The 1935 Buffalo Indian Head Nickel is a fascinating piece of American numismatic history. This coin, also known as the “Buffalo Nickel,” is not only a collector’s item but also a symbol of the rich cultural heritage of the United States. This article will delve into the history, significance, and value of the 1935 Buffalo Indian Head Nickel, providing a comprehensive guide for enthusiasts and collectors alike.
The History of the Buffalo Nickel
The Buffalo Nickel was first introduced in 1913 as a replacement for the Liberty Nickel. Designed by James Earle Fraser, the coin features a Native American chief on the obverse and a buffalo on the reverse. The design was chosen to honor the Native American culture and the iconic American bison.
The 1935 Buffalo Nickel is particularly notable because it was the last year of production for this specific design. The coin was minted in Philadelphia, Denver, and San Francisco, with each mint producing a unique set of coins. The 1935 Buffalo Nickel is one of the rarest and most sought-after coins in American numismatics.
The Design and Significance of the 1935 Buffalo Indian Head Nickel
The 1935 Buffalo Indian Head Nickel is renowned for its unique design and cultural significance. The obverse of the coin features a Native American chief, often referred to as “Big Head” or “Indian Head,” with a headdress adorned with feathers. The reverse depicts a buffalo, or American bison, standing proudly. The design is both aesthetically pleasing and culturally significant, reflecting the rich history and heritage of the United States.
The 1935 Buffalo Nickel is also notable for its use of the “Buffalo Nickel” name, which was not used for the coin until the 1960s. The coin was originally known as the “Indian Head Nickel” or simply the “Nickel.” The name “Buffalo Nickel” was coined by collectors and enthusiasts to distinguish the coin from other nickels.
The Value of the 1935 Buffalo Indian Head Nickel
The value of the 1935 Buffalo Indian Head Nickel can vary greatly depending on several factors, including its condition, rarity, and the mint mark. The coin is highly sought after by collectors, and high-grade specimens can command significant prices at auction.
The 1935 Buffalo Nickel is particularly valuable when it is in mint condition. Mint condition refers to a coin that has not been circulated and shows no signs of wear or damage. High-grade specimens can sell for thousands of dollars, with some rare examples commanding prices in excess of $10,000.
The mint mark on the 1935 Buffalo Nickel can also affect its value. The coin was minted in Philadelphia (no mint mark), Denver (D), and San Francisco (S). Coins minted in Denver and San Francisco are generally more valuable than those minted in Philadelphia due to their rarity.
The Rarity of the 1935 Buffalo Indian Head Nickel
The 1935 Buffalo Indian Head Nickel is considered one of the rarest coins in American numismatics. The coin was minted in relatively small quantities, with only a few thousand coins produced in each mint. The rarity of the coin is further compounded by the fact that many of the coins have been lost or damaged over the years.
The 1935 Buffalo Nickel is particularly rare in high-grade condition. Only a small number of coins have been graded as Mint State 65 or higher by professional grading services such as PCGS and NGC. These high-grade coins are highly sought after by collectors and can command significant prices.
How to Identify a 1935 Buffalo Indian Head Nickel
Identifying a 1935 Buffalo Indian Head Nickel can be a challenging task, especially for those who are new to numismatics. There are several key features to look for when identifying this coin:
1. Date: The date on the coin is “1935.” This is the most obvious indicator of the coin’s year of minting.
2. Mint Mark: The mint mark on the coin can be “D” (Denver), “S” (San Francisco), or no mint mark (Philadelphia).
3. Design: The obverse of the coin features a Native American chief, and the reverse features a buffalo. The design is unique to the Buffalo Nickel and is not found on any other American coin.
4. Condition: The condition of the coin is crucial when identifying a 1935 Buffalo Nickel. High-grade coins will have no signs of wear or damage, while lower-grade coins may show signs of circulation or damage.
The Market for the 1935 Buffalo Indian Head Nickel
The market for the 1935 Buffalo Indian Head Nickel is robust and active. The coin is highly sought after by collectors, and high-grade specimens can command significant prices at auction. The market for the coin is driven by several factors, including its rarity, historical significance, and aesthetic appeal.
The 1935 Buffalo Nickel is often sold at auction by professional numismatic firms such as Heritage Auctions and Stack’s Bowers. These firms specialize in the sale of rare and valuable coins and can provide expert appraisal and authentication services.
The market for the 1935 Buffalo Nickel is also driven by the coin’s cultural significance. The coin is a symbol of the rich cultural heritage of the United States and is often sought after by collectors who are interested in American history and culture.
How to Care for Your 1935 Buffalo Indian Head Nickel
Caring for your 1935 Buffalo Indian Head Nickel is essential to preserving its value and beauty. Here are some tips for caring for this coin:
1. Store the Coin Properly: Store the coin in a protective holder or case to prevent damage from handling or environmental factors. Avoid storing the coin in direct sunlight or in a humid environment.
2. Handle the Coin with Care: When handling the coin, use tweezers or gloves to avoid leaving fingerprints or oils on the surface. Avoid touching the coin directly with your bare hands.
3. Clean the Coin Gently: If the coin needs to be cleaned, use a soft cloth or cotton swab with a mild cleaning solution. Avoid using harsh chemicals or abrasive materials, as these can damage the coin’s surface.
4. Inspect the Coin Regularly: Regularly inspect the coin for signs of wear or damage. If the coin shows signs of damage, consult a professional numismatic expert for advice on how to repair or restore it.
The Future of the 1935 Buffalo Indian Head Nickel
The future of the 1935 Buffalo Indian Head Nickel is uncertain, but it is likely that the coin will continue to be highly sought after by collectors and enthusiasts. The coin’s rarity, historical significance, and aesthetic appeal make it a valuable addition to any numismatic collection.
As the coin ages, its value is likely to increase, especially if it is in high-grade condition. The coin’s rarity and cultural significance will continue to drive demand, and high-grade specimens are likely to command significant prices at auction.
Conclusion
The 1935 Buffalo Indian Head Nickel is a fascinating and valuable piece of American numismatic history. This coin, with its unique design and cultural significance, is highly sought after by collectors and enthusiasts alike. Whether you are a seasoned numismatist or a newcomer to the world of coin collecting, the 1935 Buffalo Indian Head Nickel is a coin that is sure to captivate and inspire.
By understanding the history, significance, and value of the 1935 Buffalo Indian Head Nickel, you can make informed decisions about collecting and caring for this iconic coin. Whether you are looking to add this coin to your collection or simply want to learn more about its fascinating history, this comprehensive guide has provided you with the information you need to appreciate and understand this remarkable piece of American numismatics.