The 1937-D Three-Legged Buffalo Nickel is one of the most fascinating error coins in American numismatic history. Known for its unique minting mistake that left the buffalo on the reverse side with only three visible legs, this coin has captivated collectors and investors for decades.
In this article, we cut into its history, rarity, value, and how to identify this extraordinary treasure.
Table of Contents
History
The Buffalo Nickel, officially known as the Indian Head Nickel, was minted between 1913 and 1938. Designed by James Earle Fraser, the coin features:
- Obverse: A Native American profile.
- Reverse: An American buffalo, symbolizing the nation’s heritage.
In 1937, at the Denver Mint, over-polishing of the dies inadvertently removed the buffalo’s front right leg, creating the iconic three-legged appearance. This effort to fix die damage instead resulted in one of the most famous minting mistakes in U.S. history.
Why Is this So Valuable?
Several factors contribute to the coin’s immense value:
- Unique Error: The missing leg sets this coin apart from millions of other Buffalo Nickels.
- Historical Significance: It’s a prominent example of early 20th-century minting challenges.
- Limited Availability: Only a small number of three-legged variations were released.
- Condition and Grade: High-grade specimens are rare and highly sought after by collectors.
How Much Is it Worth?
The coin’s value varies based on its condition or grade. Here’s an approximate price guide:
| Grade | Approximate Value |
|---|---|
| Fine (F-12) | $600 – $800 |
| Very Fine (VF-20) | $1,000 – $1,500 |
| Extremely Fine (EF-40) | $2,000 – $3,000 |
| About Uncirculated (AU-50) | $5,000 – $6,000 |
| Mint State (MS-63+) | $10,000 – $20,000+ |
Auction Highlights
In auctions, top-quality examples of this coin have sold for upwards of $50,000, making it a prized addition for serious numismatists.
How to Identify
To ensure you’ve found this rare coin, look for these features:
- Missing Front Leg: The buffalo’s front right leg is absent, with only a faint stump or outline visible.
- Die Polish Lines: Horizontal lines in the space where the leg should be.
- Mintmark “D”: Located below the buffalo on the reverse, indicating it was minted in Denver.
- Year “1937”: Clearly visible on the obverse.
Why Collectors Love this
This coin holds a special place in the world of numismatics for several reasons:
- Historical Value: It provides insight into the minting processes and challenges of the early 20th century.
- Unique Appearance: Its missing leg makes it easily recognizable and distinct.
- Investment Potential: The coin’s value has consistently appreciated, making it a valuable asset for collectors.
Preserving
If you own this rare coin, proper preservation is essential to maintain its value:
- Store in Coin Holders: Use acid-free holders or cases to protect the coin from dirt, moisture, and scratches.
- Avoid Cleaning: Cleaning can damage the coin’s surface and significantly reduce its value.
- Professional Grading: Have the coin authenticated and graded by reputable services like PCGS or NGC.
The 1937-D Three-Legged Buffalo Nickel is a remarkable piece of U.S. minting history. From its accidental error to its enduring appeal among collectors, this coin remains a symbol of the unpredictable treasures within coin collecting.
Whether you’re a seasoned numismatist or a beginner, this rare nickel is worth knowing about—and if you’re lucky enough to own one, it might just be a fortune waiting to be uncovered.
FAQs
What is the 1937-D Three-Legged Buffalo Nickel?
A Buffalo Nickel minted in Denver with an error missing the buffalo’s front right leg.
Why is this coin valuable?
Its unique minting error, historical significance, and rarity make it highly valuable.
How much is a 1937-D Three-Legged Buffalo Nickel worth?
Depending on condition, values range from $600 to over $50,000.
How do I identify this coin?
Look for the missing front leg, ‘D’ mintmark, and the year 1937 on the obverse.
Should I clean my Three-Legged Buffalo Nickel?
No, cleaning can damage the coin and reduce its value significantly.
