Buffalo nickels, minted between 1913 and 1938, are treasured by coin collectors for their distinctive design and historical value. While most of these coins seem ordinary, some feature rare minting errors that make them worth thousands of dollars. Collectors who come across these error coins may be sitting on a small fortune without even realizing it. This guide will help you spot five of the most valuable Buffalo nickel errors and understand what makes them so special.
5 Errors on Buffalo Nickels Worth Thousands
1937-D Three-Legged Buffalo Nickel
One of the most well-known Buffalo nickel errors is the 1937-D three-legged variation. This error occurred during the coin’s production at the Denver Mint when part of the buffalo’s front leg was polished away by accident. As a result, the buffalo appears to have only three legs.
- Value: Coins in circulated condition can range from $500 to $1,950. However, an uncirculated version can sell for up to a whopping $110,000.
- Identification Tip: To identify this error, check the back of the coin for the missing front leg of the buffalo. Also, look for the “D” mint mark, which confirms that the coin was minted in Denver.
1918/7-D Overdate Error
The 1918/7-D overdate error is one of the rarest and most valuable Buffalo nickel errors. This mistake happened when the number “7” was stamped behind the number “8” during minting at the Denver Mint, creating a distinct overlap of the two digits.
- Value: Circulated examples of this coin can be worth around $1,300. Pristine, uncirculated coins may fetch up to $35,000.
- Identification Tip: Use a magnifying glass to look for the “7” underneath the “8” on the front of the coin (obverse side). This overlapping digit is the key to identifying this error.
1916 Doubled Die Obverse
A doubled die obverse error happens when the coin is struck twice during minting, causing some design elements to appear doubled. On the 1916 Buffalo nickel, this error is visible on the front side of the coin, particularly in the date and letters.
- Value: Even worn examples of this error can be worth $5,000, while coins in top condition can reach values as high as $50,000.
- Identification Tip: Carefully inspect the date and letters on the front of the coin. If you see any signs of doubling, you may have a valuable coin. For extra confirmation, you can have the coin graded by a professional service.
1935 Doubled Die Reverse
This error is similar to the 1916 doubled die obverse, but in this case, the doubling happens on the back (reverse) of the coin. The most noticeable part is the doubling of the words “FIVE CENTS” at the bottom of the coin.
- Value: Depending on the coin’s condition, this error can range from $75 to $500. Some rare examples have sold for as much as $5,000.
- Identification Tip: Look closely at the “FIVE CENTS” text on the back of the coin. Use a magnifying glass to see any doubling or distortions in the letters.
1914/3 Overdate Error
The 1914/3 overdate error occurred when a die from 1913 was mistakenly used during the minting of 1914 nickels. As a result, a faint “3” appears under the “4” in the date.
- Value: Coins in good condition can be worth around $390, but those in better condition may bring in much higher prices.
- Identification Tip: Use a magnifying glass to examine the date on the coin. Look for a faint outline of the number “3” underneath the “4.” The clearer the overdate, the more valuable the coin may be.
How to Identify and Verify Buffalo Nickel Errors
If you think you may have one of these valuable Buffalo nickel errors, follow these steps to confirm its authenticity and value:
- Examine the Coin: Use a magnifying glass to carefully inspect the coin for any irregularities. Pay attention to the date, mint mark, and major design elements, such as legs or lettering.
- Consult a Grading Service: Professional coin grading services, such as the Professional Coin Grading Service (PCGS), can evaluate the condition of your coin and verify the error.
- Compare with Verified Examples: Look up verified examples of error coins online and compare your coin’s features to confirm if it shares similar characteristics.
- Check Market Prices: Research auction results and dealer listings to see what similar Buffalo nickel errors are currently selling for.
Table of Buffalo Nickel Errors and Their Values
| Error Type | Year | Mint Mark | Condition (Good) | Value (High-Grade) | Unique Feature |
|---|---|---|---|---|---|
| 3-Legged Buffalo Nickel | 1937 | D | $500-$1,950 | $110,000 | Missing front leg of the buffalo |
| 1918/7-D Overdate | 1918 | D | $1,300 | $35,000 | “7” visible under the “8” |
| 1916 Doubled Die Obverse | 1916 | – | $5,000 | $50,000 | Doubling of the date and letters |
| 1935 Doubled Die Reverse | 1935 | – | $75-$500 | $5,000 | Doubling on the reverse “FIVE CENTS” |
| 1914/3 Overdate | 1914 | – | $390 | Varies | “3” visible under the “4” |
Conclusion
Buffalo nickel errors hold a special place in the world of coin collecting. These unique coins, with their fascinating minting mistakes, offer collectors the chance to own rare and valuable pieces of history. Whether you’re an experienced numismatist or a beginner, identifying and verifying these errors could turn an ordinary coin collection into a treasure trove. So, grab your magnifying glass and take a closer look at your Buffalo nickels—you might just have a hidden gem in your hands!
FAQs
What is a Buffalo nickel?
A Buffalo nickel is a five-cent coin minted in the United States from 1913 to 1938.
How can I tell if my Buffalo nickel has an error?
To identify an error, carefully examine the coin using a magnifying glass.
Why are error Buffalo nickels valuable?
Error Buffalo nickels are valuable because they are rare and often unique.
What should I do if I find a Buffalo nickel with an error?
If you believe you have found a valuable Buffalo nickel with an error, you should keep it in a safe place.