The 1912-S Liberty Head Nickel — America's lowest-mintage regular-issue nickel across three entire series — sold for $37,375 at Heritage Auctions in 2012 (PCGS MS66). Your everyday Philadelphia example starts around face value, but a Denver coin in Gem condition can top $600, and virtually any 1912-S commands serious money even worn. Find out exactly where your coin lands.
The table below reflects current collector market values across all three 1912 mint issues plus Proof strikes. For a complete in-depth step-by-step 1912 nickel identification guide covering grading points, strike quality, and authentication, visit CoinValueApp. Row highlighted in gold is the 1912-S — the signature key date. Row in red highlights the 1912-D which holds the series' all-time auction high at the MS67 level.
| Variety | Worn (G–VG) | Circulated (F–VF) | Uncirculated (MS60–63) | Gem (MS64–65+) |
|---|---|---|---|---|
| 1912 Philadelphia (P) | $3 – $7 | $10 – $25 | $100 – $160 | $220 – $475+ |
| 1912-D Denver | $6 – $15 | $20 – $75 | $150 – $300 | $400 – $600+ |
| 1912-S San Francisco ⭐ | $125 – $200 | $275 – $700 | $1,500 – $4,500 | $8,000 – $22,000+ |
| 1912 Proof (Philadelphia) | — | $200 – $300 | $344 – $600 | $1,000 – $5,000+ |
⭐ = 1912-S signature key date. Values based on PCGS Price Guide and Heritage auction data. Individual coins vary. Always verify current data before buying or selling.
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The 1912 Liberty Head Nickel was produced in the final year of Charles E. Barber's iconic design, and production pressure — especially at Philadelphia, which ran dies hard through December — created a range of recognizable minting errors. The five varieties below are the most commonly encountered and most actively sought by error collectors today. Values shown reflect collector-grade examples; always verify with a 10× loupe before attribution.
Off-center strikes occur when the planchet is not properly seated within the collar before the dies close. The resulting coin shows the design shifted toward one side, with a blank crescent of planchet exposed on the opposite edge.
On 1912 nickels, the sweet spot for collector value is a 10%–50% off-center shift that still retains a complete or partial date. The date's visibility is the single most critical diagnostic — an undated off-center coin drops sharply in desirability regardless of how dramatic the shift appears.
These errors draw a strong premium because they are visually dramatic and definitively attributable. Well-documented circulated examples typically sell in the $100–$400 range, while a dramatic, high-grade specimen with full date showing has pushed higher at specialized error coin auctions.
A clipped planchet error happens when the strip of metal fed into the blanking press is advanced incorrectly, causing the punch to cut a new blank that overlaps a previously punched hole. The result is a coin with a curved or straight chunk missing from its edge.
On 1912 Liberty Nickels, the curved clip is the most common form, typically removing 5%–15% of the coin's circumference. The definitive diagnostic is the Blakesley effect — a corresponding zone of design weakness directly opposite the clip, caused by insufficient metal flow at the moment of striking.
Collectors prize clipped planchets partly for their visual impact and partly because the Blakesley effect provides a built-in authentication tool. A 1912 nickel with a genuine curved clip and clear Blakesley weakness opposite the missing section typically sells for $50–$300 depending on clip size, condition, and the presence of a mint mark.
Die cracks form when the hardened steel working die develops stress fractures from repeated hammer blows during coin production. Metal flows into the crack during striking, producing a raised, continuous line on the coin's surface — the defining visual signature that distinguishes a die crack from a scratch, which is incuse (cut into the metal).
Because 1912 was the Liberty Head Nickel's final production year, Philadelphia dies were pressed into service through December and often showed advanced die fatigue by the series' end. Late-die-state cracks are therefore relatively common on Philadelphia examples and not unusual to find on circulated coins. A full die break — called a cud — occurs when a section of the die face fractures away entirely, leaving a raised blank area at the coin's rim.
Minor die cracks add a modest $25–$75 premium over a comparable unaffected example. A dramatic cud at the rim of a clearly dated 1912 Liberty Nickel — especially with strong surrounding detail showing late die state — can command $200 or more from specialists in die variety collecting.
A struck-through error results when foreign material — most commonly a lump of die grease, a wire fragment, a piece of cloth, or other debris — is trapped between the die face and the planchet at the moment of strike. The trapped material prevents the die from impressing its design into that area, producing a smooth, flat depression that contrasts sharply with the fully struck surrounding detail.
On 1912 Liberty Head Nickels, grease-filled die errors are the most frequently encountered form. These show as flat, detail-free patches across Liberty's portrait or within the reverse inscription. The key diagnostic distinguishing a genuine struck-through from simple wear is that the surrounding area retains crisp, sharp detail right up to the affected zone — wear, by contrast, softens the entire coin's high points uniformly.
The value of a struck-through error depends strongly on the location and severity of the obstruction. Any error crossing Liberty's face or the date numerals commands the highest premiums, ranging from $75 for a small grease spot in the reverse legend to several hundred dollars for a dramatic example obliterating a major design element in a clearly identifiable high-grade coin.
Lamination errors occur when impurities or gas pockets within the planchet alloy cause layers of metal to separate, either before, during, or after the strike. Because the 1912 nickel is struck in a 75% copper / 25% nickel alloy, inconsistencies in the metal's preparation could produce internal delamination that manifests as raised blisters, flaking patches, or outright missing layers on the coin's finished surface.
On the 1912 Liberty Head Nickel, lamination errors appear most visibly as raised blisters or peeling in the flat fields surrounding Liberty's portrait, or as missing patches within the design detail. A lamination that separates mid-strike — producing a split coin with design detail impressed on both separated layers — is the most dramatic and valuable form of this error type.
Minor surface laminations that stay attached carry modest premiums of $50–$150. A dramatic mid-strike split preserving die impressions on both faces of the separated layers — the rarest form of lamination on any coin — can command $500 or more. Because lamination errors can resemble post-mint damage at first glance, professional attribution is recommended before significant purchases.
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| Mint | Mint Mark | Business Strike Mintage | Proof Mintage | Rarity Level |
|---|---|---|---|---|
| Philadelphia | None | 26,234,569 | 2,145 | Common (business strike) |
| Denver | D | 8,474,000 | — | Semi-scarce (only Denver nickel in series) |
| San Francisco | S | 238,000 | — | Key Date (lowest regular-issue U.S. nickel mintage) |
| Total Business Strikes | 34,946,569 | 2,145 | ||
Liberty Head Nickels are traditionally graded by the visibility of the word LIBERTY in the headband coronet. Every letter counts — from a barely legible outline in Good to crisp, fully raised letters in Mint State. Strike quality adds a second layer: 1912 nickels frequently show soft strikes on Liberty's forehead hair and the reverse corn ear, which is a minting characteristic, not a grade reduction, but discriminating buyers still seek the sharpest examples.
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The 1912-S is the key date of the entire Liberty Nickel series — the lowest-mintage regular-issue nickel across Liberty Head, Buffalo, and Jefferson series combined. Fake mint marks and altered dates do exist. Use this checklist before buying or attributing your coin.
Check all that apply to your coin:
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If you're not yet sure of your coin's mint mark or condition, there's a 1912 Nickel Coin Value Checker free tool that lets you identify your coin from photos before using the calculator above.
Type a description of your coin in plain language and get a personalized reading. The more details you include, the more precise the assessment.
The best choice for 1912-S examples and high-grade Uncirculated coins from any mint. Heritage has handled dozens of major 1912 nickel lots including the record $37,375 1912-S MS66 sale. They accept consignments from individual collectors and provide free pre-auction estimates. Best for coins worth $500 or more.
Ideal for circulated Philadelphia and Denver examples, error coins, and mid-grade Uncirculated pieces. Check recently sold 1912 Liberty Nickel prices and completed listings to set a competitive ask price before listing. Always start with a realistic reserve on 1912-S coins — raw (ungraded) key dates tend to attract low bids.
A quick, hassle-free option for worn Philadelphia examples worth $5–$30. Expect 50–70% of retail value — dealers need a margin. Better for bulk sales or when speed matters. Strongly recommended for getting a second opinion on any coin you believe might be a 1912-S before committing to a price.
A growing community of collector-to-collector sales that eliminates dealer middlemen. Works well for circulated mid-grade coins with clear photos. Sellers must use PayPal Goods & Services for buyer protection. Post detailed images of both sides plus the mint mark area and any errors for best results.
A 1912 Philadelphia (no mint mark) Liberty Head Nickel is worth roughly $3–$5 in Good condition, $19–$25 in Very Fine, and $100–$160 in Mint State MS63. Gem examples in MS65 bring around $475, while the single PCGS-graded MS66+ specimen set an auction record of $5,875 at Heritage Auctions in January 2015. With a mintage of over 26 million, Philadelphia coins are the most common of the three 1912 issues.
The 1912-D Liberty Nickel — struck only that one year at Denver — is worth around $6–$8 in Good condition, $60 or more in Extremely Fine, and $150–$600+ in Mint State grades. An NGC-graded MS67 example holds the series record at $41,125, realized at Legend Rare Coin Auctions in November 2018. Its mintage of 8,474,000 makes it considerably scarcer than the Philadelphia coin in higher grades.
The 1912-S is the only Liberty Head Nickel ever struck at the San Francisco Mint and holds the lowest regular-issue mintage of any Liberty Head, Buffalo, or Jefferson nickel at just 238,000 coins. It is nearly twice as rare as the famous 1909-S VDB Lincoln Cent. Even worn examples start above $125, and the coin commands strong collector premiums at every grade level. MS66 examples have sold for five figures at major auctions.
Turn the coin to the reverse side. Look below the "CENTS" inscription at the bottom of the coin, just above the rim. A small "D" indicates the Denver Mint; a small "S" indicates San Francisco. If you see no letter, the coin was struck at Philadelphia. Use a 5× or 10× loupe for a cleaner view, especially on worn examples where the mint mark can be partially obliterated.
In Good (G4) condition, a 1912-S will show Liberty's portrait as a bold outline with most hair detail worn smooth. All lettering in LIBERTY may be partially merged. The reverse wreath will appear mostly flat. The key diagnostic is locating the "S" mint mark below CENTS — this small detail can become very faint on heavily circulated examples. Even in this worn state, a genuine 1912-S is worth well above $100.
Yes. Off-center strikes showing 10%–50% shift with a visible date are the most desirable errors, often selling for $100–$400 in circulated grades. Clipped planchets range from $50–$300. Die cracks are relatively common on Philadelphia examples struck late in the year, adding $25–$75 for minor cracks and potentially over $200 for dramatic cud errors. Struck-through grease errors range from $75 to several hundred dollars depending on placement.
Check the weight (should be 5.00 grams) and diameter (21.2 mm). The coin should have a plain (smooth) edge. Examine the mint mark placement on the reverse — it should sit below CENTS just above the rim, and the letters should look naturally engraved, not tooled or added. For high-value coins, particularly any 1912-S or high-grade Uncirculated example, always seek PCGS or NGC third-party grading and authentication before buying or selling.
The 1912 Proof Liberty Nickel had a mintage of just 2,145 pieces. These were struck at Philadelphia with polished dies for collectors, producing mirror-like surfaces. Values depend heavily on grade: circulated proofs start around $200–$300, while Proof 63 examples bring around $344. Cameo proofs — the first dozen or so strikes from fresh dies showing frosted devices — carry a meaningful premium. A Stack's Bowers 2013 auction realized $4,993 for a quality example.
Yes. The Liberty Head V Nickel, designed by Charles E. Barber, was produced from 1883 through 1912. The series ended when the Buffalo (Indian Head) Nickel replaced it in 1913. The 1912 date is historically significant as the final year, and it is the only year with three mint marks — Philadelphia, Denver (first and only time), and San Francisco (first and only time). Collectors prize it as the type's closing chapter.
Never clean a collectible coin. Cleaning removes the original surface patina, creates hairline scratches visible under magnification, and destroys the coin's natural luster — all of which drastically reduce its numismatic value. A cleaned 1912 nickel that would otherwise grade MS64 could drop by 50% or more in collector value. Buyers and grading services (PCGS, NGC) can immediately detect cleaning and will note it on the certification label as "Details" grade, reducing resale potential.
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