The numismatic world is once again buzzing with excitement after a rare 1937-D Three-Legged Buffalo Nickel was uncovered inside an old estate box.
This historic coin, often considered one of the most famous mint errors in U.S. history, has stirred a nationwide frenzy among collectors and investors.
With its fascinating backstory and soaring market value, the discovery reminds everyone that extraordinary treasures can still be found hidden away.
Origins of the 1937-D Three-Legged Buffalo Nickel
The 1937-D Three-Legged Buffalo Nickel is the result of an error at the Denver Mint. In an attempt to polish out clash marks from coin dies, an overzealous mint employee inadvertently ground off the buffalo’s front right leg.
This mistake went unnoticed initially, and thousands of the error nickels were released into circulation before being discovered.
Key details about the coin’s origin:
- Minted at: Denver Mint (indicated by the “D” mint mark)
- Error caused by: Over-polishing of the reverse die
- Unique feature: Buffalo missing front right leg
- Estimated quantity minted: Roughly 10,000 to 20,000 coins
- Designer: James Earle Fraser
This accidental creation became a significant rarity and a prized possession for serious collectors.
Characteristics and Authentication
Identifying a genuine 1937-D Three-Legged Buffalo Nickel requires careful inspection. Several distinct features separate authentic examples from fakes or altered coins.
Key Characteristics:
- The buffalo’s front right leg is completely missing.
- The remaining legs show unusual wear, especially the rear legs appearing “moth-eaten.”
- A distinct die polishing line is visible beneath the buffalo’s belly.
- The field above the buffalo’s back and the words “E PLURIBUS UNUM” show separation marks due to die fatigue.
Because of the value associated with this error, many regular 1937-D nickels have been tampered with to mimic the three-legged look. Expert grading and authentication are essential to confirm legitimacy.
Market Value of the 1937-D Three-Legged Buffalo Nickel
The recent discovery has reignited interest in the market value of this iconic error coin. Prices vary based on condition, eye appeal, and certification. Here’s a breakdown:
| Condition | Estimated Market Value (USD) |
|---|---|
| Fine (F-12) | $500 – $1,000 |
| Very Fine (VF-20) | $1,000 – $2,000 |
| Extremely Fine (XF-40) | $2,000 – $5,000 |
| About Uncirculated (AU-50) | $5,000 – $10,000 |
| Mint State (MS-60) | $10,000 – $20,000 |
| Gem Mint State (MS-65) | $50,000 – $100,000 |
Exceptional specimens in high mint state grades have sold at major auctions for over $100,000. Demand remains consistently strong because of the coin’s scarcity and storied background.
Details About the Recent Estate Discovery
The latest estate box discovery has added a fresh chapter to the legend of the 1937-D Three-Legged Buffalo Nickel. Hidden for decades among old documents and collectibles, the coin is said to be in Extremely Fine (XF) condition, making it highly desirable.
Upon professional authentication and grading, early evaluations suggest that the coin could fetch anywhere from $3,000 to $6,000, depending on final certification and auction dynamics.
This surprising find emphasizes how valuable coins can remain hidden in unsuspected places like old family boxes, attics, or safe deposit boxes.
Why This Nickel Remains Iconic
The Three-Legged Buffalo Nickel is often referred to as the “King of Mint Errors” for several reasons:
- It is a true mint-made error, not a post-mint alteration.
- The error is highly visible and dramatic, making it appealing to all collectors.
- It tells a vivid story about minting practices in the early 20th century.
- It is one of the most recognized and sought-after error coins in American history.
For both seasoned and new collectors, owning this nickel is like holding a piece of historical serendipity.
The discovery of a rare 1937-D Three-Legged Buffalo Nickel tucked away in an estate box has electrified the coin collecting community. This remarkable find serves as a powerful reminder that historic treasures can still surface in the most unexpected places.
As values continue to climb, the Three-Legged Buffalo Nickel stands firm as a legendary centerpiece for collectors, preserving both a minting mishap and a slice of Americana for generations to come.
FAQs
How can you tell if a 1937-D Buffalo Nickel is the three-legged variety?
A genuine three-legged nickel will have no visible front right leg on the buffalo, a die polishing line under its belly, and specific die markers above its back.
Are there fake 1937-D Three-Legged Buffalo Nickels?
Yes, many counterfeit versions exist. Some involve altering standard 1937-D nickels. Professional grading and authentication are strongly recommended.
Where should you sell a 1937-D Three-Legged Buffalo Nickel?
Reputable coin dealers, major auction houses, or specialized online marketplaces offer the best venues for selling this rare and valuable coin.