Buffalo Nickels, also called Indian Head Nickels, are some of the most popular coins among collectors. These coins have a unique design and a rich history, making them more than just spare change. If you’re curious about their worth or what makes them valuable, this guide will help you understand their significance, factors affecting their value, and how to grade them properly.
What Are Buffalo Nickels?
Buffalo Nickels were minted from 1913 to 1938 and designed by James Earle Fraser. The front of the coin features a Native American chief, while the back shows an American bison. These coins circulated widely for over 25 years, and many still exist in different conditions. Their availability and historical appeal make them a great choice for collectors at all levels.
The 8 Most Valuable Buffalo Nickels
- 1918/7-D Buffalo Nickel ($350,000)
- This rare coin features an overdate error, where the 1918 date was stamped over 1917. It was discovered in 1930, making it a collector’s favorite.
- Value: Circulated versions range from $600 to $29,500, while an uncirculated MS64 version sold for $350,750 in 2006.
- 1916 Doubled Die Obverse Buffalo Nickel ($281,750)
- This coin has a noticeable double image on the front, affecting the date, feathers, and hair ribbon.
- Value: Circulated coins can be worth $2,600 to $48,000. An uncirculated MS64 version sold for $281,750 in 2004.
- 1936-D 3 1/2 Legs Buffalo Nickel ($20,700)
- A minting error caused this coin to appear as though the buffalo is missing part of one leg.
- Value: Circulated versions can be worth $980, while uncirculated versions sell for up to $22,500. An MS63 version sold for $20,700 in 2009.
- 1926-S Buffalo Nickel ($135,000)
- This coin had a low mintage, and most were heavily circulated, making mint-condition versions rare.
- Value: Circulated versions range from $25 to $3,500, while an MS66 uncirculated coin can be worth up to $135,000.
- 1913-D Type 2 Buffalo Nickel ($35,000)
- The Type 2 version of this coin, produced in Denver, had a lower mintage and was not widely saved by collectors.
- Value: Circulated versions can be worth $75 to $275, while uncirculated ones can fetch up to $35,000.
- 1937-D 3-Legged Buffalo Nickel ($90,000)
- Due to an error during minting, this coin appears to have only three legs.
- Value: Circulated versions can be worth $500, while high-quality uncirculated examples range from $20,000 to $90,000.
- 1913-S Type 2 Buffalo Nickel ($100,000)
- With a low mintage of just over 1.2 million, this coin is highly sought after by collectors.
- Value: Circulated versions start at $200, while uncirculated coins can be worth up to $100,000.
- 1921-S Buffalo Nickel ($45,000)
- With a mintage of only 1.5 million, many of these coins were worn out in circulation, making well-preserved examples rare.
- Value: Circulated versions range from $40 to $1,000, while uncirculated coins can sell for $45,000 or more.
What Affects the Value of Buffalo Nickels?
- Date and Mint Mark – Some years and mint locations produced fewer coins, making them rarer and more valuable.
- Condition – Coins in better condition (with less wear) are worth more. A grading system helps determine their quality.
- Errors and Special Features – Coins with errors like doubled dies or missing details are often more valuable.
How Are Buffalo Nickels Graded?
- Mint State (MS) – No signs of wear, sharp details, and original shine.
- Extremely Fine (EF/XF) – Slight wear on high points but still detailed.
- Fine (F) – Moderate wear, with some details fading.
- Good (G) – Heavy wear with many details worn smooth.
Increasing a Buffalo Nickel’s Value
- High-Grade Condition – Well-preserved coins are worth more.
- Rare Features – Unique errors or varieties can boost value.
- Strong Eye Appeal – Coins with deep colors or good luster attract collectors.
History and Design of Buffalo Nickels
Buffalo Nickels were introduced in 1913 after President Theodore Roosevelt wanted more artistic U.S. coins. James Fraser designed them, inspired by his experiences with Native American tribes and the Great Plains. The obverse features a Native American profile, and the reverse shows an American bison.
Why Buffalo Nickels Are Collectible
Buffalo Nickels are not just old coins; they represent American history and artistry. Their unique design, rare varieties, and the challenge of collecting a full set make them highly desirable among numismatists. Whether in worn condition or mint state, they remain valuable collectibles for generations to come.
