Did you know a simple nickel in your pocket could be hiding a life-changing secret? One of America’s most iconic coins the Buffalo Nickel holds a few rare treasures that can turn everyday pocket change into a serious payday. One special version, known as the 1937-D Three-Legged Buffalo Nickel, is so valuable that even worn-out coins can sell for thousands of dollars.
Curious how to spot one? This guide will help you understand why this coin is so valuable and how you could be holding a mini fortune without even realizing it.
What Makes the Buffalo Nickel So Special?
The Buffalo Nickel, also known as the Indian Head Nickel, was minted from 1913 to 1938. Designed by sculptor James Earle Fraser, it features a proud Native American portrait on one side and a majestic buffalo (actually an American bison) on the other.
These coins circulated widely across the U.S., but certain varieties like the 1937-D Three-Legged Nickel became highly sought after due to rare minting errors. Today, collectors love these coins for their bold design, historical significance, and the thrill of the hunt.
The Story of the 1937-D Three-Legged Buffalo Nickel
In 1937, at the Denver Mint (look for a “D” mark under the buffalo), something unusual happened. A worker accidentally over-polished a coin die, completely removing one of the buffalo’s legs specifically, the front right leg.
The mistake wasn’t caught in time, and a small batch of coins was released into circulation. This error created one of the most famous collectible coins in U.S. history: the 1937-D Three-Legged Buffalo Nickel.
Depending on its condition, this coin can be worth anywhere from $500 to over $100,000.
How to Spot a Rare Buffalo Nickel in Your Change
Finding a Three-Legged Buffalo Nickel takes a little patience, but it’s easier when you know exactly what to look for. Here’s a simple checklist:
Date: Look for the year 1937 on the coin.
Mint Mark: There should be a small “D” under the words “FIVE CENTS” on the reverse (tail) side.
Missing Leg: The front right leg of the buffalo will appear completely gone or polished away, leaving a strange gap.
Design: The front of the coin shows a Native American; the back shows a buffalo.
If you think you’ve found one, don’t rush to sell it. Have it checked by a professional coin dealer or send it for grading through PCGS or NGC. Certified coins fetch higher prices at auctions.
Valuable Buffalo Nickels to Watch for
While the 1937-D Three-Legged Nickel steals the spotlight, there are other valuable Buffalo Nickels you might find. Here’s a quick reference table of some rare varieties:
| Year | Variety | Estimated Value Range |
|---|---|---|
| 1916 | Doubled Die Obverse | $3,000 – $25,000 |
| 1918/7-D | Overdate Error | $1,000 – $50,000 |
| 1935 | Doubled Die Reverse | $50 – $1,000 |
| 1937-D | Three-Legged Buffalo | $500 – $100,000 |
Values can vary based on coin condition (grading), so even lower-grade coins can be valuable.
Where to Look for Rare Buffalo Nickels
You don’t have to be a professional collector to get lucky. Here’s where beginners often find hidden treasures:
- Old piggy banks and coin jars
- Estate sales and flea markets
- Grandparents’ coin collections
- Garage sales and auctions
- Change received at local stores
Always use a magnifying glass to check coin details, especially dates and mint marks. And remember: don’t clean your coins cleaning can ruin their value!
Pro Tips for Beginner Coin Collectors
Learn Basic Grading: The better the condition, the higher the value. Coins are graded from “Good” (G-4) to “Mint State” (MS-65 and above).
Handle Coins Carefully: Use cotton gloves or hold coins by the edges to avoid damage.
Join Local Coin Clubs: It’s a great way to learn from experienced collectors.
Use Reputable Resources: Check out PCGS.com or NGCcoin.com for price guides, photos, and authentication tips.
Get Coins Authenticated: Before selling, have your coin graded by professionals to unlock its full value.
Final Thoughts: Could You Be Holding a Fortune?
Next time you dig through your change, take a closer look at those nickels. That simple Buffalo Nickel could be worth more than you think especially if you find the 1937-D Three-Legged variety. Even beginner collectors can get lucky with a sharp eye and a little knowledge.
With millions of nickels still floating around in old drawers and forgotten collections, who knows? You might just be one coin away from a life-changer.