Coins are more than just currency—they are historical artifacts, collectibles, and occasionally hidden treasures. Among everyday coins, the nickel is often overlooked, but certain nickels can be highly valuable to collectors. Recently, a rare nickel was discovered inside a movie theater popcorn machine, reminding us that valuable coins can be hiding in the most unexpected places.
This article explores the history of rare nickels, their value, notable discoveries, and tips for collectors. It also explains why even everyday coins in unusual locations can hold significant worth.
The History of the Nickel
The nickel is a five-cent coin issued by the United States Mint. Its history dates back to the 19th century, and it has undergone several design changes, each with unique collectible value.
A. Early Nickels
- Shield Nickel (1866–1883): The first five-cent coin to be made entirely of nickel rather than silver. Its obverse features a shield design.
- Liberty Head “V” Nickel (1883–1912): Features a “V” for five on the reverse. Some 1883 versions became famous for missing “cents” inscriptions, making them highly valuable.
B. Buffalo Nickel (1913–1938)

- Features a Native American profile on the obverse and an American bison on the reverse.
- Many of these coins are sought after by collectors for their design, historical significance, and rarity.
C. Jefferson Nickel (1938–Present)

- Introduced to honor President Thomas Jefferson.
- Obverse: Jefferson’s portrait.
- Reverse: Monticello, Jefferson’s Virginia home.
- Certain years, mint marks, and errors make Jefferson nickels highly collectible today.
What Makes a Nickel Rare?
Several factors contribute to a nickel’s rarity and value:
A. Year and Mint Mark
- Certain years had limited production, such as the 1939-D Jefferson nickel or 1913 Liberty Head V nickel.
- Mint marks (D for Denver, S for San Francisco, P for Philadelphia) can affect a coin’s scarcity.
B. Errors and Varieties

- Double dies, off-center strikes, missing mint marks, or planchet errors significantly increase a coin’s value.
- For example, an 1883 Liberty Head nickel without “cents” can be worth thousands.
C. Condition and Grading
- Uncirculated (MS-65 to MS-70) coins are much more valuable than heavily circulated coins.
- Even minor scratches or wear can significantly reduce the coin’s market value.
D. Metal Composition
- Early nickels contained high percentages of nickel or silver, adding intrinsic metal value.
- Modern nickels are primarily copper-nickel, but rare varieties can still be valuable due to scarcity or collector demand.
The Movie Theater Popcorn Machine Discovery
The discovery of a rare nickel in a popcorn machine highlights the unpredictability of coin collecting.
A. How the Discovery Happened
- Movie theaters often collect coins from ticket machines, vending machines, and popcorn machines.
- While sorting through the coins during routine maintenance, a rare nickel was identified among thousands of ordinary coins.
B. Why It’s Significant
- Most nickels in circulation are common Jefferson nickels from recent decades.
- Finding a rare or valuable nickel in such a setting is unusual and demonstrates that hidden treasures can still exist in everyday life.
C. Collector Reactions

- Numismatic experts emphasize that even minor coins can hold historical and monetary value.
- This type of discovery encourages both collectors and the public to carefully examine coins in circulation.
Notable Rare Nickel Coins
Some nickels are particularly valuable or historically significant:
A. Liberty Head “V” Nickel
- 1883 “No Cents” Error: Worth $10,000–$100,000 depending on condition.
- 1913 Liberty Head Nickel: Only five known to exist, extremely rare.
B. Buffalo Nickels
- 1913-S Type 2: Highly sought after due to limited mintage.
- 1937-D Three-Legged Nickel: Error coin, extremely rare and valuable.
C. Jefferson Nickels
- 1939-D: Rare in mint state.
- 1950-D and 1951-S Proofs: Limited numbers, valuable to collectors.
- Error nickels (double die, off-center strikes) often sell for hundreds or thousands.
How to Identify Valuable Nickels
Collectors looking to find valuable nickels should consider the following:

A. Examine the Year and Mint Mark
- Focus on years known for low production or special errors.
- Look for mint marks indicating rarity (D, S, or no mint mark).
B. Check for Errors
- Off-center strikes, double dies, and missing inscriptions are particularly valuable.
C. Assess Condition
- Uncirculated coins (MS-65 to MS-70) command the highest market value.
- Circulated coins may still be valuable if rare or historically significant.
D. Seek Professional Grading
- Services like PCGS and NGC can authenticate and grade coins, ensuring accurate valuation.
Why Everyday Coins Can Be Valuable
The nickel in the popcorn machine demonstrates that:
- Old coins remain in circulation: Not all rare coins have been removed or sold.
- Common locations can hide treasures: Vending machines, arcade machines, parking meters, and popcorn machines can all contain valuable coins.
- Collector vigilance pays off: Examining coins carefully can lead to exciting discoveries.
Tips for Coin Collectors
- Examine Loose Change Regularly: Rare coins can appear in pocket change, jarred coins, or vending machine collections.
- Store Coins Properly: Use protective holders and avoid touching coins with bare hands.
- Know Rare Varieties: Study key nickel types and years to identify potential value.
- Join Collector Communities: Forums and clubs can provide insights and networking.
- Stay Updated on Market Trends: Auction results and coin catalogs help track value fluctuations.
The Appeal of Rare Nickels
Nickels may seem ordinary, but rare coins hold several attractions:
- Historical Significance: Coins reflect periods of American history and commemorate events or figures.
- Collector Value: Certain years, mint marks, and errors can fetch high prices.
- Excitement of Discovery: Finding a rare nickel in a popcorn machine or other unexpected location adds thrill to collecting.
- Investment Potential: Rare coins can appreciate over time, especially in uncirculated or proof condition.
Conclusion
The discovery of a rare nickel inside a movie theater popcorn machine is a reminder that treasures can be found in everyday life. From historic Liberty Head nickels to error Jefferson nickels, the value of coins depends on rarity, condition, and collector demand.
For collectors, enthusiasts, or casual observers, nickels offer a combination of history, monetary value, and excitement. Careful observation and knowledge of rare coin varieties can lead to unexpected and profitable discoveries.
FAQs:
Why are some nickels considered rare or valuable?
Rarity depends on year, mint mark, errors, and condition, making certain nickels highly collectible.
Can rare nickels still be found in everyday places?
Yes, as shown by the popcorn machine discovery, coins can appear in vending machines, jars, and circulation.
Which nickel coins are the most sought after by collectors?
1883 Liberty Head “No Cents,” 1913 Liberty Head, 1937-D Three-Legged Buffalo, and certain Jefferson nickel proofs.