Through its storied history, the US Mint has produced a wide variety of coins, some of which are valuable to collectors, others that aren’t. One of the more attractive collections is the Buffalo Nickel, which was produced during the early parts of the 20th century. Though these coins were produced so long ago, they are still quite popular today amongst collectors.
While collectors will break an arm and a leg trying to get their hands on these coins, they will only go through extreme effort to get their hands on one of these coins that are in excellent shape. That is why you will see the most well-preserved pieces selling for prices far higher than other, less well-preserved coins.
For collectors, the first thing that is looked at on coins as old as the 1937 Buffalo Nickel is the condition the coin is in. Collectors, striving to attain attractive collections, are always going to want to get their hands on the coins that have survived the years without too much damage. This, however, is not always such an easy task to accomplish.
Normally, the process of grading a coin is done by a professional company, but not everyone has the time and money to send their collectors’ items away for grading. By using the specifications below, however, you will be able to gain a good idea of what qualities are possessed by coins of specific grades.
Uncirculated: An Uncirculated Buffalo Nickel is one that never spent any time in circulation and did not incur any damage as a result. These coins appear perfect in almost every way and, even under close inspection, will not show any signs of wear and tear. Even the original luster, which was applied by the mint during the production process, will have been preserved so that the coin still has a shine to it.
Extremely Fine: Coins given this grade were circulation, but not for any extended period of time. They will appear to be mostly pristine, but upon closer inspection will show some light signs of wear and tear. Unfortunately, the coin’s original luster will have likely faded away, but the coin does not look as old as it actually is.
Fine: To receive this grade, the coin in question will have had to been circulated for a decent amount of time. Through the exchanging of hands over the years, these coins will have incurred some light damage. Most often, you will find that the heaviest of the light damage will have occurred near the front legs of the buffalo and/or near the Indian’s cheekbones.
Good: A coin deserving of this grade is one that spent an exorbitant amount of time being circulated and will have incurred a good amount of damage along the way. These coins will play host to plenty of scratching and other blemishes and will appear generally torn and tattered. These are far and away the most affordable 1937 Buffalo Nickels on the market today.
When it comes to the Buffalo Nickel, determining an exact price is not so simple because a few different factors play into it. For one, the exact type of Buffalo Nickel you have plays into the price. Because multiple types of Nickels were produced every year, this is something to pay attention to. Beyond that, the condition of the coin will affect the price you pay. The chart below will give you a good idea as to what price you will pay for a 1937 Buffalo Nickel given its type and condition.
1937 Buffalo Nickel
|1937 S||$1||$1.75||$5||$9||Source: Red Book|