Coin Value Contents Table
- 1. 2001-P MS68 Nickel Multiple Die Breaks Error
- 2. 2001 MS65 Nickel Proof Struck Through Grease Error
- 3. 2001-D MS67 Nickel Partial Collar Strike Error
- 4. 2001-D MS65 Nickel Reverse Rotated Die Error
- 5. 2001-D MS65 Nickel Die Clash Error
- 6. 2001 MS68 Nickel Misaligned Die Error
- 7. 2001-S MS66 Nickel Proof Double Strike Error
- 8. 2001-D MS65 Nickel Die Cap Error
- 9. 2001-P MS67 Nickel Off-Center Strike Error
- Summary
Are nickels worth collecting? How much is a Jefferson nickel worth? If you are interested in collecting high-value Jefferson nickels, you’ve come to the right place! Our 2001 nickel errors list will reveal some of the most valuable Jefferson coins worth adding to your collection.
Jefferson nickels are some of the longest-running coin series in our country’s history. First produced in 1938, nickels commemorated our country’s third president, Thomas Jefferson, and his significant contribution toward our independence and the formation of the Union.
Despite their popularity, Jefferson nickels are only worth their face value in circulated conditions. Uncirculated examples are quite common and you can easily access nickels graded MS65 to MS67. But, specimens graded MS68 are quite rare and those graded MS69 to MS70 are extremely hard to come by and will typically fetch a premium.
One of the best ways to find high-value nickels from 2001 is to hunt for error coins. Minting errors are unique specimens, which often fetch hundreds or thousands depending on the coin’s condition and popularity. In our list of 2001 nickel errors, you will discover coins worth a premium. Let’s jump in and discover Jefferson nickels worth money!
1. 2001-P MS68 Nickel Multiple Die Breaks Error
One of the most interesting errors you might come across when collecting 2001 nickels is the die crack. It is common for multiple die cracks to appear on the coin’s surface.
A die crack, also known as a die break error occurs when the die begins to deteriorate, creating cracks on the surface. These cracks gradually fill with small metal pieces and eventually, the filled-in cracks are transferred to the planchet’s surface where they appear like raised lines.
The network of cracks intricately creates a unique pattern, making each coin with this error one of a kind. On some 2001 nickels, die breaks appear on the obverse and reverse, particularly around the rim and on Jefferson’s profile.
In 2021, a 2001-P nickel graded MS68 with multiple die breaks sold for an impressive $1,310 at a Stack’s Bowers event.
Also read: Top 10 Most Valuable Nickels Worth Money
2. 2001 MS65 Nickel Proof Struck Through Grease Error
Another error that comes up in the 2001 nickels series is the grease struck-through. As the name suggests, a struck-through is an error in which a foreign object is struck between the die and planchet, leaving a unique impression on the coin’s surface.
Examples of foreign elements that can accidentally enter the pressing hub include drops of grease, pieces of hair, paper or cloth, or strands of hair among others. When these foreign items enter the pressing hub they prevent the die from fully transferring the design onto the coin, resulting in some weak spots on the coin obscured by the foreign object. In the case of a grease struck-through, drops of lubrication obstruct the die during striking, resulting in a blurry and incomplete design.
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In 2019, a collector at a GreatCollections auction paid a whopping $750 for a 2001-S nickel with a reverse grease struck-through error. In particular, the presence of grease blurred some of the details on the Monticello, including the lettering.
What’s more interesting about this nickel is that proof coins are expected to have pristine finishes, so the presence of a grease struck-through on such a coin is particularly fascinating.
3. 2001-D MS67 Nickel Partial Collar Strike Error
The next one we’ll look at is the partial collar error, which occurs when the planchet is only partially positioned in the collar during striking.
A partial collar error typically occurs due to a misalignment in the collar mechanism, resulting in a portion of the planchet being squeezed between the die and collar. On a nickel with a partial collar error, you will notice a distinct ridge along part of the coin’s edge while part of the coin remains smooth.
In 2006, a collector at an eBay auction paid an impressive $870 for a 2001-D nickel graded MS67 with a partial collar error, making this an excellent addition to your collection.
Also read: Top 17 Most Valuable Buffalo Nickel Worth Money
4. 2001-D MS65 Nickel Reverse Rotated Die Error
Another interesting error that occurs in the 2001 nickels series is the rotated die, which can appear on the obverse or reverse of the coin. This error happens when the obverse and reverse dies are misaligned, resulting in an offset between the two designs.
A rotated die error typically occurs due to improper adjustment or installation of the dies. This error is one of the rarest and most dramatic you might encounter, making it a nice addition to your nickels collection.
The value of a rotated die error will usually depend on the extent of die rotation—the greater the degree of rotation, the more the valuable the error might be. For example, a 45-degree rotated die error will generally be worth more than one with a 5-degree rotation.
In 2011, a collector paid an impressive $925 at a David Lawrence Rare Coins auction for a 2001-D nickel with a 45-degree rotation.
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5. 2001-D MS65 Nickel Die Clash Error
The next one on our list of 2001 nickel errors is the die clash. As the name suggest, this error occurs when the obverse and reverse dies strike each other without a planchet in between. This leaves faint impressions of one die’s design on the opposite die, which is eventually transferred to the struck planchets.
A die clash error results from a misstep in the minting process, which mint workers usually rectify early in the quality control phase. So, a complete die clash error coin is a rare find that has slipped through the mint’s intense quality control process.
In 2015, an auction at Heritage Auctions sold a 2001-D nickel graded MS65 with a die clash error for $870. On this nickel, subtle outlines of Monticello’s columns can be seen on Jefferson’s portrait, creating an eye-catching effect due to the die clash.
6. 2001 MS68 Nickel Misaligned Die Error
When collecting 2001 nickels you might also come across rare coins with a misaligned die error. This error occurs when one of the dies is improperly aligned, resulting in an uneven strike where the design on one side of the coin may appear more toward the rim relative to the design on the other side of the coin.
Misaligned die errors are popular due to the visual irregularity they create on a coin and, unsurprisingly, collectors are willing to pay a premium for such an error. For example, in 2018, a bidder at a Stack’s Bowers auction secured a 2001-P nickel graded MS68 with a misaligned die error for an impressive $1,045.
Also read: How to Grade Jefferson Nickel?
FREE Appraisal & Sell Your Coins
If you are still unsure about the price of your coins, you can appraise and sell your coins for free through our verified platform.
7. 2001-S MS66 Nickel Proof Double Strike Error
Another error that comes up in the 2001 nickels series is the double strike, which occurs when the coin is struck twice, with the second strike being slightly off-center, creating a dramatic doubling effect.
A double strike error generally occurs due to a malfunction in the pressing hub, which can result in the doubling effect either on the reverse or obverse side of the coin.
In 2020, a bidder at a GreatCollections auction paid a stunning $1,290 for a 2001-S proof nickel graded MS66 with a double strike error on the reverse. Being a proof coin, this particular nickel was eye-catching due to its rarity as well as the contrast between the error and the coin’s mirror-like fields.
8. 2001-D MS65 Nickel Die Cap Error
The next one on our 2001 nickel errors list is the die cap, one of the most dramatic errors you will come across. This error occurs when a planchet sticks to the die after being struck and eventually takes the die’s shape. The attached planchet becomes a cap and is also the new die face.
Subsequent strikes on other planchets result in distorted coins with features that seem stretched out. Unsurprising, die cap errors are extremely rare and highly sought after by collectors.
In 2009, a collector on eBay paid a whopping $980 for a 2001-D nickel graded MS65 with a die cap error. On this nickel, Jefferson’s face appears stretched out while the Monticello design is barely discernible.
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9. 2001-P MS67 Nickel Off-Center Strike Error
Another error that comes up when collecting 2001 nickels is the off-center, a dramatic, rare error that’s super popular among collectors. An off-center strike error occurs when a planchet is struck while positioned incorrectly so that a large portion of the design is struck away from the center and more toward the coin’s edge.
An off-center error shows us the importance of perfect alignment during the minting process and how minor shifts can create significant results.
In 2017, a 2001-P MS67 nickel with an off-center strike error fetched a whopping $1,210 at a David Lawrence Rare Coins auction. On this coin, only 80% of the obverse design is visible while the remaining portion of the coin is blank.
Also read: Top 87 Most Valuable Jefferson Nickels Worth Money
Summary
Jefferson nickels may not be as popular as quarters or pennies but they are more than just small change. As our 2001 nickel errors list reveals, nickels with minting errors are rare, interesting, and highly valuable. Whether you add to your collection die cracks, grease-struck errors, or off-center strikes, error coins can fetch a premium at auction. So, if you have considered building your Jefferson nickels collection, start now! Happy collecting!