Buffalo Nickels-officially known as Indian Head Nickels-were introduced in 1913 and have become one of the most iconic pieces in American coinage. Designed by sculptor James Earle Fraser, these nickels feature a powerful design that captures the spirit of the American frontier: a Native American profile on the obverse and a majestic buffalo on the reverse. Though these coins were produced in large quantities, certain rare issues and error varieties have elevated some examples into the realm of high-value collectibles.
1913 Type 1 Buffalo Nickel
The 1913 Type 1 Buffalo Nickel is a favorite among collectors for its unique and short-lived design. This version features the buffalo standing atop a raised mound-a detail that was quickly modified in later strikes. Despite being widely circulated, this early variety has grown in popularity and value.
High-grade examples, especially those in mint state, have sold for over $100,000. Exceptional specimens have even fetched prices above $300,000, making it one of the most valuable Buffalo Nickels in existence.
1918/7-D Buffalo Nickel
One of the most famous errors in the Buffalo Nickel series is the 1918/7-D, which features an overdate where the 8 was struck over a 7. This striking mistake occurred when a 1917 die was repurposed for 1918 production, leading to a rare and visible error that collectors prize.
Because of its rarity and historical intrigue, this coin often commands prices exceeding $200,000. Top-grade examples can reach even higher figures, making it a centerpiece in many elite collections.
1921-S Buffalo Nickel
The 1921-S Buffalo Nickel, minted in San Francisco, isn’t particularly rare in terms of mintage numbers (over a million were struck), but finding one in pristine condition is exceptionally difficult. Most were heavily circulated, and few high-grade examples survive.
When such examples do surface, they can sell for $150,000 or more, with the finest known specimens occasionally exceeding that. It’s a classic case of condition rarity driving value.
1916 Buffalo Nickel
While the 1916 Buffalo Nickel had a substantial mintage, high-grade examples are anything but common. The coin’s detailed depiction of a Native American and its place in early 20th-century coinage make it a standout for collectors.
Uncirculated pieces can fetch $40,000 to $50,000 or more at auction. Though not the rarest in the series, its aesthetic and historical appeal make it highly collectible.
1920-D Buffalo Nickel
Another key date in the series is the 1920-D Buffalo Nickel. Struck in Denver with a mintage slightly over 1 million, most examples saw heavy use in commerce, leaving few survivors in excellent condition.
Mint state specimens of this coin can easily reach $100,000 at auction. Its scarcity in top grades makes it a target for serious collectors.
1913 Type 2 Buffalo Nickel
Following the Type 1 design, the 1913 Type 2 Buffalo Nickel features a flatter ground beneath the buffalo-an adjustment made to improve the coin’s durability in circulation. While not as scarce as Type 1, it remains desirable in uncirculated condition.
High-grade Type 2 coins can sell for $30,000 to $50,000, depending on their condition and eye appeal.
1914 Buffalo Nickel
The 1914 Buffalo Nickel had a high mintage, but like many coins from the early 20th century, most were well-worn through circulation. This makes uncirculated examples especially valuable.
In mint condition, a 1914 Buffalo Nickel can command $30,000 or more, with some top-grade coins selling for $50,000 or beyond. Its classic design and scarcity in high grades contribute to its strong market demand.
1917-D Buffalo Nickel
The 1917-D, struck in Denver, is another highly sought-after Buffalo Nickel. Though not the lowest mintage of the series, most examples are found in circulated condition, making uncirculated pieces a rare find.
High-grade coins can reach values of $40,000 and higher. Its status as a semi-key date makes it essential for a complete Buffalo Nickel collection.
1923-S Buffalo Nickel
With a relatively low mintage and nearly all coins entering heavy circulation, the 1923-S is one of the tougher Buffalo Nickels to find in mint state. Collectors prize it for its scarcity in high grades.
Uncirculated examples routinely sell for $50,000 or more, and the best-preserved coins have crossed into the six-figure range at major auctions.
1915-S Buffalo Nickel
The 1915-S Buffalo Nickel, minted in San Francisco, rounds out our list. It had a modest mintage, and like many early Buffalo Nickels, most examples are found well-worn. High-grade coins are increasingly rare.
Well-preserved specimens can sell for over $25,000, and pristine coins have surpassed $40,000. Its historical charm and limited availability make it a key date for collectors.
Table: 10 Most Valuable Buffalo Nickels
| Coin | Year | Mint | Value | Notable Feature |
|---|---|---|---|---|
| 1913 Type 1 Buffalo Nickel | 1913 | Philadelphia | $100,000–$300,000 | Raised mound under buffalo’s hooves |
| 1918/7-D Buffalo Nickel | 1918 | Denver | $200,000+ | Rare overdate error (7 over 8) |
| 1921-S Buffalo Nickel | 1921 | San Francisco | $150,000+ | Rare in uncirculated condition |
| 1916 Buffalo Nickel | 1916 | Philadelphia | $40,000–$50,000 | Striking Native American profile |
| 1920-D Buffalo Nickel | 1920 | Denver | $100,000+ | Scarce in mint state |
| 1913 Type 2 Buffalo Nickel | 1913 | Philadelphia | $30,000–$50,000 | Flattened ground under buffalo |
| 1914 Buffalo Nickel | 1914 | Philadelphia | $30,000–$50,000 | Rare in high grade |
| 1917-D Buffalo Nickel | 1917 | Denver | $40,000+ | Strong demand and low surviving population |
| 1923-S Buffalo Nickel | 1923 | San Francisco | $50,000+ | Exceptionally rare in high condition |
| 1915-S Buffalo Nickel | 1915 | San Francisco | $25,000–$40,000 | Low mintage and key date status |
Conclusion
Buffalo Nickels are more than just coins-they’re miniature pieces of American history. While many examples remain affordable to new collectors, the rarest and best-preserved pieces have skyrocketed in value. Whether you’re a seasoned numismatist or just beginning your collecting journey, finding one of these extraordinary nickels could be both thrilling and financially rewarding. Who knows-you might have a small treasure hiding in your collection or pocket change!
FAQs
What is the most expensive Buffalo Nickel?
The 1913 Type 1 Buffalo Nickel in mint condition can exceed $300,000, making it one of the most expensive in the series.
Why do some Buffalo Nickels have such high value?
Coins with low mintages, rare errors, and uncirculated conditions are highly sought after. These factors combine to drive up their value.
How can I know if my Buffalo Nickel is valuable?
Check the date, mintmark, and overall condition. Coins in mint state or with rare varieties can be worth thousands.
Where can I sell a valuable Buffalo Nickel?
You can sell through certified coin dealers, auction houses, or at major numismatic shows and conventions.
How much is a 1923-S Buffalo Nickel worth?
In excellent condition, a 1923-S can fetch over $50,000. The finest known examples can bring significantly more.
