Ron Guth: This was the last year in which the Mint produced Liberty Head Nickels for circulation. In the scheme of things, the Nickel in 1912 was the second most popular denomination in terms of mintage. Only the Cent has a larger mintage, and after the Nickel, nothing else comes close. Whether collectors were aware that this was the last year of the type or not, sufficient examples were saved that all grades are common today. Only the most superb examples are scarce, and the best example certified to date is a single PCGS MS66+.
Quality control at the Philadelphia Mint was less than stellar in 1912, and most examples show weakness on some of the stars and on the ear of corn on the left side of the reverse. Finding a fully struck 1912 Nickel could prove to be a real challenge.