 |
| Denomination | Three Cents |
| Mintage | 1,000 circulation strikes |
| Alloy | 75% Copper, 25% Nickel |
| Weight | 1.94 grams |
| Diameter | 17.90 mm |
| Edge | Plain |
| Designer | James Barton Longacre |
The 1885 Three-Cent Nickel is a valuable and rare piece of U.S. coinage history. With only 1,000 coins minted for circulation, finding one in Mint State condition is a significant accomplishment for collectors. Its rarity, unique design, and rising market value make it a highly desirable coin for numismatists. Whether you’re an experienced collector or a beginner, understanding the history and specifications of this coin will help you appreciate its true value.
Why is the 1885 Three-Cent Nickel so rare?
Only 1,000 coins were minted for circulation, making it one of the rarest coins from that time period.
What is the current value of the 1885 Three-Cent Nickel?
Depending on its condition, the 1885 Three-Cent Nickel has sold for between $16,450 and $21,150 at auctions.
Who designed the 1885 Three-Cent Nickel?
James Barton Longacre, the Chief Engraver of the U.S. Mint, designed both the obverse and reverse of the coin.
What materials were used to make the 1885 Three-Cent Nickel?
The coin was made from 75% copper and 25% nickel, giving it a unique composition among other U.S. coins.
What makes the 1885 Three-Cent Nickel valuable to collectors?
Its rarity, limited production, historical importance, and unique design make it highly valuable to coin collectors.