The 1916 Buffalo Nickel Double Die Obverse is one of the most sought-after coins among numismatists and collectors. Its rarity and unique characteristics make it a prized possession, with some specimens valued as high as $175,000. But what makes this coin so special, and how can you identify it? Let’s dive into the details.
The History of the Buffalo Nickel
The Buffalo Nickel, also known as the Indian Head Nickel, was minted from 1913 to 1938. Designed by sculptor James Earle Fraser, the coin features a Native American portrait on the obverse and a bison on the reverse. It was a tribute to America’s Native heritage and the wild buffalo that once roamed the plains.
What is a Double Die Obverse?
A Double Die Obverse occurs when the coin’s die is struck more than once in a misaligned position during the minting process. This results in doubled images, usually noticeable in letters, numbers, or other design elements. In the case of the 1916 Buffalo Nickel, the doubling is particularly evident in the date and some lettering.
Why is the 1916 Buffalo Nickel So Valuable?
The rarity and uniqueness of the 1916 Double Die Obverse Buffalo Nickel make it highly valuable. Few specimens exist, as the error was not widely recognized during production. As a result, these coins can fetch prices as high as $175,000 in mint condition.
How to Identify a 1916 Double Die Obverse
To spot this rare coin, look closely at the date “1916” on the obverse. The doubling is often most noticeable in the digits “1” and “6”. Using a magnifying glass can help confirm the presence of doubling.
Condition and Grading
The value of the 1916 Buffalo Nickel varies based on its condition and grading. Coins in pristine, uncirculated condition can reach the top valuation, while worn or damaged coins are worth significantly less.
| Condition | Estimated Value |
|---|---|
| Uncirculated (MS-65) | Up to $175,000 |
| Extremely Fine (EF) | $50,000 to $100,000 |
| Fine (F) | $10,000 to $20,000 |
| Good (G) | $2,000 to $5,000 |
Are These Coins Still in Circulation?
Although extremely rare, some 1916 Buffalo Nickel Double Die Obverse coins may still be found in circulation, typically in coin collections, estate sales, or old coin rolls.
Final Thoughts
The 1916 Buffalo Nickel Double Die Obverse is a numismatic treasure. If you come across one, make sure to verify its authenticity and condition before making any sales. Owning such a piece of history is truly remarkable.
FAQs
- How many 1916 Double Die Obverse Buffalo Nickels exist? The exact number is unknown, but very few are known to survive.
- What should I do if I find one? Have it professionally graded and authenticated before making any decisions.
- Why is the doubling primarily seen on the date? The minting error primarily affected the date area, making it the most noticeable spot.
- Can I find one in pocket change? It is highly unlikely, but checking old coin collections or rolls might be worthwhile.
- Are replicas common? Yes, some replicas exist, so always ensure authenticity through professional grading.
