The Buffalo Nickel That Sold for $6.1 Million: Could Your Spare Change Be a Hidden Treasure?
Most coins in your pocket might seem ordinary, but some rare finds can be worth a fortune. Among them, the Buffalo Nickel stands out as a true collector’s gem. Introduced in 1913, this five-cent coin features a Native American on the front and a majestic buffalo on the back. Though most are valued at just a few dollars today, certain rare editions have commanded massive sums—including one that astonishingly sold for $6.1 million.
The Story Behind an American Classic
Officially called the Indian Head Nickel, the Buffalo Nickel was designed by James Earle Fraser. Its release in 1913 marked a shift toward honoring America’s frontier past and Native heritage.
The coin quickly became a favorite due to its striking, symbolic design. Produced until 1938, millions were minted, but a few rare types have become highly coveted among collectors for their historical and artistic significance.
Why One Buffalo Nickel Fetched $6.1 Million
The Buffalo Nickel that reached a record-breaking $6.1 million is a 1913 Liberty Head variant—an error coin that technically shouldn’t exist.
That year, the Mint moved to the Buffalo design, yet five coins were mistakenly struck with the old Liberty Head design. Only five are known to survive, making this variety extremely rare and highly desirable.
Other Buffalo Nickels That Could Be Worth Big Money
Although chances of stumbling upon a $6 million coin are slim, several other Buffalo Nickels hold serious value. Nickels from 1913 with a “D” (Denver) or “S” (San Francisco) mintmark are rare due to limited mintage.
The famous 1937-D “three-legged” variety—caused by overpolishing the die—is another standout. Additionally, the 1916 doubled die obverse features visibly repeated design elements, boosting its appeal and value.
How to Spot a Valuable Buffalo Nickel
To determine if your Buffalo Nickel could be worth more than face value, begin by checking its date—earlier years, especially 1913–1919, are generally more valuable.
Look underneath the words “FIVE CENTS” on the reverse side for mintmarks from Denver or San Francisco. Also, assess the coin’s condition; better-preserved coins fetch higher prices. Finally, check for errors like missing details, doubled features, or off-center strikes, which often increase worth significantly.
Found a Rare Nickel? Here’s What to Do Next
If you think you’ve found a rare or valuable Buffalo Nickel, avoid cleaning it—this can harm its value. Instead, protect it in a coin holder and have it examined by professionals such as PCGS or NGC for grading and authentication.
Selling a high-value coin through an auction house like Heritage or Stack’s Bowers is ideal, while less rare coins can be sold to certified dealers or on trusted online platforms.
Even though most Buffalo Nickels won’t make you rich, the thrill of discovery and the connection to early American history make coin hunting an enriching hobby. These small, historic treasures continue to capture the imagination of collectors and casual enthusiasts alike.
FAQs
What makes the 1913 Liberty Head Nickel so valuable?
It’s an error coin from 1913 that wasn’t supposed to exist—only five are known, making it extremely rare and highly valuable.
Where is the mint mark on a Buffalo Nickel located?
Look below the words “FIVE CENTS” on the reverse; you’ll find “D” for Denver or “S” for San Francisco if present.
How can I tell if my Buffalo Nickel has an error?
Check for missing details, doubled features, or oddities like the 1937-D “three-legged” bison—these are key signs of minting errors.
Should I clean a Buffalo Nickel to make it look better?
No, cleaning can reduce a coin’s value. Keep it untouched and consult a professional for evaluation and authentication.