$193,447 Worth of the 1913-D Type II Buffalo Nickel: What Makes It So Valuable?

Coin collecting can be a fun and rewarding hobby, especially when you find a rare coin hidden away. One such coin that has captured the attention of collectors is the 1913-D Type II Buffalo Nickel. This nickel is not just an ordinary coin – it can be worth up to $193,447 if it’s in great condition! This article will explain why the 1913-D Type II Buffalo Nickel is so valuable, how to spot one, and how to take care of it if you happen to find one.

The 1913-D Type II Buffalo Nickel: A Rare Treasure

The 1913-D Type II Buffalo Nickel is one of the most famous coins in U.S. numismatic history. It’s a special variation of the Buffalo Nickel that was designed by artist James Earle Fraser. This coin has become a must-have for collectors because of its limited mintage, historical significance, and artistic design.

The 1913-D Type II Buffalo Nickel was minted at the Denver Mint and is a rare find because only 4,156,000 coins were made. Over the years, many of these coins have been lost or damaged, making well-preserved versions even more valuable. Some of these coins have been sold at auction for impressive amounts—up to $193,447 in excellent condition.

Why is the 1913-D Type II Buffalo Nickel So Valuable?

There are several reasons why the 1913-D Type II Buffalo Nickel is so valuable. Here’s a breakdown of the key factors:

1. Limited Production: Only a small number of these coins were made, which increases their rarity. Since they were produced in 1913, many have been lost or worn out over the years.
2. Design Changes: The Type II Buffalo Nickel is a variation of the original Type I, which had design issues. The Type II was made to last longer by flattening the ground beneath the buffalo and recessing the “FIVE CENTS” inscription.
3. Historical Importance: The Buffalo Nickel is an iconic symbol of American history, with its design representing Native American culture and the American West. It features the profile of a Native American chief and a buffalo, making it not just valuable, but also significant to American heritage.
4. Condition: The condition of the coin plays a huge role in its value. Coins that are well-preserved, especially those graded MS-67 or MS-68, can fetch hundreds of thousands of dollars at auctions.

How to Identify a 1913-D Type II Buffalo Nickel

If you think you might have found a 1913-D Type II Buffalo Nickel, there are a few things to look for to make sure it’s the real deal:

1. Examine the Date and Mintmark: Check the front (obverse) of the coin for the year 1913. Then, turn the coin over to find a small “D” mintmark beneath the “FIVE CENTS” on the reverse side. This indicates the coin was minted in Denver.
2. Check the Type II Design: Look for a flat ground beneath the buffalo on the reverse side. Also, the “FIVE CENTS” inscription will be recessed into the coin, not raised like the Type I version.
3. Assess the Condition: Use a magnifying glass to inspect the details of the buffalo and the Native American portrait. Coins that are in excellent condition will have clear, sharp details, and no visible wear or damage.

Grading the 1913-D Type II Buffalo Nickel

The value of a 1913-D Type II Buffalo Nickel depends heavily on its condition. Coins are graded on a scale from 1 (poor condition) to 70 (perfect condition). Here are some common grades and their estimated values:

• G-4 (Good): $108
• VF-20 (Very Fine): $162
• AU-50 (About Uncirculated): $312
• MS-63 (Mint State Choice): $417
• MS-65 (Gem Mint State): $1,300
• MS-66 (High Gem): $2,110
• MS-67 (Superb Gem): $15,075
• MS-68 (Near Perfection): $143,750 or more

Coins graded at MS-67 or higher are extremely rare and are highly sought after by collectors. Factors like the coin’s original mint luster, sharpness of details, and lack of scratches or marks influence its grade.

Expert Tips for Coin Collectors

If you’re lucky enough to own a 1913-D Type II Buffalo Nickel, here are some tips to help you maintain its value:

1. Get Professional Grading: Getting your coin graded by a professional service like PCGS or NGC can increase its value. These services also help authenticate your coin.
2. Handle With Care: Always wear cotton gloves when handling the coin to avoid transferring oils or dirt from your fingers. Hold the coin by the edges to prevent scratches.
3. Store Properly: Keep your coin in a protective holder, like an acid-free coin flip or a hard plastic case. Store it in a dry, cool place, away from sunlight.
4. Stay Informed: Keep an eye on coin collecting news, market trends, and auction results. Coin values can fluctuate, and staying informed will help you understand when to sell or buy.

More About the Buffalo Nickel’s History

The Buffalo Nickel series ran from 1913 to 1938. The design was intended to honor Native American culture and the American West. The Native American chief on the obverse was based on three different chiefs, and the buffalo on the reverse was modeled after Black Diamond, a famous bison from the Central Park Zoo.

The Buffalo Nickel was replaced in 1938 due to production difficulties and the coin’s tendency to wear down quickly in circulation. Today, however, the coin remains an important part of America’s numismatic history.

Conclusion

The 1913-D Type II Buffalo Nickel is a rare and valuable coin that has captured the hearts of collectors. Its limited production, historical significance, and unique design make it one of the most coveted coins in American coinage. Whether you’re a seasoned collector or just starting, knowing how to identify and preserve this coin can be both a rewarding and profitable hobby. Keep your eyes open – you might just find a treasure hidden in your own collection!

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