The Buffalo Nickel, officially named the Indian Head Nickel, stands tall as one of the most cherished and visually powerful coins in American numismatic history. Designed by James Earle Fraser, it embodies the resilience and raw beauty of early 20th-century America.
Among its many versions, the 1913-D Type 1 Buffalo Nickel (PCGS #3982) is a standout—a treasured rarity that once sold for an astounding $99,875 in top condition.
Details
Struck in Denver in 1913, this particular coin features the “D” mintmark and was part of a mintage totaling 17,826,000. Yet only a small fraction remain in excellent condition today. Composed of 75% copper and 25% nickel, the coin has a distinct silvery tone and enduring strength.
With a diameter of 21.20 mm, a weight of 5.00 grams, and a plain edge, its physical traits are easily recognized by seasoned collectors.
Design
Often considered one of the finest designs in U.S. coinage, Fraser’s work reflects a blend of artistic finesse and cultural reverence. The obverse side bears a striking portrait of a Native American chief, modeled from a composite of three individuals. Every contour of the face tells a story, capturing both dignity and endurance.
On the reverse, a powerful American bison stands atop a raised mound—a symbol of the wild frontier and a nod to the vanishing wilderness. This early version, known as the Type 1 reverse, was later modified in the same year, making the original even more desirable to collectors.
Rarity
Despite its initial high production, the 1913-D Buffalo Nickel saw heavy circulation. As a result, coins in well-preserved condition are scarce. For collectors, the true value lies in quality. Sharp detail, minimal wear, and preserved luster are all critical factors.
That’s where PCGS #3982 takes the spotlight. A superbly graded specimen of this coin achieved nearly $100,000 at auction—a testament to its rarity and condition. Its historical weight, artistic beauty, and survival in such form make it one of the crown jewels of Buffalo Nickels.
Denver
The Denver Mint, long known for producing high-quality coins, played a pivotal role in the Buffalo Nickel series. The small “D” beneath “FIVE CENTS” marks its origin. And because the 1913-D Type 1 came from the inaugural production run of this design, it holds even greater collector appeal.
Later that same year, the Type 1 design was revised into the more commonly seen Type 2, adding to the early version’s allure. Denver-minted coins are particularly appreciated for their strong strikes and durability—features that increase their longevity and collectible status.
Value
Why would a single five-cent piece command a price close to $100,000? It comes down to rarity, preservation, and collector enthusiasm. Most 1913-D Buffalo Nickels available today are worn and circulated. But when one emerges in superb condition with a top-tier grade, its value soars.
That price reflects more than metal and age—it represents a near-pristine artifact from a formative era in American coinage. It’s this blend of historical relevance, aesthetic excellence, and scarcity that gives numismatics its enduring charm.
Whether you’re a lifelong collector or just beginning to explore, the 1913-D Buffalo Nickel is a shining example of how currency can capture a nation’s spirit. And if you ever come across one in striking condition, pause for a moment—it might just be a rare piece of history waiting to be recognized.
FAQs
What is a Type 1 Buffalo Nickel?
It’s the original 1913 design with the buffalo on a mound.
Where is the mintmark on a Buffalo Nickel?
Under ‘FIVE CENTS’ on the reverse side.
Who designed the Buffalo Nickel?
James Earle Fraser designed both sides of the coin.
How many 1913-D nickels were made?
A total of 17,826,000 were minted in Denver.
Why is PCGS #3982 so valuable?
It’s rare in top grade and has strong collector demand.
