Buffalo Nickels are more than just coins; they’re iconic pieces of American history. Minted between 1913 and 1938, these coins are famous for featuring a Native American chief on one side and an American bison on the other. Designed by James Earle Fraser, the Buffalo Nickel has become a beloved symbol of the American West and is one of the most cherished coins in U.S. numismatic history.
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But not all Buffalo Nickels are created equal. Some of these coins are extremely rare and can fetch a small fortune. The value of a Buffalo Nickel is primarily determined by its rarity, condition, and historical significance. Whether you’re a seasoned coin collector or a casual treasure hunter, here’s a rundown of the 10 most valuable Buffalo Nickels that could make you a millionaire.
1. 1916 Buffalo Nickel
The 1916 Buffalo Nickel stands as one of the most coveted coins among collectors. With a low mintage and high demand, a well-preserved 1916 Buffalo Nickel can sell for up to $40,000. This coin is particularly sought after because fewer were produced compared to other years, making it a rare find. If you come across one, you may be holding onto a real treasure.
2. 1914 Buffalo Nickel
The 1914 Buffalo Nickel is another early example from the first few years of production and is highly prized. With historical significance, this coin can command prices upwards of $30,000 in excellent condition. Its rarity and status as one of the earliest Buffalo Nickels make it a top choice for serious collectors.
3. Uncirculated Buffalo Nickel
Uncirculated Buffalo Nickels are those that never entered daily circulation, remaining in pristine, almost brand-new condition. These coins retain all their sharp details and clear designs, making them especially appealing to collectors. Depending on the year and mint mark, an uncirculated Buffalo Nickel can be worth $15,000 or more, a true gem in any collection.
4. 1935 Doubled Die Reverse Buffalo Nickel
The 1935 Doubled Die Reverse Buffalo Nickel is a superstar in the numismatic world due to its unique minting error. The reverse side of this coin was struck twice, creating a doubled design that makes it an incredibly rare and valuable find. In 2008, one of these coins sold for an astonishing $104,650 at auction. If you find one, you’ve hit the jackpot.
5. 1937 D Three-Legged Buffalo Nickel
The 1937 D Three-Legged Buffalo Nickel is one of the most famous error coins in U.S. history. Due to a minting mistake where one of the buffalo’s legs was accidentally removed, this coin is highly sought after. In exceptional condition, a 1937 D Three-Legged Buffalo Nickel can fetch up to $150,000. It’s a true rarity for any coin collector.
6. 1926 D Buffalo Nickel (3 ½ Legs)
The 1926 D Buffalo Nickel with a “3 ½ Legs” error is another unique find. This coin features a buffalo with a partially missing leg due to over-polishing of the die during minting. Although less valuable than some of the other error coins, it can still command around $9,400. It’s a fascinating example of the quirks of coin production.
7. 1921-S Buffalo Nickel
The 1921-S Buffalo Nickel is considered one of the rarest and most valuable of the series, especially because it was minted in San Francisco with a very limited production. As one of the key dates for collectors, a 1921-S in great condition can be worth over $150,000. This coin is a prized possession for any serious collector.
8. 1915-S Buffalo Nickel
Minted at the San Francisco Mint, the 1915-S Buffalo Nickel is prized for its low mintage and historical importance. Depending on its condition, this rare coin can fetch between $25,000 and $40,000. The “S” mintmark adds to its rarity, making it an essential piece for any serious numismatist.
9. 1918/7-D Buffalo Nickel
The 1918/7-D Buffalo Nickel is an overdate coin, meaning the mint accidentally used a 1917 die to strike a 1918 coin, resulting in a unique overdate error. This coin is one of the most valuable Buffalo Nickels, with prices reaching over $200,000 for coins in top condition. If you find one, consider yourself incredibly lucky!
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10. 1923 Off-Center Buffalo Nickel
While not as valuable as some other rarities on this list, the 1923 Off-Center Buffalo Nickel is a fascinating coin. These coins were struck off-center during the minting process, giving them a distinct misaligned appearance. Depending on the severity of the error, these coins can be worth $500 or more. They’re a fun and affordable way to get into coin collecting.
Why Are These Buffalo Nickels So Special?
Buffalo Nickels are cherished not just for their iconic design but also for their historical importance. What makes certain Buffalo Nickels worth millions? It all boils down to rarity, condition, and unique minting errors. Coins that were produced in limited quantities, have distinctive design mistakes, or were struck at particular mints are especially valuable. Collectors are drawn to these coins not only for their monetary worth but also for the story they tell about America’s past and the development of its coinage.
If you’re lucky enough to find a rare Buffalo Nickel, you might just be holding a piece of American history—and a potential fortune!