The Buffalo Nickel, minted between 1913 and 1938, is an iconic piece of American coinage. Designed by James Earle Fraser, it features a Native American profile on one side and an American bison on the other. While millions were minted, few have survived in excellent condition, especially those that made it through the Great Depression. Today, some of these nickels are worth a fortune to collectors.
A Brief History of the Buffalo Nickel
The Buffalo Nickel was introduced to replace the Liberty Head Nickel, with a more distinct and bold design. The Native American portrait was inspired by three chiefs from different tribes, while the buffalo on the reverse side was modeled after a bison named Black Diamond from the Central Park Zoo.
The Impact of the Great Depression
During the Great Depression (1929-1939), money was scarce, and coins were heavily circulated. Many Buffalo Nickels from this period are worn, scratched, or damaged. Finding a well-preserved piece from this era is a rarity, making such coins highly valuable.
Value of a Rare Buffalo Nickel
Today, collectors value Buffalo Nickels based on their mint year, condition, and rarity. Coins from specific mints or with errors can fetch thousands of dollars. Here’s a table showing estimated values for some rare Buffalo Nickels:
| Mint Year | Mint Mark | Condition (Good) | Condition (Fine) | Condition (Uncirculated) |
|---|---|---|---|---|
| 1913 | D | $25 | $60 | $300 |
| 1916 | S | $100 | $400 | $1,500 |
| 1937 | D (3 Legs) | $550 | $2,000 | $7,000 |
Why Are These Nickels So Valuable?
Apart from the aesthetic appeal and historical significance, the scarcity of well-preserved nickels from the Great Depression adds to their value. Coins with unique errors, like the famous 1937-D Three-Legged Buffalo Nickel, are especially coveted.
Tips for Collectors
- Look for clear dates and minimal wear.
- Check for mint marks and rare variations.
- Get coins professionally graded to determine their true value.
FAQ’s
What makes a Buffalo Nickel valuable?
Rarity, mint mark, condition, and historical significance influence its value.
How can I identify a rare Buffalo Nickel?
Look for unique features like errors or scarce mint marks.
Are all Buffalo Nickels worth money?
Not all; common ones in poor condition may only be worth face value.
How can I sell my rare nickel?
Visit a professional coin dealer or auction to get an appraisal.
Are Buffalo Nickels still in circulation?
No, they were discontinued in 1938, but some may occasionally appear in pocket change.
