Sometimes we find coins inside our pockets or a relative gives us an old one, but we are not sure about their value
It’s not uncommon to stumble upon an old coin in a drawer or receive one from a family member, often leaving us unsure of its worth. What may seem like ordinary change could actually be quite valuable. One such coin is the Buffalo Nickel, which holds significant value due to its rich background and interest in the numismatic market. Let’s dive into what makes this coin so special.
Buffalo Nickel
The Buffalo Nickel is a five-cent coin that was produced in the United States from 1913 to 1938. It measures 21.2 mm in diameter and weighs about 5 grams. Made primarily of nickel and copper, this coin stands out because of its unique and historical design. While it was used as everyday currency decades ago, today certain versions of this coin are highly sought after and can be worth thousands of dollars.
Unique design
Under President Theodore Roosevelt’s administration (1901–1909), a reform called the “Renaissance of American Coinage” aimed to improve coin designs by highlighting national culture. This initiative brought us beautifully crafted coins like the $20 Double Eagle, the Lincoln Cent, the Mercury Dime, and of course, the Buffalo Nickel. Artist James Earle Fraser created the Buffalo Nickel’s design, featuring a Native American on the front and an American bison on the back—symbolizing national pride and heritage.
Buffalo’s value
Although Buffalo Nickels don’t contain precious metals like gold or silver, their rarity, historical value, and specific design features make them highly collectible. Collectors often seek coins with minting errors—such as the famous version where the buffalo has only three legs—as these mistakes can significantly increase the coin’s value.
Other factors include the mint location (denoted by letters like ‘S’ for San Francisco or ‘D’ for Denver), the year it was made, and the coin’s condition. Coins that are well-preserved and show little wear from circulation tend to be worth more.
What if you have one of these coins?
If you happen to own a Buffalo Nickel, don’t rush to sell it. First, consult a numismatic professional—an expert in coin collection and the history of currency—to ensure you’re not underselling a rare find. Some Buffalo Nickels can sell for anywhere between $4,000 and $90,000.
It might be a good time to go through old coin jars or check with relatives for overlooked treasures. Once verified, you can either keep it as a valuable collectible or sell it and enjoy the unexpected income.
These coins are more than just old currency—they’re pieces of American history. Often overlooked or discarded, they provide a glimpse into the past and showcase the values, art, and identity of the era they were minted in. Owning one means you hold a small but powerful piece of U.S. heritage, and that’s something truly special.
FAQs
Q1: How can I tell if my Buffalo Nickel is valuable?
Check the date, mint mark, and condition. Errors like a three-legged buffalo can significantly raise its value.
Q2: Where is the mint mark on a Buffalo Nickel?
You can find the mint mark just below the words “Five Cents” on the reverse side of the coin.
Q3: What years of Buffalo Nickels are worth the most?
Coins from 1913, 1916, and error versions from 1937 are among the most valuable.
Q4: Should I clean my Buffalo Nickel before selling it?
No—cleaning can damage the coin and reduce its value. Always consult an expert before making any changes.