The 1938-D Buffalo Nickel marks the end of an era for one of America’s most cherished coin designs. Known for its striking imagery of a Native American on the obverse and a bison on the reverse, the Buffalo Nickel, minted from 1913 to 1938, represents a significant chapter in U.S. numismatics.
The 1938-D issue, minted at the Denver Mint, is especially sought after as the final release in this series.
This article delves into the fascinating history, design, rarity, and value of the 1938-D Buffalo Nickel, making it a must-read for collectors and enthusiasts alike.
The History of the Buffalo Nickel
Introduced in 1913, the Buffalo Nickel was designed by sculptor James Earle Fraser. Its purpose was to replace the Liberty Head Nickel, introducing a design that celebrated the spirit of the American West.
The obverse features a Native American profile, while the reverse showcases a majestic American bison, often associated with the western frontier.
The 1938-D Buffalo Nickel was the last in the series before the coin’s design transitioned to the Jefferson Nickel, which debuted later that year.
The 1938-D Buffalo Nickel: Rarity and Production
The 1938-D Buffalo Nickel was minted exclusively at the Denver Mint, with a relatively low mintage of 7,020,000 coins.
While this number isn’t the lowest in the series, the significance of it being the final year makes it a desirable piece for 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 Denver Mint’s “D” mint mark can be found on the reverse of the coin, below the denomination “FIVE CENTS.”
Value of the 1938-D Buffalo Nickel
The value of the 1938-D Buffalo Nickel varies depending on its condition. Coins in circulated grades are relatively affordable, making them accessible to beginner collectors.
However, coins in uncirculated or proof-like condition command much higher premiums due to their rarity and pristine state.
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 examples certified by reputable grading services like PCGS or NGC can fetch prices exceeding $1,000, especially those with full steps on the bison’s horns.
Significance of the 1938-D Buffalo Nickel
This coin is highly symbolic, representing the conclusion of a beloved design that celebrated American heritage. Its retirement paved the way for the Jefferson Nickel, marking a shift in U.S. coin design toward historical figures rather than iconic imagery.
For collectors, the 1938-D Buffalo Nickel holds a dual appeal: its historical significance and its place as the finale of the Buffalo Nickel series. It’s often seen as a cornerstone for those building a complete set of Buffalo Nickels.
Tips for Collectors
- Authenticate: Ensure your coin is genuine by consulting a professional grader or dealer.
- Condition Matters: The coin’s grade significantly affects its value. Look for details like the bison’s tail and the Native American’s features.
- Storage: Protect your coin from damage by storing it in a professional-grade holder or album.
The 1938-D Buffalo Nickel stands as a timeless tribute to America’s western heritage and is a must-have for collectors. Its blend of artistry, historical relevance, and relative scarcity ensures its enduring appeal.
Whether you’re a seasoned numismatist or a beginner, adding this iconic coin to your collection is a leap into history.
FAQs
How can I identify 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 in the series?
No, it’s not the rarest by mintage, but its significance as the final issue makes it highly desirable.
What makes the 1938-D Buffalo Nickel valuable?
Its value stems from its historical importance, low mintage, and condition. High-grade coins and those with unique errors can command premium prices.
