The Buffalo nickel, officially known as the Indian Head nickel, is a five-cent piece struck by the United States Mint from 1913 to 1938. It was designed by James Earle Fraser, who took inspiration from Native American culture and imagery for its obverse. The coin features a Native American profile on the obverse and a bison (commonly referred to as a buffalo) on the reverse.
Value of Buffalo Nickel
The value of a Buffalo nickel varies depending on its condition, rarity, and year of minting. Common dates and well-circulated coins can be found for a few dollars or less. However, rare dates, such as the 1913 Type 1 Buffalo nickel, can command prices in the thousands or even tens of thousands of dollars. Here's a general guide to the value range of Buffalo nickels:
- Common dates (1913-1938) in circulated condition: $2-$5
- Uncirculated common dates: $10-$20
- Rare dates: Can range from hundreds to tens of thousands of dollars
Factors Affecting Value
In addition to the date and condition of the coin, several other factors can influence the value of a Buffalo nickel, including:
- Mint marks: Buffalo nickels were minted at various mint facilities throughout the United States, including Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark). Certain mint marks can be rarer and more valuable than others.
- Errors and varieties: Buffalo nickels with errors or varieties can be highly sought after by collectors and command premiums over regular coins.
- Commemorative issues: In 2005 and 2006, the United States Mint issued commemorative Buffalo nickels to mark the centennial of the original design. These commemorative issues can be more valuable than regular Buffalo nickels.
Determining Value
If you have a Buffalo nickel and want to determine its value, it's recommended to consult with a reputable coin dealer or numismatic expert. They can assess the coin's condition, rarity, and other factors to provide an accurate valuation.