In the world of numismatics, few coins capture the imagination like the Buffalo Nickel, especially the elusive 1917-S variety. This rare piece not only holds historical significance but also represents a potential windfall for collectors and investors alike. With recent market trends and auction results shining a spotlight on this coin, it’s time to delve into what makes the 1917-S Buffalo Nickel so valuable and why it could be worth up to $90,000.
A Brief History of the Buffalo Nickel
The Buffalo Nickel, officially known as the Indian Head nickel, was minted from 1913 to 1938. Designed by sculptor James Earle Fraser, the coin features a Native American on the obverse and an American bison on the reverse. The 1917-S, minted in San Francisco, stands out due to its low mintage and unique characteristics.
Why Is the 1917-S Buffalo Nickel So Valuable?
1. Rarity
The 1917-S Buffalo Nickel is one of the rarest in the series. With a mintage of just 1.2 million coins, its scarcity is a primary factor in its high value. As fewer examples remain in circulation, collectors are willing to pay a premium for this piece of history.
2. Condition Matters
The condition of a coin significantly affects its market value. The 1917-S can be found in various grades, with those graded as Mint State (MS) or better commanding top dollar. A coin graded MS-65 or higher can approach or even exceed the $90,000 mark at auction, while lower grades can still fetch impressive sums, often ranging from several thousand to tens of thousands of dollars.
3. Collector Demand
The demand for rare coins has surged in recent years, with collectors increasingly looking for pieces that offer both historical significance and investment potential. The 1917-S Buffalo Nickel fits this bill perfectly, drawing interest from both novice and seasoned collectors.
4. Market Trends
Recent auction results have shown a steady increase in the value of rare coins, particularly those that are well-preserved. For instance, a 1917-S Buffalo Nickel sold for $85,000 at a recent auction, highlighting the coin’s strong market performance. Experts predict this trend will continue, making the 1917-S an attractive investment for collectors.
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How to Identify a 1917-S Buffalo Nickel
Identifying a genuine 1917-S Buffalo Nickel involves examining key features:
- Date and Mintmark: The date “1917” should be clearly visible, with the “S” mintmark located just below the bison on the reverse.
- Design Details: Check for the characteristic design elements created by Fraser, including the prominent Native American profile and the robust bison.
- Condition: Look for wear on the high points of the coin, particularly the Indian’s headdress and the bison’s back.
Expert Tip: Authentication
For collectors considering a purchase, authenticating the coin through a reputable grading service like the Professional Coin Grading Service (PCGS) or Numismatic Guaranty Corporation (NGC) is essential. This step not only verifies the coin’s authenticity but also provides a professional grade that can enhance its resale value.
The Future of the 1917-S Buffalo Nickel
As the market for rare coins continues to evolve, the 1917-S Buffalo Nickel stands poised for future appreciation. Factors such as ongoing interest in numismatics, the rarity of high-grade specimens, and the overall economic climate will influence its value. For collectors, this coin represents more than just monetary worth; it’s a piece of American history that connects us to the past.
The 1917-S Buffalo Nickel is more than a simple coin; it’s a gateway to a rich history and a potentially lucrative investment. With the possibility of fetching prices as high as $90,000, collectors should keep a keen eye out for this rare gem. Whether you’re an experienced numismatist or a newcomer to the world of coins, understanding the value and rarity of the 1917-S can provide both excitement and opportunity in your collection. Happy hunting!
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