Coin collection has become an interesting hobby for millions of collectors across the country. Everyone is running behind to collect more of these rare coins. In the US market, many kinds of these rare coins are still in circulation but hidden from us.
According to the currency experts and collectors, these rare coins have a high value due to their rarity. These rare coins can be kept in your pocket and can change your entire life with their value. Through this article, you will know how the Buffalo Nickel, worth $601000.
$601,000 Worth Buffalo Nickel Discovered in Pocket Change
The Buffalo Nickel became a rare coin among many US coins. It was first produced in 1913, which had an iconic place in the US numismatic history. This coin is recognized for its specific design, which is visible on both sides of the coin; it features a Native US man and an American bison.
The Buffalo Nickel has become the most wanted coin among US collectors, due to its ancient importance, artistic appeal, and coin’s rarity in certain situations. We can say that this coin holds an important place among other coins and for collectors. You must know about these rare coins and know how it is become so rare.
History: The Buffalo Nickel
Every coin has a specific history with some importance; this coin also has a great history, including its minting and its specific time duration. The Buffalo Nickel became one of the most sought-after coins, and its demand is increasing among US collectors. Now, this coin has a specific value in the coinage market worth $601000.
Origins and Minting
The Buffalo Nickel has a specific design, which was done by James Earle Fraser. The series of this coin was first started in 1913 and ended in 1938. Under the US Mint, this coin was produced with a specific change in the US coins; this coin replaced the Liberty Head Nickel, which had been in US circulation since 1883. The coin is also known for its different design, including this coin has a including a US Bison on the back side and a Native US man Chief on the front side, was revolutionary for its time.
Coin designer Fraser was very influenced by his experience with the US native culture, and mostly his interactions with Sioux Chiefs. On the other side of this coin, an American bison, usually represented as a buffalo, is a symbol of the American frontier. This bold, new design became a departure from other old-fashioned ideas used in American coinage.
End of Production
The Buffalo Nickel’s manufacture ended in 1938 with the issue of the Jefferson Nickel. The coin’s design was relatively high relief, which became a cause of difficulty to produce in large quantities, is mostly became one of the reasons for the ending of Coin production. In addition, the coin has a poor production quality, which leads to fast wear and erosion, and as a result, it becomes less identifiable over time.
Key Features of the Buffalo Nickel Coin
The Buffalo coins are well famous with their specific designs and ancient history. It became a rare coin for collectors and gave it a unique identity. You can know the specific features of these rare coins.
Obverse Design of Buffalo Nickel
The coin has a different obverse design, it has a picture of a Native US man, which is intended to characterize a merger of 3 Native US Chiefs: Two Moons, John Big Tree, and Iron Jail. The coin designer was very inspired by these and their ethnic importance.
Reverse Design of Buffalo Nickel
On the opposite side of this coin, has features a US bison standup on a bank of earth. The bison is portrayed in an active position, with its head down and tail raised up. It represents strength and resilience. You can find the caption “United States of America” and the value of Five Cents on the reverse side of the coin.
Composition and Size
- Composition: The Coin has a specific identity of production; it is finished from a combination of 75% copper and 25% nickel, which makes it a strong coin that remembers its value over time.
- Weight: The series of these coins has a specific weight for each coin, 5 grams.
- Diameter: The Width of the coin is 21.2mm, slightly less than modern nickel.
- Edge: The coin is recognized for its plain edge, which was an ordinary feature of US coinage at the time.
Rarity and Collection
These coins are more valuable due to their limited production or exclusive features. Collectors should notice the rarity and availability of these coins in the US economy. The series of these coins has a specific identity for collectors.
- 1913 Type I: The unique variety of the Buffalo Coin, featuring the buffalo in a more accurate position.
- 1913 Type II: On the opposite side, which is adapted to make the bison seem more unique and less accurate.
- 1931 –D Three Legged Buffalo: It is recognized for the minting error, in this coin’s minting, a bison with only three legs is shown.
- 1926-S: The coin is recognized for its low production; this coin is most valuable coins in high grades.
Condition and Market Value of the Buffalo Nickel
The coin’s market value is different and depends on the conditions, production year, and mintmark of the coins. You can know the specific details and condition of these coins.
- Rarity: The Coins can receive a higher price if they have some specific features, including mint errors, and a low production number.
- Condition: The highest grade considered for these coins is MS-65 or higher, which can be valuable for highest price than those in lower grades.
- Demand: Popular coins for high demand can receive a higher price, especially when they become rare and a short supply in the collection.
High Value Sales of the Buffalo Nickel
- 1937-D Three Legged Buffalo: The Coin of 1937-D is recognized for its MS-65 condition sold for $150000 at auction.
- 1913 Type I: The uncirculated coin has been valued for up to $100000 in past years.
- 1926-S: The coin was in top condition and can receive a high value of over $50000.
Final Thought: Buffalo Nickel Worth
The Buffalo Coins have an important role that is linked to American History. It represents the ancient culture of the US. There a rich stories behind its design and production. It has become a most desirable coin among collectors and currency experts these days due to rarity and low mintage with specific features. You should keep trying to get this coin because a single coin can get a high value in the US coinage market.
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