Buffalo nickels, officially known as Indian Head nickels, are a staple in American coin collecting. Minted from 1913 to 1938, these five-cent coins feature a Native American portrait on the obverse and an American bison on the reverse. Over time, certain editions of the Buffalo nickel have become extraordinarily valuable, with collectors paying thousands — even hundreds of thousands — of dollars for rare specimens.
Here’s a look at some of the most valuable Buffalo nickels ever discovered, ranked from least to most expensive. Whether you’re a seasoned collector or just curious about what might be hiding in your change jar, this list could lead you to a small fortune.
8. 1926-D Buffalo Nickel – Approx. Value: $533+
At first glance, the 1926-D doesn’t appear special. But it’s one of the lower-mintage issues from the Denver Mint, and most surviving coins are in poor condition. High-grade examples can fetch over $500, while heavily worn versions still sell for $10–$15. The strike quality was generally weak that year, which makes sharply struck examples even more desirable.
For coin grading guidelines, visit the U.S. Mint’s educational resources.
7. 1917-S Buffalo Nickel – Approx. Value: $138,000
Minted in San Francisco, the 1917-S nickel is relatively common in lower grades but extremely scarce in uncirculated condition. Its value skyrockets in Mint State, and pristine examples have been sold at auction for up to $138,000.
6. 1913-D Buffalo Nickel (Type 2) – Approx. Value: $143,750
In 1913, the Buffalo nickel was minted with two reverse designs. Type 1 shows the bison standing on a raised mound, while Type 2 features a flatter plain with the inscription “FIVE CENTS” recessed into the design to prevent wear. The 1913-D Type 2 is a key coin in the series, especially in high grades, where values exceed $140,000.
To learn more about mint mark locations and design types, visit The Smithsonian’s National Numismatic Collection.
5. 1916 Doubled Die Obverse Buffalo Nickel – Approx. Value: $281,750
This dramatic error coin features clear doubling of the date and other obverse elements. It’s one of the most sought-after varieties among collectors. In excellent condition, this coin has sold for nearly $282,000.
Doubled die coins are caused when the die (used to strike coins) is engraved with doubled images, resulting in a coin that appears blurry or shadowed in certain areas.
4. 1926-S Buffalo Nickel – Approx. Value: $322,000
With only 970,000 coins minted, the 1926-S is among the lowest-mintage Buffalo nickels. This rarity, coupled with its scarcity in well-preserved condition, makes it a top-tier collector’s item. Some Mint State examples have crossed the $320,000 mark at auction.
For auction records and authentication, visit Professional Coin Grading Service (PCGS).
3. 1918/7-D Overdate Buffalo Nickel – Approx. Value: $350,750
One of the most famous error nickels, the 1918/7-D was created when a 1917 die was repurposed and struck with the 1918 date — but the underlying ‘7’ is still visible beneath the ‘8’. This overdate is incredibly rare and has fetched over $350,000 in Mint State.
Collectors regard this coin as a “must-have” for serious Buffalo nickel enthusiasts.
2. 1920-D Buffalo Nickel – Value: Varies Widely (up to $200,000+)
While not as well-known as other entries on this list, the 1920-D is scarce in high grades. With fewer than 10 million minted, and most examples well-worn, a fully struck, problem-free specimen can command six-figure prices.
1. 1913 Liberty Head Nickel (Olsen Specimen) – Value: Over $3.7 Million
Although technically not a Buffalo nickel, the 1913 Liberty Head nickel earns an honorary mention due to its extraordinary value. Only five examples are known to exist, and the famed “Olsen Specimen” has been sold for over $3.7 million. This coin’s mystique and rarity have made it a legend in the numismatic world.
Learn more about rare U.S. coins from the American Numismatic Association.
What Makes a Buffalo Nickel Valuable?
Several key factors determine a Buffalo nickel’s worth:
- Date and Mint Mark: Coins from certain years and mints are rarer than others.
- Condition: Uncirculated coins or those graded Mint State (MS) fetch the highest prices.
- Errors and Varieties: Doubled dies, overdates, and other minting errors dramatically increase value.
- Mintage Numbers: The fewer coins made, the rarer and more valuable they tend to be.
If you’re unsure whether your Buffalo nickel is valuable, consult a certified coin dealer or submit it for grading through PCGS or the Numismatic Guaranty Company (NGC).
Final Thoughts
Buffalo nickels remain a favorite among collectors due to their bold design and historical charm. While most are worth only a few dollars, some rare editions could be hiding in old jars or inherited collections — and may be worth a small fortune.
Whether you’re collecting for passion or profit, these coins offer a glimpse into America’s past and a potential windfall in your pocket.
Vikas is a seasoned finance writer with a keen eye for unraveling complex global financial systems. From government benefits to energy rebates and recruitment trends, he empowers readers with actionable insights and clarity. When he’s not crafting impactful articles, you can find him sharing her expertise on Social Media. You can connect with him via email at [email protected].
