Buffalo Nickel: The 1937-D Buffalo Nickel is one of the most fascinating coins in American history. Its striking design and limited varieties have made it a prized possession among collectors worldwide. Whether you’re an experienced numismatist or a beginner looking to expand your collection, this coin’s story and rarity are worth exploring.
In this article, we’ll take a closer look at the origins, design, and value of the 1937-D Buffalo Nickel. You’ll also discover the unique “3-Legged” variety, which has captivated collectors for decades. Let’s dive into the rich history and enduring appeal of this iconic piece of U.S. coinage.
Overview Table
| Feature | Details |
| Designer | James Earle Fraser |
| Mint Location | Denver Mint |
| Composition | 75% Copper, 25% Nickel |
| Diameter | 21.2 mm |
| Weight | 5 grams |
| Total Mintage | Approximately 17.8 million |
| Notable Variety | “3-Legged” Buffalo Nickel |
| Standard Value (MS+ Condition) | $42 to $55 |
| “3-Legged” Variety Value (MS-67) | Up to $121,750 |
Historical Background
The 1937-D Buffalo Nickel was minted at the Denver Mint during a time of economic hardship in the United States. Despite the challenges of the Great Depression, the production of this coin continued, marking the final years of the Buffalo Nickel series.
Designed by sculptor James Earle Fraser, the Buffalo Nickel was introduced in 1913 to celebrate America’s heritage and natural beauty. Fraser’s design was revolutionary, showcasing a Native American chief on the obverse and an American bison on the reverse. The 1937-D edition is particularly notable for its historical context and the rare minting error that created the famous “3-Legged” Buffalo Nickel.
Design and Features
The design of the 1937-D Buffalo Nickel reflects a deep appreciation for American culture and wildlife.
- Obverse: The obverse features the profile of a Native American chief, representing the rich cultural history of indigenous peoples. Fraser combined features from three different Native American leaders to create this powerful image.
- Reverse: The reverse showcases an American bison, a symbol of the nation’s frontier spirit. The bison, believed to be modeled after “Black Diamond,” a bison that lived in the Central Park Zoo, stands proudly with its head lowered.
Made from 75% copper and 25% nickel, the coin has a diameter of 21.2 mm and weighs 5 grams. This composition ensures both durability and aesthetic appeal, making the Buffalo Nickel a favorite among collectors.
Mintage and Rarity
In 1937, the Denver Mint produced approximately 17.8 million Buffalo Nickels. While this number might seem high, the coin’s rarity lies in specific varieties, especially the “3-Legged” Buffalo Nickel. Due to an error during the minting process, only a limited number of these coins were released into circulation, significantly increasing their value and desirability among collectors.
The “3-Legged” Buffalo Nickel
One of the most intriguing aspects of the 1937-D Buffalo Nickel is the “3-Legged” variety. This rare error occurred when a mint worker over-polished the reverse die, accidentally removing the buffalo’s front leg. The result is a striking and easily recognizable coin that stands out from standard issues.
Collectors prize this variety for both its rarity and the fascinating story behind its creation. Despite being a minting error, the “3-Legged” Buffalo Nickel is considered a legitimate and valuable part of U.S. coinage history. High-grade examples are particularly sought after, with well-preserved coins commanding thousands of dollars at auctions.
Value and Collectibility
The value of a 1937-D Buffalo Nickel depends largely on its condition and variety. Standard coins in uncirculated (MS+) condition typically sell for $42 to $55. However, the “3-Legged” variety is far more valuable, with average-condition coins fetching around $599 and high-grade examples reaching prices of up to $121,750.
Collectors value this coin not only for its rarity but also for its historical significance and artistic design. Coins with sharp details and minimal wear are especially desirable, making proper preservation essential for maintaining their value.
Grading and Authentication
To accurately assess the value of a 1937-D Buffalo Nickel, professional grading is essential. Coins are graded using the Sheldon scale, which ranges from 1 to 70, with higher numbers indicating better condition.
Two of the most reputable grading services are the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC). These organizations provide expert authentication and grading, ensuring the coin’s legitimacy and helping collectors make informed purchasing decisions. Certified coins often command higher prices, as buyers can trust their quality and authenticity.
Preservation and Care
Maintaining the condition of your 1937-D Buffalo Nickel is crucial for preserving its value. Coins should be stored in a cool, dry environment, away from direct sunlight and humidity. Using acid-free holders or coin capsules can help prevent damage and maintain the coin’s appearance.
When handling coins, it’s important to wear gloves to avoid transferring oils and dirt from your fingers. Avoid cleaning coins, as this can scratch the surface and reduce their value. With proper care, your Buffalo Nickel can remain a valuable and cherished part of your collection for years to come.
1937-D Buffalo Nickel Varieties and Values
Here’s a quick overview of the different varieties of the 1937-D Buffalo Nickel and their estimated values:
- Standard Issue:
- Description: Regular 1937-D Buffalo Nickel without any minting errors
- Estimated Value: $1.84 in average condition; $42 to $55 in uncirculated condition
- “3-Legged” Variety:
- Description: Buffalo Nickel with the front leg missing due to over-polishing
- Estimated Value: $599 in average condition; $2,208 to $5,106 in uncirculated condition; up to $121,750 for MS-67
Note: Coin values may vary depending on market conditions and collector demand.
FAQs
What is the “3-Legged” Buffalo Nickel?
The “3-Legged” Buffalo Nickel is a rare minting error of the 1937-D issue, where the buffalo’s front leg is missing due to over-polishing of the reverse die.
How can I determine the value of my 1937-D Buffalo Nickel?
The value depends on the coin’s condition and rarity. Professional grading services like PCGS or NGC can provide an accurate assessment.
Are all 1937-D Buffalo Nickels valuable?
While all 1937-D Buffalo Nickels have some value, coins in uncirculated condition or with the “3-Legged” error are particularly valuable.
Where can I sell my 1937-D Buffalo Nickel?
You can sell your coin through online marketplaces, auction houses, or coin dealers specializing in rare coins.
How should I store my 1937-D Buffalo Nickel?
Store the coin in a cool, dry place using acid-free holders or coin capsules. Avoid handling the coin with bare hands to prevent damage.
Final Thought
The 1937-D Buffalo Nickel is more than just a piece of currency—it’s a symbol of America’s rich history and artistic craftsmanship. Whether you own a standard issue or the rare “3-Legged” variety, this coin is a valuable addition to any collection.
If you’re passionate about coin collecting, explore other rare coins and expand your collection. Feel free to share your thoughts or questions in the comments below—happy collecting!