Indian Head Nickel
(1913 – 1938)
The Indian Head Nickel, also known as the “Buffalo Nickel”, is easily one of the most iconic and beloved coins in U.S. history—and a personal favorite for good reason. Struck from 1913 to 1938, this series stands out not just for its unique design, but for the raw sense of American identity it captures. At a time when the U.S. Mint was moving away from classical imagery toward more homegrown themes, the Buffalo Nickel brought the spirit of the American frontier to everyday pocket change. Designed by James Earle Fraser, a student of the legendary sculptor Augustus Saint-Gaudens, the coin reflects Fraser’s upbringing in the American West and his deep appreciation for Native American culture and wildlife.

Everything about this coin feels bold and honest—from the detailed, expressive portrait of a composite Native American chief on the obverse to the rugged, powerful image of an American Bison on the reverse. It’s a design that doesn’t just depict history—it feels like history. This was a coin meant to honor America’s roots, its land, and its people, and even over a century later, it still resonates with collectors for its artistry, symbolism, and sheer presence. Whether you’re into classic American coinage or just appreciate standout design, the Buffalo Nickel is a series that delivers in both visual impact and historical depth.
Value and Condition
Buffalo Nickels are usually found in pretty rough shape. The dates are often worn off entirely, especially on coins from the earlier years. But don’t let that fool you — even the beat-up ones have value! Every Buffalo Nickel is worth more than face value, and they’re one of those coins where the worse condition doesn’t necessarily mean they aren’t collectible. When assessing the buffalo nickel price, condition plays a crucial role.
Values really take off when you find readable dates and especially when mint marks are intact. The condition grading follows standard numismatic practices, but even just having a legible date or visible mint mark can significantly boost its desirability.
Collectors often seek out Buffalo Nickels not only for their historical significance but also for their potential investment value. Understanding the buffalo nickel price can enhance your collecting experience.
Ways to Collect These Coins
There are tons of fun ways to collect these:
Type Set: One of each type (Type 1 and Type 2, 1913 only)
Date Set: One coin from each year (1913 to 1938)
Date and mint mark Set: All 64 standard issues
Full Set with Varieties: Includes 8 major varieties and the full run of 64 coins
Valuation Chart
(Prices reflect a general range for coins with a readable date and no major damage. Coins with errors, varieties, or proof versions will differ.)
Year | Mint Mark(s) | Estimated Value Range |
|---|---|---|
1913 | P, D, S (Type 1 & 2) | $8 – $80+ |
1914 | P, D, S | $12 – $100+ |
1915 | P, D, S | $12 – $125+ |
1916 | P, D, S | $10 – $95+ |
1917 | P, D, S | $8 – $90+ |
1918 | P, D, S | $10 – $100+ |
1919 | P, D, S | $10 – $110+ |
1920 | P, D, S | $9 – $95+ |
1921 | P, S | $35 – $175+ |
1923 | P, S | $10 – $80+ |
1924 | P, D, S | $10 – $100+ |
1925 | P, D, S | $8 – $85+ |
1926 | P, D, S | $9 – $125+ |
1927 | P, D, S | $8 – $75+ |
1928 | P, D, S | $8 – $60+ |
1929 | P, D, S | $8 – $65+ |
1930 | P, S | $8 – $60+ |
1931 | P, S | $10 – $80+ |
1934 | P, D | $7 – $45+ |
1935 | P, D, S | $6 – $40+ |
1936 | P, D, S | $6 – $35+ |
1937 | P, D, S | $6 – $30+ |
1938 | D | $6 – $25+ |
Key Dates and Notable Varieties
Here are some heavy hitters and fun finds that make this series extra exciting:
1914/3 – Rare overdate. A subtle but valuable variety.
1916 Doubled Die Obverse – One of themost dramatic in the series.
1918/7-D Overdate – A big one; these are worth serious money.
1935 Doubled Die Reverse – Tough to find and highly collectible.
1936-D 3-1/2 Legs – A partially polished leg on the buffalo. Wild error.
1937-D 3 Legs – A famous and popular variety that’s often faked.
1938-D/S – A repunched mint mark variety. Subtle but in demand.
Historical Context by Year
1913 – First year of issue. Two types: Type 1 (raised mound), Type 2 (flat ground)
1916 – Doubled die discovered, one of the rarest in the series
1918 – The 1918/7-D error is struck, a top rarity
1921 – Mintages drop, San Francisco coins especially hard to find
1931 – Depression-era mintages remain low
1937-D – The famous 3-legged buffalo variety is struck
1938 – Final year of Buffalo Nickel production. Only struck in Denver.
Final Thoughts
Buffalo Nickels hit that perfect trifecta of historical charm, artistic uniqueness, and serious collectability. There’s just something about them—whether it’s the rugged frontier look, the iconic imagery, or the way they feel in hand—that makes them stand out in any collection. They’re not just coins; they’re little time capsules from early 20th-century America, full of character and cultural depth. Whether you’re building a complete date-and-mint set, chasing down key dates like the 1913 Type 2 or the ever-elusive 1916 Doubled Die, or just grabbing a few standout pieces for their eye appeal, these nickels make the journey fun and rewarding.
P art of the thrill is the hunt—Buffalo Nickels still pop up in the wild. Check local coin shops, estate sales, flea markets, and even the occasional junk box at antique stores. You’d be surprised how often a worn-down nickel turns out to be something special, especially with the number of varieties,
overdates, and mint errors out there. They’ve got that gritty, old-school feel that collectors love, and despite being out of production since 1938, they’ve never lost their appeal. Tough, iconic, and loaded with story, the Buffalo Nickel is a true staple for anyone who appreciates American coinage with heart. Pick up a few—you’ll get hooked.




































