1917-S Buffalo Nickel: A Rare and Historical Coin
Buffalo Nickel collectors recognize the 1917-S type as a desirable coin gem. Its unfrequent creation together with historical significance of the 1917-S Buffalo Nickel makes it a rare piece. Collectors place the 1917-S Buffalo Nickel in their top picks because it emerged from the San Francisco Mint during 1917.
History and Background
The Buffalo Nickel, also known as the Indian Head Nickel, was designed in 1913 by renowned designer James Earle Fraser.
- The obverse of the coin features an inclusive image of Native American chiefs.
- The reverse features an American bison, symbolizing America’s rich wildlife and Native American culture.
In 1917, the San Francisco Mint produced 4,193,000 Buffalo nickels. This number may seem high, but these coins suffered significant damage over time, making this coin extremely rare today. This is because many coins were worn, destroyed, or melted in circulation.
Rarity and Mintage of the 1917-S Buffalo Nickel
The following was the number of Buffalo nickels produced by various mints in 1917:
| Mint Location | Mintage | Mint Mark |
|---|---|---|
| Philadelphia | 51,424,029 | None |
| Denver | 9,910,800 | D |
| San Francisco | 4,193,000 | S |
What makes this coin worth more?
1. Coin Condition and Grading
The value of a coin depends on its quality. Coins are graded in the following categories:
- Good condition (G-4): The coin shape is recognizable, but very worn.
- Fair condition (F-12): Slightly less worn, some details are clearly visible.
- Excellent condition (EF-40): Light wear, but most of the design is clearly visible.
- Uncirculated (MS-60 to MS-70): A brand new coin, with no visible wear.
Important sales records:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $30 |
| Fine (F-12) | $86 |
| Extremely Fine (EF-40) | $221 |
| Uncirculated (MS-60) | $1,034 |
| Mint State (MS-66) | $6,275 |
| Mint State (MS-67) | $62,250 |
In July 2008, an MS-67 grade 1917-S Buffalo Nickel sold for $138,000 (approximately Rs. 1.14 crores) at Heritage Auctions! This shows how valuable high-quality rare coins can be as an investment.
2. Rarity and Surviving Numbers
Even though 4.19 million pieces of this coin were minted, it is currently estimated that only 4,500 coins exist in any grade. Of these:
- About 800 coins are in MS-60 or better condition.
- Only 200 coins are in MS-65 or better grade.
In this way, coins that have survived in good condition remain in great demand in the market.
3. Historical Significance
The 1917-S Buffalo Nickel is an important symbol of America’s western expansion and Native American culture. This coin is not just a piece of metal, but a living proof of history, which makes it extremely attractive to both collectors and historians.
If you want to buy this coin, pay attention:
Authenticity Check:
Since this coin is very rare and expensive, there is a risk of counterfeit coins (forgery). Before buying it, make sure to get it authenticated from certified grading agencies like PCGS (Professional Coin Grading Service) or NGC (Numismatic Guaranty Corporation).
Keep an eye on price and market trends:
The prices of coins keep fluctuating according to the demand and supply of the market. If you want to invest in this coin, keep checking numismatic magazines and auction records regularly.
Protection and care:
If you have this rare coin, it is important to protect it well. Use a plastic holder that can protect the coin from moisture, dust, and other environmental factors.
Frequently Asked Questions (FAQs)
1. Why is the 1917-S Buffalo Nickel so rare?
Few copies of this coin came from the San Francisco Mint and surviving examples of it in decent condition prove difficult to find in present times.
2. What to do to identify a fake coin?
Fake coins usually show differences in weight, design details, and metal composition. The best way is to get it checked by a professional authentication service.
Conclusion
The 1917-S Buffalo Nickel holds the status of a historical treasure beyond being a mere coin. Due to its limited supply and historical worth and substantial value in the market collectors find this piece exceptionally unique. Protect your possession of this coin and conduct thorough analysis before purchasing it to verify its real nature and grading standards.