In an incredible turn of events, a rare Buffalo Nickel discovered tucked away in a grandfather’s old toolbox has been appraised at a jaw-dropping $95,000.
What seemed like an ordinary old coin turned out to be one of the rarest and most sought-after versions of the Buffalo Nickel series, setting the numismatic world abuzz.
This exciting discovery highlights the hidden treasures that may still exist in garages, toolboxes, and drawers across the country. Let’s take a closer look at what makes this particular Buffalo Nickel so valuable, its features, and how you can identify if you might have one too.
The Story Behind the Discovery
While cleaning out his late grandfather’s garage in Ohio, a man stumbled upon a rusty old toolbox packed with nails, screws, and miscellaneous small parts.
Amidst the clutter, a coin caught his eye—a worn yet distinctly recognizable Buffalo Nickel. After having it appraised by experts, it was confirmed to be a rare 1918/7-D Buffalo Nickel Overdate—one of the most valuable coins in the series.
Why Is This Buffalo Nickel Worth $95,000?
The specific coin found is a 1918/7-D Buffalo Nickel, a famous error coin. The “7” from 1917 was mistakenly struck over with an “8” in 1918 at the Denver Mint, creating a distinct overdate error that collectors highly prize.
Key Features That Make It Valuable:
- Overdate Error: Visible doubling where the “7” is seen under the “8” in the date.
- Mintmark: The small “D” mintmark under “FIVE CENTS” indicating it was minted in Denver.
- Scarcity: Very few high-quality specimens exist today.
- Condition: Despite some wear, this particular coin retained enough detail to command a high value at auction.
Important Details About the Rare Buffalo Nickel
| Feature | Details |
|---|---|
| Coin Type | Buffalo Nickel (Indian Head Nickel) |
| Date | 1918/7-D (Overdate Error) |
| Mint | Denver (D Mintmark) |
| Composition | 75% Copper, 25% Nickel |
| Estimated Auction Value | $95,000 (depending on condition) |
| Key Identifying Feature | Visible “7” under “8” in the date |
What Is a Buffalo Nickel?
The Buffalo Nickel, also known as the Indian Head Nickel, was minted from 1913 to 1938. Designed by James Earle Fraser, the obverse features a profile of a Native American, while the reverse shows an American bison.
Buffalo Nickels are prized not only for their design but also for their connection to American history and culture. However, error coins and certain low-mintage years, like the 1918/7-D, are especially valuable.
How to Identify a Valuable Buffalo Nickel
If you have old Buffalo Nickels lying around, check for these signs:
- Overdate Errors: Look carefully at the date for any signs of doubling or misstruck numbers.
- Mintmarks: A “D” (Denver) or “S” (San Francisco) can increase a coin’s value.
- Condition: Coins with sharp details and minimal wear fetch higher prices.
- Special Editions: Key dates like 1913-S Type 2, 1918/7-D, and 1937-D Three-Legged Buffalo are particularly valuable.
The incredible discovery of a $95,000 Buffalo Nickel in an old toolbox is a reminder that valuable treasures can be hiding in the most unexpected places.
The 1918/7-D Overdate Buffalo Nickel stands out as one of the most famous and desirable coins among collectors. If you have old coins at home, it might be time to dust them off and take a closer look—you might just be sitting on a small fortune!
FAQs
How rare is the 1918/7-D Buffalo Nickel?
It is extremely rare, especially in fine or better condition. Only a few hundred quality examples are known to exist today.
What is the best way to authenticate a rare Buffalo Nickel?
Consult a professional grading service like PCGS or NGC to verify authenticity and grade the coin for maximum value.
Can circulated Buffalo Nickels without errors still be valuable?
Yes, certain years and mintmarks can still be worth significant amounts even in lower grades.