The Buffalo Nickel, also known as the Indian Head Nickel, is a five-cent coin that was minted in the United States between 1913 and 1938. At first glance, it may seem like just another old coin, but for collectors, it can be a prized possession. Some rare versions of this coin have sold for thousands or even hundreds of thousands of dollars at auctions.
Why It Is Called the Buffalo Nickel
The coin gets its name from the American bison, commonly called a buffalo, that appears on one side. The other side of the coin features the profile of a Native American chief. This unique design makes it one of the most recognizable coins in U.S. history.
The Rare Versions That Are Worth a Fortune
Not every Buffalo Nickel is valuable. The ones that attract high prices are usually rare minting errors, coins from certain years, or pieces in excellent condition. For example, the famous 1937-D “Three-Legged” Buffalo Nickel is one of the most sought-after coins. It was created due to a minting mistake that caused the buffalo’s front leg to appear missing.
How to Identify a Valuable Buffalo Nickel
Collectors look for several signs when judging value, including the year of minting, the mint mark, and the condition of the coin. Coins with clear details, no major scratches, and original luster are considered more valuable. Sometimes, a small difference in the design or a minting error can turn an ordinary nickel into a treasure.
Table of Some Valuable Buffalo Nickels
| Year & Mint Mark | Special Feature | Estimated Value (High Condition) |
|---|---|---|
| 1913-S Type 2 | Low mintage | $15,000+ |
| 1918/7-D | Overdate error | $350,000+ |
| 1937-D | Three-legged | $100,000+ |
Where You Might Find One
You do not have to be a professional collector to find a valuable Buffalo Nickel. Sometimes, they can be discovered in old coin jars, inherited collections, or even in pocket change. Coin dealers, antique shops, and flea markets are also common places where these treasures might appear.
Why Collectors Love Them
The Buffalo Nickel is not just about money; it is also about history. Each coin represents a piece of American heritage, celebrating Native American culture and the wildlife of the plains. For many collectors, owning one is like holding a small piece of the past.
Conclusion: Your Nickel Might Be a Jackpot
If you come across an old Buffalo Nickel, take a closer look. You might be holding something worth far more than five cents. In the world of coin collecting, sometimes the smallest items can bring the biggest rewards.
FAQs
Q: Are all Buffalo Nickels valuable?
No, most are worth only a few dollars, but rare versions or coins in excellent condition can be worth much more.
Q: How do I know if my Buffalo Nickel is rare?
Check the year, mint mark, and look for unique features or errors. Consulting a coin expert can help.
Q: Can I still find Buffalo Nickels in circulation?
It is rare, but possible. Most are found in collections, antique shops, or through coin dealers.