The Buffalo Nickel, minted from 1913 to 1938, not only captures a rich segment of American history but also holds significant value among coin collectors due to its rarity and unique variants.
This guide delves into the most valuable Buffalo Nickel coins that have fetched astonishing prices at auctions, owing to their scarcity, condition, and historical significance.
1. 1926-S Buffalo Nickel
- Mint State: MS 66
- Record Sale Price: $322,000 in 2008
- Notable Features: This coin holds the record for the highest auction price among Buffalo Nickels due to its extremely low mintage and high grade.
2. 1913-S Type 2 Buffalo Nickel
- Mint State: MS 68
- Record Sale Price: $40,250 in 2001
- Notable Features: Known for its clear definition and the rarity of high-grade examples, this coin is prized among collectors.
3. 1937-D 3-Legged Buffalo Nickel
- Mint State: MS 67
- Record Sale Price: $99,875 in 2006
- Notable Features: The result of a mint error that produced a three-legged bison, making it one of the most famous and sought-after error coins.
4. 1916 Doubled Die Obverse
- Mint State: MS 65
- Record Sale Price: $69,000 in 2003
- Notable Features: This coin is famous for its doubled die obverse, which significantly adds to its value and collectibility.
5. 1918/7-D Overdate
- Mint State: MS 65
- Record Sale Price: $350,750 in 2006
- Notable Features: An overdate error resulted in some of the most sought-after Buffalo Nickels ever, with prices soaring due to their rarity.
6. 1920-D Buffalo Nickel
- Mint State: MS 67
- Record Sale Price: $138,000 in 2008
- Notable Features: Celebrated for its superb preservation and high grade, this coin is a rare find from the Denver Mint.
7. 1927-S Buffalo Nickel
- Mint State: MS 66+
- Record Sale Price: $125,350 in 2008
- Notable Features: Despite a decent mintage, high-grade examples like this are incredibly scarce, hence the high value.
8. 1919-S Buffalo Nickel
- Mint State: MS 66
- Record Sale Price: $109,250 in 2006
- Notable Features: Rarity in high grades combined with historical demand makes this coin particularly valuable.
9. 1935 Double Die Reverse
- Mint State: MS 65
- Record Sale Price: $104,650 in 2007
- Notable Features: Double die errors on the reverse side of the coin add to its rarity and desirability among collectors.
10. 1914/3 Overdate
- Mint State: MS 65+
- Record Sale Price: Information not available
- Notable Features: This overdate error is a prime example of mint mistakes that create significant collector interest and value.
Collecting Tips
To make the most out of collecting Buffalo Nickels:
- Aim for the Best: Higher grades generally mean better future value.
- Look for Errors: These can significantly increase a coin’s worth.
- Preserve the Condition: Handle coins carefully and consider professional grading for authentication.
Conclusion
The realm of Buffalo Nickels presents a fascinating venture for collectors, combining historical intrigue with the thrill of treasure hunting.
Whether you’re drawn to their artistic merit or their numismatic value, these coins offer a tangible connection to America’s rich minting history and promise potential financial reward for discerning collectors.
FAQs
1. What makes a Buffalo Nickel valuable?
Rarity, mint condition, and historical errors such as doubled dies or overdates significantly increase a coin’s value.
2. How can I start collecting Buffalo Nickels?
Begin by setting a clear goal for your collection, focusing on acquiring coins in the best condition you can afford, and considering professional grading for high-value coins.
3. Where can I purchase valuable Buffalo Nickels?
Reputable coin dealers, major coin auctions, and certified platforms are recommended for purchasing these nickels.
4. What is the most famous error found in Buffalo Nickels?
The 1937-D 3-legged Buffalo Nickel is one of the most renowned errors due to the partial abrasion of the bison’s leg.
5. Are Buffalo Nickels a good investment?
Yes, particularly rare variants and high-grade coins often appreciate in value, making them a worthwhile investment for collectors.
