Did you know a small mistake on a coin can make it incredibly valuable? The 1937 three-legged buffalo nickel is one such rare coin. This unique nickel, created by accident, has captured the interest of collectors worldwide. It’s now worth up to $350,000 depending on its condition. Let’s dive into the fascinating story of this coin and why it’s so special.
What Is the 1937 Three-Legged Buffalo Nickel?
The 1937 three-legged buffalo nickel is a rare U.S. coin from the Buffalo Nickel series minted between 1913 and 1938. The name comes from an error during production where the buffalo on the reverse side appears to have only three legs.
How Did the Error Happen?
This error occurred at the Denver Mint. While cleaning the coin dies, part of the buffalo’s front leg was accidentally polished away. The mistake wasn’t caught in time, and a small number of these flawed nickels went into circulation.
Why Is This Coin So Valuable?
Rare coins like this are prized for their uniqueness. Fewer than 10,000 three-legged buffalo nickels are believed to exist today. The rarity, combined with high demand from collectors, has skyrocketed the coin’s value. Coins in pristine condition, known as “uncirculated,” fetch the highest prices—up to $350,000!
Tips to Identify a Three-Legged Buffalo Nickel
- Inspect the Buffalo’s Legs: Look at the buffalo’s front legs; one will seem to be missing.
- Check for a D Mint Mark: This coin was minted in Denver, so it will have a small “D” near the reverse side’s bottom.
- Examine the Date: Ensure the coin’s year is 1937.
- Consult a Professional: If you’re unsure, take your coin to an expert for evaluation.
How to Care for Rare Coins
Rare coins should be handled carefully to maintain their value. Use gloves to avoid leaving fingerprints and store them in protective cases away from heat and moisture.
The 1937 three-legged buffalo nickel is more than just a coin—it’s a piece of history and a collector’s dream. Whether you’re a coin enthusiast or just curious, spotting one could mean striking it rich. Always keep an eye on your spare change; you never know what treasures you might find!
What makes the 1937 buffalo nickel rare?
It’s rare because of a minting error that removed one of the buffalo’s legs.
How can I tell if I have a three-legged buffalo nickel?
Check for the missing front leg, a “D” mint mark, and the 1937 date.
How much is the coin worth today?
Depending on its condition, it can be worth anywhere from $1,000 to $350,000.
Why do coin collectors value errors so much?
Errors make coins unique and often increase their rarity and value.
Where can I sell my rare coin?
You can sell it through auctions, coin dealers, or online platforms specializing in rare coins.
