What Is the Value of a Buffalo Nickel?

A Buffalo nickel can be worth as little as 15 cents in heavily worn condition or as much as $350,000 for rare, high-grade examples with significant errors or key dates. 

Most circulated coins with visible dates fall in the $0.35 to $1 range, while uncirculated or certified coins often command $15 to $50 or more, depending on rarity and demand.

More than just a simple five-cent coin, the Buffalo nickel embodies rich history, artistry, and unique quirks that affect its worth. 

Understanding the factors that influence its value, from its iconic American bison design to rare minting errors, can deepen appreciation for this numismatic classic and help you find hidden treasures in your collection. 

If you are lucky enough to own a rare Buffalo nickel, Coinfully can appraise your coin for FREE and walk you through the streamlined process for selling coins online.

What Is a Buffalo Nickel? Coin Overview

The Buffalo nickel—also called the Indian Head nickel—was produced by the United States Mint from 1913 to 1938. This iconic five-cent coin was part of an effort to create more artistic and symbolic American coinage. 

Designed by sculptor James Earle Fraser, the obverse side features a Native American profile, while the reverse depicts an American bison, often believed to be Black Diamond, a bison once held at the Bronx Zoo in New York City. 

The coin weighs 5.00 grams, has a diameter of 21.2 mm, and is composed of 75% copper and 25% nickel. It has a smooth edge and a denomination of five cents, and it remains iconic among collectors.

History of the Buffalo (Indian Head) Nickel

Introduced in 1913, the Buffalo nickel was part of President Theodore Roosevelt’s campaign to beautify American coinage. Designed by James Earle Fraser, a student of Augustus Saint-Gaudens, the nickel was intended to capture the rugged, frontier spirit of the early 1900s. 

Fraser designed the obverse using features from three Native American chiefs, and the reverse was modeled after a real American buffalo. Production ran from 1913 to 1938, and the series is beloved for its historical significance and frontier symbolism. Many Buffalo nickels still circulate today and are cherished for both their artistry and historical value.

Obverse and Reverse Design Features

The obverse features a detailed portrait of a Native American, based on a composite of three American Indian leaders. The profile includes a feather in the hair. The design also includes the word “LIBERTY” on the upper right and the date at the lower left. 

The reverse shows a buffalo standing on a mound or line, depending on the type. Letters beneath the bison indicate the mint. “UNITED STATES OF AMERICA” is found along the top edge, and “E PLURIBUS UNUM” is located above the buffalo, which is technically an American bison.

Notably, the coin has a smooth edge—unlike many reeded-edge coins—and both sides are prone to wear, especially around the date. The detailed artwork and realistic animal depiction make this one of the most iconic and easily recognized American coins.

Buffalo Nickel: Key Dates and Varieties

While all Buffalo nickels hold historical interest, certain dates and varieties stand out due to low mintage, design changes, or unique characteristics. Collectors prize these key dates for their rarity, distinctive strike details, and the role they play in completing a set. 

One of the most notable distinctions is between Type 1 nickels, which feature the buffalo standing on a raised mound, and Type 2, which shows the animal on a flat line—introduced mid-1913 to address excessive wear on the coin’s reverse. Key dates include:

• 1913 Type 1 & Type 2
• 1913-S Type 2
• 1916 Double Die Obverse
• 1918-S
• 1921-S
• 1924-S
• 1926-S
• 1931 S

Notable Errors

Some of the most valuable Buffalo nickels aren’t rare because of their date alone but because of unusual minting errors that occurred during production. These flaws, often visible under magnification, are sought after by coin collectors for their rarity, mystery, and uniqueness. 

Error coins like the famous 1937-D Three Legs nickel or the elusive 1918/17-D Overdate can command thousands of dollars, especially in uncirculated condition. 

• 1916 Double Die: This error occurred when the die was accidentally engraved twice, creating a doubled image—most visible on the date and the word LIBERTY on the obverse side. A genuine 1916 doubled die is extremely rare and valuable, especially in higher grades.
• 1918/17-D Overdate: One of the most dramatic overdates in U.S. coin history, this Denver-minted coin shows a faint “7” under the “8” in the date. Caused by reusing a 1917 die in 1918, it’s highly collectible and rare, often selling for thousands of dollars.
• 1936-D Three and a Half Legs: A partially polished die at the Denver mint resulted in the buffalo’s front leg being mostly removed. It appears as if the bison has just “three and a half” legs. This mid-1930s error is a favorite among enthusiasts and commands premium value.
• 1937-D Three Legs: One of the most famous buffalo nickel errors, this Denver issue is the result of over-polishing a die, erasing one of the buffalo’s front legs entirely. Despite the flaw, details remain sharp elsewhere. 
• Off-Center Strikes: An off-center strike happens when the coin blank isn’t properly aligned in the press, causing the design to appear shifted or incomplete. The degree of misalignment can affect the value, with dramatic off-center strikes being most desirable to collectors.

Most Valuable Buffalo Nickels

While many Buffalo nickels are common and easily found in lower grades, some are exceptionally valuable and worth hundreds or even thousands of dollars. These coins are rare due to limited mintages, unique errors, or excellent preservation. 

Condition, especially uncirculated or well-preserved examples, can dramatically impact value. Coins like the 1913-S Type 2, 1918/17-D Overdate, and the 1937-D Three Legs are among collectors’ most coveted issues. 

Even a seemingly ordinary coin could be a hidden gem if it’s a key date, has a rare mintmark, or exhibits a known flaw. Always consult a reputable coin dealer or seek a professional appraisal before you collect or sell.

• 1921-S: $1,765–$2,340
• 1918-S: $640–$3,000
• 1924-S: $2,500–$4,000
• 1937-D 3 Legs: $2,700–$5,700
• 1935-P Doubled Die Reverse: $5,700–$6,900
• 1914-P 4 over 3: $3,000–$7,000
• 1926-S: $5,000–$10,000
• 1936-D 3 and a half legs: $16,000–$21,000
• 1916-P Doubled Die Obverse: $66,000–$281,000.
• 1918-D 8 over 7: $37,000–$350,000

Buffalo Nickel Value and Worth

Whether found in a coin jar or inherited from a family collection, a Buffalo nickel can be worth anywhere from a few cents to hundreds of thousands of dollars. Its value depends heavily on wear, visibility of the date, and condition. 

While millions of Buffalo nickels were produced, only a fraction have survived in top grades. Understanding how condition correlates with price is key to navigating the numismatic market. 

• Well-worn without dates: $0.15–$0.25
• Good to Fine condition coins with full dates from the mid-30s: $0.35–$0.50
• Coins from the teens and 20s with full dates: $0.75–$1
• Very Fine Condition coins from later dates: approximately $1.00
• Uncertified coins in Uncirculated condition: $15–$25
• Certified coins in Uncirculated condition: $45–$50
• Rare Buffalo nickels: up to $350,000

Factors That Affect Buffalo Nickel Value

Not all Buffalo nickels are equal in value. While some are common remnants of early 20th-century circulation, others are rare treasures worth hundreds—or even thousands—of dollars. 

To understand what makes one coin more valuable than another, collectors look at three primary factors: date and mintmark, overall condition, and the presence of errors or unique traits.

1. Date and Mintmark

The date and mintmark offer critical clues about a coin’s origin and potential value. Early issues, like those from 1913, and nickels struck at the Denver (D) or San Francisco (S) mints, are often scarcer than Philadelphia issues. 

Key dates, such as the 1918/17-D overdate, can command significantly higher prices.

2. Coin Condition (Grade)

A coin’s grade—ranging from Poor to Uncirculated—can dramatically impact its worth. Heavily worn nickels with missing dates may be worth only a few cents, while a well-preserved example with sharp details and original luster can sell for hundreds. 

Certified grades from reputable services help ensure accuracy and maximize a coin’s market potential.

3. Rarity and Errors

Rarity, whether due to low mintage or known minting errors, makes a Buffalo nickel more desirable to collectors. Famous examples include the 1937-D Three Legs error and off-center strikes. 

Collector Tips

Whether you’re just starting your collection or evaluating coins passed down through generations, smart collecting begins with knowledge. 

From verifying authenticity to knowing when to seek expert help, following best practices can help you avoid costly mistakes and get the most out of your Buffalo nickels. 

1. Learn To Identify Key Dates and Mintmarks: Familiarize yourself with rare issues like the 1913-S Type 2 and 1937-D Three Legs. Knowing which Buffalo nickels were produced in lower numbers will help you spot high-value coins quickly.
2. Always Check for a Full Date: Many Buffalo nickels have worn dates, which can significantly lower value. Coins with clearly readable dates—especially from the teens and twenties—are more desirable to collectors.
3. Handle With Care: Always hold coins by the edge to avoid fingerprints and oils from your skin. Use cotton gloves and soft surfaces to prevent damage, especially for uncirculated or high-grade examples.
4. Avoid Cleaning Your Coins: Cleaning can scratch or dull the surface and reduce a coin’s marketability. Even a light cleaning can strip away original surfaces prized by numismatic experts. Do not clean your coins.
5. Use a Magnifying Glass or Loupe: A magnifier helps you inspect for errors, small date variations, and surface condition—especially useful when evaluating worn or suspicious coins.
6. Store Coins Properly: Keep your collection in acid-free holders or coin flips and store them in a cool, dry environment. Proper storage preserves condition and helps maintain long-term value.
7. Know When To Get a Professional Appraisal: If you believe you own a rare coin, such as one with a striking error or high grade, seek a certified appraisal. Services like Coinfully offer expert evaluations with no obligation.
8. Stay Informed Through Reputable Sources: Use numismatic references, price charts, and online communities to stay updated on market trends, grading standards, and newly discovered varieties.

Where To Sell Buffalo Nickels

You can sell Buffalo nickels and other rare nickels through reputable coin dealers, online marketplaces, or auction houses specializing in numismatic items. Always compare offers and check buyer credentials. 

If you’re unsure about your coin’s value, getting a trusted appraisal first—like the free appraisal service from Coinfully—can help ensure a fair price.

Get a Free Appraisal With Coinfully

Coinfully offers free, zero‑pressure online or at‑home appraisals. Our expert numismatists provide accurate, transparent evaluations using up-to-date market data—no pressure, no fees. We use the latest technology and market trends to deliver accurate, fair valuations. 

Enjoy transparent offers, fully insured shipments, and same‑day payouts—ideal for collectors seeking clarity and convenience.

Value of Buffalo Nickel: Closing Thoughts

Whether you hold a worn, everyday piece or a rare uncirculated gem, knowing the key dates, mintmarks, and errors empowers you as a collector or seller. 

By combining this knowledge with expert appraisals, you can confidently navigate the evolving market and truly appreciate what your Buffalo nickel is worth.

Contact Coinfully today or give us a call at 704-621-4893 to discover the true value of your coins. 

Frequently Asked Questions

How much is a Buffalo nickel worth today?

The value of a Buffalo nickel today typically ranges from $1 to over $1,000 depending on its date, mintmark, condition, and rarity. Common dates in circulated condition may fetch only a few dollars, while rare key dates or minting errors can be worth thousands.

How do I know if my Buffalo nickel is worth anything?

To determine if your Buffalo nickel is valuable, examine the date and mintmark, check for any visible errors, and assess its grade. Well-preserved, uncirculated coins or those with rare features may be worth significantly more. Getting an appraisal from a reputable coin dealer can help.

What years of Buffalo nickels are worth money?

Some of the most valuable Buffalo nickels include those from 1913, 1916, 1918/17-D, 1936-D, and 1937-D. Key dates, low mintages, and notable errors greatly increase value. For example, the 1916 double die and 1937-D three-legged nickel are highly sought after.

Why is the 2005 Buffalo nickel worth so much?

While most 2005 Buffalo nickels are modern commemoratives with standard value, rare flaws—like doubled dies or off-center strikes—make certain pieces valuable. Collectors pay premiums for these minting errors, especially in pristine, uncirculated condition.