1920 Buffalo Nickel
The 1920 Buffalo Nickel, also known as the Indian Head Nickel, is a classic American coin minted from 1913 to 1938. Featuring a Native American profile on the obverse and a buffalo on the reverse, this coin is highly collectible. Its value varies significantly based on condition and mint mark, with circulated examples typically worth $1 to $25, while uncirculated coins can fetch $100 to over $1,500. Coins minted in Denver (D) and San Francisco (S) are especially prized due to their lower mintages.
AUCTION RECORD: $12,650 • MS67
Image source: PCGS
This special coin has many distinct features that make it popular with collectors. The reverse features the iconic buffalo design, for which the coin is called. Atop the buffalo is “United States of America,” with the phrase “E Pluribus Unum” to its right. Underneath the Five Cent denomination on the bottom is a small S, the mint mark for San Francisco. On the obverse, the words “Liberty” run alongside the Indian head, with the date on the lower left of the coin. Underneath the date is the letter “F,” the initial of the sculptor James Earle Fraser.
The Roaring Twenties
The Roaring Twenties was a decade of economic growth and widespread prosperity, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods. This meant that coins like the nickel were key for the average American’s spending power. Post World War I, many western countries like the United States felt the surge of economic growth, leading to innovations in the automobile, medical, fashion, radio and movie industries.
1920 Buffalo Nickel Value
The value of a 1920 Buffalo Nickel ranges from about $1 to $25 in circulated condition, with prices escalating significantly for uncirculated, mint-state coins, which can fetch between $100 and over $1,500 depending on their grade and mint mark. Coins minted in Denver (D) and San Francisco (S) are generally more valuable due to their lower mintages. For the most accurate valuation, consider the coin’s condition, mint mark, and rarity.
Finding a 1920 Buffalo nickel is important to many collectors, and an exciting addition to any collection. Like many older coins, the value is tied to the condition of the coin. Stay on the lookout for clear edges on the design, and a clear engraving of the date, mint mark, and cent-value. Highly circulated coins go for, on average, around a dollar and fifty cents - making this an affordable coin to kick off a collection. A mint condition coin is valued at almost seventy dollars.
Type of coin: Nickel
Year: 1920
Mint Mark: No mint mark
Total mintage: 63,093,000
Metal content: 75% Copper, 25% Nickel
Face value: Five Cents
Weight: 5 grams
Edge: Plain
Designer: James Earle Fraser
Diameter: 21.2 millimeters
FAQ
1. What is the value of a 1920 Buffalo Nickel?
The value of a 1920 Buffalo Nickel ranges from $1 to $25 in circulated condition. In uncirculated, mint-state condition, the value can go from $100 to over $1,500, depending on the coin's grade and mint mark.
2. How can I determine the condition of my 1920 Buffalo Nickel?
The condition of a 1920 Buffalo Nickel is determined by its level of wear and the clarity of its details. Coins are graded on a scale from Good (G) to Mint State (MS), with factors such as the legibility of the date and mint mark, and the amount of wear on the high points of the design.
3. What are the key features of a 1920 Buffalo Nickel?
The key features include the profile of a Native American on the obverse and an American bison on the reverse. The date "1920" should be clearly visible on the obverse, and mint marks (if present) are located under the words "FIVE CENTS" on the reverse.
4. Are there any rare varieties of the 1920 Buffalo Nickel?
The 1920 Buffalo Nickel has no major known varieties, but coins with strong strikes and minimal wear are more valuable. However, coins with a distinct "D" (Denver) or "S" (San Francisco) mint mark are rarer and can command higher prices.
5. Where was the 1920 Buffalo Nickel minted?
The 1920 Buffalo Nickel was minted in Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark).
6. How can I tell if my 1920 Buffalo Nickel is genuine?
Authentic 1920 Buffalo Nickels will have specific details in their design, including the quality of the engraving and the location of mint marks. Consulting a professional coin dealer or grading service can confirm authenticity.
7. What factors affect the value of a 1920 Buffalo Nickel?
Factors that affect the value include the coin's condition, rarity, demand, and whether it has any unique features such as a full date or strong details. Coins with higher grades and clear mint marks are more valuable.
8. Is the 1920 Buffalo Nickel made of silver?
No, the 1920 Buffalo Nickel is made of a copper-nickel alloy, containing 75% copper and 25% nickel.
9. Can I find 1920 Buffalo Nickels in circulation today?
It is unlikely to find 1920 Buffalo Nickels in circulation today as they have been out of production for many years and are now considered collectibles.
10. What is the historical significance of the 1920 Buffalo Nickel?
The 1920 Buffalo Nickel is part of the series designed by James Earle Fraser, which symbolizes America's Western heritage. The design was in circulation from 1913 to 1938 and is a favorite among collectors for its artistic and historical value. The year 1920 is significant as it reflects the post-World War I era and the beginning of the Roaring Twenties.