The $99.8 Million Lincoln Wheat Penny: The Buffalo Nickel, officially recognized as the Indian Head Nickel, is one of the most iconic pieces in American numismatic history. Its bold design and cultural symbolism represent early 20th-century America like few other coins. Among all variations in this celebrated series, the 1913-D Type 1 Buffalo Nickel stands out as a remarkable rarity that once achieved a stunning auction price of $99,875 in elite condition.
1913-D Type 1 Buffalo Nickel Key Specifications
| Category | Details |
|---|---|
| Mint | Denver Mint (D) |
| Year | 1913 – Type 1 |
| Mintage | 17,826,000 |
| Composition | 75% copper, 25% nickel |
| Weight | 5.00 grams |
| Diameter | 21.20 mm |
| Edge | Plain |
| PCGS Identification | PCGS #3982 |
| Notable Value | Nearly $100,000 in top-grade condition |
This early Denver-minted Buffalo Nickel holds immense historical and artistic value. Although millions were struck, only a very small number survive in exceptional condition, making high-grade specimens extremely desirable among collectors.
Details
The 1913-D Type 1 Buffalo Nickel was produced at the Denver Mint during the first year of the series. Its distinct “D” mintmark appears below the inscription “FIVE CENTS,” marking its origin. While more than 17 million were minted, decades of heavy circulation drastically reduced the number of well-preserved examples.
Made with a copper-nickel alloy, the coin exhibits a silvery appearance and strong durability. Its combination of weight, size and metallic composition gives it a recognizable feel to experienced collectors.
Design
James Earle Fraser’s design is widely regarded as one of the finest works in U.S. coinage. The obverse portrays a detailed composite portrait of a Native American chief, capturing strength and character through deep lines and expressive features.
The reverse displays a powerful American bison standing on a raised mound—a symbolic tribute to the disappearing frontier. This original version, known as the Type 1 reverse, was modified later the same year, making the early design increasingly valuable to collectors who seek coins from the first striking period.
Rarity
Although production numbers were high, the harsh reality of circulation left most 1913-D Type 1 Buffalo Nickels worn and lacking detail. For collectors, the true rarity lies in high-grade survivors.
The PCGS #3982 specimen that achieved nearly $100,000 reflects the perfect blend of sharp strike, minimal wear and preserved luster. Exceptional examples like this are rare finds, standing out as brilliant representatives of early Buffalo Nickel production.
Denver
The Denver Mint played an important role in the Buffalo Nickel’s early years. Known for producing coins with strong strikes, Denver’s 1913-D Type 1 issues are especially respected for their clarity and detail. Because this design was replaced the same year with the Type 2 reverse, the Denver-minted Type 1 versions hold additional appeal as part of the inaugural release of the series.
Collectors value these coins for their connection to both the start of the Buffalo Nickel era and the craftsmanship typical of Denver Mint productions.
Value
The reason a five-cent piece can reach a value close to $100,000 comes down to rarity, condition and historical relevance. Most 1913-D Nickels available today are heavily circulated, but when an exceptional example emerges with near-perfect preservation, its desirability rises dramatically.
Beyond its metal content, the coin represents a snapshot of artistic excellence and American history. Its value is rooted in both its physical qualities and its place within the broader story of U.S. coinage.
Final Verdict
The 1913-D Type 1 Buffalo Nickel stands as a powerful reminder of the artistry and heritage embedded in American coins. Its striking design, early production history and rarity in high grades make it a centerpiece for serious collectors. Discovering such a coin in high-quality condition is rare, but for those passionate about numismatics, it represents the spirit and beauty of early American minting at its finest.
Disclaimer
Values and historical information are based on collector research, auction records and known grading data. Coin values may shift depending on condition, market trends and professional authentication. Anyone who believes they possess a valuable Buffalo Nickel should seek evaluation from a certified grading service.
