Buffalo Nickels are among the most iconic coins in American history, and they continue to captivate collectors even today. Produced by the U.S. Mint between 1913 and 1938, these coins are famous for their unique design featuring an American buffalo (or bison) and an Indigenous American figure. While most Buffalo Nickels are worth only a few dollars, some rare versions of the coin can fetch thousands of dollars at auction. If you have a collection of coins, especially old ones, it’s worth knowing how to spot a Buffalo Nickel that could make you rich.
What Makes Buffalo Nickels Special?
Buffalo Nickels are memorable for their distinctive design. On the front (obverse), the coin features a Native American man, and on the reverse (back), there is an image of a buffalo. This design was created by sculptor James Earle Fraser and quickly became a favorite among the American public. The coin’s design, paired with its historical significance, makes Buffalo Nickels highly desirable among collectors.
Rare Buffalo Nickels Worth Thousands
There are certain versions of the Buffalo Nickel that can fetch thousands of dollars. The key is knowing which ones to look for. Here are a few examples of rare Buffalo Nickels worth much more than their face value:
1. 1913 Type 1 Buffalo Nickel
The 1913 Type 1 Buffalo Nickel is one of the most famous and valuable Buffalo Nickels. The design of this coin includes a buffalo with its tail raised, which was altered in later versions of the coin. Type 1 Buffalo Nickels are highly coveted, with coins in excellent condition selling for several thousand dollars at auction. Some even sell for more than $10,000 if in nearly perfect condition.
2. 1937-D Three-Legged Buffalo Nickel
This is perhaps the most famous Buffalo Nickel error coin. The 1937-D Buffalo Nickel was supposed to show the buffalo with four legs, but due to a die malfunction, the coin was struck with only three visible legs. This error created a highly valuable coin that is one of the most sought-after in the Buffalo Nickel series. Depending on the coin’s condition, the 1937-D Three-Legged Buffalo Nickel can sell for anywhere from $500 to $50,000 or more.
3. 1918/7-D Buffalo Nickel
Another rare Buffalo Nickel is the 1918/7-D, which features a double date — the “1918” was overstruck on a “1917” die. This error makes the coin extremely rare and valuable, with prices often reaching thousands of dollars. The condition of the coin, as well as its authenticity, will affect how much it sells for, but it’s certainly one to keep an eye on.
4. 1921 Buffalo Nickel
The 1921 Buffalo Nickel is rare because the U.S. Mint produced fewer of them than other years. Coins from this year can be worth up to $2,000 or more, depending on their condition. The 1921 Buffalo Nickel is an excellent example of how rarity and limited mintage can affect a coin’s value.
Conclusion
Buffalo Nickels are among the most popular and valuable coins for collectors, but it’s important to know which ones are worth big money. By looking for rare dates, mint errors, and coins in good condition, you could find a coin that might fetch thousands of dollars. Whether you’re a seasoned collector or new to coin hunting, spotting rare Buffalo Nickels could be a rewarding and profitable experience. So, take a closer look at your old coins, and you might just find the one that makes you rich!
FAQs
1. What is the most valuable Buffalo Nickel?
The most valuable Buffalo Nickel is the 1937-D Three-Legged Buffalo Nickel, which can sell for up to $50,000 or more depending on its condition.
2. How can I tell if my Buffalo Nickel is valuable?
Look for rare years like 1913, 1921, or 1937-D, check for mint errors (like the three-legged buffalo), and examine the condition of the coin.
3. Where can I sell my rare Buffalo Nickel?
You can sell rare Buffalo Nickels through coin dealers, online auctions like eBay, or at coin shows where collectors and dealers gather.