American Bison Coin Worth More Than $1,000: Coin collectors and history enthusiasts, take note! The American Bison coin, also known as the Buffalo Nickel, is gaining attention in the numismatic community for its potential high value. Some rare versions of these coins have been sold for more than $1,000, making them a prized possession for collectors. But how can you tell if you have one of these valuable coins in your collection?
In this guide, we will explore the history of the American Bison coin, what makes it valuable, and how you can identify if you own a valuable piece.
American Bison Coin Worth More Than $1,000
| Aspect | Details |
|---|---|
| Coin Name | American Bison (Buffalo Nickel) |
| High-Value Coins | 1918/7-D Overdate, 1937-D Three-Legged Buffalo |
| Estimated Value | $1,000 or more |
| Factors Affecting Value | Condition, Rarity, Minting Errors |
| Official Resources | usmint.gov |
The American Bison coin, or Buffalo Nickel, is not only a piece of American history but also a potential goldmine for collectors. If you think you have one of these valuable coins, carefully inspect its details and consider professional appraisal to determine its true worth.
A Brief History of the American Bison Coin
The American Bison, featured on the Buffalo Nickel, was introduced in 1913 as part of an effort to redesign U.S. currency with more artistic and symbolic imagery. The coin was designed by renowned sculptor James Earle Fraser, who wanted to capture the spirit of the American West.
On the obverse side, the coin features a profile of a Native American chief, while the reverse side displays an iconic American Bison, often believed to be inspired by a famous bison named “Black Diamond” from the Central Park Zoo in New York.
The Buffalo Nickel was minted until 1938, after which it was replaced by the Jefferson Nickel. Due to its rich history and striking design, it remains a favorite among collectors and historians alike.
What Makes an American Bison Coin Valuable?
Several factors contribute to the high value of specific American Bison coins, including:
1. Minting Errors
Rare minting errors make coins highly sought after. Some of the most notable error coins include:
- 1918/7-D Overdate Error: A manufacturing mistake resulted in the number “8” being stamped over a “7,” making these coins rare and valuable.
- 1937-D Three-Legged Buffalo: Due to excessive die polishing, the front leg of the bison appears to be missing, creating a highly desirable error for collectors.
2. Rare Dates and Mint Marks
Certain years and mint locations produced lower quantities, making these coins rarer and more valuable. Look for the “D” mint mark (Denver) or the “S” mint mark (San Francisco), which can increase the coin’s worth.
3. Condition (Grading)
Coin grading significantly affects value. The higher the grade (on a scale of 1 to 70), the higher the value. Coins in “uncirculated” or “mint condition” command the highest prices.
4. Historical Significance
Coins with a unique historical background or those linked to specific periods of U.S. history tend to attract higher prices at auctions. The Buffalo Nickel symbolizes America’s frontier heritage, which adds to its desirability.
American Bison Coin Worth More Than $1,000 Spot a Valuable American Bison Coin
To determine if you have a valuable Buffalo Nickel, follow these steps:
- Inspect the Date: Examine the date carefully using a magnifying glass. Look for overdate errors such as the 1918/7-D, where the “7” is faintly visible beneath the “8.”
- Check for Missing Details: Look at the buffalo’s legs. A three-legged buffalo, particularly from 1937-D, is a major indicator of a rare and valuable coin.
- Assess Coin Condition: Look for wear and tear. If details like the Native American’s hair and feathers or the bison’s fur are well-preserved, your coin could be worth more.
- Verify Mint Marks: Locate the mint mark under the buffalo on the reverse side. Coins from the Denver and San Francisco mints tend to be rarer.
- Seek Professional Appraisal: For accurate valuation, consider getting your coin graded by a professional service such as PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation). Professional authentication can provide more confidence in the coin’s value.
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How Much Is Your American Bison Coin Worth?
The value of a Buffalo Nickel varies based on condition and rarity:
- Common Dates (1930-1938): $3 – $50
- Semi-Key Dates (1920-1929): $50 – $200
- Rare Dates (1913-1919): $500 – $5,000+
- Error Coins (1918/7-D, 1937-D Three-Legged): $1,000 – $10,000
To check recent auction prices, visit websites like Heritage Auctions or PCGS Price Guide.
FAQs On American Bison Coin Worth More Than $1,000
1. How can I tell if my Buffalo Nickel is valuable?
Look for key dates, mint marks, and minting errors such as overdates or missing legs. Coins in excellent condition are more valuable.
2. Where can I sell my American Bison coin?
You can sell your coin at auctions, coin dealers, or online platforms like eBay or Heritage Auctions.
3. Should I clean my Buffalo Nickel to increase its value?
No, cleaning a coin can reduce its value. Collectors prefer coins in their original, unaltered condition.
4. Are all Buffalo Nickels valuable?
No, only specific years, mint marks, and error coins hold significant value. Common coins in circulated condition may only be worth a few dollars.
5. Can I find valuable Buffalo Nickels in circulation today?
It’s unlikely, but some lucky individuals have found rare nickels in old collections or coin rolls.
