Phase boundary potentials of nickel in various aqueous solutions, practically free from nickel ions, have been measured. The nickel-solution potentials in air drift and reach high positive (noble) potentials. The potentials of nickel vs. solution in an inert gas reach stationary values after several hours, depending upon the pH. The final potentials remain negative with respect to the standard hydrogen electrode. The differences of the corresponding potentials in the same solution, in presence of air and in absence of air, range up to half a volt or more. The role played by oxygen in influencing the potentials has an interesting bearing on the initial stages of the corrosion of nickel.