Finance

$350,000 Treasure: The 1937 Three-Legged Buffalo Nickel and the Error That Made It Priceless

Discover the story of the 1937-D Three-Legged Buffalo Nickel, a rare coin worth up to $350,000 due to a mint error. Learn how to identify, care for, and potentially profit from this historical treasure. With insights from numismatic experts, this guide will fascinate both seasoned collectors and curious beginners

By Vophie Wilson
Published on

Rare coins have always fascinated collectors and investors, and few are as captivating as the 1937-D Three-Legged Buffalo Nickel. This coin, born of an error at the Denver Mint, has become a symbol of how mistakes can sometimes lead to incredible value. But what exactly makes this coin so special, and why is it worth as much as $350,000? Let’s dive into the fascinating story behind this collectible gem.

$350,000 Treasure
$350,000 Treasure

The 1937 Three-Legged Buffalo Nickel and the Error That Made It Priceless:

Key DetailsInformation
Coin Name1937-D Three-Legged Buffalo Nickel
MintDenver Mint
Unique FeatureMissing front right leg on the buffalo due to die polishing error
Estimated Value$2,700 to $350,000, depending on condition
Most Recent Auction Price$99,875 for a high-quality specimen in 2021
Reason for RarityLimited number produced due to mint error
Learn MoreOfficial U.S. Mint Website

The 1937-D Three-Legged Buffalo Nickel is more than just a coin; it’s a piece of history and a testament to the allure of mint errors in numismatics. Its rarity, unique design flaw, and significant market value make it a dream find for collectors and investors alike. Whether you’re a seasoned numismatist or just starting, this coin serves as a reminder that treasures often come with a story.

What Is the 1937-D Three-Legged Buffalo Nickel?

The Buffalo Nickel series, minted from 1913 to 1938, is one of the most iconic coin designs in U.S. history. The obverse side features a Native American profile, while the reverse showcases a bison, commonly referred to as a buffalo. The 1937-D variant stands out because of a minting error that resulted in the buffalo appearing to have only three legs.

This error was caused by excessive polishing of the coin’s die—a tool used to stamp the coin design onto blank metal disks. Mint workers tried to fix a defect in the die, but in doing so, they accidentally removed the buffalo’s front right leg. The result? A highly collectible coin that has captured the imagination of numismatists for decades.

Why Is This Coin So Valuable?

The value of the 1937-D Three-Legged Buffalo Nickel lies in its rarity, historical significance, and the sheer novelty of the error. Here are the key factors that contribute to its high worth:

1. Rarity

Only a small number of these coins were minted before the error was discovered and corrected. This limited supply has made it one of the most sought-after coins in U.S. history.

2. Condition Matters

Coins in better condition fetch higher prices. For example:

  • Circulated examples: $2,700 to $5,700.
  • Mint-state examples: $30,000 to $99,875 or more.
  • Exceptional specimens: Up to $350,000 at auctions.

3. Collector Demand

Coin collectors love unique pieces, and the Three-Legged Buffalo Nickel checks all the boxes for rarity, story, and design error.

How to Identify a 1937-D Three-Legged Buffalo Nickel

If you think you’ve stumbled upon one of these rare coins, here’s how you can confirm its authenticity:

1. Look at the Buffalo’s Legs

  • The front right leg will be completely missing, while the left leg appears slightly elongated.

2. Check the Date and Mint Mark

  • The coin should display the year “1937” and have a “D” mint mark below the buffalo on the reverse side, indicating it was produced in Denver.

3. Examine Under Magnification

  • Authentic coins often show die polishing marks near the buffalo’s missing leg.

If you’re unsure, have the coin evaluated by a professional numismatist or a reputable grading service like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation).

How to Care for Valuable Coins

Once you’ve identified a rare coin like the 1937-D Three-Legged Buffalo Nickel, proper care is essential to maintain its value. Here are some tips:

  1. Use Protective Cases: Store your coins in airtight holders to prevent damage.
  2. Avoid Touching the Surface: Always handle coins by the edges to avoid fingerprints.
  3. Keep Away from Moisture: Store in a cool, dry place with low humidity.
  4. Consult Experts: For cleaning or restoration, always seek professional help. Never attempt to clean a coin yourself as it can decrease its value.

Texas SNAP 2025 Increase: When will the COLA 2025 adjustment take effect?

House Moves to Expand Certain Social Security Benefits – Here’s What You Need to Know

Could You Be Holding $23 Million in Coins? 6 Rare Dimes and a Bicentennial Quarter Are Still in Circulation!

Frequently Asked Questions (FAQs)

1. How many 1937-D Three-Legged Buffalo Nickels exist today?

The exact number is unknown, but estimates suggest only a few thousand remain, making them extremely rare.

2. Can I find one in circulation?

While it’s highly unlikely, checking older coin collections or estate sales might yield a lucky discovery.

3. How can I sell my 1937-D Three-Legged Buffalo Nickel?

  • Auction houses like Heritage Auctions or Stack’s Bowers are ideal for high-value coins.
  • Online platforms such as eBay or NumisBids can also attract buyers, but proceed with caution.

4. Are there other valuable Buffalo Nickels?

Yes! Notable examples include:

  • 1916 Doubled Die Obverse
  • 1918/7-D Overdate
Author
Vophie Wilson

Leave a Comment