Coins have always been a fascinating part of history and collecting, with some becoming more valuable over time. One such coin is the 2005-D ‘Speared Bison’ nickel, a five-cent piece that has captured the attention of numismatists (coin collectors) due to its rare minting error. This unique coin, from the Denver Mint, has a special feature that makes it highly sought after by collectors. In this article, we will explore the design, rarity, value, and how to identify this interesting coin.
The Design and the Notable Error
The 2005-D ‘Speared Bison’ nickel is part of the Westward Journey Nickel Series, which was created to celebrate the 200th anniversary of the Lewis and Clark Expedition. The obverse (front) of the coin shows a forward-facing portrait of President Thomas Jefferson, unlike the usual left-facing portrait seen on most U.S. nickels.
On the reverse (back), the coin features an American bison, which is a tribute to the famous Buffalo nickel minted from 1913 to 1938. However, what makes this nickel special is the minting error that gave it the nickname ‘Speared Bison’. A mistake in the die used to strike the coin caused a raised line to appear across the bison’s back. This line looks like a spear is going through the animal, making it stand out from other regular nickels.
Mintage and Rarity of the Coin
The Denver Mint produced nearly 487 million nickels in 2005 as part of the Westward Journey Nickel Series. But only a small number of these coins have the ‘Speared Bison’ error, making them extremely rare. Because of this, they are highly valued by collectors, who search for coins with unique flaws like this one. The rarity of the error plays a major role in its market price, as only a few of these coins exist in circulation today.
Market Value and Auction Records
The value of a 2005-D ‘Speared Bison’ nickel can vary depending on its condition. Coins are graded on a scale from MS60 to MS70, where MS70 represents a coin in perfect condition with no visible flaws. Coins in higher grades (such as MS66) are the most valuable.
At an eBay auction in 2021, an MS66 graded ‘Speared Bison’ nickel sold for $2,650. Another coin with the same grade was sold for $2,250 in 2020. These auction results show that the coin’s value has increased over time, and its rarity continues to drive up the demand among collectors.
Factors That Influence the Coin’s Value
Several factors contribute to the high value of the ‘Speared Bison’ nickel:
- Condition (Grade): Coins in better condition (those with minimal wear) are worth more.
- Rarity of the Error: The unique die gouge error increases its desirability among collectors.
- Market Demand: If more collectors are looking for this coin, the price can go up.
The combination of these factors makes the ‘Speared Bison’ nickel a coveted piece for anyone interested in coin collecting.
How to Identify the ‘Speared Bison’ Nickel
To check if you have a ‘Speared Bison’ nickel, you need to carefully examine the reverse side of the coin. Look for a raised line that runs vertically through the bison’s back and midsection. This line is the result of the die gouge and is what gives the coin its unique look.
If you’re having trouble seeing the error, you can use a magnifying glass to get a clearer view. Additionally, if you’re unsure whether your coin is a ‘Speared Bison’ nickel, it’s always a good idea to consult an expert or a professional coin grader. They can help assess the value and condition of the coin.
Proper Care and Preservation
If you’re lucky enough to own a ‘Speared Bison’ nickel, it’s important to take good care of it. Proper handling and storage will help maintain its value. Here are some tips for preserving your coin:
- Handle with Care: Always use gloves to avoid getting oil or dirt from your fingers on the coin’s surface.
- Storage: Keep the coin in a protective holder to prevent scratches, dust, and other environmental damage.
By keeping your coin in excellent condition, you can ensure that it holds its value for years to come.
Summary and Conclusion
The 2005-D ‘Speared Bison’ nickel is a unique and valuable coin that is highly sought after by collectors. Its rare minting error makes it stand out from other coins, and its limited mintage increases its worth. If you have one of these coins, it could be worth hundreds or even thousands of dollars, depending on its condition. Collecting such coins can be a rewarding hobby, especially as you discover rare pieces like the ‘Speared Bison’ nickel. Whether you’re a seasoned coin collector or just starting out, this coin is a great example of how a simple minting mistake can turn an ordinary coin into a treasure.
Guilderland Historical Society
FAQs
What is the 2005-D ‘Speared Bison’ nickel?
It’s a rare U.S. nickel from 2005 with a minting error, resembling a spear through a bison on the reverse side.
Why is the ‘Speared Bison’ nickel valuable?
The coin’s rarity, unique minting error, and collector demand make it highly valuable.
How much can a 2005-D ‘Speared Bison’ nickel be worth?
Depending on its condition, it can sell for up to $2,650 or more at auction.