The 1938-D Buffalo Nickel
The Buffalo nickel had been in circulation for the minimum 25 years, and when it was replaced, there was very little protest or discussion about the design change. The ongoing problems of die life and weak striking had never been solved, and Mint officials were desperate for a new design. In January 1938, the Mint announced a new nickel design, which featured early President Thomas Jefferson on the obverse, and Jefferson's home, Monticello on the reverse.
Variations of the 1938-D Buffalo Nickel
Some collectors may note that their coin says 1938-D/S, which was caused by dies bearing an "S" mintmark being repunched with a "D" and used to strike coins at Denver. While the actual course of events is uncertain, scholars think the variety was created because Buffalo nickel dies intended for the San Francisco mint were repunched with the "D" and sent to Denver so they would not be wasted. The 1938-D/S was the first repunched mintmark of any US coin to be discovered, causing great excitement among numismatists when the variety came to light in the 60s.
1938-D Buffalo Nickel Values
An average 1938-D Buffalo nickel is valued at around three dollars and fifty cents. However, stay on the lookout for a higher quality coin. Like many older coins, the value is tied to the condition of the coin. Collectors should look for clear edges on the design, and a clear engraving of the date, mint mark, and cent-value. These coins are highly sought after, and a mint condition 1938-D Buffalo nickel is worth almost twenty-five dollars.
Type of coin: Nickel
Year: 1938
Mint Mark: Denver
Total mintage: 7,020,000
Metal content: 75% Copper, 25% Nickel
Face value: Five Cents
Weight: 5 grams
Edge: Plain
Designer: James Earle Fraser
Diameter: 21.2 millimeters