Sell Buffalo Nickel to the Best Buyer in Las Vegas & Henderson, NV

The Buffalo Nickel is a five-cent piece produced by the United States Mint from 1913 to 1938. It is considered one of the most collected among coin enthusiasts for its fascinating history. Sculptor James Earle Fraser designed the Buffalo Nickel in 1912 as a five-cent coin. Intending to modify and beautify American coins, the coin features a portrait of a Native American on its obverse and a buffalo on its reverse. Its production started in Denver and San Francisco Mints around the 1910s to 1930s.

Brief History

Like what happened to many coins, the Buffalo Nickel also had no chance of missing controversies before going into major productions. Problems of production companies and the Treasury Secretary were on the Buffalos  Nickels’ inconsistent design regarding nickel’s shape, size, and weight. On February 22, 1913, the first Buffalo Nickels were struck and were unofficially introduced into a limited circulation. It had its official introduction for circulation on March 4, 1913.

However, issues were raised about the dies of the Buffalo Nickel that were quickly wearing out and were breaking three times faster than the Liberty Head Nickel. This problem was solved when the Denver Mint redesigned the coin by removing clash marks- these are those scratches when the dyes are in contact with each other while stored. But the Mint worked overly in removing the clash marks, which further resulted in removing one of the buffalo’s legs.

The mistake was only realized after thousands of this three-legged nickel had been created and circulated. The Buffalo Nickel was legally required to be produced within 25 years. In 1938, a competition was held by Mint to design the nickel buffalo’s successor. After 25 years, the lifespan of a buffalo nickel is believed to end and be replaced by the Jefferson nickel.

Design of Buffalo Nickel

The coin’s obverse features the Native American warrior facing to the right with his braided hair and two feathers. The initial “F” that signifies the designer’s name, James Earle Fraser, together with the coin’s date, is found below the warrior’s clothing laid across his shoulder. On the right-hand side following the outer edge of the rim of the coin is the word “LIBERTY”.

On the other hand, the coin’s reverse highlights a male bison’s full-bodied nature, an extinct bovine mammal, particularly a buffalo. The bison or buffalo stands on a grassy mound with the words “FIVE CENTS”. Below is the name of the particular mint mark of the coin. Above the bison, specifically at the top curve of the coin, are the words “UNITED STATES OF AMERICA”. Then, in between the tail end of the bison is the “E PLURIBUS UNUM”.

During the release of the Buffalo nickel, many coin collectors and citizens of the US were intrigued by the man depicted on the obverse of the coin. His identity or historical significance became a surprising interest among the people. That is why the designer, Fraser, decided to reveal the names of the two possible subjects of the coin. Moreover, there were three models used by Fraser for the coin. The first model was a member of the Sioux tribe or a snake named Iron Tail and a man from the Cheyenne tribe named Two Moons. The third model was believed to be an unsure revelation of Fraser for he already forgot about what really was it all about. But it was later revealed through the confirmation of his wife, Laura Gardin, that it was a Kiowa man named Big Tree. The wife also mentioned that among the three models used, Iron Tail was the favorite, pointing out how it bore the closest resemblance to the buffalo nickel’s obverse design.

Value of a Buffalo Nickel

The series of the Buffalo nickel started to be released for circulation through 1938. Several dates had been marked on the coin to indicate the date of its release. In today’s market, the coin’s value is determined by its condition or grade and historical significance.

The 1913 Buffalo nickels are basically identified in two variations, Type 1 and Type 2. Both coins have worn off dates already due to heavy usage during the “Great Depression” from 1929 to 1939.  On the Type 1 Buffalo nickel, the inscription date that was placed on a raised background of the coin’s obverse is likely to experience wear along with the denomination. On the other hand, the Type 2’s denomination “FIVE CENTS” is recessed below the coin’s rim to wear more slowly and strike better.

Today’s Buffalo nickels are dateless and do not carry much premium value. In fact, they are only worth about 50 cents.  This is typically half of the value of a common circulated Buffalo coin with a date. But these coins make a great gift especially to those who collect coin for their numismatic value.

Where to Sell Buffalo Nickels

Nevada Coin Mart is the #1 and the largest coin buyer you can find in Las Vegas and Henderson, Nevada. We are home to many coins in gold, silver, platinum, palladium, and other precious elements available. With the competent experts that we have, Nevada Coin Mart is undoubtedly the best place for you to go when you intend to sell these precious items. The selling transaction that you will experience in our store is going to be definitely worthwhile.

You are guaranteed to get the most cash for your Buffalo nickels and other precious items as we use a state-of-the-art spectrometer to determine its worth. With the best customer service that has been highly regarded for several years already, we assure you that your decision of selling us your Buffalo nickels will never be a waste of time, rather an engaging and informative experience.

With great pride, we have won the Best of Las Vegas Awards given and recognized by the Las Vegas Journal Review 12 times already, making us the best dealer of coin items. Our experts can guarantee that the selling transaction, particularly the coin valuation, is done with credibility and utmost attention to small details.

We are open 365 times a year, from 9 am to 6 pm. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the best customer service for a worthwhile transaction of your wheat penny.

References:

https://en.wikipedia.org/wiki/Buffalo_nickel#:~:text=The%20Buffalo%20nickel%20or%20Indian,designs%20between%201907%20and%201909.

https://www.thecoinvault.com/product/16585/the-history-of-the-buffalo-nickel

https://coinweek.com/us-coins/buffalo-nickels-a-brief-history-and-a-sampling-of-values/