The Buffalo Nickel, minted from 1913 to 1938, is a cherished piece of American coinage. While many of these nickels are common, certain errors have transformed some into highly valuable collector’s items.
Below are five notable Buffalo Nickel errors that have fetched thousands at auctions.
1. 1916 Doubled Die Obverse
In 1916, a minting anomaly led to the Doubled Die Obverse error, where the coin’s front design appears doubled. This doubling is most evident in the date and the inscription “LIBERTY.” A well-preserved example of this error can command prices upwards of $105,000.
2. 1918/7-D Overdate
The 1918/7-D Overdate error occurred when a 1917 die was mistakenly repurposed in 1918, resulting in a visible “7” beneath the “8” in the date. This overdate error, especially from the Denver mint, is highly sought after. High-grade specimens have been known to sell for $264,500.
3. 1937-D Three-Legged Buffalo
One of the most famous Buffalo Nickel errors is the 1937-D Three-Legged Buffalo. Due to excessive die polishing at the Denver Mint, the buffalo’s front right leg is missing. This distinctive error has made the coin highly desirable, with auction prices reaching up to $150,000.
4. 1926-S Buffalo Nickel
While not an error, the 1926-S Buffalo Nickel is notable for its low mintage and rarity. Coins in uncirculated condition have fetched significant sums, with one example selling for $322,000.
5. 1913 Liberty Head Nickel
Although not a Buffalo Nickel, the 1913 Liberty Head Nickel is worth mentioning due to its rarity and value. Only five are known to exist, and one sold for $3.7 million at auction.
`Valuable Buffalo Nickel Errors
| Coin | Year | Error Type | Approximate Value |
|---|---|---|---|
| 1916 Doubled Die Obverse | 1916 | Doubled Die | $105,000 |
| 1918/7-D Overdate | 1918 | Overdate | $264,500 |
| 1937-D Three-Legged Buffalo | 1937 | Missing Leg | $150,000 |
| 1926-S Buffalo Nickel | 1926 | Low Mintage | $322,000 |
| 1913 Liberty Head Nickel | 1913 | Rare Issue | $3.7 million |
Factors Influencing Value
Several factors can affect the value of these error coins:
- Rarity: The fewer the coins with a specific error, the higher their value.
- Condition: Coins in mint or uncirculated condition fetch premium prices.
- Historical Significance: Errors from notable periods or with unique stories can increase desirability.
Identifying Error Coins
To determine if you possess a valuable error coin:
- Examine the Date and Details: Look closely at the date and other design elements for signs of doubling or anomalies.
- Consult Reference Materials: Use coin guides or reputable online resources to compare your coin.
- Seek Professional Appraisal: If you suspect an error, have the coin evaluated by a professional numismatist.
Frequently Asked Questions (FAQs)
1. How can I tell if my Buffalo Nickel has an error?
Carefully inspect the coin’s date, inscriptions, and images for irregularities such as doubling, missing elements, or overdates.
2. Are all Buffalo Nickel errors valuable?
While many errors add value, the extent depends on the rarity and demand for that specific error.
3. Where can I sell a valuable error coin?
Consider selling through reputable coin dealers, auction houses, or online platforms specializing in numismatics.
4. Should I clean my coin before having it appraised?
No, cleaning can reduce a coin’s value. It’s best to present it in its current condition.
5. How do I get my coin professionally graded?
Submit your coin to a recognized grading service, such as the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC), for evaluation.
Identifying and understanding these errors can significantly impact the value of your Buffalo Nickels. Regularly inspecting your collection may reveal hidden treasures worth thousands.