When you think of valuable coins, most people picture gold or silver ones from centuries ago. But sometimes, even a small, regular-looking nickel can be worth a fortune. One great example is the 1913-D Buffalo Nickel. This coin, once used for everyday shopping, has now become a treasure for collectors — with one recently selling for $99,875!
Let’s break down why this coin is so special, what makes it valuable, and what collectors are looking for.
A Quick Look at the Buffalo Nickel
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The Buffalo Nickel, also known as the Indian Head Nickel, was first minted in 1913 and continued until 1938. It replaced the Liberty Head nickel and was designed by sculptor James Earle Fraser.
On one side of the coin, there’s a Native American profile — not of a single person, but a mix of features from real chiefs. On the other side, there’s a large American bison (often mistaken as a buffalo), which represents strength and the American West.
The coin was striking and different from anything seen before. But it also had issues — the design wore down quickly, making it hard to read after just a few years of use.
Why the 1913-D Buffalo Nickel Is So Valuable
Not every 1913 Buffalo Nickel is worth thousands. The one with the “D” mint mark — meaning it was made at the Denver Mint — is one of the more desirable versions.
Here’s why:
- Low Mintage: Only around 4.1 million of these were produced at the Denver Mint. Compared to coins made today, that’s a very small number.
- Design Type 2: There are two versions of the 1913 Buffalo Nickel — Type 1 and Type 2. The Type 1 had the buffalo standing on a raised mound, while Type 2 showed it standing on a flat plain. The 1913-D Type 2 is much harder to find in high grade.
- Condition Matters: Coins that are in excellent condition (called “mint state”) are rare. Most coins got worn down from regular use, so finding one that’s still sharp and clear is a big deal.
- Collector Demand: Because it’s one of the early versions of the Buffalo Nickel and hard to find in good shape, collectors are willing to pay big money for it.
The Design That Made It a Legend
The design of the Buffalo Nickel is part of what makes it so iconic.
- The Native American head on the front was inspired by three different tribal chiefs. It’s powerful, respectful, and detailed.
- The buffalo on the back was modeled after a real bison named “Black Diamond,” who lived in the Bronx Zoo.
Even though the design looked great, it wasn’t practical for everyday use. The raised parts wore down fast, especially the date and denomination. That’s why well-preserved versions are rare — and valuable.
Grading and Value: How Much Can You Get?
Coin value depends on its grade, which is basically its condition. Here’s a rough idea of what a 1913-D Type 2 Buffalo Nickel might be worth:
- Worn condition (Good to Fine): ₹5,000 – ₹20,000 (approx. $60–$250)
- Very Fine to Extremely Fine: ₹40,000 – ₹1,20,000 (approx. $500–$1,500)
- Mint State (Uncirculated): ₹5,00,000+ (approx. $6,000+)
- Top-quality certified coins: Up to ₹83,00,000 ($99,875)
The record sale price of $99,875 was for a coin graded MS-68 by PCGS (Professional Coin Grading Service), which means it was in near-perfect condition — almost as fresh as the day it was made.
What to Look for if You Find One
Got an old nickel lying around? Here’s what to check:
- Date: Does it say 1913?
- Mint Mark: Is there a small “D” on the reverse (under “Five Cents”)?
- Type: Is the buffalo on a flat plain (Type 2)?
- Condition: Is the date clear? Are the details sharp?
If you have one that looks promising, get it appraised by a coin expert or graded by a professional service like PCGS or NGC. Even worn-down versions can be worth more than face value.
Why Collectors Love the Buffalo Nickel
Apart from its rarity, the Buffalo Nickel is loved because it represents a time in American history when coin designs were bold and artistic. It’s not just a piece of metal — it tells a story.
Collectors often try to build a full set, which includes every year and mint mark. That makes certain coins like the 1913-D Type 2 even more valuable, as they’re key pieces for completing the collection.