Buffalo nickels, minted between 1913 and 1938, are among the most iconic coins in U.S. history. Although millions were produced, only a select few with specific mint errors are now worth thousands of dollars.
Collectors actively seek these rare variations due to their historical significance and substantial value in the coin market. This article will guide you through the five most valuable Buffalo nickel errors, their significance, and how to identify them.
Errors on Buffalo Nickel Which are Worth Thousands
1. 1937-D Three-Legged Buffalo Nickel
The 1937-D Buffalo nickel is one of the most famous error coins, known as the “three-legged” nickel. Due to excessive die polishing at the Denver Mint, the buffalo on the reverse side appears to have only three legs.
This error has made the coin incredibly valuable. Depending on its condition, a three-legged Buffalo nickel can fetch anywhere from $600 to over $100,000.
Value Breakdown:
| Condition | Estimated Value |
|---|---|
| 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 Buffalo nickel features a clear doubling of the date and other details on the obverse (front side). This minting error is highly sought after by collectors and commands significant premiums.
The 1916 doubled die Buffalo nickel can sell for upwards of $5,000, even in worn conditions. Pristine examples have been auctioned for well over $100,000.
Value Breakdown:
| Condition | Estimated Value |
|---|---|
| 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
One of the rarest and most valuable Buffalo nickel errors is the 1918/7-D overdate. This coin was minted with the “7” underneath the “8” in the date, resulting from a die being re-used. Only a few thousand of these coins are believed to exist, making it extremely rare. A well-preserved 1918/7-D nickel can easily sell for $100,000 or more.
Value Breakdown:
| Condition | Estimated Value |
|---|---|
| Good (G-4) | $1,500 – $2,500 |
| Extremely Fine (EF-40) | $20,000 – $50,000 |
| Mint State (MS-65) | $100,000+ |
4. 1936-D 3 1/2 Leg Buffalo Nickel
The 1936-D Buffalo nickel with the 3 1/2 legs is another error that occurred due to die polishing. Although not as well-known as the 1937 three-legged version, this coin still holds considerable value. Most of these coins are found in circulated conditions, but even those can be worth thousands.
Value Breakdown:
| Condition | Estimated Value |
|---|---|
| Very Good (VG-8) | $1,000 – $1,500 |
| Extremely Fine (EF-40) | $5,000+ |
| Mint State (MS-63) | $10,000+ |
5. 1935 Doubled Die Reverse
A more obscure but still valuable error, the 1935 doubled die reverse Buffalo nickel, features doubling on the reverse, particularly noticeable in the words “FIVE CENTS.” Although fewer collectors are aware of this error, it can still command prices up to $1,000 for high-grade specimens.
Value Breakdown:
| Condition | Estimated Value |
|---|---|
| Good (G-4) | $75 – $100 |
| Extremely Fine (EF-40) | $500+ |
| Mint State (MS-65) | $1,000+ |
How to Spot These Errors
To identify these valuable error coins, collectors use tools like magnifying glasses and coin grading books. Pay close attention to the date and the buffalo’s legs, as these are the primary areas where errors occur.
In some cases, specialized coin dealers or grading services like PCGS and NGC can help verify the authenticity of a Buffalo nickel error.
Conclusion
Buffalo nickels with errors are some of the most valuable coins in the numismatic world. From the famous 1937-D three-legged buffalo to the 1918/7-D overdate, these errors provide a unique glimpse into the history of coin minting and can turn a seemingly ordinary coin into a collector’s treasure.
If you think you have one of these rare coins, it’s worth getting it appraised. Even in worn conditions, these error coins can be worth thousands, making them a potentially valuable addition to your collection
FAQs
1. What makes the 1937-D Buffalo nickel valuable?
The 1937-D Buffalo nickel is valuable due to a mint error that resulted in the buffalo having only three legs. Well-preserved coins can fetch upwards of $100,000.
2. How can I tell if my Buffalo nickel has a doubled die error?
Look closely at the numbers in the date and other inscriptions on the coin. If you notice doubled lines or characters, your coin may have a doubled die error.
3. Are all Buffalo nickels valuable?
No, most Buffalo nickels are worth between $0.50 and $10, depending on their condition and rarity. Only coins with specific errors or in near-perfect condition are worth thousands.
4. What is the 1918/7-D overdate error?
The 1918/7-D Buffalo nickel features a “7” under the “8” in the date due to a re-used die. This rare error significantly increases the coin’s value.
5. Where can I get my Buffalo nickel appraised?
You can get your Buffalo nickel appraised at a certified coin dealer, or through services like PCGS and NGC, which specialize in coin grading.
References
- Hero Bullion, Buffalo Nickel Value Guide.
- U.S. Coins Guide, What Mint Errors Are on the Buffalo Nickel?.
- Coin Value Checker, 23 Most Valuable Buffalo Nickel Coins Worth Money.
- Coin World, Rare Buffalo Nickel Errors.
