The 1913-D Type II Buffalo Nickel is a gem in American numismatic history, celebrated for its artistic design and historical significance. Its appeal lies not only in its beauty but also in its potential value, particularly for collectors seeking pristine examples. Here’s everything you need to know about this fascinating coin, from its origins to how to identify and grade it.
A Glimpse into the History of the Buffalo Nickel
Introduced in 1913, the Buffalo Nickel—also known as the Indian Head Nickel—was designed by renowned sculptor James Earle Fraser. It replaced the Liberty Head Nickel and was intended to honor America’s Native heritage and wildlife.
Design Features:
- Obverse: A striking profile of a Native American, said to be a composite of three tribal leaders.
- Reverse: A powerful image of an American bison, symbolizing the country’s natural heritage.
Type I vs. Type II Buffalo Nickels
The 1913 Buffalo Nickel came in two versions due to concerns about durability:
- Type I: The bison stands on a raised mound with the inscription “FIVE CENTS” on the mound. This design wore down quickly during circulation.
- Type II: The mound was flattened, and “FIVE CENTS” was recessed to improve the coin’s durability.
The Denver Mint produced 4,156,000 of the 1913-D Type II Buffalo Nickels, making it a sought-after piece for collectors.
Valuation of the 1913-D Type II Buffalo Nickel
The value of the 1913-D Type II Buffalo Nickel depends on its condition. While circulated examples are modestly priced, coins in mint-state conditions can command significant sums.
Auction Highlight:
A 1913-D Type II Buffalo Nickel graded MS68 by NGC set a record when it sold for $143,750 at auction in 2008. Though reports of the coin selling for $193,447 remain undocumented, its value in pristine condition is substantial.
Grading the 1913-D Type II Buffalo Nickel
The Sheldon Scale, ranging from 1 to 70, is the standard for assessing a coin’s condition:
- Good (G-4): Major details are worn but identifiable.
- Fine (F-12): Moderate wear, with clear design details.
- Extremely Fine (EF-40): Light wear on high points; most details are sharp.
- Mint State (MS-60 to MS-70): No wear; may have minor imperfections.
High-grade coins (MS65 and above) are particularly valuable and desirable.
Estimated Values of the 1913-D Type II Buffalo Nickel
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $140 |
| Very Good (VG-8) | $150 |
| Fine (F-12) | $144 |
| Very Fine (VF-20) | $162 |
| Extremely Fine (EF-40) | $230 |
| About Uncirculated (AU-50) | $224 |
| Mint State (MS-60) | $312 |
| Mint State (MS-63) | $417 |
| Mint State (MS-65) | $1,300 |
| Mint State (MS-66) | $2,110 |
| Mint State (MS-67) | $15,075 |
Values are approximate and can vary based on market trends and demand.
Identifying a 1913-D Type II Buffalo Nickel
Here’s how to confirm if your coin is a 1913-D Type II Buffalo Nickel:
- Date and Mint Mark: Ensure the coin is dated 1913 and has a “D” mint mark on the reverse, beneath “FIVE CENTS.”
- Design Type: Verify it’s a Type II design, where the bison stands on a flat plane and “FIVE CENTS” is recessed.
- Condition: Assess the coin’s level of wear using the grading scale.
Why Is the 1913-D Type II Buffalo Nickel Valuable?
Several factors contribute to its desirability:
- Low Mintage: The Denver Mint produced a limited number, adding to its scarcity.
- Historical Significance: As one of the first-year Buffalo Nickels, it holds great historical value.
- Artistic Appeal: James Earle Fraser’s iconic design remains a favorite among collectors.
- High Collector Demand: Its rarity and historical importance make it highly sought after.
Tips for Coin Collectors
- Inspect Coins Carefully: Use a magnifying glass to check details like the date, mint mark, and condition.
- Learn About Grading: Familiarize yourself with the Sheldon Scale to better assess coin values.
- Protect Your Collection: Store coins in protective cases to preserve their condition.
- Consult Professionals: If you believe you have a valuable coin, seek appraisal from a certified numismatist.
- Stay Informed: Follow market trends and auction results to understand coin values.
The 1913-D Type II Buffalo Nickel is a cornerstone of American numismatic history, admired for its artistry and historical significance. If you own this coin, especially in higher grades, its value could be substantial. Consulting a professional numismatist or grading service can help you unlock its true worth.
FAQs
Type I features a bison on a raised mound with “FIVE CENTS” on the mound, while Type II has a flattened mound and recessed inscription to reduce wear.
The mint mark is located on the reverse side, beneath the “FIVE CENTS” inscription.
Assess the coin’s wear, details, and condition using the Sheldon Scale, or have it professionally graded by a certified service like PCGS or NGC.