Imagine reaching into your pocket and pulling out a coin that could buy you a luxury car or even a small house. Sounds surreal? For some, it’s become reality. One such coin — the elusive Buffalo Nickel recently stunned collectors when one specimen fetched a jaw-dropping $601,000 at auction.
This modest-looking coin, often dismissed as pocket change, may still be hiding in drawers, jars, or between couch cushions. Let’s unravel this remarkable story and uncover how you might be holding a fortune without even knowing it.
What is a Buffalo Nickel?
Between 1913 and 1938, the U.S. Mint struck the Buffalo Nickel, also referred to as the Indian Head Nickel. Crafted by artist James Earle Fraser, its obverse proudly displays a Native American warrior’s profile, while the reverse captures the rugged silhouette of an American bison.
Fraser’s vision was more than design — it was a tribute. A reflection of a disappearing frontier, of cultural legacy, and of the untamed heart of early America.
Why Is One Buffalo Nickel Worth Over $600K?
Not every Buffalo Nickel is valuable, but one very special type stands out due to three rare characteristics that make it nearly priceless in collectors’ circles.
1. 1918/7-D Overdate Error
Among numismatists, few errors are more prized than the 1918/7-D overdate. This occurred when the die — the stamp used to strike the coin — originally made for 1917 was re-punched with the 1918 date. The result? Both years are faintly visible, layered on top of each other.
This wasn’t just a simple mistake; it became an unintended masterpiece, extremely rare and fiercely hunted.
2. Mint State 66 Condition
Grading is everything in coin collecting. The rare Buffalo Nickel that sold for $601,000 was graded MS66, or Mint State 66. This means it’s virtually untouched, with razor-sharp features and original luster fully intact.
To put it plainly: imagine finding a century-old car in showroom condition. That’s how rare this level of preservation is in coins.
3. Scarcity and Survival Rate
Yes, millions of Buffalo Nickels were made. But very few, especially the 1918/7-D, survived time’s wear and tear. The combination of rarity, error, and condition makes this coin nearly mythical.
Valuable Buffalo Nickels Year, Mint, and Worth
| Year | Mint Mark | Special Feature | Grade | Estimated Value |
|---|---|---|---|---|
| 1918 | D | 7 Over 8 Overdate Error | MS66 | $601,000 |
| 1916 | P | Doubled Die Obverse | MS64 | $281,750 |
| 1937 | D | 3-Legged Buffalo | MS66 | $99,875 |
| 1926 | S | Low Mintage | MS65 | $105,750 |
| 1913 | S | Type 2 Proof | PR68 | $143,500 |
How to Spot a Rare Buffalo Nickel
Before you toss that handful of change into a vending machine, give it a second glance. Here’s how to check if you’re holding a sleeper gem:
Look Closely at the Date and Mint Mark
- Rare years include 1918/7-D, 1916, 1937-D, and 1926-S.
- The mint mark (D for Denver, S for San Francisco, P for Philadelphia—though “P” isn’t marked) is found underneath “FIVE CENTS” on the reverse side.
Examine for Errors
- Overlapping numbers (1918 over 1917)
- Doubled letters or features (especially on 1916)
- Missing limbs on the buffalo (1937-D 3-legged version)
Grade the Condition
- Crisp, sharp features
- No scratches or wear
- A glossy, untouched shine
Seek Expert Eyes
Think you’ve found something intriguing? Don’t leave it to chance. Have your coin evaluated by professionals like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). Their authentication could be the difference between a few dollars and six figures.
Everyday Change, Extraordinary Possibilities
The legend of the $601,000 Buffalo Nickel proves one thing — treasure still lives in the mundane. While most spare change is worth face value, some coins defy expectation and redefine worth.
So the next time you’re fishing coins from your jeans or dropping them into a jar, pause. Inspect. Question. That dusty nickel might just be your golden ticket. And if nothing else, there’s a bit of magic in the possibility.
Final Thoughts
Coins like the Buffalo Nickel are more than metal — they’re time capsules. Symbols of artistry, error, and history frozen in copper-nickel alloy. And sometimes, they’re worth more than any of us imagine. Start your hunt. Who knows? The next $601,000 story might begin in your own pocket.
FAQs
What is a Buffalo Nickel?
The Buffalo Nickel is a U.S. five-cent coin minted from 1913 to 1938. It features a Native American on one side and a buffalo on the other.
Why is the 1918/7-D Buffalo Nickel so valuable?
It contains a rare overdate error where the 1918 date was stamped over a 1917 die. Combined with its rarity and mint condition, it can be worth over $600,000.
Where is the mint mark located on a Buffalo Nickel?
You can find the mint mark under the words ‘FIVE CENTS’ on the reverse side of the coin.
How can I tell if my Buffalo Nickel is valuable?
Check for key dates, mint marks, and visible errors. Also, assess the condition. Coins with no wear and high detail are generally more valuable.
Should I get my coin professionally graded?
Yes, if you suspect it’s rare or valuable. Services like PCGS or NGC can provide authentication and accurate grading.
I have on the date is 1937,I live in Madison Florida. I would like to sell it. I don’t have a website
100
I have like 9 of these.
How about a 1935 buffalo nickel
I Have a 1930 Buffalo Nickel Where do I take it is there a Phone Number