5 Errors Spot on Buffalo Nickel Worth Thousands

By Angel Keith

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5 Errors Spot on Buffalo Nickel Worth Thousands

Buffalo nickels, minted between 1913 and 1938, are prized among collectors for their iconic design and rich history. While many of these coins are ordinary, some exhibit unique minting errors that significantly increase their value. These rare variations have become highly sought after, with some fetching hundreds or even thousands of dollars at auction. Below are five notable Buffalo nickel errors that coin collectors should be aware of, as they could be holding a treasure in their hands without even knowing it.

5 Errors on Buffalo Nickels Worth Thousands

1. 1937-D Three-Legged Buffalo Nickel

One of the most famous Buffalo nickel errors, the 1937-D three-legged variation, occurred at the Denver Mint. During the die polishing process, part of the buffalo’s front leg was inadvertently removed, leaving the buffalo with only three visible legs. This mistake has made the coin highly desirable among collectors.

  • Value: Ranges from $500 to $1,950 depending on the coin’s condition. Uncirculated versions can fetch up to $110,000.
  • Identification Tip: Look at the reverse (back) of the coin for the missing front leg of the buffalo. The date and mint mark “D” (Denver) will confirm the coin’s authenticity.

2. 1918/7-D Overdate Error

The 1918/7-D overdate error is one of the rarest and most valuable Buffalo nickel errors. This mistake occurred when a “7” was incorrectly stamped behind the “8” in the date at the Denver Mint, creating a distinctive overlap of the two digits.

  • Value: While circulated examples are worth around $1,300, coins in pristine condition can sell for up to $35,000.
  • Identification Tip: Use a magnifying glass to spot the overlapping “7” behind the “8” on the obverse (front) of the coin.

3. 1916 Doubled Die Obverse

A doubled die obverse error occurs when the coin’s die is struck twice during minting, resulting in a noticeable doubling of design elements. The 1916 Buffalo nickel displays this error on its obverse side, particularly in the date and the letters.

  • Value: Even well-worn examples of this coin can be worth $5,000, while high-grade versions may fetch up to $50,000.
  • Identification Tip: Look closely at the date and letters on the obverse for any signs of doubling. If unsure, a professional coin grader can help verify the error.

4. 1935 Doubled Die Reverse

Similar to the 1916 doubled die error, the 1935 Buffalo nickel features a doubling mistake, but on the reverse (back) of the coin. The most noticeable doubling occurs in the “FIVE CENTS” inscription at the bottom of the coin.

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  • Value: Prices for this error range from $75 to $500, depending on the coin’s condition. Some rare examples can fetch up to $5,000.
  • Identification Tip: A magnifying glass will help reveal any doubling or distortion in the “FIVE CENTS” text on the reverse of the coin.

5. 1914/3 Overdate Error

The 1914/3 overdate error occurred when a die from 1913 was used during the minting of 1914 nickels. This resulted in a faint “3” appearing underneath the “4” in the coin’s date, making it another highly sought-after error.

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  • Value: Coins in good condition can be worth around $390, while those in higher grades may bring in significantly more.
  • Identification Tip: Examine the date closely with a magnifying glass to spot the outline of the “3” beneath the “4.” The clearer the overdate, the more valuable the coin.

How to Identify and Verify Buffalo Nickel Errors

If you suspect that your Buffalo nickel contains one of these rare errors, follow these steps to confirm its authenticity and potential value:

  1. Examine the Coin: Use a magnifying glass to carefully inspect the coin for any discrepancies, focusing on the date, mint mark, and prominent features such as legs or letters.
  2. Consult a Grading Service: Professional coin grading services, like the Professional Coin Grading Service (PCGS), can assess the condition of your coin and authenticate any errors.
  3. Compare with Verified Photographs: Check online resources that display verified error coins and compare your coin to see if it shares similar characteristics.
  4. Verify Market Prices: Check recent auction results or dealer listings to get an idea of current market prices for Buffalo nickel errors.
Error TypeYearMint MarkCondition (Good)Value (High-Grade)Unique Feature
3-Legged Buffalo Nickel1937D$500-$1,950$110,000Missing front leg of the buffalo
1918/7-D Overdate1918D$1,300$35,000“7” visible under the “8”
1916 Doubled Die Obverse1916$5,000$50,000Doubling of the date and letters
1935 Doubled Die Reverse1935$75-$500$5,000Doubling on the reverse “FIVE CENTS”
1914/3 Overdate1914$390Varies“3” visible under the “4”

These error coins showcase the unique and fascinating history of Buffalo nickels, offering collectors the chance to own a piece of numismatic treasure. Whether you’re an experienced collector or just getting started, identifying and verifying these errors could turn an ordinary collection into a valuable one.

FAQs:

What makes a Buffalo nickel valuable?

Buffalo nickels become valuable due to their rarity, condition, and unique errors such as overdates or doubled dies.

How can I identify a Buffalo nickel error?

Use a magnifying glass to closely examine the date, letters, and design for any irregularities. Consulting a professional coin grading service is also recommended.

What is the rarest Buffalo nickel error?

The 1918/7-D overdate error is one of the rarest and most valuable Buffalo nickel mistakes.

Angel Keith

Angel's extensive 7+ years in corporate taxation make her an invaluable resource for businesses seeking to optimize their tax strategies. Her articles provide clear, actionable insights that help organizations remain compliant and minimize their tax burden.

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