1936 D-S Three-Legged Buffalo Nickel Sold For $21,000
In the realm of numismatics, certain coins captivate collectors due to their rarity and unique features. One such coin, the 1936-D 3½-Legged Buffalo Nickel, recently garnered attention by selling for $21,000 at auction.
This coin stands out not just for its age but for the distinctive minting error that gives it its name.
Understanding the 1936-D 3½-Legged Buffalo Nickel
The Buffalo Nickel, officially known as the Indian Head Nickel, was minted from 1913 to 1938. Designed by sculptor James Earle Fraser, the coin features a Native American profile on the obverse and an American bison on the reverse.
The 1936-D 3½-Legged variety is a result of over-polishing during the minting process at the Denver Mint.
This excessive polishing led to the partial removal of the buffalo’s front right leg, giving the appearance of only three and a half legs. Such errors were not uncommon, but this particular variety is especially rare and sought after by collectors.
Auction Highlights and Market Value
The recent sale of a 1936-D 3½-Legged Buffalo Nickel for $21,000 underscores the coin’s value in the collectors’ market. Factors influencing its worth include its rarity, condition, and the prominence of the minting error.
Here’s a breakdown of the coin’s estimated values based on condition:
| Grade | Estimated Value (USD) |
|---|---|
| Good (G-4) | $500 |
| Very Good (VG-8) | $675 |
| Fine (F-12) | $1,150 |
| Very Fine (VF-20) | $1,175 |
| Extremely Fine (XF-40) | $3,300 |
| About Uncirculated (AU-50) | $5,850 |
| Mint State 61 (MS-61) | $15,000 |
| Mint State 63 (MS-63) | $25,000 |
Note: Values are approximate and can vary based on market demand.
Rarity and Authentication
The 1936-D 3½-Legged Buffalo Nickel is considered one of the more dramatic die error varieties. While the exact number of these coins minted is unknown, it’s estimated that only a few hundred exist today, with most in circulated condition. Uncirculated examples are exceedingly rare.
Given the coin’s value and the prevalence of counterfeits, authentication by reputable grading services like PCGS or NGC is crucial.
These organizations assess the coin’s authenticity and condition, providing a grade that significantly influences its market value.
Collector’s Insight
For numismatists, the 1936-D 3½-Legged Buffalo Nickel represents a fascinating blend of history, artistry, and minting anomaly.
Its unique error, combined with its scarcity, makes it a prized addition to any collection. Collectors are advised to seek authenticated examples and be wary of replicas or altered coins.
The 1936-D 3½-Legged Buffalo Nickel stands as a testament to the intriguing anomalies that can occur in coin minting.
Its recent $21,000 sale highlights the coin’s significance and desirability in the numismatic community. For collectors and enthusiasts, this coin is not just a piece of currency but a captivating slice of American history.
FAQs
How can I identify a 1936-D 3½-Legged Buffalo Nickel?
Look for the missing portion of the buffalo’s front right leg on the reverse side. The “D” mintmark, indicating the Denver Mint, should be located below the “FIVE CENTS” inscription. For confirmation, consult a professional grading service.
Why is this coin so valuable?
Its value stems from the rarity of the minting error, limited surviving specimens, and high demand among collectors. Coins in better condition fetch higher prices.
Are there other similar error coins?
Yes, the 1937-D 3-Legged Buffalo Nickel is another famous error coin resulting from over-polishing, where the buffalo’s front leg is entirely missing.