Your Old Canadian Nickels May Now Be Worth $10,000
When collecting coins actually pays off!
If you've ever thought about collecting Canadian coins, this article is sure to prove why it's a great idea. Some Canadian nickels are known to be worth up to $10,000 and even the less rare iterations can still get you $100 or more.
So how do you know if you've got a knuckle full of rare nickels? Well take a look at some of the rarest ones below and then be sure to keep your eyes peeled whenever you're dealing with change - who knows what you could pocket by accident!
If you come across a coin that is 50 years old or more, you're even more likely to have your hands on something rare. I know that seems old, but now that we're nearing 2020, it's not that unlikely to come across these older coins.
1965 "Large Beads" Nickel
According to My Road To Wealth And Freedom, the Canadian mint introduced two new nickels in 1965, one with 138 large "beads" around the circumference of the coin, and a second version with only 119 small beads. The 138 Large Beads is the coin that could fetch you several thousand dollars at auction, particularly if it is in good condition.
1953 "No Shoulder Fold" Nickel
Apparently, "mint and near mint" examples of these rare coins can sell at auction for anywhere between $2,000 and $4,000. What you're looking for with these 1953 coins is the queen with no shoulder fold in her dress, and the lettering of "DEI GRATIA" that will be "flared," not straight. Learn more about these distinguishing features here.
1953 "Shoulder Fold" Nickel
These coins were created as a correction to the coin mentioned above that lacked a shoulder fold on the bust of the Queen. They also feature straight letters in the "DEI GRATIA," unlike the coin mentioned above. More details here.
1951 "High Relief" Nickel
The 1951 "high relief" nickels were struck by mistake and feature an "A" in "DEI GRATIA" that points directly to one of the rim denticles. Depending on their condition, they can be worth several thousand dollars, according to MRTWAF.
1947 "Dot" Nickel
This nickel has a bit of a cool story. According to MRTWAF, the reason this coin is worth so much is because of a little dot next to the date on the beaver side of the nickel. It was originally a little maple leaf, but over time the maple leaf on the die "deteriorated to the point where it simply produced a small dot." This coin can get you anywhere between $1,000 and $2,500.
1926 "Far 6" Nickel
This is an old one - so you're likely not going to have it handed to you as change in a cab. But even still, it's cool to know there are Canadian nickels out there worth as much as $10,000. This coin is worth so much because it is so rare. How can you tell if it's the rare iteration? The "6" in 1926 is farther away from the maple leaf on the face of the coin (the less rare versions show the 6 nearly touching the maple leaf).
At My Road To Wealth And Freedom, there are five more nickels that are also worth a "pretty penny" (if you will) if they are in mint condition.
They are also significantly older coins, some dating as far back as 1925, so you're a lot less likely to stumble across them at the convenience store.
But if you've got a grandma or aunt who's been hanging on to some old coins, now might be the time to show a little interest.