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How much is a gold nickel worth?

Updated: 10/26/2022
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13y ago

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There's no such thing as a gold nickel. It's plated. In general, the plating would destroy any collectible value the coin had so it would only be worth 5 cents.

The major exception to that rule would be if the coin is an 1883 nickel with a large V on the back but without the words CENTS below the V. When these coins were first issued criminals took advantage of the missing wording by gold-plating them and passing them as a "new design" 5 dollar coin. They're known as "racketeer nickels" and can have considerable value to collectors. There's more information at the Related Question.

If you think about it for a couple of seconds, a real gold nickel would be totally impractical. Even back in the days when the price of gold was controlled, it was about 70¢ a gram. That means that a gold nickel would have been about the diameter of a pencil eraser. Today the price of gold is well above $1000 an ounce, so 5 cents' worth would be so tiny you'd need a microscope to find it!

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A 2004 nickel is worth 5 cents. A gold-plated '04 nickel is worth whatever someone is willing to pay for it. There is no standard market value for modified coins like that.


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