The 1938-D Buffalo Nickel represents the end of an iconic chapter in U.S. coinage, marking the final year of the Buffalo Nickel series. Minted from 1913 to 1938, this coin features two distinct and memorable designs: a Native American’s profile on the obverse and a bison on the reverse, which symbolized the spirit of the American West.
As the last coin produced in the series, the 1938-D Buffalo Nickel, minted at the Denver Mint, holds special significance for collectors and numismatists. This article explores its history, rarity, and value, making it a valuable read for coin enthusiasts.
The History of the Buffalo Nickel
Introduced in 1913, the Buffalo Nickel was designed by sculptor James Earle Fraser to replace the Liberty Head Nickel. The design was meant to honor the American West and its native peoples, with the obverse featuring a Native American man’s profile and the reverse showcasing a majestic bison. This design quickly became one of the most beloved in U.S. coinage history.
The 1938-D Buffalo Nickel was the last in its series before the coin’s design was replaced with the Jefferson Nickel, which debuted later that year.
The 1938-D Buffalo Nickel: Rarity and Production
Minted only at the Denver Mint, the 1938-D Buffalo Nickel had a production run of 7,020,000 coins. Although this mintage isn’t the lowest in the series, the fact that it was the final year of production makes it particularly attractive to collectors.
Key Details:
- Mintage: 7,020,000
- Mint Mark: “D” for Denver
- Composition: 75% copper, 25% nickel
- Diameter: 21.2 mm
- Weight: 5 grams
The Denver Mint’s distinctive “D” mint mark can be found on the reverse of the coin, just below the denomination “FIVE CENTS.”
The Value of the 1938-D Buffalo Nickel
The value of the 1938-D Buffalo Nickel can vary depending on its condition. While circulated coins are more affordable and suitable for beginners, uncirculated or proof-like examples are much more valuable due to their rarity and superior condition.
Estimated Value Based on Grade:
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- 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 in the highest grades, particularly those certified by reputable grading services such as PCGS or NGC, can fetch prices well over $1,000, especially those with full details on the bison’s horns.
The Significance of the 1938-D Buffalo Nickel
The 1938-D Buffalo Nickel is not only a symbol of the American West but also a key piece in the transition to the Jefferson Nickel. Its design was replaced by one featuring a historical figure, signaling a shift in U.S. coin design. As the last of the Buffalo Nickel series, this coin holds particular historical significance for collectors, and it’s often viewed as an essential addition to a complete Buffalo Nickel collection.
Tips for Collectors
- Authentication: Always consult a professional or expert grader to verify the authenticity of your coin.
- Condition is Key: The coin’s grade can dramatically affect its value. Pay attention to details like the bison’s tail and the features of the Native American’s profile.
- Storage: Preserve your coin by storing it in a high-quality holder or album to prevent damage.
The 1938-D Buffalo Nickel is a beautiful reminder of America’s past, blending artistry and history. Its rarity, historical value, and connection to the spirit of the American frontier make it an essential piece for any collector’s collection.
Frequently Asked Questions
How do I authenticate a 1938-D Buffalo Nickel? Look for the “D” mint mark below the “FIVE CENTS” inscription on the reverse. Consult a coin professional for further authentication.
Is the 1938-D Buffalo Nickel the rarest coin in the series? While it is not the rarest in terms of mintage, its place as the final coin in the Buffalo Nickel series makes it especially desirable.
What makes the 1938-D Buffalo Nickel valuable? Its value is influenced by its historical significance, relatively low mintage, and condition. Coins in higher grades or those with unique errors can command premium prices.