1934 Buffalo Nickel
The 1934 Buffalo nickel was minted in the highest numbers in the Buffalo nickel series, with over two hundred million of these coins struck. It was not until well into 1934 that the demand for additional pieces finally prompted the first coinage of nickels at Philadelphia since 1930. By this time the practice of setting aside fresh rolls of each coin issue was becoming a familiar ritual for many collectors, and this issue is plentiful in Mint State. Many of these coins are less than fully struck, with the center of the Indian portrait and the highest point of the bison's coat almost always being incomplete. Continue reading to learn more about 1934 Buffalo Nickel Value.
AUCTION RECORD: $12,000 • MS67+
Image source: PCGS
Hobo Nickels
When the Indian Head nickel, or Buffalo nickel, was introduced in 1913, it became popular among coin engravers. These engraved coins became colloquially known as “Hobo nickels.” On the Buffalo nickel, the Native American's head occupies about five-sixths of the area. Another factor contributing to the Buffalo nickel's popularity was the subject. Nearly all previous coins had depicted women, and the male head had larger, coarser features that could be altered in many ways. Even the buffalo on the reverse could be changed into another animal or a man with a backpack.
1934 Buffalo Nickel Value
Many coin-collectors are on the lookout for a high quality 1934 Buffalo nickel, which holds an average value of one dollar and twenty-five cents. However, like many older coins, the value is tied to the condition of the coin. Stay on the lookout for clear edges on the Buffalo and Indian head designs, and a clear engraving of the date, “E Pluribus Unum,” and “Liberty,” and cent-value. A mint condition coin is valued up to fifty dollars.
Type of coin: Nickel
Year: 1934
Mint Mark: None
Total mintage: 202,113,003
Metal content: 75% Copper, 25% Nickel
Face value: Five Cents
Weight: 5 grams
Edge: Plain
Designer: James Earle Fraser
Diameter: 21.2 millimeters
While the 1934 Buffalo Nickel itself is not considered one of the rarest in the series, certain varieties or conditions can make specific coins more valuable to collectors. The value of a 1934 Buffalo Nickel largely depends on its condition, mint mark, and any unique variations. Here are some considerations for the 1934 Buffalo Nickel and its potential values:
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1934 Buffalo Nickel (No Mint Mark): The no mint mark version indicates it was minted in Philadelphia. In general circulation grades, its value might be a few dollars, but in uncirculated condition (MS60 and above), the value can range from $30 to over $100, depending on the exact grade.
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1934-D Buffalo Nickel: The "D" mint mark indicates it was minted in Denver. The 1934-D is more valuable than its Philadelphia counterpart, especially in higher grades. In circulated conditions, it might fetch $10 to $20, but uncirculated examples (MS60 and above) can command prices from $100 to several hundred dollars, with the price increasing significantly for coins in MS65 and higher grades.
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1934-S Buffalo Nickel: The "S" mint mark indicates it was minted in San Francisco. The 1934-S is considered the scarcest of the 1934 Buffalo Nickels, especially in higher grades. While circulated coins might be worth around $10 to $30, uncirculated examples can range from $200 to over $1,000, with premiums for coins in superb condition.
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Special Varieties and Errors: While there are no widely recognized major errors or varieties for the 1934 Buffalo Nickel, collectors should always be on the lookout for any unique features or minting errors that could increase a coin's value.
FAQ
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What is a 1934 Buffalo Nickel? A 1934 Buffalo Nickel is a five-cent piece that was part of the Buffalo Nickel series minted by the United States from 1913 to 1938. It features the iconic design of a Native American on the obverse and an American bison on the reverse.
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How can I identify a 1934 Buffalo Nickel? You can identify a 1934 Buffalo Nickel by looking at the date below the depiction of the Native American on the obverse side of the coin. There will not be a mint mark if it was minted in Philadelphia; however, coins minted in Denver and San Francisco will have a "D" or "S" mint mark respectively, located below the buffalo on the reverse.
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What makes the 1934 Buffalo Nickel valuable? The value of a 1934 Buffalo Nickel is primarily determined by its condition, mint mark, and rarity. Coins in higher grades (especially uncirculated conditions) and those with the "D" or "S" mint marks are generally more valuable.
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What is the most valuable 1934 Buffalo Nickel? The most valuable 1934 Buffalo Nickel is typically the 1934-S, especially in higher grades. Its value can significantly exceed those minted in Philadelphia or Denver due to its lower mintage and higher demand among collectors.
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How much is a 1934 Buffalo Nickel worth? The worth of a 1934 Buffalo Nickel can range from a few dollars for coins in circulated condition to several hundred dollars for those in uncirculated condition, with the 1934-S in high grades being the most valuable.
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Are there any rare errors found in 1934 Buffalo Nickels? While the 1934 Buffalo Nickel series is not particularly known for major errors, collectors should always be on the lookout for minor variations or errors that could increase a coin's rarity and value.
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How many 1934 Buffalo Nickels were minted? In 1934, there were 20,213,003 Buffalo Nickels minted in Philadelphia, 7,480,000 in Denver (1934-D), and 1,300,000 in San Francisco (1934-S), making the 1934-S the least minted and most sought after by collectors.
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Is the 1934 Buffalo Nickel made of silver? No, the 1934 Buffalo Nickel is not made of silver. It is composed of 75% copper and 25% nickel, like other coins in the Buffalo Nickel series.
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How do I care for and preserve my 1934 Buffalo Nickel? To care for and preserve your 1934 Buffalo Nickel, handle it by the edges to avoid transferring oils from your skin, store it in a cool, dry place, and use acid-free holders or albums to prevent corrosion and environmental damage.
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Where can I sell my 1934 Buffalo Nickel? You can sell your 1934 Buffalo Nickel to coin dealers, at coin shows, through online auction sites, or to collectors directly. Ensure you have a good idea of its condition and value before selling, and consider getting it professionally graded for higher-value coins.
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