The 1936-D 3-1/2 Legs Buffalo Nickel is a fascinating and rare coin cherished by numismatists. This coin, which originated from a minting error at the Denver Mint, is part of the well-known
Buffalo Nickel series and has a unique appearance. This article explores the history, identifying features, and value of this intriguing coin, providing insight into why it remains a prized possession among coin collectors.
The Buffalo Nickel Series: A Brief Overview
The Buffalo Nickel, also called the Indian Head Nickel, was minted from 1913 to 1938. Designed by James Earle Fraser, it features a Native American chief on the front and an American buffalo on the back,
capturing the essence of early 20th-century America. The 1936-D 3-1/2 Legs Buffalo Nickel is one of the most notable coins in this series due to its unique appearance caused by a minting error.
The Origins of the 1936-D 3-1/2 Legs Buffalo Nickel
The origin of this unique coin can be traced to a minting error at the Denver Mint. During production, one of the dies used to mint the reverse side of the coin was over-polished, leading to the partial removal of the buffalo’s front leg. This error resulted in the “3-1/2 legs” variety, where only three full legs and a faint stump of the fourth leg are visible.
How the Error Happened
The error occurred when a mint employee polished the die excessively, accidentally erasing part of the buffalo’s front leg. As this mistake was not caught immediately, several coins were produced before the die was corrected. This incident led to the creation of a rare and sought-after variety in the Buffalo Nickel series.
Identifying the 1936-D 3-1/2 Legs Buffalo Nickel
If you want to identify a genuine 1936-D 3-1/2 Legs Buffalo Nickel, here’s what to look for:
- Mint Mark: Look for the “D” mark, indicating it was minted in Denver.
- Partial Leg: The buffalo’s front leg is partially missing, with only three full legs and a faint stump.
- Obverse and Reverse Details: The front features a Native American chief, while the reverse includes “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” and “FIVE CENTS.”
Market Value of the 1936-D 3-1/2 Legs Buffalo Nickel
The value of this rare coin depends on its condition. Here is a general idea of its market value:
- Good (G-4): $400 – $600
- Very Fine (VF-20): $1,200 – $2,000
- Extremely Fine (EF-40): $3,500 – $5,000
- Uncirculated (MS-60): $8,000 – $12,000
- Uncirculated (MS-65): $15,000 – $25,000
Prices can fluctuate based on auction results, market demand, and the coin’s overall condition. Coins with sharp details and higher grades are typically more valuable.
Rarity and Demand
The 1936-D 3-1/2 Legs Buffalo Nickel is rare, as only a limited number were produced. Many have since been lost or damaged, increasing its scarcity and value. This coin’s uniqueness makes it highly sought after among collectors and investors alike.
Collecting Tips for the 1936-D 3-1/2 Legs Buffalo Nickel
If you’re considering adding this coin to your collection, here are a few tips:
- Authentication: Counterfeits exist, so buy from trusted dealers and consider professional authentication by services like PCGS or NGC.
- Condition: Higher-grade coins are more valuable, so aim for those graded Extremely Fine or better.
- Market Research: Research recent auction results and market trends to gauge the coin’s current value.
- Long-Term Investment: Due to its rarity and historical significance, this coin is a good candidate for long-term investmen
What makes the 1936-D 3-1/2 Legs Buffalo Nickel unique?
The coin is unique because of a minting error that caused the buffalo to appear with only 3-1/2 legs, making it a rare and valuable collector’s item.
How can I identify an authentic 1936-D 3-1/2 Legs Buffalo Nickel?
Look for the Denver “D” mint mark, a partial front leg on the buffalo, and other specific features on the obverse and reverse sides of the coin.
What is the value range for the 1936-D 3-1/2 Legs Buffalo Nickel?
Depending on its condition, the value can range from $400 to $25,000, with higher-grade coins fetching the most.
Are there any counterfeit versions of the 1936-D 3-1/2 Legs Buffalo Nickel?
Yes, counterfeit versions exist. Always buy from trusted dealers and consider professional authentication for verification.
Is the 1936-D 3-1/2 Legs Buffalo Nickel a good investment?
Given its rarity and historical significance, it can be a good long-term investment, especially for collectors and numismatists.