The 1937 Buffalo Nickel is a highly valued coin among collectors due to its iconic design and historical significance. Featuring a Native American portrait on one side and a buffalo on the other, this coin captures a unique part of American history. The value of the 1937 Buffalo Nickel depends on factors like its mintmark, rarity, and condition. In this guide, we’ll explain everything you need to know, including the differences between the Philadelphia, Denver, and San Francisco versions.
History of the 1937 Buffalo Nickel
The Buffalo Nickel, also known as the Indian Head Nickel, was first minted in 1913 and remained in circulation until 1938. The design, created by sculptor James Earle Fraser, quickly became a favorite among collectors for its detailed depiction of a Native American chief and an American bison. The 1937 version, in particular, is notable for its variations and limited mintage from specific mint locations.
Mintmark and Rarity: What to Know
Each 1937 Buffalo Nickel was minted in one of three locations, indicated by the mintmark on the coin. The mintmark can greatly affect its value since each location produced a different number of coins.
Table of Mintmarks, Mintage, and Estimated Value
| Mintmark | Mint Location | Mintage | Estimated Value (MS65) |
|---|---|---|---|
| Philadelphia | No mintmark | 20,477,000 | $50 – $150 |
| Denver (D) | Denver Mint | 2,500,000 | $100 – $300 |
| San Francisco (S) | San Francisco Mint | 1,200,000 | $300 – $1,000 |
As shown, the San Francisco (S) mintmark indicates the rarest and most valuable version of the 1937 Buffalo Nickel due to its low mintage. The Denver (D) version is also highly sought after, while the Philadelphia version is more common but can still be valuable, especially in excellent condition.
Why the 1937 Buffalo Nickel is Valuable
Several factors contribute to the 1937 Buffalo Nickel’s high value:
- Rarity: Coins from the Denver and San Francisco Mints are much rarer than those from Philadelphia, which increases their desirability.
- Condition: Coins in pristine condition, often graded as MS65 or higher, are much more valuable. The high-quality coins show sharper details, which appeals to collectors.
- Design: The Native American and buffalo designs on this coin are unique, making the Buffalo Nickel a collector favorite.
- Market Demand: The 1937 Buffalo Nickel has steadily increased in value due to strong interest from collectors, particularly those looking for historical U.S. coins.
Current Market Trends
The 1937 Buffalo Nickel has seen its value steadily increase over the years, particularly in higher grades and for the rarer mintmarked versions. Here are a few reasons why collectors and investors have taken a special interest in this coin:
- Increased Demand: As interest in American coins grows, the 1937 Buffalo Nickel has become more desirable, especially in high-quality conditions.
- Scarcity of High-Grade Coins: Coins in excellent condition with well-defined features are rare, especially for the San Francisco (S) mintmark version.
- Historical Significance: The 1937 Buffalo Nickel represents a piece of American history, as it was one of the last years this design was minted.
Conclusion
The 1937 Buffalo Nickel is an essential addition to any serious collection. Its historical value, unique design, and rising market price make it a true collector’s item. Whether you’re interested in the more common Philadelphia version or the rarer Denver and San Francisco coins, the 1937 Buffalo Nickel offers both beauty and investment potential. As demand grows, this coin’s value is likely to increase, making it a wise choice for collectors.
FAQ’s
What makes the 1937 Buffalo Nickel valuable?
The 1937 Buffalo Nickel is valuable due to its unique design, limited mintages, and high demand among collectors. Coins from the Denver (D) and San Francisco (S) mints, in particular, are more valuable because fewer of them were made.
How can I tell where my 1937 Buffalo Nickel was minted?
Look for a small mintmark on the reverse (buffalo side) of the coin. If it has a “D” or “S,” it was minted in Denver or San Francisco. No mintmark means it was minted in Philadelphia.
How much is a 1937 Buffalo Nickel worth in good condition?
The value depends on its mintmark and condition. Philadelphia coins can be worth $50 to $150 in high-grade (MS65) condition, while Denver and San Francisco versions may be worth $100 to over $1,000.