2016 P Liberty Nickel
The value of the 2016-P Liberty Nickel can vary considerably, depending on its condition. In MS+ condition, the coin can be worth $0.28-$0.56. Price guides based on graded coins rarely sample the raw metal value. Besides, the raw metal value of this coin is unknown, since it is composed mostly of copper and nickel. Moreover, the coin must have a large mint mark, visible on its back and above the Monticello Monument.
The obverse of the coin features Thomas Jefferson’s portrait. The image looks like a small letter from his draft of the Declaration of Independence, but it is the same as other writings by Jefferson. The Denver Mint, Philadelphia Mint, and San Francisco Mint produced the coin. However, the obverse is the work of sculptor Donna Weaver. Therefore, there is no doubt that it is an excellent representation of the founding father.
The history of the nickel dates back to the American Civil War, when the metal was in high demand. During the war, widespread panic and hoarding of precious metals drove people to hoard coins, making the coinage almost disappear over night. In this time, coinage was necessary for basic daily transactions. Its value has since increased and a 2016 P Liberty Nickel is the perfect way to buy your dream home. So, why wait?
The mint mark of the Jefferson nickel from 2016 is a P for Philadelphia, and it also features a strike through error. This error occurs when a foreign material comes between a planchet and the die. When this occurs, the coin is said to be struck through the foreign material, leaving a distinct impression on its surface. Another seller claims the strike on the 2016 nickel was a 90-degree rotation. This is a pretty impressive strike, and the P for Philadelphia is clearly visible on the coin.
The keelboat was a vital means of transportation during the Lewis and Clark expedition. The Philadelphia Mint struck the keelboat variety of the coin. A new portrait of Jefferson facing the left side of the coin is found on the obverse, and the word “Liberty” is based on the handwriting of the famous American statesman. In the background of the coin, the phrase “Ocean in View” commemorates the arrival of the Lewis and Clark expedition in the United States in 1805.
In addition to the price of this coin, there are many other issues surrounding the denomination. In addition to the high value of this coin, it has become rare in circulation. As such, collectors may wish to purchase circulated versions of these coins for their collections. In addition to the rarity of this coin, the coin’s scarcity means that it is difficult to acquire a rare example. It is likely to realize a record price for uncirculated coins.
The dramatic mint error on the obverse of the coin on the obverse is not the only cause of the coin’s value increasing. In the same way, the doubling of the year digits on the obverse can be a result of a mistake. The mint never noticed this issue, so many of these coins circulated in commerce for years. A rare example of this error was preserved before the environment of commerce was too harsh.
The MS-66+ grade, on the other hand, means that there are some small imperfections on the surface of the coin. However, this grade indicates that the coin was struck properly and from fresh dies. Natural toning on the rim of the coin also improves its beauty. Therefore, every coin collector would like to own one of these coins. This makes the coin one of the most valuable ever. This year’s P Liberty Nickel is one of the most expensive nickels.
The value of modern Jefferson nickels has increased over the years. The prices of most dates and mints are the same. The first important step is to appraise the coin’s condition. Look for special qualities. A coin with a three-legged buffalo on it can sell for $660 in May 2011, thanks to Jackson’s International. It is important to remember that poor and fair conditions of a nickel should be examined closely before buying it.