Buffalo nickels are a famous part of U.S. coin history, produced between 1913 and 1938. While many of these coins were made, only a few rare versions with specific errors are highly valuable today.
Collectors seek these unique coins not just for their historical significance but also for their market value. In this article, we will look at five of the most valuable Buffalo nickel errors, what makes them special, and how to spot them.
1. 1937-D Three-Legged Buffalo Nickel
One of the most famous Buffalo nickels is the 1937-D Three-Legged Buffalo Nickel. This coin is known for its unusual error, where the buffalo on the back appears to have only three legs.
This happened at the Denver Mint due to excessive polishing of the die used to create the coin. Because of this error, it is highly sought after by collectors, and its value can be significant.
Value Breakdown:
- Good (G-4): $500 – $700
- Extremely Fine (EF-40): $2,000 – $3,000
- Mint State (MS-63): $40,000 – $70,000
2. 1916 Doubled Die Obverse
The 1916 Doubled Die Obverse is another notable error. This error means that the date and other details on the front side of the coin are clearly doubled. Collectors love this coin, and even those that are worn can be worth around $5,000. In excellent condition, it can sell for over $100,000.
Value Breakdown:
- Good (G-4): $5,000 – $6,000
- Very Fine (VF-30): $10,000 – $20,000
- Mint State (MS-65): $50,000+
3. 1918/7-D Overdate Error
The 1918/7-D Overdate Error is one of the rarest Buffalo nickel errors. This coin has a “7” visible beneath the “8” in the date due to a die being reused. Only a few thousand of these coins are known to exist, making them extremely rare. Well-preserved examples can easily sell for $100,000 or more.
Value Breakdown:
- Good (G-4): $1,500 – $2,500
- Extremely Fine (EF-40): $20,000 – $50,000
- Mint State (MS-65): $100,000+
4. 1926-S Strong Reverse
The 1926-S Buffalo Nickel is recognized for its strong reverse, meaning the details of the buffalo are exceptionally clear. This clear appearance comes from a well-made die, and collectors highly value this variation. The prices can be quite impressive.
Value Breakdown:
- Good (G-4): $200 – $400
- Extremely Fine (EF-40): $1,000 – $2,000
- Mint State (MS-63): $8,000 – $12,000
5. 1935 Doubled Die Reverse
Lastly, the 1935 Doubled Die Reverse features a doubled design on the back side of the coin. This error is rare and makes the coin valuable, with prices varying based on condition.
Value Breakdown:
- Good (G-4): $150 – $300
- Extremely Fine (EF-40): $700 – $1,500
- Mint State (MS-63): $5,000 – $8,000
Buffalo nickels with these specific errors are highly sought after in the coin collecting world.
Their rarity and unique characteristics make them valuable collector’s items. Whether you are a seasoned collector or just starting out, learning about these errors can help you discover and appreciate some of the most precious coins in U.S. history.
Buffalo nickels are more than just coins; they tell a story of American history and craftsmanship.
The errors we discussed make some of these coins incredibly valuable. Knowing how to identify these rare nickels can open up a new world of collecting. Each coin carries its own history and significance, making them treasures worth seeking out.
1. What is a Buffalo nickel?
A Buffalo nickel is a five-cent coin produced in the United States from 1913 to 1938, featuring a buffalo and an Indian chief.
2. Why are some Buffalo nickels more valuable than others?
Some Buffalo nickels are more valuable due to rare errors in their production, making them highly sought after by collectors.
3. How can I tell if my Buffalo nickel is valuable?
To determine the value, look for specific errors, check the coin’s condition, and research its rarity.
4. Where can I sell my Buffalo nickel?
You can sell Buffalo nickels to coin dealers, at auctions, or through online marketplaces.
5. What should I do if I think I have a rare Buffalo nickel?
If you suspect you have a rare coin, consider having it appraised by a professional coin expert for an accurate valuation.
