Numismatists have been captivated by Buffalo Nickels, which were produced between 1913 and 1938, for their distinctive design and the intriguing defects that have the potential to substantially increase their value.
In this article, we explore the top five errors on Buffalo Nickels that can increase their value by thousands of dollars, offering a comprehensive breakdown of the factors that contribute to their exceptional value.
5 Errors Spot on Buffalo Nickel Worth Thousands
1. 1937-D 3-Legged Buffalo Nickel
The 1937-D 3-Legged Buffalo Nickel is one of the most renowned and sought-after error coins. This error was the consequence of an overzealous attempt to rectify a defect on the die, which caused the bison to appear to have only three legs. In immaculate condition, these nickels can be sold for as much as $110,000, rendering them a highly sought-after item for collectors.
2. 1918/7-D Overdate Buffalo Nickel
Another anomaly in the Buffalo Nickel series is the 1918/7 overdate error. A “7” is evidently visible beneath the “8” in the date in this error. This coin, which was initially identified in the 1930s, continues to be in high demand among collectors, with values beginning at approximately $2,000 for circulated conditions.
3. 1916 Doubled Die Obverse
This error is one of the most conspicuous in the Buffalo Nickel series and is characterized by a distinct duplication of the date. The value of this coin commences at $5,000 and increases with improved preservation, despite the fact that the majority of examples are severely worn.
4. 1935 Doubled Die Reverse
An error that is less well-known but still valuable is the 1935 Doubled Die Reverse, which involves the duplication of the words “FIVE CENTS.” Only a few hundred pieces of this uncommon variety are known. Although it is not as frequently collected, it still commands a premium price, with values starting at approximately $75.
5. 1938-D D Over S Mintmark
Although the D over S mintmark variant is intriguing, it is relatively common among serious collectors. It is valued by those seeking to complete a full series of Buffalo Nickels, and it is not the rarest, as it has a “D” mintmark struck over a “S.” In circulated conditions, this error is available for purchase at a cost of approximately $10.
Valuable Buffalo Nickel Errors
| Error Type | Year | Estimated Value Range |
|---|---|---|
| 3-Legged Buffalo | 1937-D | $350 – $110,000 |
| Overdate (8 over 7) | 1918-D | $2,000+ |
| Doubled Die Obverse | 1916 | $5,000+ |
| Doubled Die Reverse | 1935 | $75+ |
| D Over S Mintmark | 1938-D | $10+ |
Conclusion
Buffalo Nickels with errors are not just coins but treasures of numismatic history, offering insights into minting practices of the past and the potential for substantial financial value.
Collectors are advised to seek professional grading to accurately determine the condition and authenticity of such coins, enhancing their investment potential and historical appreciation.
FAQs
1. How do I identify a 1937-D 3-Legged Buffalo Nickel?
Look for the missing front leg on the buffalo, which should appear conspicuously absent.
2. What makes the 1918/7-D nickel so special?
It features a clear “7” under the “8” in the date, a mistake during the minting process.
3. Are all old Buffalo Nickels valuable?
Not all; value largely depends on rarity, errors, and condition.
4. Where can I find these error nickels?
These coins are rarely found in circulation today; they are usually purchased through auctions or from coin dealers.
5. How should I store my Buffalo Nickels to preserve their value?
Store them in a cool, dry place away from direct sunlight and consider using acid-free holders.
