In a surprising twist, a Buffalo Nickel that was once used to pay for a slice of pizza has now become a rare treasure worth $601,000. This coin, which was minted over 100 years ago, has become a shining example of how hidden value can be found in everyday items like pocket change.
The Buffalo Nickel was introduced in 1913, designed by James Earle Fraser, an American sculptor. The coin features a composite portrait of Native American chiefs on one side, and on the other side, there’s an image of an American bison. The bison represents the nation’s frontier history. Minted until 1938, the Buffalo Nickel is a beloved part of American coinage history.
Coin Go From Pizza Payment to a Treasure
This particular Buffalo Nickel was used to buy pizza, an event that seemed ordinary at the time. However, the coin in question was a rare 1913-S Type 2 Buffalo Nickel, one of the most sought-after versions of the coin. It had been kept in excellent condition, and its rarity made it valuable. When experts realized what it was, the coin’s value soared to a remarkable $601,000.
Coin So Valuable
There are several factors that make this Buffalo Nickel worth so much money:
- Rarity: The 1913-S Type 2 has a very low mintage, meaning very few of these coins were made. Because of this, it’s incredibly rare to find one in good condition.
- Condition: This coin was kept in almost perfect condition, which makes it even more desirable to collectors.
- Historical Value: As one of the first Buffalo Nickels ever made, it has a lot of historical significance, adding to its worth.
- Collector Demand: Many collectors are willing to pay top dollar for rare and valuable coins, driving the price even higher.
Valuable Buffalo Nickels
There are other Buffalo Nickels that have been sold for high amounts.
| Year | Mint Mark | Type | Notable Feature | Estimated Value |
|---|---|---|---|---|
| 1913 | S | Type 2 | Low mintage | $601,000 |
| 1916 | – | – | Doubled die obverse | $550,000+ |
| 1918 | D | – | 8 over 7 overdate | $550,000+ |
| 1926 | S | – | Lowest mintage | $500,000+ |
| 1937 | D | – | Three-legged bison | $575,000+ |
Interest in Coin Collecting
The story of the Buffalo Nickel has sparked a renewed interest in coin collecting. Many collectors are now more carefully examining their coins, hoping to find rare treasures like this one. Auction houses have seen a rise in demand for early 20th-century coins, especially those with errors or unique features.
How to Identify Valuable Buffalo Nickels
If you’re interested in checking the value of your Buffalo Nickels, here are a few things to look for:
- Date and Mint Mark: Coins from rare years, like the 1913-S Type 2, are much more valuable.
- Condition: Coins that are in near-mint condition tend to fetch higher prices.
- Minting Errors: Look out for features like doubled dies or overdates. These can significantly increase a coin’s value.
- Authentication: It’s a good idea to get your coins authenticated by a professional grading service to confirm their condition and authenticity.
Conclusion
The journey of this Buffalo Nickel from a pizza purchase to a $601,000 museum piece is a fascinating reminder of the hidden value that can be found in the things we use every day. For collectors or anyone holding onto old coins, it’s a reminder to pay attention to the details, as you never know what treasure might be waiting in your pocket.
FAQs
What makes a Buffalo Nickel valuable?
Its rarity, condition, and historical value.
How can I check if my Buffalo Nickel is valuable?
Look at its date, mint mark, and condition.
What’s the rarest Buffalo Nickel?
The 1913-S Type 2 Buffalo Nickel.
How much is a 1913-S Type 2 Buffalo Nickel worth?
It’s worth about $601,000.
Where can I sell a valuable Buffalo Nickel?
You can sell it at auction houses or to private collectors.
