Rare Treasure: The 1937-D Three-Legged Buffalo Nickel’s $95,000 Value

The 1937-D Three-Legged Buffalo Nickel is one of the most exciting and valuable coins in U.S. history. This coin is famous for its unique minting error that caused the bison’s front right leg to disappear, leaving collectors in awe. Some of these rare coins have sold for over $95,000 at auctions, making them a must-have for numismatists and investors alike.

Origins of the 1937-D Three-Legged Buffalo Nickel

The Buffalo Nickel, officially called the Indian Head Nickel, was minted between 1913 and 1938. Sculptor James Earle Fraser designed this coin to showcase a Native American profile on one side and an American bison on the other.

In 1937, at the Denver Mint, a worn die was over-polished, erasing the bison’s front right leg. This error wasn’t caught immediately, so these coins entered circulation, creating the now-famous Three-Legged Buffalo Nickel.

How to Identify the 1937-D Three-Legged Buffalo Nickel

To spot an authentic 1937-D Three-Legged Buffalo Nickel, look for these features:

  1. Missing Front Leg: The bison’s front right leg is absent, but the hoof is still visible.
  2. Weakened Rear Leg: The back leg looks thin or “moth-eaten” due to over-polishing.
  3. Die Polishing Marks: Raised dots or streaks can be seen under the bison’s belly.
  4. Denver Mint Mark: A “D” below “FIVE CENTS” on the coin’s reverse indicates it was made in Denver.

These details are crucial because counterfeit versions exist.

Market Value of the 1937-D Three-Legged Buffalo Nickel

The coin’s worth depends on its condition, graded on a scale from Good (G-4) to Mint State (MS-65):

GradeEstimated Value
Good (G-4)$550 – $600
Very Fine (VF-20)$1,200 – $1,500
Extremely Fine (EF-40)$2,500 – $3,000
About Uncirculated (AU-50)$4,000 – $5,000
Mint State (MS-60)$7,000 – $8,000
Mint State (MS-65)$15,000 – $20,000

The highest recorded price for this coin was $99,875 for a PCGS-graded MS-66 specimen in 2021.

Why Is This Coin So Valuable?

Three main factors contribute to the 1937-D Three-Legged Buffalo Nickel’s high value:

  • Condition: Well-preserved coins are worth much more.
  • Rarity: The minting error and limited surviving specimens make it a collector’s dream.
  • Demand: High interest among numismatists and investors boosts its price.

Conclusion

The 1937-D Three-Legged Buffalo Nickel is a symbol of the beauty and rarity in American coinage. With its unique history, unmistakable features, and impressive market value, owning this coin feels like winning the lottery! Whether you’re a seasoned collector or new to numismatics, this coin is a treasure worth seeking.

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FAQ’s

How do I authenticate a 1937-D Three-Legged Buffalo Nickel?

Use reputable services like PCGS or NGC to ensure your coin’s authenticity and grade.

What is the highest recorded price for this coin?

An MS-66 specimen sold for $99,875 at auction in 2021.

How rare is the 1937-D Three-Legged Buffalo Nickel?

It’s extremely rare due to the unique minting error and limited surviving specimens.

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