How To Spot A Rare Buffalo Nickel That Could Fetch You Big Money!

Buffalo nickels, also known as Indian Head nickels, were minted in the United States from 1913 to 1938. Designed by sculptor James Earle Fraser, these coins feature a Native American profile on the obverse and an American bison on the reverse.

While many Buffalo nickels are common, certain variations and errors can make them highly valuable to collectors. Understanding these key features can help you identify a coin that might be worth thousands.

Key Factors That Determine Value

1. Rarity: Coins with low mintage numbers or unique variations are often more valuable.
2. Condition: Coins in mint condition or with minimal wear fetch higher prices.
3. Minting Errors: Errors such as overdates or missing elements can significantly increase a coin’s value.

Notable Buffalo Nickels and Their Features

Below is a table highlighting some of the most valuable Buffalo nickels, their distinguishing features, and estimated values:

How to Spot Valuable Buffalo Nickels

• Check the Date and Mint Mark: The date is located on the obverse (front) of the coin, typically above the inscription “LIBERTY.” Mint marks can be found on the reverse (back) under the words “FIVE CENTS.” A “D” indicates the Denver Mint, while an “S” signifies the San Francisco Mint.
• Look for Overdate Errors: Some coins, like the 1918/7-D, exhibit an overdate where the previous year’s date is still partially visible beneath the current year. This occurs when a die from a previous year is repurposed and overdated.
• Identify Doubled Die Varieties: Doubled die errors occur when the coin is struck twice, resulting in overlapping images. For instance, the 1935 Doubled Die Reverse shows noticeable doubling in the inscription “FIVE CENTS.”
• Examine for Missing Elements: The 1937-D Three-Legged Buffalo nickel is famous for missing one of the buffalo’s legs due to over-polishing of the die.

Preserving and Evaluating Your Coin

If you believe you have a valuable Buffalo nickel, it’s essential to preserve its condition. Avoid cleaning the coin, as this can reduce its value.

Store it in a protective holder to prevent further wear. For an accurate assessment, consider consulting a professional coin grader or numismatist.

Buffalo nickels hold a significant place in American numismatic history. While many are common, certain dates, mint marks, and errors can make them highly valuable.

By familiarizing yourself with these key features, you can identify potentially valuable coins in your collection.

FAQs

What makes a Buffalo nickel valuable?

A Buffalo nickel’s value is determined by its rarity, condition, and any unique features such as minting errors or low mintage numbers.

Where is the mint mark located on a Buffalo nickel?

The mint mark is located on the reverse side of the coin, beneath the words “FIVE CENTS.”

Should I clean my Buffalo nickel to enhance its value?

No, cleaning a coin can reduce its value. It’s best to store it in a protective holder and consult a professional for evaluation.