Buffalo nickels, minted from 1913 to 1938, are beloved by coin collectors for their historical significance and iconic design. But what many collectors might not know is that certain Buffalo nickels have rare minting errors, turning them into valuable treasures.
Some of these error coins have sold for hundreds or even thousands of dollars at auctions. If you’re a coin enthusiast or have a few Buffalo nickels tucked away, you might want to check if any of these rare errors are present. They could be worth a small fortune!
In this article, we’ll explore five rare Buffalo nickel errors, their potential value, how to identify them, and why they’re so prized among collectors.
Top 5 Buffalo Nickel Errors Worth Big Bucks
1. 1937-D Three-Legged Buffalo Nickel
The 1937-D three-legged Buffalo nickel is one of the most well-known and valuable minting errors in U.S. coin history. This error happened when a die used to mint the coin was over-polished, removing part of the buffalo’s front leg on the reverse (back) of the coin. As a result, the buffalo appears to have only three legs, which has made this coin a prized find for collectors.
Value:
The value of a 1937-D three-legged Buffalo nickel can range from $500 for lower-grade coins to as much as $110,000 for uncirculated versions in excellent condition.
Identification Tip:
To spot this error, flip the coin to its reverse side and check for a missing front leg on the buffalo. The mint mark “D” (for Denver) and the 1937 date will confirm the authenticity of this rare coin.
2. 1918/7-D Overdate Error
The 1918/7-D overdate error is another highly sought-after Buffalo nickel error. This error occurred when a “7” was stamped over a “8” in the date on the coin, creating a noticeable overlap of the two digits. This rare error adds significant value to the coin and is one of the most coveted Buffalo nickels by collectors.
Value:
A 1918/7-D Buffalo nickel can be worth around $1,300 in circulated condition, but pristine examples have sold for up to $35,000.
Identification Tip:
To spot this error, examine the date on the coin’s obverse (front) with a magnifying glass. Look closely for an overlapping “7” behind the “8.”
3. 1916 Doubled Die Obverse
The 1916 doubled die obverse error occurred when the coin’s die was struck twice, causing a noticeable doubling in some of the design elements on the obverse (front) side of the coin. The doubling is most often visible in the date and in the letters.
Value:
Even in worn condition, a 1916 doubled die obverse Buffalo nickel can fetch around $5,000. High-grade examples, especially those in uncirculated condition, may be worth as much as $50,000.
Identification Tip:
Look carefully at the date and the letters on the front of the coin. Doubling will appear as a faint second impression, and if you’re unsure, you may want to have the coin authenticated by a professional grader.
4. 1935 Doubled Die Reverse
Similar to the 1916 error, the 1935 Buffalo nickel features a doubled die error, but this time on the reverse side of the coin. The most noticeable doubling is found in the “FIVE CENTS” inscription at the bottom of the coin.
Value:
Coins with this error can be worth anywhere from $75 to $500, depending on their condition. Rare, uncirculated versions may even sell for up to $5,000.
Identification Tip:
A magnifying glass will help you see any doubling in the “FIVE CENTS” text at the bottom of the reverse side of the coin.
5. 1914/3 Overdate Error
The 1914/3 overdate error occurred when a die from 1913 was mistakenly used to mint 1914 nickels. This caused a faint “3” to appear underneath the “4” in the date, making it another highly sought-after Buffalo nickel error.
Value:
Buffalo nickels with the 1914/3 overdate error are worth around $390 in lower grades. Higher-quality coins, particularly those with clearer overdates, can fetch significantly more.
Identification Tip:
Examine the date closely using a magnifying glass. Look for the faint outline of a “3” beneath the “4.” The more pronounced the error, the more valuable the coin.
How to Identify and Verify Buffalo Nickel Errors
If you suspect that one of your Buffalo nickels contains one of these rare errors, you’ll want to confirm its authenticity. Here’s how:
- Examine the Coin: Start by using a magnifying glass to closely inspect your Buffalo nickel. Focus on key areas like the date, mint mark, and other design elements to spot any discrepancies.
- Use Online Resources: Check websites that feature verified error coins and compare your Buffalo nickel to photos of authenticated error coins.
- Get Professional Grading: If you’re uncertain or want to ensure accuracy, send your coin to a professional coin grading service like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). These services can evaluate your coin’s condition and authenticate any errors.
- Research the Market: Once you’ve identified an error, check recent auction results and dealer listings to determine the coin’s market value. Prices can vary depending on the condition of the coin and current demand from collectors.
Buffalo Nickel Errors and Their Value Ranges
| Error Type | Mint Year | Key Features | Value Range |
|---|---|---|---|
| 1937-D Three-Legged Buffalo | 1937 | Missing front leg on buffalo | $500 – $110,000 |
| 1918/7-D Overdate Error | 1918 | “7” stamped behind “8” | $1,300 – $35,000 |
| 1916 Doubled Die Obverse | 1916 | Doubling in date and letters | $5,000 – $50,000 |
| 1935 Doubled Die Reverse | 1935 | Doubling in “FIVE CENTS” inscription | $75 – $5,000 |
| 1914/3 Overdate Error | 1914 | “3” visible under “4” in date | $390+ |
Frequently Asked Questions (FAQs)
1. What is the most valuable Buffalo nickel error?
The most valuable Buffalo nickel error is the 1937-D Three-Legged Buffalo nickel, with uncirculated versions valued at up to $110,000.
2. How can I tell if my Buffalo nickel has an error?
Use a magnifying glass to closely examine the coin for errors like missing legs, overdates, or doubling in the text and numbers. If you’re unsure, consult a professional coin grading service.
3. Are Buffalo nickel errors rare?
Yes, Buffalo nickel errors are rare and highly sought after by collectors. Their scarcity and historical significance make them valuable.
4. Where can I sell my error Buffalo nickel?
You can sell your error Buffalo nickel at coin auctions, through online marketplaces, or to dealers specializing in rare coins. It’s important to get the coin authenticated before selling.
5. Should I clean my Buffalo nickel before selling it?
No, cleaning a Buffalo nickel can decrease its value. It’s best to leave the coin in its original condition, even if it appears tarnished or dirty.
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