In addition to being an old coin, the 1937-D Three-Legged Buffalo Nickel is a fantastic illustration of a historical error that has since been transformed into a priceless gem. Because one of the buffalo’s front legs is missing, this coin has a significant place in American minting history and is extremely valuable due to this error.
How This Mistake Happened: The Story of a Minting Error
In 1937, the Denver Mint was producing buffalo nickels. Mint employees overpolished an old die while cleaning it, which resulted in the complete disappearance of the buffalo’s right front leg on the coin’s reverse side. In addition to being a technical error, this coin’s historical significance made it invaluable.
Due to this error, very few coins were made, and they are extremely uncommon even now. They are unique because of this fact.
How to identify it?
Check the reverse side of your 1937-D Buffalo nickel to determine what it is. In this particular version, only three of the buffalo’s four legs are clearly visible.
- Left front leg
- Both rear legs
The right front leg is completely missing. Apart from this, the coin also has a “D” mintmark which indicates the Denver Mint.
Pricing: What factors affect the price?
The price of the 1937-D Three-Legged Buffalo Nickel depends on a few key factors:
- Grade of the coin: The better preserved it is, the more valuable it will be.
- Rarity: It is estimated that only 10,000 or fewer of these coins have survived.
- Demand: The strong demand from collectors around the world keeps its market value high.
Estimated value by grades
| Grade | Estimated value (in USD) |
|---|---|
| Fine (F-12) | $500 – $1,000 |
| Very Fine (VF-20) | $1,000 – $2,000 |
| Extremely Fine (XF-40) | \$2,000 – \$5,000 |
| About Uncirculated (AU-50) | \$5,000 – \$10,000 |
| Mint State (MS-60) | \$10,000 – \$20,000 |
| Jam Mint State (MS-65) | \$50,000 – \$100,000 |
It is clear from this table that as the grading improves, the coin’s price jumps significantly.
Record-breaking prices at auction
An MS66 plus 1937-D Three-Legged Buffalo nickel was auctioned in 2021 to an estimated value of almost 100,000 dollars. This is the illustration of the potential value of the coin which has not been repainted. Clients across most corners of the world are hosted in such coin auctions.
Tips for collectors
Get Authenticated
Since this coin is a popular coin, there is likelihood of counterfeits also on the market. Consequently, when you consider purchasing to sell or even purchase it, your compulsory task is to have it be checked by a certified grading company (PCGS or NGC).
Store properly
It is important to protect any rare coin from moisture, heat and scratches. For this, you can use an acid-free holder or coin case.
Keep an eye on the market
Periodically monitor auction results, dealer advertisements and Internet forums. This will make you aware of what its current value is and you will be able to sell it very conveniently in time.
Conclusion: A Coin That Represents Both History and Value
The 1937-D Three-Legged Buffalo Nickel is a historical heirloom that has grown in value and respect over time, rather than merely being the product of a minting error. It is a remarkable coin because of its distinctive design, scarcity, and rising demand from collectors.
FAQs
Q1. What is the 1937-D Three-Legged Buffalo Nickel?
It’s a rare U.S. coin with a minting error that shows the buffalo with only three visible legs.
Q2. Why is one leg missing on the buffalo?
The front right leg was accidentally removed due to excessive polishing of the coin die.
Q3. How many of these coins exist today?
Fewer than 10,000 are believed to have survived, making it highly rare.
Q4. How much is a 1937-D Three-Legged Buffalo Nickel worth?
Depending on condition, it can be worth anywhere from $500 to over $100,000.
Q5. How can I verify if my coin is authentic?
Get it evaluated by a certified grading service like PCGS or NGC.
