The 1937-D Three-Legged Buffalo Nickel: A Collector’s Dream Coin

One of the most precious and intriguing coins in coin collecting is the 1937-D Three-Legged Buffalo Nickel. Some of these uncommon mistake coins have sold for over $95,000 at auction, making them a highly sought-after commodity for collectors. However, how can collectors recognize this coin and what makes it so unique? Let’s examine its history, characteristics, and worth.

Origins of the 1937-D Three-Legged Buffalo Nickel

From 1913 until 1938, the Buffalo Nickel—also called the Indian Head Nickel—was manufactured. The coin, which was designed by artist James Earle Fraser, has an American bison on the back and a Native American s face on the front.

The Denver Mint made a mistake in 1937 when they over-polished a worn-out die. The renowned Three-Legged variant of the coin was produced as a result of the polishing removing the bison’s front right leg.

Many of these coins were able to circulate despite the inaccuracy being initially overlooked. They thus turned into a prized and uncommon find for collectors.

Identifying Features of the 1937-D Three-Legged Buffalo Nickel

The 1937-D Three-Legged Buffalo Nickel can be easily identified thanks to a few distinguishing characteristics:

• Missing Front Leg: The bison s front right leg is completely absent, though the hoof is still visible.
• Weak Rear Leg: The bison s rear leg often looks faint or damaged due to the die polishing.
• Die Polishing Marks: You may notice raised dots or a stream beneath the bison s belly caused by the die polishing.
• Mint Mark: The coin has a D mint mark below the words FIVE CENTS, indicating it was made at the Denver Mint.

These characteristics are crucial for correctly identifying the coin because counterfeit versions do exist.

Market Value and Auction Records

The 1937-D Three-Legged Buffalo Nickel’s worth is contingent upon its state. The approximate value of each grade is broken down as follows:

• 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

In 2021, a coin graded MS-66 brought close to $100,000 at auction. As collector interest for these coins has grown, their value has risen gradually.

Factors Influencing Value

The 1937-D Three-Legged Buffalo Nickel’s value is determined by a number of factors:

• Condition: Coins in better condition (with little wear) are worth more.
• Rarity: The coin s unique minting error makes it rare, and fewer examples survive today.
• Market Demand: A strong demand from collectors and investors can drive up the price.

Make sure to thoroughly inspect the coin’s authenticity and condition if you’re thinking of buying one.

Authentication and Grading

The 1937-D Three-Legged Buffalo Nickel is extremely expensive, so it’s critical to correctly authenticate and grade the coin.

The authenticity and grade of a coin can be confirmed by reputable grading organizations such as the Numismatic Guaranty Corporation (NGC) or the Professional Coin Grading Service (PCGS). Customers may be sure they’re getting a real, well-preserved example thanks to this.

In American numismatic history, the 1937-D Three-Legged Buffalo Nickel is a unique and uncommon item. It is an essential item for coin collectors due to its rare error, distinctive origin, and high market value.

Owning a 1937-D Three-Legged Buffalo Nickel would be a noteworthy accomplishment in any collection, regardless of how experienced you are with coin collecting.

1. What is the 1937-D Three-Legged Buffalo Nickel?

A rare coin known as the 1937-D Three-Legged Buffalo Nickel has a minting fault in which the front right leg of the bison is absent.

2. Why is the 1937-D Buffalo Nickel so valuable?

It is valued at hundreds of dollars because to its unique mistake, rarity, and great demand from collectors.

3. How can I tell if my Buffalo Nickel is the Three-Legged variety?

Examine the coin for die polishing markings, a weak rear leg, and the bison’s missing front leg.

4. How much is a 1937-D Three-Legged Buffalo Nickel worth?

A low-grade coin may be about $550, while a high-grade coin may be worth almost $95,000.

5. How do I ensure my coin is authentic?

Services like PCGS or NGC can provide you with a professional grade and authentication for your coin.

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