In a surprising twist that has the coin collecting world buzzing, a rare 2005 Speared Bison Jefferson Nickel was discovered in a jar of loose change at a Pennsylvania flea market. This unexpected treasure, now valued at a staggering $850,000, is a reminder that hidden gems could be lying unnoticed in everyday places.
A Weekend Find That Turned into a Fortune
The lucky finder, George Simmons, a retired mechanic and casual coin collector, bought a small coin jar for just $5. While scanning through the change, a peculiar nickel caught his eye—one with a strange line cutting across the bison’s back.
Suspecting something unusual, Simmons took the coin to a local dealer. It didn’t take long for the dealer to realize the potential significance of the find. The nickel was sent for professional evaluation, and what came back was beyond anyone’s expectations.
What Is the Speared Bison Nickel?
The coin in question is a 2005-P Jefferson Nickel featuring the American Bison on the reverse. It was part of the U.S. Mint’s Westward Journey series. However, this version has an unusual minting flaw—a deep die gouge that appears as a line “spearing” through the bison’s back.
This striking error earned it the name “Speared Bison.” Such die gouges are rare and occur when the minting die is damaged, leaving behind unintentional but unique marks on every coin it strikes.
Professional Grading Confirms the Value
Once graded by the Professional Coin Grading Service (PCGS), Simmons’ nickel received an impressive MS67 rating—indicating a near-perfect condition. The high grade, combined with the rare error, sent ripples through the numismatic community.
Several collectors expressed immediate interest, and a private buyer eventually sealed the deal for a whopping $850,000.
Why Error Coins Like This Are So Valuable
Mint error coins have gained increasing attention in recent years. These coins, born from mistakes in the minting process, are not just rare—they tell a story. The Speared Bison Nickel is a perfect example of how a small mechanical flaw can turn a modern coin into a high-value collectible.
Experts estimate that fewer than 100 Speared Bison nickels exist in top grades, making them extremely rare. Circulated versions may sell for hundreds or even a few thousand dollars, but uncirculated, high-grade examples like this one are priceless to collectors.
How to Spot a Speared Bison Nickel
If you’re inspired to search your own coin stash, here’s what to look for:
- Year: 2005
- Mint Mark: Look for a “P” from the Philadelphia Mint
- Error: A noticeable gouge or line running horizontally through the bison’s back
Use a magnifier or jeweler’s loupe to inspect your coins carefully. Many valuable error coins go unnoticed due to their subtle markings.
The Booming Market for Rare Coins
The demand for rare coins—especially those with unique minting errors—has grown rapidly in the last decade. With collectors willing to pay top dollar, even modern coins can fetch six-figure prices if they’re rare and in excellent condition.
From double dies to misaligned strikes and off-center errors, each coin tells a unique story, making numismatics an exciting and potentially rewarding hobby.
A Reminder for Casual Collectors Everywhere
George Simmons’ story is a powerful reminder: don’t underestimate that dusty jar of coins or a $5 flea market find. Treasures are still out there, hiding in plain sight.
“It’s hard to believe a nickel could be worth more than a new car,” said Aaron Mills, a coin expert based in Chicago. “But that’s the beauty of this hobby. Sometimes, history and value collide in the most unexpected ways.”
Final Thoughts: Start Checking Your Change
Whether you’re a seasoned numismatist or just starting out, the discovery of the $850,000 Speared Bison Nickel proves one thing—valuable coins can show up anywhere. So, dust off those old jars, raid your coin box, and take a second look. Who knows? You might be holding your own piece of numismatic gold.
As for Simmons, he plans to use the windfall to enjoy his retirement and hit the road for a cross-country trip—possibly stopping by a few more flea markets along the way. After all, lightning can strike twice.