Buffalo Nickels, also known as Indian Head Nickels, are a favorite among coin collectors due to their historical significance and unique design. The 1935 Buffalo Nickel is especially popular, with numerous variations that can affect its value.
Historical Context
The Buffalo Nickel was introduced in 1913 to replace the Liberty Head Nickel. Designed by sculptor James Earle Fraser, the obverse features a Native American profile, while the reverse showcases an American bison, often referred to as a buffalo.
The 1935 Buffalo Nickel is one of the last in the series, as the design was replaced in 1938 by the Jefferson Nickel. Collectors cherish these coins not only for their artistic design but also for their representation of American history.
Buffalo Nickel Design
The obverse features a composite of three Native American leaders: Chief Iron Tail, Chief Two Moons, and Chief John Big Tree. The reverse displays an American bison, commonly referred to as a buffalo, standing on a mound.
The Buffalo Nickel is composed of 75% copper and 25% nickel, weighing 5 grams with a diameter of 21.2 mm. The absence of reeds around the edge gives the coin a smooth finish.
1935 Buffalo Nickel Values Chart
The value of a 1935 Buffalo Nickel can vary greatly depending on its condition and mint mark. Below is a value chart that provides estimated ranges based on different conditions:
| Condition | No Mint Mark | D Mint Mark | S Mint Mark |
|---|---|---|---|
| Good | $1.00 – $2.00 | $1.00 – $2.00 | $1.50 – $3.00 |
| Fine | $2.00 – $4.00 | $2.50 – $5.00 | $3.00 – $6.00 |
| Extra Fine (XF45) | $5.00 – $10.00 | $6.00 – $12.00 | $8.00 – $15.00 |
| About Uncirculated (AU) | $10.00 – $20.00 | $12.00 – $25.00 | $15.00 – $30.00 |
| Brilliant Uncirculated (BU) | $25.00 – $50.00 | $30.00 – $60.00 | $40.00 – $75.00 |
| MS66 | $150.00 – $200.00 | $200.00 – $250.00 | $250.00 – $300.00 |
Rare Issues and Error Coins
Some Buffalo Nickels from 1935 have errors, making them more valuable to collectors. Known errors include:
Double Die Obverse
This error results in a doubling effect on the date or other features on the obverse.
3-Legged Buffalo
This error is not found in 1935 but is commonly confused with it. Always verify the date to avoid misidentification.
Over Mint Marks
Coins with over mint marks can be quite valuable.
Values for error coins can range significantly, often fetching prices from $100 to several thousand dollars depending on rarity and condition.
How to Identify a Valuable 1935 Buffalo Nickel
To determine the value of a 1935 Buffalo Nickel, consider the following:
- Condition: Coins in better condition will fetch higher prices.
- Mint Mark: Be aware of the mint mark location, which can be found below the denomination on the reverse side.
- Errors: Look for known errors and verify authenticity.
The most valuable 1935 Buffalo Nickels are those with rare errors or in pristine condition, particularly those with the “S” mint mark. Collectors should always authenticate coins with rare features to ensure they are genuine.
In conclusion, the 1935 Buffalo Nickel remains a highly collectible piece, with values influenced by condition, mint mark, and potential errors. Whether you’re a seasoned collector or a newcomer, understanding these nuances can greatly enhance your appreciation and valuation of these historical coins.