Introduction
The 1938-D Buffalo Nickel marks a large and nostalgic bankruptcy in American numismatics. Struck at the Denver Mint, this coin isn’t always best the very last problem within the beloved Buffalo Nickel series (1913–1938) but also a nostalgic farewell to one of the most iconic and inventive designs ever seen on U.S. Currency.
With its traditional imagery of a Native American chief at the obverse and a effective American bison at the reverse, the Buffalo Nickel has earned a mythical repute among creditors. And the 1938-D edition, with its low mintage and historical importance, is a prized gem worth owning these days.
This article delves into the charming records, layout, rarity, and fee of the 1938-D Buffalo Nickel, making it a have to-observe for lenders and enthusiasts alike.
The History of the Buffalo Nickel
Designed by way of sculptor James Earle Fraser, the Buffalo Nickel capabilities a stoic Native American profile at the obverse and a effective American bison on the reverse. Fraser’s design become modern in its departure from classical European imagery. The Native American composite portrait based on numerous actual-lifestyles individuals and the effective bison (inspired by Black Diamond, a bison within the Bronx Zoo) together captured the rugged spirit of the American West.
When it debuted in 1913, the coin turned into each admired and debatable. Though visually lovely, its intricate info have been susceptible to wear, specially the date and denomination. This caused issues about its toughness in move and, sooner or later, its substitute.
Why the 1938-D Buffalo Nickel Is So Special
- Final Year of Production: 1938 was the last year the Buffalo Nickel was minted before the U.S. Mint transitioned to the Jefferson Nickel.
- Only Minted in Denver: No Buffalo Nickels were struck in Philadelphia or San Francisco in 1938—only in Denver making this issue more exclusive.
- Low Mintage: With just 7,020,000 coins produced, it’s one of the lower-mintage coins in the series.
The 1938-D Buffalo Nickel: Rarity and Production
The 1938-D Buffalo Nickel was produced only at the Denver Mint, with a comparatively low mintage of 7,020,000 pieces. Although not the lowest in the series, the fact that it is the last year it was produced makes it a valuable coin among collectors.
Key Details:
| Aspect | Details |
|---|---|
| Mintage | 7,020,000 |
| Mint Mark | “D” for Denver |
| Composition | 75% copper, 25% nickel |
| Diameter | 21.2 mm |
| Weight | 5 grams |
The “D” mint mark of the Denver Mint seems on the lower back of the coin, below the inscription “FIVE CENTS.
Value of the 1938-D Buffalo Nickel
The price of the 1938-D Buffalo Nickel ranges from low, based on circulated grades, which are generally low cost, yet accessible to those who are starting their coin collections.
However, uncirculated or proof-like coins receive extremely high premiums based on the relative rarity and freshness of these pieces.
Estimated Values:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $1.50 – $3.00 |
| Fine (F-12) | $5.00 – $7.50 |
| Extremely Fine (EF-40) | $10.00 – $20.00 |
| Mint State (MS-60) | $25.00 – $40.00 |
| Mint State (MS-65+) | $100.00 – $500.00+ |
Coins with high grades, licensed with the aid of respected grading organizations together with PCGS or NGC, can deliver more than $1,000, particularly the ones proposing complete steps on the bison’s horns.
Significance of the 1938-D Buffalo Nickel
This coin is mainly symbolic, representing the quit of a beloved design that honored American background. Its retirement made way for the Jefferson Nickel, with U.S. Coin design changing to historical figures in place of iconic pictures.
For collectors, the 1938-D Buffalo Nickel has a double appeal: its area in records and its status as the closing of the Buffalo Nickel series. It’s additionally considered a cornerstone for collectors who’re setting up a set of Buffalo Nickels.
Tips for Collectors
- Authenticate: Verify your coin is authentic by obtaining a professional grade or through a dealer.
- Condition Matters: The coin’s grade significantly affects its value. Look for details like the bison’s tail and the Native American’s features.
- Storage: Keep your coin safe from damage by storing it in a professional-grade holder or album.
Conclusion
The 1938-D Buffalo Nickel isn’t simply another collectible it’s a image of a bygone era, a picture of America’s inventive and cultural heritage. As the remaining of its kind, it holds a unique place in the hearts of creditors and historians alike. Whether you’re a pro numismatist or a brand new enthusiast, proudly owning a 1938-D Buffalo Nickel is like keeping a piece of American legacy inside the palm of your hand. A modest investment today should end up an extraordinary treasure the next day.
FAQ’s
How can I become aware of a authentic 1938-D Buffalo Nickel?
Look for the “D” mint mark beneath the denomination “FIVE CENTS” at the reverse. Consult a coin expert for authentication.
What makes the 1938-D Buffalo Nickel treasured?
Its price stems from its historic significance, low mintage, and situation. High-grade cash and people with unique mistakes can command premium costs.
Is the 1938-D Buffalo Nickel the rarest within the collection?
No
