The 1912 Liberty Head V Nickel stands as a significant piece in American numismatic history, marking the final year of the Liberty Head design’s circulation. Its unique features and varying mintages across different facilities make it a prized possession for collectors. This article delves into its history, value determinants, and essential insights for enthusiasts.
Understanding the 1912 Liberty Head V Nickel
Designed by Charles E. Barber, the Liberty Head V Nickel was minted from 1883 to 1912. The obverse showcases Lady Liberty adorned with a coronet, while the reverse features a prominent Roman numeral “V,” signifying its five-cent denomination.
In 1912, the coin was produced at three mints: Philadelphia (no mint mark), Denver (“D” mint mark), and San Francisco (“S” mint mark).
Mintage Figures and Their Impact on Value
The rarity and value of the 1912 Liberty Nickel are significantly influenced by its mintage numbers:
| Mint Location | Mint Mark | Mintage Quantity | Relative Scarcity |
|---|---|---|---|
| Philadelphia | None | 26,234,569 | Common |
| Denver | D | 8,474,000 | Less Common |
| San Francisco | S | 238,000 | Rare |
Note: The San Francisco mint produced the fewest coins, making the 1912-S variant particularly scarce and valuable.
Grading Standards and Condition Assessment
The coin’s condition is pivotal in determining its market value. Grading ranges from Poor (P-1) to Perfect Uncirculated (MS-70). Key grading categories include:
- Good (G-4): Significant wear with major details worn smooth.
- Fine (F-12): Moderate wear with some details visible.
- Extremely Fine (EF-40): Light wear with all details sharp.
- Uncirculated (MS-60 to MS-70): No wear; may have minor imperfections.
High-grade coins, especially those from the San Francisco mint, command premium prices due to their rarity.
Market Values Based on Condition
The 1912 Liberty Nickel’s value varies with its condition and mint origin:
| Condition/Grade | 1912 (No Mint Mark) | 1912-D | 1912-S |
|---|---|---|---|
| Good (G-4) | $2.41 | $4.69 | $155 |
| Fine (F-12) | $4.79 | $7.50 | $183 |
| Extremely Fine (EF-40) | $36 | $32 | $425 |
| Uncirculated (MS-60) | $99 | $135 | $8,750 |
Values are approximate and can fluctuate based on market demand and coin authenticity.
Factors Contributing to Rarity
Several elements enhance the 1912 Liberty Nickel’s desirability:
- Low Mintage: Especially the 1912-S, with only 238,000 coins produced.
- Historical Significance: Represents the final year of the Liberty Head design.
- Mint Marks: The 1912-D and 1912-S are the only Liberty Nickels with mint marks, adding to their uniqueness.
The 1912 Liberty Head V Nickel is a testament to a bygone era, offering collectors a tangible link to history. Its varying mintages, unique features, and the significance of being the last in its series make it a cherished addition to any collection.
By understanding its nuances and market dynamics, collectors can fully appreciate and preserve this numismatic gem.
What makes the 1912-S Liberty Head V Nickel so valuable?
Its low mintage of 238,000 coins and status as the only Liberty Nickel minted in San Francisco contribute to its high value.
How can I determine the mint origin of my 1912 Liberty Nickel?
Check the reverse side near the bottom rim. A “D” indicates Denver, an “S” signifies San Francisco, and the absence of a mint mark denotes Philadelphia.
Is it advisable to clean my 1912 Liberty Nickel to enhance its appearance?
No, cleaning can diminish the coin’s value. It’s best to maintain its original condition.
