Imagine finding a nickel in your pocket worth nearly $100,000! The 1913-D Buffalo Nickel has done just that, captivating collectors with its rarity and rich history. This iconic coin, a gem in American numismatics, tells a story of art, heritage, and value. Read on to discover why this five-cent piece is a treasure worth chasing and how you can dive into the world of coin collecting.
What Is the 1913-D Buffalo Nickel?
The 1913-D Buffalo Nickel, also known as the Indian Head Nickel, is a five-cent coin minted in Denver in 1913. Designed by James Earle Fraser, it features a Native American profile on the obverse and an American bison on the reverse. This coin’s striking design and historical charm make it a favorite among numismatists. Its Type 1 and Type 2 varieties add intrigue, with the 1913-D Type 2 fetching up to $99,875 at auction due to its rarity and condition.
The History Behind the Buffalo Nickel
Introduced in 1913, the Buffalo Nickel replaced the Liberty Head Nickel as part of a U.S. Mint effort to beautify American coinage. Sculptor James Earle Fraser crafted a design celebrating America’s heritage. The obverse portrays a composite of three Native American chiefs—Chief Iron Tail, Chief Big Tree, and Chief Two Moons—while the reverse showcases a bison, inspired by Black Diamond from New York’s Central Park Zoo.
In 1913, two varieties emerged: Type 1, with “FIVE CENTS” on a raised mound, and Type 2, with the denomination recessed for durability. The Denver Mint’s Type 2 coins, like the 1913-D, are especially prized for their lower mintage and historical significance. Minted from 1913 to 1938, these coins capture the spirit of the American West.
Why the 1913-D Buffalo Nickel Is So Valuable
Rarity and Mintage
The 1913-D Type 2 Buffalo Nickel is rare due to its limited mintage of 4,156,000, far fewer than Philadelphia’s output. Many were heavily circulated, leaving few in pristine condition. High-grade examples, like those graded MS67 by PCGS, are exceptionally scarce, driving values up to $99,875 at auction.
Condition Matters
Condition is critical in numismatics. The Sheldon Scale, from 1 (heavily worn) to 70 (perfect mint state), determines a coin’s grade. A 1913-D Type 2 in MS67 condition, with sharp details and no wear, commands top prices. Worn coins may fetch just $20, but uncirculated gems are rare treasures.
Historical Significance
The 1913-D Buffalo Nickel marks the first year of a legendary series. Its design, celebrating Native American culture and the American frontier, resonates with collectors. As a first-year issue from the Denver Mint, it holds a special place in numismatic history, boosting its appeal and value.
| Factor | Impact on Value |
|---|---|
| Mintage | 4,156,000 (Type 2), lower than Philadelphia, increasing rarity. |
| Condition | High-grade (MS65+) coins are scarce, fetching up to $99,875. |
| Historical Significance | First-year issue with iconic design, highly sought by collectors. |
| Mint Mark | Denver “D” mark adds value due to lower production. |
How to Engage With Buffalo Nickel Collecting
Coin collecting is a thrilling hobby that blends history, art, and investment. Here’s how to start with Buffalo Nickels:
- Check Your Change: Look for Buffalo Nickels in old coin jars or pocket change. Focus on key dates like 1913-D, 1913-S, or 1918/7-D.
- Visit Coin Shops: Local dealers often have Buffalo Nickels. Compare prices and check for certified coins.
- Attend Coin Shows: Events like Whitman Expos offer rare finds and networking with numismatists.
- Join Online Communities: Platforms like PCGS CoinFacts or NGC’s Coin Explorer provide resources and forums.
- Get Coins Graded: Use PCGS or NGC for professional grading to ensure authenticity and value.
Start small, focusing on affordable circulated coins, and gradually seek rarer pieces like the 1913-D Type 2. Proper storage in acid-free holders preserves value.
Notable Facts and Records
- Record Sale: A 1913-D Type 2 Buffalo Nickel graded MS67 sold for $99,875 in 2025, a testament to its rarity.
- Mintage: Only 4,156,000 Type 2 coins were minted in Denver in 1913, compared to over 17 million Type 1 coins.
- Design Change: The shift from Type 1 to Type 2 in 1913 addressed wear issues, making Type 2 coins more durable.
- Error Coins: The 1918/7-D overdate, another Buffalo Nickel, sold for $350,750 in 2006 due to a rare minting error.
- Cultural Impact: The Buffalo Nickel inspired the 2006 American Gold Buffalo coin, the first .9999 fine gold coin by the U.S. Mint.
| Key Date | Mintage | Value (Good) | Value (MS65+) |
|---|---|---|---|
| 1913-D Type 2 | 4,156,000 | $20–$50 | Up to $99,875 |
| 1913-S Type 2 | 1,209,000 | $50–$100 | Up to $27,500 |
| 1918/7-D | Unknown (error) | $500–$1,000 | Up to $350,750 |
| 1937-D 3-Legged | ~100–150 | $500–$1,000 | Up to $99,875 |
Expert Tips for Collectors
- Avoid Cleaning: Cleaning coins reduces value. Leave them untouched to preserve natural patina.
- Focus on Quality: Invest in high-grade coins (MS65+) for better appreciation over time.
- Use Magnification: A magnifying glass helps spot details like the mint mark or Full Horn designation.
- Buy Certified: Purchase coins graded by PCGS or NGC to avoid counterfeits.
- Store Properly: Use acid-free holders or albums to protect coins from environmental damage.
- Research Key Dates: Prioritize rare dates like 1913-D, 1913-S, and 1937-D 3-Legged for high returns.
Frequently Asked Questions
What makes the 1913-D Buffalo Nickel so valuable?
Its low mintage, first-year status, and high-grade condition drive its value, with top specimens fetching $99,875.
How can I tell if I have a 1913-D Type 2?
Look for the “D” mint mark under “FIVE CENTS” and a recessed denomination below the bison, not on a mound.
Where can I sell my Buffalo Nickel?
Reputable auction houses like Heritage Auctions, Stack’s Bowers, or dealers via PCGS and NGC are great options.
Are all 1913 Buffalo Nickels valuable?
No, Type 1 and Philadelphia mint coins are common. Denver and San Francisco Type 2 coins in high grades are rare.
How do I start collecting Buffalo Nickels?
Begin with circulated coins, research key dates, and connect with dealers or online numismatic communities.
Conclusion
The 1913-D Buffalo Nickel, valued at up to $99,875, is more than a coin—it’s a piece of American history. Its rarity, stunning design, and cultural significance make it a must-have for collectors. Start exploring numismatics today: check your change, visit coin shows, or connect with experts. Share this post with fellow hobbyists, and dive into the thrilling world of Buffalo Nickel collecting! For more, explore resources at PCGS or NGC.