The 1937-D Buffalo Nickel with Doubled Die is a prized possession among numismatists, renowned for its distinct error that significantly boosts its value.
With collectors and investors vying for such rare coins, this fascinating piece of history has sold for as much as $100,000 at auctions.
Here’s an in-depth look at why this coin is so valuable, the details of its error, and how you can identify it.
What Is the 1937-D Buffalo Nickel with Doubled Die?
The 1937-D Buffalo Nickel is a five-cent coin minted at the Denver Mint. This particular coin is famous for its doubled die error, a rare mistake that occurs during the minting process.
Doubling is most evident on the front (obverse) of the coin, particularly in the inscriptions and numbers.
The Buffalo Nickel series, minted from 1913 to 1938, features a Native American profile on the obverse and a buffalo (or American bison) on the reverse.
The 1937-D version with a doubled die error is one of the most sought-after coins in this series.
Key Features of the 1937-D Buffalo Nickel
| Feature | Details |
|---|---|
| Mint Year | 1937 |
| Mint Mark | “D” (Denver Mint) |
| Material | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.2 mm |
| Unique Error | Doubled Die on the obverse |
| Estimated Value | Up to $100,000 |
What Makes This Nickel So Valuable?
The value of the 1937-D Buffalo Nickel with Doubled Die lies in its rarity, historical significance, and the visibility of its error. Below are the main factors contributing to its immense worth:
- Rarity
- The doubled die error is extremely rare, with only a few examples known to exist. This rarity drives demand and increases the coin’s value.
- Historical Significance
- As one of the last years in the Buffalo Nickel series, the 1937-D holds historical value for collectors interested in early 20th-century American coinage.
- Error Visibility
- The doubling is most prominent in the date “1937” and the words “LIBERTY”, making it a visually striking and easily identifiable error.
- Auction Records
- Coins with this error have fetched significant sums at auctions, with pristine specimens graded MS66 or higher commanding prices upwards of $100,000.
- Condition
- Coins in Mint State (MS) condition or those certified by grading agencies like PCGS or NGC typically sell for much higher amounts.
How to Identify the 1937-D Buffalo Nickel with Doubled Die
Spotting this rare error requires close inspection and, in some cases, magnification. Here’s how you can identify it:
- Doubling in the Date: Look at the “1937” on the obverse. Clear doubling is visible, particularly in the “1” and “9.”
- Doubling in LIBERTY: The word “LIBERTY” shows noticeable doubling, which is a hallmark of this error.
- Mint Mark: Ensure the coin has a “D” mint mark, indicating it was produced at the Denver Mint.
- Certification: Have the coin professionally graded to confirm its authenticity and condition.
Recent Auction Sales
The table below outlines some notable sales of the 1937-D Buffalo Nickel with Doubled Die:
| Grade | Sale Price | Auction Year |
|---|---|---|
| MS66 | $104,650 | 2022 |
| MS65 | $76,375 | 2021 |
| AU58 | $42,300 | 2019 |
| XF45 | $15,000 | 2018 |
The 1937-D Buffalo Nickel with Doubled Die is a remarkable example of how a minting error can transform an ordinary coin into a highly valuable collector’s item. Its rarity, distinct error, and historical significance make it a must-have for serious numismatists.
Whether you’re an avid collector or a curious enthusiast, this coin represents a fascinating chapter in American coinage history. Keep an eye out—finding one could be a life-changing discovery!
FAQs
Why is the 1937-D Buffalo Nickel with Doubled Die so rare?
The error occurred during a single production batch at the Denver Mint, and only a limited number of these coins were released.
How can I check if my 1937-D Buffalo Nickel is valuable?
Look for the doubled die error on the date and LIBERTY. Certification by a professional grading service will confirm its value.
What is the highest price paid for this coin?
A high-grade specimen of the 1937-D Buffalo Nickel with Doubled Die sold for over $100,000 at auction.
