This could happen if two blank planchets got into the press together, causing one to get stamped with only the heads side, and the other to get stamped with only the tails side. This is a relatively rare error, and could be worth $50 to $100 or more. This could also be a normal nickel that somebody has altered. If it weighs significantly less than 5 grams, then I would say that it has been altered and has no added value. You can check out the ANACS website to see if they will be attending any upcoming coin shows in your area, where you can take your coin and get a free professional appraisal : http://www.anacs.com/shows.html
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A blank nickel is typically considered an error coin and may have value to collectors depending on the condition and rarity of the error. The value can range from a few dollars to potentially hundreds or more, depending on the specific characteristics of the coin and demand from collectors. It's recommended to have the coin authenticated and appraised by a professional numismatist to determine its true value.
If the coin weighs less than a standard nickel, someone with too much time on their hands smoothed off the back. If so, it would be considered a damaged coin worth only face value. If it's the same weight (5.00 gm) as a normal nickel, there is a slight possibility it's a minting error that resulted when two blanks got stuck in the coin press at the same time. One blank would then be struck with the front image and the other with the back image. You'd have to take it to a dealer who specializes in error coins and have it examined first-hand.
A blank Jefferson nickel is considered an error or novelty item and does not hold any intrinsic value. Its worth is based on collector demand, and it can range from a few cents to a few dollars depending on the condition and rarity.
A mule nickel is a valuable error coin worth several thousand dollars. These coins were created when a buffalo nickel die was paired with a Jefferson nickel die, resulting in a mule coin with features from both designs. The specific value can vary based on its condition and rarity.
A 2000 sailboat nickel is generally worth its face value of 5 cents. If the coin is in excellent condition or has a specific mint mark, it may be worth slightly more to a collector.
25% of of the element nickel is inside a united states money nickel.
A 2006 D nickel is typically worth its face value of 5 cents, unless it is in exceptional condition or has a mint error, which could potentially increase its value to collectors. It's best to have it appraised by a professional numismatist for an accurate valuation.