Buffalo Nickel Value

Low mintage numbers of San Francisco Buffalo nickels place most dates as the scarce issue for the year. A total of 118 million were struck with all years combined, lowest of the mints. Many of the key and high value nickels are the San Francisco coins.

San Francisco mint placed a "S" mintmark on the reverse just under Five Cents. A date with all numerals clearly showing plus the "S" mintmark is a premium value nickel.

The Denver Mint in Colorado also contributed to the numbers of Buffalo nickels minted. Striking just over 225 million coins, Denver issues are another exciting find. Early year examples 1913 to 1926 are all high premium coins.

Denver placed a "D" mintmark on the reverse to identify its production. A surprising premium coin is the last year of the Buffalo nickel 1938, all were minted at Denver. Last of series plus Denver only adds to this coin's popularity and demand from collectors.

Leading in numbers of Buffalo nickels struck is the Philadelphia mint. Throughout the years the main mint placed over 900 million nickels into circulation. Most of the old nickels found today are the Philadelphia issue. Many collectors find these coins appealing. Affordable in higher condition, a date run is a popular collection, creating a steady demand for all Buffalo nickels.

Looking on the reverse, just under Five Cents; if without a mintmark, the coin was struck at Philadelphia. The Philadelphia mint did not place mintmarks on Buffalo nickels.

Obverse: Features Identifying Mint State Grade: A strong demand is found in old nickels meeting the Mint State grade standards. No wear to the surface is the defining factor. A few points on the coin are checked to confirm this top condition.

Just under the Indian's eye his cheek is one of the high points to design. Any wear shows as a color change to the metal and a smoothing of texture. Luster imparted during minting is a fine grain surface easily removed when worn. Judge the surface of the cheek to match surrounding areas.

View the hair along the parting line from his forehead to bow holding the feathers. High and low areas representing lines of hair remain without any smoothing. Expanding upward and below the part line all surfaces are similar in texture.

Reverse: Features Identifying Mint State Grade: High areas of the buffalo's fur are inspected to detect any wear.

Along the upper shoulder where the fur meets the back remains with a luster indicating a mint state coin.

In the hip area, any wear causes a flattening of the profile and smoothness to the metal.

Look close at the lower edge of the ground, just above "Five Cents". The ground surface and a defining lower line remains without flattening.

Obverse: Features Identifying Extremely Fine Grade: A bold date, fully raised is a defining feature of the Extremely Fine grade.

All digits of the date are clear and well raised. Last digit of date is fully separated from the trailing end of the tie holding the braid of hair.

A small area of flatness is confined to just under the eye. A contour remains with no flat area connecting with the hair left of the eye.

Strands of hair remain bold throughout, blending with the feather is minimal.

Reverse: Features Identifying Extremely Fine Grade: Overall most of the fur details remain. Light wear has flattened only the upper areas of fur.

A distinct line remains separating the buffalo's back with the line of fur along the upper leg to the upper back.

Contour remains on the hip with a noticeable raise area defined. Flatness is limited to the forward area of leg.

The majority of the buffalo's horn is visible. On well struck examples the horn is complete with the tip well defined. Helping define the grade is areas of flatness are small and disconnected.

Obverse: Features Identifying the Fine Grade: Heavy wear has begun to create large areas of flatness to the surface, placing the coin in Fine grade.

First to judge is the date. Although worn to a shallow profile, all digits must show. Each number is complete. The "one" is often very weak at the bottom, but is separate from the "nine".

The long feather at the back of the head is only just beginning to merge with the Indian's hair. A line of separation is evident but faint.

Letters of "Liberty" are faint. The majority of the tops of the letters are very weak and beginning to touch the rim. A complete separation indicates a strong Fine grade.

Reverse: Features Identifying the Fine Grade: Evidence of a horn remaining helps identify the Fine grade. The upper half of the horn is missing, however, a strong base to the horn is visible.

A defining line remains indicating the fur from the back of the buffalo.

Flattened areas of the head, shoulder, stomach, and hip are evident but no areas are connecting. A wide space remains identifying each design feature.

Obverse: Features Identifying the Good Grade: A date is readable but very faint. Defining the grade is the first digits "19" are readable. The "19" are merging with each other but enough remains to identify. Last two digits of date are better defined. A small raised area of all digits is always visible.

Hair detail is missing throughout the center portion above the braid. Flatness extends upward to the part in the hair.

"Liberty" is readable but fully connected with the rim. Often upper part of letters are very faint to missing.

Reverse: Features Identifying the Good Grade: A once fully profiled buffalo is now flat.

The buffalo's head is missing the majority of his horn; a small base is sometimes seen. All fur detail to the head is one flat area.

A small connection of the buffalo's head to the rim is noted.

Only a slight definition of contour remains separating head, shoulder, stomach, and hip. Wide areas of flatness are now larger than contoured areas. Overall a buffalo nickel in Good grade remains with a bold outline of both the Indian and buffalo.

Designer's Initial

James Earle Fraser designed both the Indian obverse and Buffalo reverse. His initial "F" is found under the date of all Buffalo nickels.

Below Collector Quality

Discoloration has taken over the "look" of this nickel. Unfortunately, an abrasive was used to remove some of the color to brighten the surface. The resulting unnatural appearance has lowered value. A collector passes on these damaged coins. Damage to the surface and cleaning has removed collectability.

More Old Nickel Values

The index page helps identify the Shield, Liberty, Buffalo, Jefferson and Three Cent Nickels. Discover the value of your old nickels by matching your coins to the grading images and value charts.