The 1934-D Buffalo Nickel is a notable coin among collectors due to its relative scarcity, especially in higher grades.
While not rare in circulated conditions, its value significantly increases in uncirculated states, making it a sought-after piece for numismatists.
Historical Context and Design
Introduced in 1913, the Buffalo Nickel, also known as the Indian Head Nickel, features:
- Obverse: A profile of a Native American chief, representing the nation’s indigenous heritage.
- Reverse: An American bison, symbolizing the American West’s spirit.
The 1934-D variety was minted in Denver, as indicated by the ‘D’ mint mark.
Mintage Figures
In 1934, the Denver Mint produced approximately 7,480,000 Buffalo Nickels. This mintage is relatively modest compared to other years, contributing to the coin’s desirability among collectors.
Grading and Value
The value of the 1934-D Buffalo Nickel varies based on its condition:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $1.50 |
| Fine (F-12) | $4.00 |
| Extremely Fine (EF-40) | $20.00 |
| Uncirculated (MS-60) | $45.00 |
Values are approximate and can fluctuate based on market demand and coin quality.
Rarity in Higher Grades
While the 1934-D Buffalo Nickel is not exceedingly rare in lower grades, it becomes significantly scarcer in higher conditions:
- Mint State (MS): Coins in uncirculated condition are harder to find, with prices reaching up to $400 for MS-65 grades.
- Gem Condition (MS-66 and above): Exceptional specimens with sharp details and full horn strikes are extremely rare, elevating their value substantially.
Identifying Characteristics
Collectors should be attentive to the following features when assessing the 1934-D Buffalo Nickel:
- Strike Quality: Many coins from this year exhibit weak strikes, particularly affecting the buffalo’s horn detail. A well-struck coin with clear horn definition is more valuable.
- Luster and Preservation: Coins with original mint luster and minimal wear are more sought after.
The 1934-D Buffalo Nickel serves as a testament to the enduring appeal of American coinage. While not the rarest in the Buffalo Nickel series, its scarcity in higher grades and unique characteristics make it a valuable addition to any collection.
Collectors should focus on obtaining well-preserved specimens with strong strikes to maximize their investment.
FAQs
What factors influence the value of a 1934-D Buffalo Nickel?
The coin’s condition, strike quality, and preservation significantly impact its value. Well-preserved coins with clear details, especially in higher grades, are more valuable.
How can I determine the authenticity of my 1934-D Buffalo Nickel?
Consulting reputable coin dealers or submitting the coin to professional grading services can help verify its authenticity.
Are there any known varieties of the 1934-D Buffalo Nickel?
While the 1934-D is primarily recognized for its standard design, some coins may exhibit minor die variations. However, no major varieties are officially documented.