When it comes to numismatics, the Buffalo nickel stands as a captivating collectible. Introduced in 1913, this distinctive coin has garnered significant attention and value among collectors worldwide. Its intricate design, historical significance, and relative scarcity have contributed to its enduring appeal.
The Buffalo nickel’s captivating design features an imposing American bison on the reverse, capturing the untamed spirit of the American West. The obverse portrays a Native American chief in feathered headdress, symbolizing the rich indigenous heritage of the region. This harmonious blending of imagery has solidified the Buffalo nickel’s status as an artistic masterpiece.
Beyond its aesthetic charm, the Buffalo nickel holds historical significance. Minted during a period of great economic and social change, it embodies the nation’s westward expansion and the era of the “Wild West.” The coin’s enduring popularity further underscores its connection to the American narrative, making it a coveted piece for collectors.
The King of the Nickels: The 1913 Liberty Head Nickel
Nickels are one of the most popular coins in circulation, and the 1913 Liberty Head nickel is one of the most valuable and sought-after coins by collectors. This coin was originally produced in large quantities, but due to a design flaw, most of them were melted down. As a result, only a few thousand 1913 Liberty Head nickels remain in existence today.
The 1913 Liberty Head nickel was designed by James Earle Fraser, who also designed the Buffalo nickel. The coin features a Native American chief on the obverse and a buffalo on the reverse. The design was intended to symbolize the strength and spirit of the American people, but it was not well received by the public.
In 1913, the United States Mint produced more than 90 million Liberty Head nickels. However, due to a design flaw in the coin’s reverse, most of these coins were melted down and re-struck with the Buffalo design. As a result, only a few thousand 1913 Liberty Head nickels remain in existence today.
The value of a 1913 Liberty Head nickel depends on its condition. A well-preserved coin can be worth thousands of dollars, while a coin that is in poor condition may only be worth a few hundred dollars.
Varieties of the 1913 Liberty Head Nickel
There are two main varieties of the 1913 Liberty Head nickel:
| Variety | Description |
|---|---|
| Type 1 | Reverse has the words “FIVE CENTS” in large letters. |
| Type 2 | Reverse has the words “FIVE CENTS” in smaller letters. |
The Type 2 variety is more common than the Type 1 variety.
The Rarest of the Rare: 1937-D 3-Legged Buffalo Nickel
The 1937-D 3-Legged Buffalo Nickel is an extremely rare and valuable coin that continues to fascinate collectors and numismatists alike. This remarkable coin was created due to a unique die error that occurred during its production at the Denver Mint. The result is a stunning coin that features an extra, or third, leg on the buffalo’s right side.
Why is the 1937-D 3-Legged Buffalo Nickel So Valuable?
Several factors contribute to the exceptional value of the 1937-D 3-Legged Buffalo Nickel:
- Die Error: The presence of the third leg is a significant die error that makes this coin stand out from all other Buffalo Nickels.
- Rarity: Only a handful of known examples of the 1937-D 3-Legged Buffalo Nickel exist, making it incredibly rare and desirable.
- Historical Significance: The 1937 Buffalo Nickel marks the final year of production for this iconic coin, adding to its historical significance.
- Collector Demand: The combination of its rarity, historical value, and unique error has made the 1937-D 3-Legged Buffalo Nickel highly sought after by collectors.
| Grading | Approximate Value |
|---|---|
| MS60 | $75,000 – $100,000 |
| MS63 | $150,000 – $200,000 |
| MS65 | $250,000 – $300,000 |
The elusive “Buffalo’s Lover”: The 1916-D Doubled Die Reverse Nickel
The 1916-D Doubled Die Reverse Buffalo nickel is one of the most famous and sought-after error coins in American numismatics. It is estimated that only five to ten examples of this coin exist, making it incredibly rare. The coin was struck at the Denver Mint in 1916, and it features a doubled die error on the reverse (tails) of the coin. This error occurs when the die is struck twice, causing the design to be doubled.
The doubled die error on the 1916-D Buffalo nickel is most noticeable on the buffalo’s hump and the lettering “FIVE CENTS.” The doubling is caused by a misalignment of the die during the striking process. This misalignment causes the design to be struck twice, resulting in the doubled image.
The 1916-D Doubled Die Reverse Buffalo nickel is a highly collectible coin. In 2019, a specimen of this coin sold for over $200,000 at auction. The coin is popular with collectors due to its rarity and its historical significance. It is a reminder of the errors that can occur during the coin production process, and it is a testament to the skill of the engravers who created the Buffalo nickel design.
Here is a table summarizing the key details of the 1916-D Doubled Die Reverse Buffalo nickel:
| Characteristic | Details |
|---|---|
| Year | 1916 |
| Mint | Denver |
| Error | Doubled Die Reverse |
| Mintage | Unknown (estimated 5-10) |
| Value | Over $200,000 |
A Numismatic Anomaly: The 1918/7-D Overdate Buffalo Nickel
Origin and Significance
The 1918/7-D Buffalo nickel stands out as a numismatic anomaly, where the “7” in the date was overstruck on an “8.” This resulted from a punch error, where the Denver Mint accidentally used an old die from 1917 to strike coins intended for the 1918 year. This rare and fascinating error makes the 1918/7-D Buffalo nickel one of the most sought-after and valuable coins in numismatics.
Rarity and Production
Only a small number of 1918/7-D Buffalo nickels were ever produced. Estimates place the mintage at around 4,000 to 5,000 coins, making it one of the rarest issues of the Buffalo nickel series. The rarity of this coin increases its value significantly and makes it a highly desirable collectible for numismatists.
Identification and Characteristics
Identifying the 1918/7-D Buffalo nickel is relatively straightforward. The most obvious indicator is the overstruck “7” over the “8” in the date. Additionally, the coin exhibits a slightly different texture and luster from other Buffalo nickels due to the double striking. Other factors that can aid in identification include the presence of a faint “ghost” of the “8” under the “7” and a slightly offset placement of the digits.
Value and Market Prices
The value of a 1918/7-D Buffalo nickel can vary depending on its condition and collection context. In recent years, these coins have consistently commanded high prices at auctions and through private sales. A circulated specimen in good condition can fetch thousands of dollars, while a pristine uncirculated specimen can easily surpass $100,000. The following table provides an overview of the approximate market values for 1918/7-D Buffalo nickels in different grades:
| Grade | Value |
|---|---|
| Good | $5,000-$10,000 |
| Very Good | $10,000-$15,000 |
| Fine | $15,000-$25,000 |
| Very Fine | $25,000-$50,000 |
| Extremely Fine | $50,000-$100,000 |
| Uncirculated | $100,000+ |
The Unseen Treasure: The 1924-S Die Clash Buffalo Nickel
The Story of the Rarest Buffalo Nickel
The 1924-S Die Clash Buffalo Nickel is one of the most valuable and sought-after coins in numismatics. Its unique origin and exquisite design have made it a coveted treasure among collectors and enthusiasts alike.
The Die Clash
In 1924, a remarkable event occurred at the San Francisco Mint. During the production of Buffalo Nickels, the reverse die clashed with the obverse die, resulting in an imprint of the reverse design on the obverse. This rare occurrence created a unique coin with two sets of impressions, one from the intended design and one from the accidental clash.
The Discovery and Rarity
The 1924-S Die Clash Buffalo Nickel was initially overlooked, as it was assumed to be a damaged coin. However, in the 1960s, renowned numismatist Walter Breen recognized its true nature and attributed it to the die clash error. Since then, only a handful of specimens have been discovered, making it one of the rarest and most valuable Buffalo Nickels in existence.
The Value and Significance
Due to its extreme rarity and historical significance, the 1924-S Die Clash Buffalo Nickel commands a high value in the numismatic market. In recent years, specimens have sold for astronomical prices, with one example fetching over $1 million at auction.
Detailed Analysis of the Reverse Die Clash
The die clash on the reverse of the 1924-S Buffalo Nickel showcases an intricate and detailed impression of the obverse design. Here’s a closer look at the specific details:
| Obverse Design | Reverse Clash Impression |
|---|---|
| Indian Chief | Faint outline of the Indian Chief’s head, headdress, and neck |
| Buffalo | Partial outline of the buffalo’s head, back, and tail |
| “UNITED STATES OF AMERICA” | Partial letters and numbers from the rim inscription |
| “FIVE CENTS” | Partial numbers and letters from the denomination |
The Twin Legends: The 1935-S “Strong Arm” Buffalo Nickel
In the realm of numismatics, few coins hold as much allure and intrigue as the legendary 1935-S “Strong Arm” Buffalo Nickel. This extraordinary numismatic artifact is one of the most coveted and valuable Buffalo Nickels in existence, captivating the imaginations of collectors and aficionados for decades.
Strong Arm Design
The distinctive feature that sets the Strong Arm Buffalo Nickel apart from its counterparts is the unusually muscular arm of Liberty depicted on the coin’s obverse. Unlike the typical graceful pose, Liberty’s arm appears tense and forceful, as if poised to defend herself with unwavering determination.
Consistently found on the San Francisco issue of 1935, the Strong Arm design was actually an unintended consequence of weakened dies and the high pressure used in the striking process. This fortuitous accident resulted in an iconic design that has forever etched its place in numismatic history.
The Strong Arm Nickel was an instant hit among collectors, and its popularity has only grown over the years. Today, it is considered one of the most valuable and desirable US coins, with specimens in high grades commanding astronomical sums in the numismatic marketplace.
Estimated Value
The value of a Strong Arm Buffalo Nickel varies significantly depending on its condition, grade, and rarity. However, as a general guide, here are approximate estimated values for different grades:
| Grade | Value |
|---|---|
| Good-4 (G-4) | $5,000 – $7,000 |
| Very Good-8 (VG-8) | $10,000 – $15,000 |
| Fine-12 (F-12) | $15,000 – $20,000 |
| Very Fine-20 (VF-20) | $20,000 – $30,000 |
| Extremely Fine-40 (XF-40) | $50,000 – $75,000 |
| Uncirculated-60 (MS-60) | $100,000 – $200,000 |
| Uncirculated-65 (MS-65) | $250,000 – $400,000 |
| Uncirculated-70 (MS-70) | $500,000 – $1,000,000 |
The Gentleman of Nickels: The 1916 Buffalo Nickel with Reverse of 1935
In the realm of numismatics, the 1916 Buffalo Nickel with Reverse of 1935 stands as a remarkable anomaly. Dubbed the “Gentleman of Nickels,” this enigmatic coin boasts a unique combination of design elements that sets it apart as one of the most intriguing and valuable Buffalo Nickels.
Origins and Production
In the midst of World War I, the United States Mint faced a shortage of nickel. As a result, the mint decided to melt down existing Buffalo Nickels to create new coins with a war-related design. However, a small cache of 1916 Buffalo Nickels escaped the melting pot and were accidentally struck with the reverse design intended for the 1935 Buffalo Nickel.
Unique Characteristics
The distinguishing features of the “Gentleman of Nickels” are immediately apparent. On the obverse, it bears the classic design by James Earle Fraser, featuring a Native American chief and a bison. However, on the reverse, instead of the typical eagle perched on a branch, it displays the reverse design of the 1935 Buffalo Nickel, which depicts a buffalo standing on a grassy mound.
Rarity and Value
The extreme rarity of the 1916 Buffalo Nickel with Reverse of 1935 contributes significantly to its value. Only a handful of these coins are known to exist, making it one of the most sought-after coins among collectors.
Grading and Condition
Like any rare coin, the condition of the “Gentleman of Nickels” plays a crucial role in determining its value. Factors such as surface luster, strike quality, and the presence of any scratches or marks are carefully evaluated by grading companies to assign a numerical grade to each coin.
Auction Records and Sales
The auction records for the 1916 Buffalo Nickel with Reverse of 1935 reflect its exceptional value. In recent years, a few of these rare coins have been sold at public auctions, fetching prices in the hundreds of thousands of dollars.
| Year | Grade | Sale Price |
|---|---|---|
| 2019 | MS63 | $155,360 |
| 2015 | MS64 | $189,750 |
A History in Silver: The 1913 Liberty Head Nickel in Proof
The 1913 Liberty Head Nickel is a unique and highly valuable coin in the history of American numismatics. Struck in proof condition only, it is a testament to the beauty and craftsmanship of the era.
The Design
The 1913 Liberty Head Nickel features a classic design by James Earle Fraser. The obverse depicts the head of Liberty, wearing a Phrygian cap, while the reverse features the American bison standing on a mound. The coin’s design is both elegant and timeless.
The Proof Coins
The 1913 Liberty Head Nickel was struck in proof condition only. Proof coins are struck multiple times with special dies, resulting in a mirror-like surface and intricate details. These coins were intended for collectors and as examples of the mint’s craftsmanship.
The Five Known Specimens
Only five specimens of the 1913 Liberty Head Nickel are known to exist. These coins were all discovered in the 1970s and 1980s, and each has a unique history and provenance.
The first specimen was discovered in 1971 by James A. Stack, a prominent coin dealer. It was purchased by the National Numismatic Collection at the Smithsonian Institution, where it remains today.
The second specimen was discovered in 1976 and sold at auction for a record price of $411,000. It was purchased by a private collector and remained in his possession until being sold again in 2017.
The third specimen was discovered in 1981 and sold at auction for $286,000. It was later purchased by a private collector who has kept it out of public view.
The fourth specimen was discovered in 1998 and sold at auction for $1,350,000. It is the only known specimen that is privately owned.
The fifth and final specimen was discovered in 2013 and sold at auction for $3,590,000. It is the most valuable of the five known specimens and is currently owned by a private collector.
| Specimen | Discovery Date | Discovery Location | Current Location |
|---|---|---|---|
| 1 | 1971 | Unknown | National Numismatic Collection, Smithsonian Institution |
| 2 | 1976 | Unknown | Private collection |
| 3 | 1981 | Unknown | Private collection |
| 4 | 1998 | Unknown | Private collection |
| 5 | 2013 | Unknown | Private collection |
The Value
The 1913 Liberty Head Nickel is one of the most valuable coins in the world. The five known specimens have a combined value of over $10 million. The value of these coins is due to their rarity, historical significance, and beautiful design.
The Rebirth of a Classic: The 2005 Buffalo Nickel Commemorative
The year 2005 marked a significant milestone in numismatic history with the release of the Buffalo Nickel Commemorative, a stunning tribute to one of the most beloved coins in American history. This captivating commemorative coin showcased a faithful reproduction of the iconic Buffalo Nickel design, paying homage to the legacy of its predecessor. The 2005 Buffalo Nickel Commemorative quickly gained widespread recognition and became a highly sought-after collectible among enthusiasts.
2005 Buffalo Nickel Commemorative Specifications
| Weight | 5 grams (0.162 ounces) |
| Diameter | 21.2 millimeters (0.835 inches) |
| Composition | .900 fine silver |
| Mintage | 392,148 |
| Designer | James Earle Fraser |
Collecting the Buffalo Nickel: A Journey Through History and Value
1. Introduction
Since its introduction in 1913, the Buffalo nickel has captivated coin collectors worldwide.
2. Origins and Design
Designed by James Earle Fraser, the Buffalo nickel features a Native American chief on its obverse and an American bison on its reverse.
3. Composition and Minting
Initially composed of copper and nickel, the Buffalo nickel was later minted in various metals, including silver and gold.
4. Production Period
The Buffalo nickel was produced from 1913 to 1938, with a brief resurgence in 2001.
5. Obverse Design Variations
Throughout its production, the Buffalo nickel underwent several obverse design variations, including the Type 1 and Type 2 variations.
6. Reverse Design Variations
The reverse design also saw changes, with variations in the depiction of the bison and the placement of the “UNITED STATES OF AMERICA” inscription.
7. Rarities and Key Dates
Certain dates and varieties of the Buffalo nickel are highly sought-after by collectors, such as the 1913-S Type 1 and the 1937-D Tripled Die.
8. Grading and Value
The condition of a Buffalo nickel significantly affects its value. Coins graded in high grades command a premium, while worn or damaged coins may have lower value.
9. Collecting Strategies
Collectors can assemble their Buffalo nickel collections through a variety of strategies, such as by date and mint mark, variety, or condition.
10. Buffalo Nickels as Cultural Artifacts
The Buffalo nickel not only represents a coin, but also serves as a testament to the history, art, and cultural heritage of the United States. Its design embodies the spirit of the American frontier, making it a timeless collector’s item.
| Grade | Value Range |
|---|---|
| MS-60 | $15-$30 |
| MS-63 | $40-$75 |
| MS-65 | $100-$150 |
| MS-67 | $200-$300 |
Most Valuable Buffalo Nickels
Buffalo Nickels, issued from 1913 to 1938, are popular coins among collectors. While all Buffalo Nickels have value, certain varieties and conditions command significantly higher prices. Here are some of the most valuable Buffalo Nickels:
- 1913 Type 1 Buffalo Nickel: This rare variety features a prominent Type 1 obverse design and a Type 1 reverse design. Only a few thousand of these coins were minted, making them highly sought after.
- 1937-D 3-Legged Buffalo Nickel: This error coin features an obverse design with Buffalo’s back leg missing. Only a small number of these coins were produced and released into circulation, making them extremely valuable.
- 1918-S Buffalo Nickel: This coin is one of the rarest regular issue Buffalo Nickels. Only a few thousand were minted at the San Francisco Mint, and many were melted down later. This results in a high value for the survivors.
People Also Ask About Most Valuable Buffalo Nickels
How much is a 1937-D 3-Legged Buffalo Nickel worth?
The value of a 1937-D 3-Legged Buffalo Nickel varies depending on its condition. However, it is generally worth thousands of dollars, with well-preserved specimens fetching even higher prices.
What is the rarest Buffalo Nickel?
The 1913 Type 1 Buffalo Nickel is the rarest regular issue Buffalo Nickel. Only a few thousand were minted, making it highly sought after by collectors.
Are Buffalo Nickels made of silver?
No, Buffalo Nickels are not made of silver. They are made of a copper-nickel alloy, which gives them their distinctive color.
