The Iconic 1938-D Buffalo Nickel: The 1938-D Buffalo Nickel is a significant milestone in U.S. coinage history, representing the conclusion of one of the country’s most cherished coin designs. With its striking imagery of a Native American on the obverse and a bison on the reverse, the Buffalo Nickel—minted from 1913 to 1938—symbolizes the spirit of the American frontier.
As the final release in this iconic series, the 1938-D Buffalo Nickel, struck at the Denver Mint, is highly coveted by collectors and numismatists. This article explores its historical significance, design, rarity, and value, offering essential insights for enthusiasts.
The Origins of the Buffalo Nickel
The Buffalo Nickel, introduced in 1913, was designed by renowned sculptor James Earle Fraser. It replaced the Liberty Head Nickel and brought a bold, new aesthetic to U.S. coinage, celebrating the essence of the American West.
- Obverse: Features the profile of a Native American, believed to be a composite of several tribal leaders.
- Reverse: Depicts a powerful American bison, often associated with the vast plains and rugged landscapes of the West.
The 1938-D Buffalo Nickel marked the end of this beloved series, transitioning later that year to the Jefferson Nickel, which commemorates a historical figure rather than a theme.
Production and Rarity of the 1938-D Buffalo Nickel
The 1938-D Buffalo Nickel was produced solely at the Denver Mint, with a total mintage of 7,020,000 coins. While this isn’t the lowest mintage of the series, its status as the final issue makes it a key piece for collectors.
Key Features:
- Mintage: 7,020,000
- Mint Mark: “D” (located beneath “FIVE CENTS” on the reverse)
- Composition: 75% copper, 25% nickel
- Diameter: 21.2 mm
- Weight: 5 grams
This unique combination of historical significance and relatively low production numbers makes the 1938-D Buffalo Nickel a highly desirable addition to any collection.
Value of the 1938-D Buffalo Nickel
The value of a 1938-D Buffalo Nickel depends on its condition. While circulated coins are affordable and accessible to novice collectors, uncirculated examples or those with exceptional detail can command significant premiums.
Estimated Values by Grade:
| 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 coins certified by respected grading services such as PCGS or NGC, particularly those with sharp details and full steps on the bison’s horns, can sell for over $1,000.
The Historical and Collectible Appeal of the 1938-D Buffalo Nickel
As the final coin in the Buffalo Nickel series, the 1938-D holds a special place in U.S. coin history. It marks the end of an era that celebrated the heritage of the American West. Its retirement signaled a shift in design focus, paving the way for the Jefferson Nickel and a new chapter in U.S. coinage.
For collectors, this coin offers a blend of historical significance and aesthetic beauty. It’s a cornerstone for anyone assembling a complete Buffalo Nickel collection.
Tips for Collectors
- Authenticate: Verify authenticity through a trusted coin dealer or grading service.
- Assess Condition: The coin’s value is heavily influenced by its grade. Pay close attention to details like the Native American’s features and the bison’s tail.
- Proper Storage: Protect your coin by using high-quality holders or albums to prevent damage.
Conclusion: A Timeless Tribute to America’s Western Heritage
The 1938-D Buffalo Nickel stands as a testament to American artistry and history. Its striking design, historical significance, and scarcity make it a must-have for collectors. Whether you’re new to numismatics or a seasoned enthusiast, owning this iconic piece allows you to hold a piece of history in your hands.
FAQ
- How can I confirm the authenticity of a 1938-D Buffalo Nickel?
Look for the “D” mint mark on the reverse beneath “FIVE CENTS,” and consider consulting a professional grader for verification. - Is the 1938-D Buffalo Nickel the rarest in the series?
While not the lowest mintage, its significance as the final coin in the series makes it highly sought after. - What factors contribute to the value of the 1938-D Buffalo Nickel?
Its historical importance, condition, and rarity influence its value, with high-grade and error coins fetching premium prices.