Introduction
The 1938-D Buffalo Nickel marks a poignant cease to one among America’s most liked coin designs. As the final year of problem for the Buffalo Nickel—additionally known as the Indian Head Nickel—this coin holds a special region in the hearts of numismatists. Not handiest does it represent the realization of a 25-year minting legacy, but it additionally serves as a tribute to the artistry and records that described early twentieth-century American coinage.
A Brief History of the Buffalo Nickel
The Buffalo nickel, additionally called the Indian Head nickel, become added in 1913 as part of an effort to enhance American coinage beneath President Theodore Roosevelt’s coinage renaissance. Designed by using sculptor James Earle Fraser, the coin speedy became one of the maximum recognizable coins in circulation.
The obverse capabilities a formidable and stoic profile of a Native American chief — a composite of 3 individuals Fraser sketched in character. The opposite showcases a effective picture of an American bison, believed to be modeled after Black Diamond, a bison from the Central Park Zoo in New York City.
Its rugged and enormously American aesthetic helped the coin stand out, however it wasn’t without flaws specifically its tendency to wear quick, especially the date and the denomination. Despite those issues, it remained in movement for 25 years, until it turned into officially changed in 1938.
The 1938-D Issue: End of the Trail
The 1938-D Buffalo Nickel, minted in Denver, is the closing authentic difficulty of the series earlier than being replaced with the aid of the Jefferson nickel later that year. No Buffalo nickels have been produced on the Philadelphia or San Francisco mints in 1938 — only the Denver Mint struck them, giving this coin a unique exclusivity.
While over 7 million were minted, making it relatively accessible compared to ultra-rare issues, the 1938-D has gained prestige as the “farewell coin” of a design that defined American coinage through the Roaring Twenties and the Great Depression.
Why the 1938-D is So Special
The 1938-D Buffalo Nickel become minted solely in Denver, making it the ultimate of its kind. That yr, the U.S. Mint transitioned to the Jefferson Nickel, signaling the stop of the Buffalo layout. Only 7 million 1938-D Buffalo Nickels were produced, a notably low mintage in comparison to preceding years.
Because of this:
- It is the only Buffalo Nickel from 1938.
- It was struck for collectors, meaning many survived in high-grade condition.
- It’s considered the “farewell coin” of a historic design era.
The 1938-D Buffalo Nickel: Rarity and Production
The 1938-D Buffalo Nickel turned into produced completely at the Denver Mint, with a comparatively low mintage of 7,020,000 coins.
Although this figure is not the lowest in the collection, the reality that it’s far the final year makes it a enormously sought-after piece amongst collectors.
Key Details:
| Aspect | Details |
|---|---|
| Mintage | 7,020,000 |
| Mint Mark | “D” for Denver |
| Composition | 75% copper, 25% nickel |
| Diameter | 21.2 mm |
| Weight | 5 grams |
The “D” mint mark of the Denver Mint seems on the lower back of the coin, beneath the word “FIVE CENTS.
Value of the 1938-D Buffalo Nickel
The price of the 1938-D Buffalo Nickel depends on its condition. Circulated coins are relatively inexpensive, making them within reach of novice collectors.
Coins in uncirculated or proof-like condition, however, sell for much higher prices because of their scarcity and mint condition.
Estimated Values:
| Grade | Estimated Value |
|---|---|
| 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+ |
High-grade specimens graded by established grading companies such as PCGS or NGC can sell for over $1,000, particularly those with full steps on the horns of the bison.
Tips for Collectors
- Authenticate: Verify that your coin is authentic by referring to a professional grader or dealer.
- Condition Counts: The grade of the coin will determine its value. Check for such details as the tail of the bison and the Native American’s face.
- Storage: Save your coin from harm by placing it in a professional-grade album or holder.
Significance of the 1938-D Buffalo Nickel
This coin is deeply symbolic, being the end of a popular design that honored American heritage. Its retirement led the way for the Jefferson Nickel, a change in U.S. coin design from iconic imagery to historical figures.
To collectors, the 1938-D Buffalo Nickel is doubly attractive: its historical and its status as the last in the Buffalo Nickel series. It’s usually thought of as a cornerstone for anyone assembling a full set of Buffalo Nickels.
Conclusion
The 1938-D Buffalo Nickel is more than just a coin it’s a tangible piece of American heritage. For collectors, it’s an crucial addition, not most effective because of its ancient price however because it represents the final curtain on one of the maximum inventive and remarkable designs in U.S. Coinage.
Whether you’re just starting your coin adventure or are a pro numismatist, the 1938-D is a worth investment and a tribute to a bygone generation, a coin that asserts goodbye with grace, fashion, and lasting legacy. So, if you ever stumble upon one in a coin shop, show, or maybe an vintage circle of relatives drawer take a closer look. You might just be holding the last roar of a true American classic.
FAQ’s
What makes the 1938-D Buffalo Nickel treasured?
Its cost stems from its ancient significance, low mintage, and circumstance. High-grade cash and those with unique errors can command top class prices.
How can I become aware of a genuine 1938-D Buffalo Nickel?
Look for the “D” mint mark below the denomination “FIVE CENTS” on the reverse. Consult a coin expert for authentication.
Is the 1938-D Buffalo Nickel the rarest within the collection?
No
