Find the 1937-D Three-Legged Buffalo Nickel Still in Circulation and Valued at $99,875
The 1937-D Three-Legged Buffalo Nickel stands as one of the most intriguing and sought-after coins in American numismatic history.
This unique minting error has captivated collectors for decades, not only due to its rarity but also because of the fascinating story behind its creation.
The Genesis of the Three-Legged Buffalo
In 1937, at the Denver Mint, an overzealous attempt to polish a worn reverse die led to the accidental removal of the buffalo’s front foreleg.
This meticulous polishing was intended to eliminate clash marks but inadvertently erased the leg, resulting in the distinctive “three-legged” appearance.
The error went unnoticed initially, allowing these coins to enter circulation before the mistake was identified.
Identifying the 1937-D Three-Legged Buffalo Nickel
Recognizing this rare coin involves observing specific features:
- Missing Front Leg: The buffalo’s right front leg is conspicuously absent, leaving only a stump and hoof.
- Die Polishing Marks: Excessive polishing resulted in a “moth-eaten” appearance on the back leg and a subtle “stream” beneath the buffalo’s belly.
- Mint Mark: A ‘D’ mint mark, indicating the Denver Mint, is located below the words “FIVE CENTS” on the reverse side.
Current Market Value and Record Sales
The value of the 1937-D Three-Legged Buffalo Nickel varies based on its condition:
| Grade | Estimated Value Range |
|---|---|
| Good (G-4) | $400 – $600 |
| Fine (F-12) | $700 – $1,000 |
| Extremely Fine (EF-40) | $1,500 – $2,500 |
| Uncirculated (MS-60) | $3,000 – $5,000 |
| Mint State (MS-65) | $10,000 – $15,000 |
Notably, a specimen graded MS-66+ fetched an impressive $99,875 at auction, underscoring the coin’s significant value among collectors.
The Rarity and Appeal of the Three-Legged Nickel
While the exact number of these error coins produced remains uncertain, it’s believed that thousands entered circulation before the error was detected.
Today, the 1937-D Three-Legged Buffalo Nickel is considered scarce, especially in higher grades, making it a prized possession for numismatists.
Tips for Collectors
For those interested in acquiring this unique piece:
- Authentication: Due to its value, the coin has been a target for counterfeiters. Ensure any potential purchase is authenticated by reputable grading services.
- Condition Assessment: The coin’s grade significantly impacts its value. Familiarize yourself with grading standards or consult with experts.
- Market Research: Stay informed about current market trends and recent auction results to make informed purchasing decisions.
The 1937-D Three-Legged Buffalo Nickel is more than just a minting error; it’s a testament to the rich tapestry of American coinage history.
Its unique characteristics and the story behind its creation continue to captivate collectors, making it a cherished artifact in the numismatic community.
FAQs
How did the 1937-D Three-Legged Buffalo Nickel come into existence?
The coin resulted from excessive die polishing at the Denver Mint, which inadvertently removed the buffalo’s front foreleg.
What features distinguish the 1937-D Three-Legged Buffalo Nickel?
Key identifiers include the missing right front leg, specific die polishing marks, and a ‘D’ mint mark below “FIVE CENTS” on the reverse.
What is the current value of the 1937-D Three-Legged Buffalo Nickel?
Values range from $400 in good condition to over $15,000 in mint state grades. A top-grade specimen sold for $99,875 at auction.
