Rare Buffalo Nickel Found In Pizza Change Now Valued At $601,000
In an extraordinary twist of fate, a rare Buffalo Nickel, casually handed over as change for a pizza, has been appraised at an astonishing $601,000.
This remarkable story underscores the hidden value that can lie within everyday pocket change.
What started as an ordinary dinner transaction became one of the most talked-about numismatic finds in recent history.
The Unlikely Discovery
In 2007, a teenager in Pennsylvania paid for a pizza using spare change, unknowingly including a Buffalo Nickel among the coins.
The delivery person, intrigued by the coin’s unique design and worn appearance, later took it to a local coin shop for evaluation.
To everyone’s surprise, the coin turned out to be a 1918/7-D Buffalo Nickel, a highly sought-after piece among rare coin collectors.
The Coin’s Unique Features
Upon examination, the coin was identified as a 1918/7-D Buffalo Nickel, a rare overdate error where the numeral “8” was struck over a “7”.
This minting anomaly is highly sought after by collectors due to its rarity and historical significance.
Overdates occur when a coin die is reused from a previous year, resulting in overlapping digits.
Key Characteristics:
- Type: Buffalo Nickel
- Year: 1918/7-D (Overdate Error)
- Mint Mark: D (Denver Mint)
- Composition: 75% copper, 25% nickel
- Weight: 5 grams
- Diameter: 21.2 mm
- Edge: Plain
- Designer: James Earle Fraser
This particular coin’s details, including the well-preserved overdate and clear imagery, played a key role in its high valuation.
The Buffalo Nickel: A Brief History
The Buffalo Nickel, also 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.
Fraser’s design was inspired by real individuals and animals from the American West, giving the coin deep historical roots.
Its rugged, all-American design has stood the test of time, making it one of the most beloved and collected coins in U.S. numismatic history.
Valuation and Rarity
The 1918/7-D overdate error is one of the most coveted coins among collectors. Its value is influenced by factors such as condition, rarity, and demand.
In uncirculated or mint state condition, this coin can fetch prices upwards of $350,000, with exceptional specimens reaching over $600,000 at auctions.
The reason this overdate is so valuable is its extreme scarcity. Only a small number of these error coins were ever produced, and even fewer have survived in good condition.
Comparative Value
| Coin Type | Year | Error/Variety | Estimated Value |
|---|---|---|---|
| 1916 Doubled Die Obverse | 1916 | DDO | $281,750 |
| 1918/7-D Overdate | 1918 | Overdate Error | $350,000 – $601,000 |
| 1937-D 3-Legged Buffalo | 1937 | Missing Leg Error | $99,875 |
The Importance of Coin Grading
The value of a coin is significantly impacted by its grade, which assesses its condition and quality.
The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) are leading organizations that provide standardized grading, ensuring authenticity and value assessment.
A high-grade Buffalo Nickel with rare characteristics can multiply in value exponentially.
When this specific coin was graded, it received high marks for detail and originality, solidifying its six-figure appraisal.
Collectors’ Frenzy and Auction Interest
The buzz surrounding this discovery sparked renewed interest in error coins and led to a surge in Buffalo Nickel sales across various auction platforms.
Collectors from around the world expressed interest in acquiring similar varieties, causing a notable uptick in demand and prices.
It also encouraged many people to check their own coin jars, old wallets, and inherited collections for forgotten treasures.
This incredible tale serves as a reminder that treasures can be found in the most unexpected places. A simple act of paying for pizza led to the discovery of a coin worth over half a million dollars.
It emphasizes the importance of being attentive to the coins we encounter daily, as they might hold significant historical and monetary value.
The 1918/7-D Buffalo Nickel continues to be a shining example of how history, artistry, and a bit of luck can combine to produce a life-changing discovery.
FAQs
What makes the 1918/7-D Buffalo Nickel so valuable?
The 1918/7-D Buffalo Nickel is an overdate error coin, where the numeral “8” was struck over a “7”. Such minting errors are rare and highly sought after by collectors, significantly increasing the coin’s value, especially in high grades.
How can I identify a valuable Buffalo Nickel?
Look for key errors (like overdates), check the date and mintmark, and assess the coin’s condition. Coins with clear designs, minimal wear, and unique features tend to have higher values. A professional grading service can confirm its authenticity and worth.
Are there other valuable Buffalo Nickels I should watch for?
Yes, coins like the 1916 Doubled Die Obverse and the 1937-D 3-Legged Buffalo Nickel are also extremely collectible. Their errors, rarity, and condition all contribute to their high auction values.