The 1913-D Type II Buffalo Nickel is a sought-after coin among collectors, with some specimens fetching prices as high as $193,447. Understanding the factors that contribute to its value can help you determine if you own one of these rare treasures.
Understanding the 1913-D Type II Buffalo Nickel
The Buffalo Nickel, officially known as the Indian Head Nickel, was introduced in 1913. It features a Native American on the obverse and a buffalo on the reverse. Mid-year, the U.S. Mint modified the reverse design, leading to the creation of the Type II variety.
Key Characteristics:
- Obverse: Depicts a Native American chief with the word “LIBERTY” inscribed from 1 to 2 o’clock.
- Reverse: Features a buffalo standing on a flat surface with the denomination “FIVE CENTS” recessed below the buffalo, distinguishing it from the Type I design where the denomination was on a raised mound.
Mintage and Rarity
The Denver Mint produced 4,156,000 Type II Buffalo Nickels in 1913. Despite this seemingly high mintage, the coin is considered scarce, with estimates suggesting only about 10,000 examples survive across all grades. This rarity, combined with collector demand, significantly enhances its value.
Grading and Condition
The condition of a coin, determined by its grade, plays a crucial role in its valuation. Coins are graded on a scale from 1 to 70, with higher numbers indicating better preservation and detail.
Grading Scale:
- Good (G-4): Heavily worn with major details visible.
- Very Good (VG-8): Moderate wear with more details evident.
- Fine (F-12): Noticeable wear but all major details present.
- Very Fine (VF-20): Light wear with sharp details.
- Extremely Fine (EF-40): Minimal wear with nearly all details intact.
- About Uncirculated (AU-50): Very light wear, almost as struck.
- Mint State (MS-60 to MS-70): No wear; MS-70 represents a perfect coin.
Higher-grade coins, especially those in Mint State, command significantly higher prices.
Value Estimates Based on Condition
The value of a 1913-D Type II Buffalo Nickel varies widely based on its grade. Below is a table summarizing estimated values across different grades:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $108 |
| Very Good (VG-8) | $150 |
| Fine (F-12) | $144 |
| Very Fine (VF-20) | $162 |
| Extremely Fine (EF-40) | $224 |
| About Uncirculated (AU-50) | $312 |
| Mint State (MS-63) | $417 |
| Mint State (MS-65) | $1,300 |
| Mint State (MS-66) | $2,110 |
| Mint State (MS-67) | $15,075 |
Note: Values are approximate and can fluctuate based on market demand and other factors.
Factors Influencing Value
Several elements influence the value of the 1913-D Type II Buffalo Nickel:
- Condition: Higher-grade coins are more valuable.
- Strike Quality: Coins with sharp, well-defined features are preferred.
- Luster: A coin’s original sheen enhances its appeal and value.
- Eye Appeal: Coins with attractive coloration and eye-catching features attract higher bids.
Verifying Your Coin’s Authenticity and Value
To determine if your 1913-D Type II Buffalo Nickel is among the rare, high-value specimens:
- Examine the Coin: Assess its condition, looking for wear, strike quality, and luster.
- Consult a Professional Grader: Have the coin evaluated by a reputable grading service to establish its authenticity and grade.
- Research Current Market Values: Review recent auction results and price guides to understand current market trends.
By carefully assessing your coin’s characteristics and consulting with experts, you can determine if your 1913-D Type II Buffalo Nickel is a valuable addition to your collection.
FAQs
What makes the 1913-D Type II Buffalo Nickel valuable?
Its limited mintage, distinctive design changes, and scarcity in high grades contribute to its high value among collectors.
How can I determine the grade of my coin?
Consulting professional grading services or experienced numismatists is recommended, as grading requires expertise and specialized tools.
Are there any known variations of the 1913-D Buffalo Nickel?
Yes, the 1913 Buffalo Nickel exists in two types: Type I, featuring a raised mound on the reverse, and Type II, with a flat reverse and recessed denomination.