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Friday, December 30, 2011

The famous Buffalo!


This is one of the most well known coins with collectors. It is the famed buffalo nickel that many coins have been modeled after. From gold $50.00 coins to silver $1.00 coins to private mint coins this is a very well known coin. The history of these coins is pretty complex. In 1913, the first year of production, these coins went through a design change. The buffalo was on a mound which ment the "Five Cents" part would be worn away much faster than if it was on the straight line it was redesigned to be on. During the entire production time there were a few errors such as doubled dies and missing legs but relatively few. This coin is error free and worth about $1.25 in G-4 and VG-8. Most high grade Buffalo Nickels are scarce due to being worn down during the Great Depression making them worth at least $22.00 in MS-60 although they can go for $5,000.00 for the 1926-S.

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