Rare Buffalo Nickel Worth $601K Might Still Be in Your Spare Change

Known also as the Indian Head Nickel, the Buffalo Nickel was minted by the U.S. Mint between 1913 and 1938. It was created by artist James Earle Fraser, who sought to capture the essence of Native American heritage and the frontier spirit.

The front displays a Native American profile, while the reverse features a bison, symbolizing the American West. This coin, once widely circulated, now holds a special place in U.S. numismatic history.

Why is the $601,000 Buffalo Nickel So Valuable?

The incredible value of this Buffalo Nickel comes from a combination of rarity, condition, and an unusual error. The coin in question features a rare overdate—1918/7-D—which happened when a 1917 die was reused and overstruck with 1918, resulting in visible overlapping numbers. This type of error is highly desirable among collectors and commands a premium. Such rare finds are what elevate a coin’s worth tremendously.

Overdate Error (1918/7-D)

This particular Buffalo Nickel has a famous and noticeable overdate error where a 1918 date was stamped over a 1917 die. As a result, the digits overlap and can be seen clearly with a magnifier.

This error occurred at the Denver Mint, hence the “D” mint mark. Because of its rarity and the difficulty in finding one in excellent condition, the 1918/7-D is considered one of the most valuable coins in the series.

Mint State Condition

Coins are graded based on their preservation, and those in “Mint State” show no signs of wear. The $601,000 Buffalo Nickel has been graded MS66, which means it looks nearly perfect.

With full details, sharp lines, and original shine intact, Mint State coins—especially from over a century ago—are extremely hard to come by. This pristine condition is a big part of why this coin is so expensive.

Low Mintage and Survival Rate

Even though millions of Buffalo Nickels were struck, only a small number still exist in good condition. Over time, many were lost or became heavily worn.

Rare varieties, such as those with errors or low mintage years, have even fewer survivors. This combination of scarcity and exceptional state is what turns ordinary nickels into extraordinary collectibles worth thousands—or even hundreds of thousands.

Notable Buffalo Nickels and Their Worth

Here are some standout examples of Buffalo Nickels and what they’ve been valued at by collectors:

Year | Mint Mark | Error/Variety | Grade | Estimated Value
1918 | D | 7 Over 8 | MS66 | $601,000
1916 | P | Doubled Die Obverse | MS64 | $281,750
1937 | D | 3-Legged Buffalo | MS66 | $99,875
1926 | S | Low Mintage | MS65 | $105,750
1913 | S | Type 2 | PR68 | $143,500

Each of these coins is a testament to the combination of rarity, condition, and historical significance that drives collector interest and value.

How to Identify a Valuable Buffalo Nickel

To check whether your Buffalo Nickel might be rare or valuable, start by examining the date and mint mark. Key years like 1918/7-D, 1937-D, and 1916 are especially worth checking. The mint mark is located beneath the words “FIVE CENTS” on the coin’s back.

Look closely using a magnifying glass to detect possible errors like doubled numbers or missing legs on the buffalo. Also, evaluate the overall condition; coins with sharp, detailed features and original shine fetch higher prices. If you think you’ve struck gold, consult a professional grading service for verification.

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