Buffalo Nickels, also called Indian Head Nickels, are some of the most iconic coins in American history. These coins, minted from 1913 to 1938, are beloved by collectors for their stunning design and historical significance. However, a select few Buffalo Nickels have become extraordinarily valuable, selling for over $500,000 at auction. Could one be hiding in your collection? Let’s explore the top seven rare Buffalo Nickels, their features, and what makes them so valuable.
1. 1913 Liberty Head Nickel (Type 2) – Sold for $3.7 Million
This coin is a transition from the Liberty Head design to the Buffalo Nickel, making it extremely rare. Only five examples are known to exist.
What Makes It Special?
- Design Transition: Marks the shift to the Buffalo Nickel design.
- Rarity: One of the rarest coins in U.S. history.
- Auction Price: $3.7 million in 2010.
2. 1918/7-D Overdate Buffalo Nickel – Worth Over $350,000
This coin features a famous minting error, with the 1918 date stamped over 1917. Only a handful remain in high grades, making it highly collectible.
| Feature | Details |
|---|---|
| Mint Mark | D (Denver) |
| Error Type | Overdate (1918 over 1917) |
| Value Range | $100,000 to $350,000+ |
3. 1926-S Buffalo Nickel – Valued at $322,000
The 1926-S Buffalo Nickel is known for its low mintage and scarcity in uncirculated condition.
Key Details:
- Low Mintage: Only 970,000 coins produced.
- Condition Matters: In MS65 grade or higher, it commands sky-high prices.
4. 1913-S Type 2 Buffalo Nickel – Worth Over $143,750
This early Buffalo Nickel stands out because of its San Francisco mintmark and Type 2 design.
Why Collectors Love It:
- Iconic Reverse: Features a raised mound beneath the buffalo.
- Low Population: Few survive in excellent condition.
5. 1937-D Three-Legged Buffalo Nickel – $120,000
This error coin is one of the most famous Buffalo Nickels. The missing front leg of the buffalo resulted from an over-polished die.
| Feature | Details |
|---|---|
| Mint Mark | D (Denver) |
| Error | Missing front leg |
| Value Range | $50,000 to $120,000+ |
6. 1916 Doubled Die Buffalo Nickel – $150,000
This coin features a doubled image on the obverse, particularly noticeable on the date and the words “Liberty.”
Highlights:
- Mint Error: Doubling on the date and inscriptions.
- High Demand: Rare in any grade, with values skyrocketing in MS64 or higher.
7. 1924-S Buffalo Nickel – Worth Over $105,000
Although not as famous as some others, this coin’s low mintage and scarcity in top grades make it a collector favorite.
Quick Facts:
- Mint Mark: S (San Francisco).
- Uncirculated Value: Over $105,000 for MS65 specimens.
How to Identify a Rare Buffalo Nickel
If you suspect you have a valuable Buffalo Nickel, look for these key features:
1. Mint Marks
Check for the S (San Francisco) or D (Denver) mint marks, often located on the reverse below the buffalo.
2. Key Dates
Rare years include 1913 (Type 1 and 2), 1918/7-D, and 1937-D (Three-Legged).
3. Errors and Variations
- Doubled Dies: Look for doubled images on the date or inscriptions.
- Overdates: Such as the 1918/7-D.
- Missing Details: Like the Three-Legged Buffalo.
4. Condition
Coins in MS65 or higher grades are exponentially more valuable. Get your coins professionally graded by PCGS or NGC for accurate valuation.
Preserving Your Buffalo Nickels
Do’s:
- Store Properly: Use airtight coin holders to prevent oxidation.
- Avoid Handling: Use gloves to avoid adding fingerprints or oils.
- Keep in a Cool, Dry Place: Protect your coins from humidity and extreme temperatures.
Don’ts:
- Don’t Clean Them: Cleaning can reduce value significantly.
- Avoid Improper Storage: Don’t store coins in cardboard or non-archival materials.
Conclusion
Buffalo Nickels are more than just coins; they’re pieces of American history with the potential to turn ordinary collectors into millionaires. Whether it’s the ultra-rare 1913 Liberty Head Nickel or the error-filled 1937-D Three-Legged Buffalo, these coins continue to fascinate and command premium prices. Check your collection—you might be holding a fortune!
FAQ
1. What makes Buffalo Nickels valuable?
Rarity, mint errors, and pristine condition drive the value of Buffalo Nickels.
2. How can I tell if my Buffalo Nickel is rare?
Look for key dates, mint marks, and unique errors like doubled dies or missing details.
3. Where can I sell my Buffalo Nickels?
You can sell rare coins through auction houses, online marketplaces like eBay, or coin dealers.
4. What is the most valuable Buffalo Nickel?
The 1913 Liberty Head Nickel (Type 2), valued at $3.7 million, is the most valuable.
5. Should I clean my Buffalo Nickels?
No, cleaning coins can decrease their value. Preserve them in their original state.