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The Buffalo Nickel, also known as the Indian Head Nickel, is one of the most iconic coins in American history. Designed by James Earle Fraser, this coin was first minted in the early 20th century and has captured the hearts of collectors ever since. Among the many versions of this coin, the Buffalo Nickel with PCGS #3937 stands out.

Struck at the Philadelphia Mint in 1913, this coin had a massive mintage of over 32 million pieces. Yet, despite being a common date, its value can skyrocket in top condition — one high-grade example even sold for $55,200 at auction.

Let’s look into the details of this historic coin, why it is so admired, and what makes it a must-have for collectors.

Design

James Earle Fraser’s design for the Buffalo Nickel is considered one of the most artistic and meaningful in U.S. coin history. The obverse (front) of the coin features a powerful profile of a Native American man.

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Fraser revealed that this image was a composite, combining the features of multiple real Native American chiefs, creating a dignified and respectful representation of Native American culture.

The reverse (back) of the coin displays a strong American bison, commonly known as a buffalo. This animal is a symbol of the American frontier, representing the untamed spirit of the United States in the early 20th century. The PCGS #3937 is identified as a Type 1 Buffalo Nickel, where the buffalo stands on a raised mound.

Specifications

Here are the key specifications of the 1913 Buffalo Nickel (PCGS #3937):

These specifications are essential for collectors as they help verify the authenticity of the coin and know its characteristics.

Historical Significance and Mintage

The Buffalo Nickel series was minted from 1913 to 1938, making it one of the most recognized coins of its time. The PCGS #3937 is an early example from 1913 and features the original Type 1 design. Over 32 million of these coins were struck at the Philadelphia Mint, which is why this version has no mintmark.

Despite the high mintage, the passage of time has taken its toll on these coins. Most were heavily circulated, which means that finding one in excellent condition is now a challenge. That’s why high-grade examples have become highly desirable to collectors.

Value and Record-Breaking Auction Sale

Even though the PCGS #3937 is a common-date Buffalo Nickel, its value can soar when it is found in top condition. Collectors are willing to pay a premium for coins that have been well-preserved, with sharp details and minimal wear.

This was proven when a high-quality specimen of the 1913 Buffalo Nickel (PCGS #3937) sold for an incredible $55,200 at auction.

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This shows how even a coin with a high mintage can become extremely valuable if it is rare in top condition.

Why Collectors Love the Buffalo Nickel (PCGS #3937)

Collectors admire this coin for several reasons:

• Artistic Design: Fraser’s design is a masterpiece, blending Native American heritage and American wildlife.
• Cultural Significance: It captures the spirit of early America, both in its imagery and in its history.
• Collector Rarity: Despite being a common date, finding a high-grade specimen is a challenge.
• Strong Market Demand: High-quality examples regularly fetch high prices at auctions.

Should You Add One to Your Collection?

The Buffalo Nickel (PCGS #3937) is an excellent choice for any coin collector. Its stunning design, cultural value, and potential for high value in top condition make it a timeless addition to any collection. Even if you find one in average condition, it is still a piece of American history worth keeping.

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