Hidden in old jars, inherited coin sets, or forgotten drawers, some Buffalo Nickels are worth far more than their face value. These coins, struck between 1913 and 1938, carry fascinating stories and rare minting errors that make them highly coveted. By the end, you’ll know exactly which Buffalo Nickels could transform your pocket change into a small fortune.
What Are Buffalo Nickels?
The Buffalo Nickel, also known as the Indian Head Nickel, is one of the most iconic US coins. Featuring a Native American profile on one side and an American bison on the other, it symbolizes American heritage and artistry. But beyond beauty, certain dates, mint marks, and rare errors make these coins exceptionally valuable.
A Glimpse Into Their History
Introduced in 1913, the Buffalo Nickel replaced the Liberty Head Nickel. Designed by sculptor James Earle Fraser, it captured the spirit of the American West. However, its raised design led to rapid wear, making some dates and mint marks scarce today. Combined with minting quirks and low mintage, several issues became collectors’ holy grails.
Why Collectors Prize These Coins Today
Buffalo Nickels are sought after for their artistic design, historic symbolism, and investment potential. Many rare issues fetch thousands of dollars at auction, especially those in uncirculated or error condition. For coin hunters, discovering one feels like uncovering buried treasure — rare, rewarding, and real.
Top 10 Most Valuable Buffalo Nickels
1. 1913 Liberty Head “Type 2” Overdate Buffalo Nickel
Transitional design error from Liberty Head to Buffalo series. Its uniqueness and rarity make it highly collectible. Value: $60,000+
2. 1916 Doubled Die Obverse Buffalo Nickel
Distinct double image on the date and Liberty’s profile. One of the most famous US error nickels. Value: $15,000–$60,000
3. 1918/7-D Overdate Buffalo Nickel
A dramatic overdate error from the Denver Mint. Extremely rare and often counterfeited. Value: $40,000–$350,000
4. 1921-S Buffalo Nickel
Low mintage and poor strike quality make this San Francisco issue hard to find in high grade. Value: $10,000+
5. 1924-S Buffalo Nickel
Another low-mintage rarity with weak strikes, prized by advanced collectors. Value: $3,000–$20,000
6. 1926-S Buffalo Nickel
Extremely low mintage with fewer high-grade survivors. Value: $5,000–$50,000
7. 1935 Doubled Die Reverse Buffalo Nickel
Rare doubled lettering on the reverse. Scarce even in circulated condition. Value: $1,500–$10,000
8. 1936-D Three-and-a-Half-Legged Buffalo Nickel
Partial leg due to die polishing error. Less famous than the 1937 variety but still valuable. Value: $5,000+
9. 1937-D Three-Legged Buffalo Nickel
Legendary minting error missing a leg, caused by over-polished dies. One of the most iconic US error coins. Value: $5,000–$100,000
10. 1938-D Buffalo Nickel (Last Year Issue)
Final year of the series with strong strikes and limited run. Popular among completionists. Value: $1,000+
Summary of Most Valuable Buffalo Nickels
| Coin & Feature | Mint | Est. Value Range | Rarity Level |
|---|---|---|---|
| 1913 Liberty Head Type 2 Overdate | — | $60,000+ | Ultra Rare |
| 1916 Doubled Die Obverse | — | $15,000–$60,000 | Very Rare |
| 1918/7-D Overdate | D | $40,000–$350,000 | Ultra Rare |
| 1921-S | S | $10,000+ | Scarce |
| 1924-S | S | $3,000–$20,000 | Rare |
| 1926-S | S | $5,000–$50,000 | Very Rare |
| 1935 Doubled Die Reverse | — | $1,500–$10,000 | Scarce |
| 1936-D Three-and-a-Half-Legged | D | $5,000+ | Rare |
| 1937-D Three-Legged | D | $5,000–$100,000 | Very Rare |
| 1938-D Final Issue | D | $1,000+ | Collectible |
Collector Tips to Spot Valuable Buffalo Nickels
| Tip | Description |
|---|---|
| Check Mintmarks | Look for “D” or “S” marks below “Five Cents” |
| Inspect the Date | Overdates or doubling increase value significantly |
| Study the Legs | Missing or partial legs indicate major errors |
| Evaluate Condition | Higher grade = exponentially higher value |
| Authenticate Rare Finds | Get graded by PCGS or NGC for accuracy |
Expert Tips for Collectors
Experts recommend building a complete set of Buffalo Nickels by date and mintmark, then upgrading quality over time. Always verify rare dates and varieties with magnification and reference guides. Avoid cleaning coins — it lowers value drastically.
FAQs
Q: Can I still find Buffalo Nickels in circulation?
A: Rarely, but coin rolls, estate sales, and flea markets can yield surprises.
Q: Which Buffalo Nickel is the rarest?
A: The 1918/7-D Overdate and 1937-D Three-Legged are among the most valuable.
Q: How do I know if my Buffalo Nickel is valuable?
A: Check for rare dates, mintmarks, doubling, or missing legs. Certified grading can confirm value.
Conclusion: A Treasure Hunt in Your Change Jar
Every Buffalo Nickel tells a story of America’s past — but some tell stories worth tens of thousands of dollars. Whether you’re a seasoned numismatist or casual hobbyist, these coins invite you to look closer, search deeper, and maybe, uncover a treasure hiding in plain sight.