1935 Buffalo Nickel Found In Coat Pocket At Thrift Store Sells for $64,500
In a remarkable turn of events, a rare 1935 Buffalo Nickel was discovered in the pocket of a coat purchased from a thrift store and later sold at auction for an astounding $64,500.
This unexpected windfall has captured the attention of coin collectors and enthusiasts alike, highlighting the hidden treasures that can sometimes be found in the most unassuming places.
The Discovery
The coin was found by a shopper who had purchased a vintage coat from a local thrift store.
Upon inspecting the coat at home, they discovered the nickel tucked away in one of the pockets.
Recognizing its potential value due to its age and condition, the finder consulted with a numismatic expert, who confirmed that the coin was indeed a rare and valuable specimen.
Why This 1935 Buffalo Nickel Is So Valuable
While 1935 Buffalo Nickels are generally common, certain factors can significantly increase their value:
- Mint Mark: Coins minted in Denver (D) and San Francisco (S) are often more valuable than those from Philadelphia.
- Condition: Coins in Mint State (MS) condition, especially those graded MS-67 or higher, are extremely rare and sought after.
- Errors: Nickels with minting errors, such as Doubled Die Reverse (DDR) or Repunched Mint Marks (RPM), can fetch high prices.
In this case, the coin’s exceptional condition and potential minting anomalies contributed to its high auction price.
1935 Buffalo Nickel Value Guide
| Type | Condition | Estimated Value |
|---|---|---|
| 1935 (No Mint Mark) | MS-67 | $950 |
| 1935-D (Denver Mint) | MS-67 | $7,250 |
| 1935-S (San Francisco Mint) | MS-67 | $4,000 |
| Doubled Die Reverse (DDR) | MS-65 | $104,650 |
| Repunched Mint Mark (RPM) | MS-65 | $1,500 |
Note: Values are approximate and can vary based on market demand.
The Auction
After authentication and grading, the coin was put up for auction, where it attracted significant attention from collectors. The bidding was competitive, ultimately culminating in a final sale price of $64,500.
This sale underscores the high demand for rare and well-preserved coins among numismatists.
Understanding the Buffalo Nickel
The Buffalo Nickel, also known as the Indian Head Nickel, was minted from 1913 to 1938. Designed by James Earle Fraser, the coin features a Native American profile on the obverse and an American bison on the reverse.
The 1935 edition is notable for being among the last years of the series, making high-grade specimens increasingly rare.
This extraordinary find serves as a reminder that valuable collectibles can sometimes be hidden in plain sight.
Whether tucked away in a coat pocket or stored in an old jar, rare coins like the 1935 Buffalo Nickel continue to captivate and reward those with a keen eye.
For collectors and casual enthusiasts alike, this story is a testament to the enduring allure of numismatics.
FAQs
How can I determine if my Buffalo Nickel is valuable?
Examine the coin for mint marks (D or S), check its condition, and look for any minting errors. Consulting with a professional grader or numismatist can provide an accurate assessment.
What are common errors in Buffalo Nickels that increase value?
Notable errors include Doubled Die Reverse (DDR) and Repunched Mint Marks (RPM). These anomalies can significantly enhance a coin’s worth.
Where can I sell a valuable coin?
Reputable auction houses, coin dealers, and online platforms specializing in numismatics are good places to sell rare coins. Ensure the coin is authenticated and graded for the best results.