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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Variety and Error Coins

1921 Nickel... Why So Valuable?

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quimpler
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Canada
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 Posted 11/07/2015  12:30 pm Show Profile   Bookmark this topic Add quimpler to your friends list Get a Link to this Message Number of Subscribers
So I was just perusing the 'Coins and Canada' site to check out the value of some of my old nickels, and noticed that the 1921 is worth a small fortune... but the site says there was over 2 million of them minted, so I'm wondering, why so valuable?
chequer
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 Posted 11/07/2015  12:34 pm  Show Profile   Bookmark this reply Add chequer to your friends list Get a Link to this Reply
In May of 1921 legislation was passed to change to the nickel five cent piece, so most of those struck were melted down. Charlton says there are about 400 estimated to be in existence.
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Altaira
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 Posted 11/07/2015  12:36 pm  Show Profile   Bookmark this reply Add Altaira to your friends list Get a Link to this Reply
The entire stock of silver 1921 5 cent silver was melted when they switched to using nickel. Only an estimated 400 specimens remain, which were regular strikes sold to visitors or specimen strikes.
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quimpler
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Canada
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 Posted 11/09/2015  12:15 am  Show Profile   Bookmark this reply Add quimpler to your friends list Get a Link to this Reply
Ok thanks for the info!
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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Variety and Error Coins



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