The value of a 1936 Buffalo nickel depends primarily on its condition, mint mark, and whether it has any errors.
Here’s a breakdown of the typical values for 1936 Buffalo nickels:
- Most 1936 Buffalo nickels in average, circulated condition are worth between $1 and $10.
- Values can vary depending on the amount of wear and tear the coin has experienced.
- The mint mark can also influence the value in circulated conditions:
– Philadelphia Mint (no mint mark): About $0.50 – $20.
– Denver Mint (D): About $0.50 – $32.50.
– San Francisco Mint (S): About $0.50 – $35.
- Uncirculated 1936 Buffalo nickels (coins that haven’t been in circulation and retain their original luster) can be significantly more valuable.
- Prices for uncirculated coins range from $10 to $20 for coins in lower Mint State grades (MS-60 to MS-62).
- For higher grades, prices can reach into the hundreds or even thousands of dollars:
– MS-63: $50 – $55.
– MS-64: $60 – $70.
– MS-65: $85 – $95.
– MS-66: $125 – $200.
– MS-67: $525 – $3000.
– MS-68: Up to $37,500.
- The most significant error for the 1936 Buffalo nickel is the “3-1/2 Leg ” variety found on some Denver minted coins (1936-D).
- This error occurred due to over-polishing of the dies, which removed part of the buffalo’s right front leg.
- These coins are highly sought after by collectors and can be worth thousands of dollars, even in circulated condition.
– A 1936-D 3-1/2 Legs in MS63 condition sold for $20,700 at auction in 2009.
– Even in poor condition, a 3-1/2 Leg Buffalo nickel can be worth around $500 or more.
- Other, less significant errors like doubled dies (obverse or reverse) and repunched mint marks can also increase the coin’s value, but typically not to the same extent as the 3-1/2 Leg variety.
- Condition: Carefully examine the coin for wear, scratches, dents, and other imperfections.
- Mint mark: Locate the mint mark (D for Denver, S for San Francisco, or no mint mark for Philadelphia) to identify its origin.
- Errors: Look closely for any errors, especially the 3-1/2 Leg variety on Denver minted coins.
- Prices are constantly changing due to market fluctuations and demand.
- For accurate valuation of valuable or rare 1936 Buffalo nickels, especially those with errors, it is recommended to consult with a professional coin grading service like PCGS or NGC.
Where is the mint mark located on a 1936 nickel?
Good point! Locate the mintmark on the reverse under the Buffalo. With a strong starting value the 1936 Buffalo nickel is a nice little treasure to find in your box of old coins.