These 9 Rare Buffalo Nickels Are Worth $3 Million Each — Still In Circulation
The Buffalo nickel, also known as the Indian Head nickel, was minted in the United States from 1913 to 1938. Designed by James Earle Fraser, the coin features a Native American on the obverse and an American bison on the reverse.
While millions were produced, certain rare variants and error coins have become highly sought after by collectors, fetching prices up to $3 million at auctions. Some of these valuable nickels are still in circulation, waiting to be discovered.
Top 9 Most Valuable Buffalo Nickels
Below is a table highlighting nine of the most valuable Buffalo nickels, their unique features, and their estimated values:
| Year & Mint Mark | Unique Feature | Estimated Value |
|---|---|---|
| 1913 Liberty Head | Unauthorized minting; only 5 known to exist | $3,000,000+ |
| 1916 (Philadelphia) | Doubled Die Obverse (DDO) error | $281,750 |
| 1918/7-D | Overdate error (1918 over 1917) | $350,750 |
| 1926-S | Low mintage; rare in high grades | $322,000 |
| 1937-D | Three-legged buffalo error | $99,875 |
| 1935 (Philadelphia) | Doubled Die Reverse (DDR) error | $104,650 |
| 1924-S | Scarce in mint state condition | $105,750 |
| 1919-S | Rare in uncirculated grades | $109,250 |
| 1927-S | High-grade specimens are extremely rare | $125,350 |
Detailed Overview of Notable Coins
1. 1913 Liberty Head Nickel
Although the Buffalo nickel was introduced in 1913, five Liberty Head nickels bearing the same year were clandestinely minted, likely by a mint employee. These coins were never officially authorized and are among the most coveted in numismatics. One specimen sold for over $3 million at auction.
2. 1916 Doubled Die Obverse (DDO)
This error coin exhibits a noticeable doubling of the date and other design elements on the obverse. Only about 200 examples are known, making it a rare find. A high-grade specimen fetched $281,750 at auction.
3. 1918/7-D Overdate
An overdate error where the 1918 date was stamped over a 1917 die, resulting in a visible overlap. This coin is highly prized among collectors, with one selling for $350,750.
4. 1926-S Buffalo Nickel
With a low mintage of just 970,000, the 1926-S is scarce, especially in higher grades. A mint state example achieved a price of $322,000 at auction.
5. 1937-D Three-Legged Buffalo
A minting error resulted in the buffalo on the reverse appearing to have only three legs. This distinctive error makes the coin highly collectible, with sales reaching up to $99,875.
6. 1935 Doubled Die Reverse (DDR)
This coin features a doubling of the inscriptions on the reverse side, a result of a misaligned die during minting. Collectors have paid as much as $104,650 for high-grade examples.
7. 1924-S Buffalo Nickel
Known for its low mintage and rarity in uncirculated condition, the 1924-S is a key date for collectors. A specimen in mint state sold for $105,750.
8. 1919-S Buffalo Nickel
While not the lowest mintage, the 1919-S is challenging to find in high grades due to poor strike quality. An uncirculated example commanded $109,250 at auction.
9. 1927-S Buffalo Nickel
High-grade 1927-S nickels are exceedingly rare, contributing to their high value. One such coin sold for $125,350.
How to Identify Valuable Buffalo Nickels
To determine if you possess a valuable Buffalo nickel, consider the following:
- Date and Mint Mark: Located below the words “FIVE CENTS” on the reverse side.
- Errors and Variations: Look for anomalies such as doubled dies, overdates, or missing elements.
- Condition: Coins in uncirculated or mint state condition are significantly more valuable.
- Professional Appraisal: Consult with a reputable coin dealer or grading service to assess authenticity and value.
Buffalo nickels, with their rich history and distinctive design, remain a favorite among coin collectors. Certain rare variants, especially those with minting errors or low production numbers, can be worth significant sums, sometimes reaching up to $3 million.
Whether you’re a seasoned collector or someone who stumbled upon an old coin, it’s worth examining your nickels—you might just have a hidden treasure in your hands.
FAQs
Can I still find Buffalo nickels in circulation?
While rare, it’s possible to find Buffalo nickels in circulation, especially in coin rolls or old collections. However, most have been removed from regular use due to their age and collectible value.
How can I tell if my Buffalo nickel is valuable?
Check the coin’s date, mint mark, and look for known errors or variations. Coins in excellent condition or with unique features are typically more valuable.
Where can I sell a valuable Buffalo nickel?
Consider selling through reputable coin dealers, auction houses, or online platforms specializing in numismatics. Ensure the coin is professionally graded to maximize its value.
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