By The Opinion
Sep 20, 2024, 2:00 PM EDT
In the world of numismatics, some common coins can become true collector’s items due to factors such as their rarity, history or condition. This is the case of the 5-cent Keelboat coin, which has reached values close to $400 in certain markets.
Issued in 2004 as part of the US Nickel’s “Westward Journey” series, this coin commemorates the historic Lewis and Clark expedition, featuring on the reverse a “Keelboat” that the explorers used to navigate the central and western rivers of the United States. Its unique design and place in American history have earned it special value among collectors.
The value of the coin, in terms of investment, depends largely on its condition. Coins that are not out of circulation or that are of higher quality, such as those graded according to the MS (Mint State) system, are the ones that can reach the highest prices on the auction market, exceeding $300, even $400. On the other hand, circulated coins that show signs of wear are valued closer to their face value or slightly higher.
How much are these pieces worth?
According to the Professional Coin Grading Service, a third-party U.S. coin grading, authentication, attribution and encapsulation service, here’s what you could receive for owning a 2004-P Keelboat nickel, based on its grade:
2004-P Keelboat Nickel (MS-68): $475
2004-P Keelboat Nickel (MS-67): $110
2004-P Keelboat Nickel (MS-66): $32
2004-P Keelboat Nickel (MS-65): $14
2004-P Keelboat Nickel (MS-64): $8
2004-P Keelboat Nickel (MS-63): $5
Interest in this coin is also driven by the symbolism of the Lewis and Clark expedition, which marked a crucial step in the United States’ westward expansion. Collectors appreciate not only the quality of the coin, but also the historical significance it represents.