A recent discovery of a 1937-D 3-Legged Buffalo Nickel in an estate box has captivated collectors and numismatists across the nation.
This rare coin, known for its distinctive error, has become a symbol of historical intrigue and collector enthusiasm.
The Origin of the 3-Legged Buffalo Nickel
The 1937-D 3-Legged Buffalo Nickel is a result of an over-polished die at the Denver Mint. In an attempt to remove clash marks, a mint employee inadvertently erased the buffalo’s front right leg from the die, leading to coins that appear to have only three legs.
This error was not immediately caught, and approximately 10,000 to 20,000 of these nickels entered circulation before the mistake was corrected.
Design Features and Diagnostics
Designed by James Earle Fraser, the Buffalo Nickel features a Native American profile on the obverse and an American bison on the reverse. The 3-Legged variety is distinguishable by:
- The missing front right leg of the buffalo.
- A “moth-eaten” appearance on the rear leg.
- A distinctive “stream” or die polishing line beneath the buffalo’s belly.
- Separation between the letters “E” and “P” of “E PLURIBUS UNUM” and the buffalo’s back.
These features help authenticate genuine 3-Legged Buffalo Nickels and distinguish them from altered coins.
Market Value and Recent Sales
The value of a 1937-D 3-Legged Buffalo Nickel varies based on its condition:
| Grade | Estimated 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 |
Notably, a specimen graded MS66+ sold for nearly $100,000 in 2021.
The Recent Estate Discovery
The recent find of a 1937-D 3-Legged Buffalo Nickel in an estate box has reignited interest in this rare coin.
The coin’s condition and authenticity are currently being evaluated by experts, but its discovery underscores the potential for valuable treasures hidden in everyday places.
The 1937-D 3-Legged Buffalo Nickel stands as a testament to the allure of numismatics and the stories coins can tell.
Its recent discovery in an estate box serves as a reminder that history can be found in the most unexpected places, waiting to be uncovered by the curious and the passionate.
FAQs
How can I verify if my 1937-D Buffalo Nickel is the 3-Legged variety?
A genuine 3-Legged Buffalo Nickel will lack the buffalo’s front right leg, show a die polishing line beneath the belly, and have specific die markers. Consulting a professional coin grader or numismatist is recommended for authentication.
Are there counterfeit 3-Legged Buffalo Nickels?
Yes, due to its value, some individuals have altered standard 1937-D nickels to mimic the 3-Legged variety. Authentic coins have specific die markers that experts can identify.
Where can I sell a 1937-D 3-Legged Buffalo Nickel?
Reputable coin dealers, auction houses, and online platforms specializing in numismatics are suitable venues. Ensure the coin is authenticated and graded to maximize its value.