The value of a 1936 five-cent coin (Buffalo Nickel) varies significantly based on its condition, mint mark, and whether it has any errors.
- Circulated condition: Typically ranges from $0.50 to $35, depending on the specific mint and how worn it is.
- Uncirculated condition: Can range from $22 to potentially tens of thousands of dollars, depending on the mint and grade. For instance, a 1936 Buffalo Nickel in Mint State 68 (MS68) condition with excellent toning can be worth over $10,000, while a high-grade 1936-S (San Francisco Mint) Buffalo Nickel, graded at MS67, sold for over $5,500.
- 1936-D 3 1/2 Legs: This error variety, where the Denver Mint over-polished the die, resulting in a partially missing front leg on the buffalo, can be extremely valuable. Even in poor condition, these coins can be worth $500 or more, with the finest specimens selling for tens of thousands of dollars. An example in MS63 condition sold for $20,700 in 2009.
- Doubled Die Obverse (DDO): These errors, where the lettering or other features on the front of the coin appear doubled, can increase the coin’s value, potentially reaching over $1,000 depending on the grade and specific error.
- Doubled Die Reverse (DDR): Similar to DDO errors, these affect the reverse side of the coin and can also increase the value, possibly reaching around $1,500 based on grade and error specifics.
- Repunched Mintmark (RPM): A repunched mintmark occurs when the mintmark (D or S) was punched more than once, resulting in a slightly misaligned appearance. These errors can also increase the coin’s value.
- Condition/Grade: The state of preservation is crucial. Coins are graded on a scale from 1 (poor) to 70 (perfect uncirculated), [according to the U.S. Mint] . Higher grades generally lead to higher values.
- Mint Mark: 1936 Buffalo Nickels were minted in Philadelphia (no mintmark), Denver (D), and San Francisco (S). The San Francisco mint produced the fewest coins in 1936, making the 1936-S potentially more valuable in higher grades.
- Rarity: Coins with limited mintage figures or unique errors like the 3 1/2 Legs variety are inherently more valuable.
- Demand: The popularity of Buffalo Nickels and the specific varieties influences how much collectors are willing to pay.
- Historical Significance: The coin’s connection to historical events or periods can also play a role in its perceived value.
Note: It’s important to remember that these are just general guidelines, and the actual value can vary depending on various factors and market conditions. If you believe you have a valuable 1936 Buffalo Nickel, especially one with a potential error, it’s recommended to consult with a reputable coin dealer or consider having it professionally graded by services like PCGS or NGC.
What is the error on the 1936 Buffalo Nickel?
In 1936, the U.S. Mint branch in Denver produced 24,814,000 nickels as part of the Buffalo nickel series. However, among these millions of coins, approximately 300 extraordinary specimens were minted with a peculiar and now-famous error: a bison with only 3-1/2 legs instead of the intended four.
How do I know if I have a rare Buffalo Nickel?
Got them both graded. And this is my best grade. Even circulated grades sell for about $500. But the auction. Record $99,875. So make sure you’re looking for that valuable three-legged buffalo nickel.