If you’re into coin collecting, you’ve probably heard of the 1937-D Three-Legged Buffalo Nickel. This little piece of history is one of the most sought-after error coins in the numismatic world. But what makes it so rare? And why is it worth a jaw-dropping $270,000? Let’s dive into the fascinating story behind this unique coin.
How Did the Three-Legged Buffalo Nickel Happen?
Back in 1937, at the Denver Mint, a worn-out die (the stamp that imprints designs on coins) was over-polished. This led to the front right leg of the buffalo disappearing, leaving it with only three legs! This wasn’t intentional—just a mistake made during the minting process. But errors like these often turn out to be treasures for collectors.
Why Is This Coin So Valuable?
Several factors contribute to the high value of the 1937-D Three-Legged Buffalo Nickel:
- Rarity – Since this error was caught quickly, only a small number of these coins entered circulation.
- Historical Importance – It’s one of the most famous minting errors in U.S. history.
- Collector Demand – Coin collectors love unique and rare coins, pushing the price up.
- Condition – Coins in better condition are always worth more, and a well-preserved version of this nickel can fetch six figures!
How to Spot a Real 1937-D Three-Legged Buffalo Nickel
If you come across a Buffalo Nickel and think it might be the famous three-legged version, here’s how to check:
| Feature | What to Look For |
| Missing Front Leg | The buffalo’s right front leg is gone. |
| Weak Details on Hoof | The area where the leg should be looks smudged. |
| “D” Mint Mark | Look for a small “D” under “FIVE CENTS” (shows it’s from Denver Mint). |
| Die Polishing Marks | You may see extra lines around the leg area. |
How Much Is It Really Worth?
The value of a 1937-D Three-Legged Buffalo Nickel depends on its condition. Here’s a rough estimate:
| Condition | Estimated Value |
| Worn (Good) | $500 – $1,000 |
| Fine | $3,000 – $5,000 |
| Extremely Fine | $10,000 – $25,000 |
| Uncirculated (High Grade) | $50,000 – $270,000 |
The record sale for this coin is around $270,000 for a top-condition specimen. Even in worn-out condition, it’s still worth way more than five cents!
Where Can You Find One?
While these nickels are rare, they do pop up from time to time. You might find one:
- At coin shops or antique stores.
- In estate sales (old collections sometimes contain hidden gems!).
- Through online auctions like eBay, Heritage Auctions, or Stack’s Bowers.
- Inside old piggy banks or inherited coin collections (always check before spending old coins!).
Should You Buy One?
If you’re a collector and have the budget, this is a fantastic investment piece. The demand for rare coins like this usually increases over time, meaning its value could climb even higher in the future. But make sure you buy from reputable sellers and get the coin authenticated by experts to avoid fakes.
FAQs
What makes the 1937-D Three-Legged Buffalo Nickel rare?
The missing leg was a result of over-polishing at the Denver Mint, making this coin a rare minting error.
Can you still find a 1937-D Three-Legged Buffalo Nickel in circulation?
It’s extremely unlikely, but not impossible! Most are now in private collections.
How do I know if my Buffalo Nickel is the Three-Legged variety?
Check for the missing front leg, weak details on the hoof, and a “D” mint mark under “FIVE CENTS.”
What is the highest price ever paid for this coin?
A high-grade version sold for around $270,000 at auction.
Is it worth buying a worn-out version of this coin?
Yes! Even in rough shape, it’s worth hundreds or even thousands of dollars.