The numismatic world has been abuzz with excitement following the discovery of a rare 1937-D 3-Legged Buffalo Nickel found in an estate collection.
This remarkable error coin, cherished for its historical significance and rarity, continues to fascinate collectors and historians alike.
The Origin of the 3-Legged Buffalo Nickel
The 1937-D 3-Legged Buffalo Nickel was created due to an overzealous attempt to fix die clashes at the Denver Mint. In the process of polishing the dies, a mint worker inadvertently removed the buffalo’s front right leg from the design.
As a result, coins struck from this die appeared to show a buffalo with only three legs. Roughly 10,000 to 20,000 examples of this error are believed to have been released into circulation before the mistake was caught and corrected.
Design Features and Diagnostics
James Earle Fraser designed the Buffalo Nickel, featuring a Native American portrait on the obverse and an American bison on the reverse. Key indicators that distinguish the rare 3-Legged variety include:
- Absence of the buffalo’s front right leg.
- A worn or “moth-eaten” look on the rear leg.
- A visible die polishing line (“stream”) underneath the buffalo’s belly.
- Noticeable spacing between the letters “E” and “P” in “E PLURIBUS UNUM” on the reverse.
These characteristics are essential for confirming a genuine 3-Legged Buffalo Nickel and separating authentic pieces from altered ones.
Market Value and Recent Sales
The market value of a 1937-D 3-Legged Buffalo Nickel depends greatly on its grade and condition:
| Grade | Estimated Value (USD) |
|---|---|
| Fine (F-12) | $500 – $1,000 |
| Very Fine (VF-20) | $1,000 – $2,000 |
| Extremely Fine (XF-40) | $2,000 – $5,000 |
| About Uncirculated (AU-50) | $5,000 – $10,000 |
| Mint State (MS-60) | $10,000 – $20,000 |
| Gem Mint State (MS-65) | $50,000 – $100,000 |
A standout example graded MS66+ was sold for nearly $100,000 in 2021, highlighting the exceptional demand for high-grade specimens.
The Recent Estate Discovery
The newly found 1937-D 3-Legged Buffalo Nickel from an estate box has reignited enthusiasm among coin collectors. Professional graders and numismatic experts are currently assessing its condition and authenticity.
This exciting discovery serves as a reminder that hidden treasures often lie in ordinary places, waiting to be revealed by those with a keen eye for history.
FAQs
How can I verify if my 1937-D Buffalo Nickel is the 3-Legged variety?
To confirm authenticity, check for the missing front right leg, a die polishing line beneath the buffalo’s belly, and other specific die markers. It’s highly recommended to have the coin evaluated by a professional coin grading service or an experienced numismatist.
Are there counterfeit 3-Legged Buffalo Nickels?
Yes, because of the coin’s significant value, counterfeit or altered versions do exist. True 3-Legged Buffalo Nickels have identifiable die characteristics that experts use for verification.
Where can I sell a 1937-D 3-Legged Buffalo Nickel?
Selling through reputable coin dealers, major auction houses, or established online numismatic platforms is advisable. Having the coin authenticated and graded will help maximize its market value.
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