This American Bison Coin Is Worth Over $1,000 – Here’s How to Spot It!

Imagine rummaging through your pocket change or an old coin collection only to discover a rare gem worth over $1,000. This could happen if you come across a highly valuable American Bison coin, also known as the Buffalo nickel. These coins, originally minted between 1913 and 1938, are a favorite among collectors, especially rare variants with unique features. Let’s explore what makes these coins so valuable and how you can identify one in your possession.

American Bison Coin: Key Features

The American Bison coin is more than just a piece of history; it could be a valuable asset hiding in plain sight. By understanding what to look for—such as rare dates, mint marks, and errors—you might uncover a coin worth over $1,000 or even more. Whether you’re a seasoned collector or just starting, the thrill of discovery makes this hobby rewarding.

For more information on rare coins and valuations, visit the U.S. Mint’s official website.

What Makes the American Bison Coin So Special?

The American Bison coin, designed by sculptor James Earle Fraser, is iconic. Its obverse side features a composite portrait of Native American chiefs, while the reverse side depicts an American bison. Despite its simple design, various production quirks and errors have turned some of these coins into treasures worth thousands of dollars.

Collectors particularly seek coins with:

1. Minting Errors: Mistakes during the coin’s production process.
2. Low Mintage Numbers: Fewer coins mean higher rarity.
3. Historical Significance: Unique designs or changes made for specific years.

Top Valuable American Bison Coins to Watch For

1. 1937-D Three-Legged Buffalo

This is arguably the most famous Buffalo nickel error. Due to excessive die polishing at the Denver mint, the front leg of the bison appears to be missing. Coins in mint condition have sold for up to $150,000.

2. 1918/7-D Overdate Buffalo

In this rare error, the date “1918” was stamped over “1917,” resulting in a visible “8” over “7.” These coins are valued at up to $64,000.

3. 1916 Doubled Die Obverse

This coin features a doubling effect on the date and other elements due to a misaligned die. Coins in excellent condition can fetch over $150,000.

4. 1926-S Buffalo Nickel

With a mintage of just 970,000, this coin’s rarity makes it highly desirable. High-grade examples sell for over $10,000.

How to Identify a Valuable American Bison Coin

Spotting a valuable coin requires attention to detail. Here are the steps to follow:

Step 1: Examine the Date and Mint Mark

• The date is located on the coin’s obverse side, below the Native American portrait.
• Look for the mint mark on the reverse side beneath the “FIVE CENTS” inscription. Common mint marks include:
  • No mint mark: Philadelphia Mint
  • D: Denver Mint
  • S: San Francisco Mint

Step 2: Inspect for Errors

Use a magnifying glass to spot:

• Doubling on the date or design elements.
• Missing parts, like the bison’s front leg on the 1937-D coin.
• Overstamped dates, such as the 1918/7-D.

Step 3: Assess the Coin’s Condition

Coins are graded on a scale from 1 (Poor) to 70 (Perfect Mint State). High-grade coins with minimal wear are significantly more valuable. A professional grading service, like PCGS or NGC, can provide an official grade.

Step 4: Research Market Prices

Compare your coin’s features and grade to recent auction results or coin value guides. Websites like PCGS Coin Price Guide are excellent resources.

Why Condition Matters: Understanding Coin Grading

Professional coin grading plays a critical role in determining a coin’s value. Grading services evaluate factors like:

1. Luster: The coin’s shine and surface quality.
2. Strike: The sharpness of the design details.
3. Wear and Tear: Any scratches, dents, or loss of detail.

For example, a 1937-D Three-Legged Buffalo in grade MS65 (Mint State 65) can sell for upwards of $75,000, while the same coin in lower grades may only fetch a few thousand dollars.

Selling Your American Bison Coin

If you believe you have a valuable coin, here’s how to sell it:

Step 1: Verify Its Authenticity

Send your coin to a grading service like PCGS or NGC for authentication and grading. This step is crucial to avoid disputes about its value.

Step 2: Research the Market

Check recent auction results for similar coins. Reputable auction houses include Heritage Auctions and Stack’s Bowers Galleries.

Step 3: Choose a Selling Platform

• Coin Dealers: Experienced dealers can offer fair prices.
• Online Marketplaces: Platforms like eBay are popular but require caution to avoid scams.
• Auctions: These can attract competitive bidding, especially for rare coins.

Get $5,000 Within Hours If You Have A Pre-1997 Check: Eligibility & Process

This Lincoln Penny Could Be Worth $840,000 – Check Your Spare Change

1909-S VDB Penny Worth $2 Million? 5 More Valuable Coins Like this!

Frequently Asked Questions (FAQs)

Q: How do I know if my Buffalo nickel is valuable?

A: Check the date, mint mark, and look for errors like doubling or missing features. Rare coins and those in excellent condition are often valuable.

Q: Can I clean my coin to improve its appearance?

A: No. Cleaning a coin can reduce its value by removing its natural patina and damaging the surface.

Q: Where can I find a reliable coin dealer?

A: Visit coin shows or check online directories like the Professional Numismatists Guild (PNG) for vetted dealers.

Q: Are all Buffalo nickels rare?

A: No. Many Buffalo nickels were minted in large quantities and are common. However, specific years, mint marks, and errors make some coins rare.