At first glance, a 1964 nickel might not seem like much. Billions were minted, and most look old, worn, and ordinary. But behind that familiar shine lies one of the biggest mysteries in U.S. coin collecting history—some of these nickels are worth tens of thousands of dollars.
The Philadelphia Mystery
Most 1964 nickels came from the Philadelphia Mint with no mint mark. While the majority are common, a few rare ones turned out to be something special. In 1993, collectors discovered that the U.S. Mint had quietly produced Special Mint Set (SMS) nickels in 1964. These coins were struck with extra care, giving them a sharper, more polished look. Because so few exist—and because they were never officially released—they can sell for over $32,000 today.
Full Steps = Full Value
Collectors also pay a premium for nickels showing “full steps” on Monticello (the building on the back). These details are almost always worn down, making them rare to find. A 1964 Philadelphia nickel with full steps once sold for $14,100, and even lower-graded examples can fetch thousands.
The Denver Mint Coins
1964 nickels were also struck in Denver, marked with a small “D” next to Monticello. While over 1.8 billion were minted, some stand out in stunning “prooflike” condition, selling for $4,000 or more.
Proof Coins & Special Strikes
Alongside regular nickels, the Mint also made 3.9 million proof versions in Philadelphia. These are shinier, higher-quality coins made for collectors. Top-graded proofs have reached $2,750 at auction—and those with deep cameo contrast are especially desirable.
Why This Matters
The 1964 nickel isn’t just pocket change—it’s a reminder that history, rarity, and condition can turn an everyday coin into a fortune. Whether it’s a Special Mint Set rarity, a full-steps beauty, or a proof coin in pristine condition, these nickels prove that even the most common-looking coins can hold incredible value.
