The 1916 Buffalo Nickel is one of the most sought-after coins in American history, especially due to a particular error known as the “Doubled Die Obverse.” This error makes some 1916 Buffalo Nickels extremely valuable to collectors and numismatists. This article explores the unique features of the 1916 Buffalo Nickel, what makes the Doubled Die Obverse so special, and how to identify these rare coins.
What Is the 1916 Buffalo Nickel?
The 1916 Buffalo Nickel, also called the Indian Head Nickel, was minted in the United States between 1913 and 1938. Designed by James Earle Fraser, it features a Native American profile on the obverse (front) and an American bison on the reverse (back). The 1916 edition is especially significant due to the Doubled Die Obverse error, which means the design on the front of the coin appears doubled.
What Is the Doubled Die Obverse?
A Doubled Die Obverse happens during the minting process when the coin’s design is impressed twice on the die that strikes the coin. This causes a slightly overlapping image, giving the appearance that the coin has a double design. For the 1916 Buffalo Nickel, this error is most visible on the date “1916,” where the numbers appear to be doubled. This error is rare, making the coin highly valuable.
Key Features of the 1916 Buffalo Nickel
| Feature | Description |
|---|---|
| Year | 1916 |
| Mint Location | Philadelphia |
| Obverse Design | Native American profile with Doubled Die error |
| Reverse Design | American bison standing on a mound |
| Material | 75% copper, 25% nickel |
| Error | Doubled Die Obverse, most noticeable on the date “1916” |
| Value Range | Between $500 and $15,000, depending on condition |
How to Identify a 1916 Doubled Die Obverse Buffalo Nickel
Identifying a 1916 Doubled Die Obverse Buffalo Nickel requires a keen eye and possibly a magnifying glass. Here are some things to look for:
- Doubling on the Date: The most apparent sign is the doubled numbers in the year “1916.” Look for overlapping or shadow-like effects.
- Clear Doubling: Unlike other coins where wear might blur the details, a true doubled die has a clear separation between the two impressions.
- Check Mint Marks: The 1916 Doubled Die Obverse Nickel only comes from the Philadelphia Mint, so it won’t have any mint marks. Make sure the coin matches these criteria before considering it a Doubled Die error.
Why Is the 1916 Doubled Die Buffalo Nickel Valuable?
The rarity of the error makes the 1916 Doubled Die Obverse Buffalo Nickel extremely valuable. While most Buffalo Nickels from this year are common, the doubled die variation stands out because fewer were produced. Collectors prize this coin because of its historical significance, unique design, and the story behind the minting error.
How Much Is a 1916 Doubled Die Buffalo Nickel Worth?
The value of a 1916 Doubled Die Obverse Buffalo Nickel can range from $500 for those in poorer condition to upwards of $15,000 for coins in excellent condition. The coin’s condition, or “grade,” plays a major role in determining its worth:
| Coin Condition | Estimated Value Range |
|---|---|
| Good (G-4) | $500 – $800 |
| Very Fine (VF-20) | $1,500 – $3,000 |
| Extremely Fine (XF-40) | $5,000 – $8,000 |
| Uncirculated (MS-60) | $10,000 – $15,000 |
Where to Buy or Sell a 1916 Doubled Die Buffalo Nickel?
If you own or want to buy a 1916 Doubled Die Obverse Buffalo Nickel, here are a few options to consider:
- Coin Shows: Local coin shows are a great place to find these rare coins or sell one to interested collectors.
- Online Auctions: Websites like eBay, Heritage Auctions, or Stack’s Bowers frequently feature rare coins.
- Coin Dealers: Visit a professional coin dealer for an expert appraisal and possibly a buyer.
- Coin Grading Services: For selling, get your coin graded by services like PCGS or NGC to certify its condition and authenticity.
Conclusion
The 1916 Buffalo Nickel with a Doubled Die Obverse is a fascinating piece of American coin history. Its unique error and rarity make it a prized addition to any coin collection. If you find one, take the time to verify its authenticity, as it could be worth a significant amount of money. Whether you’re a collector or just curious about coins, this rare nickel offers a glimpse into the world of coin collecting and minting errors.
FAQ’s
Q1: How rare is the 1916 Doubled Die Obverse Buffalo Nickel?
A1: It is very rare, with only a few thousand believed to exist. This scarcity makes it highly valuable among collectors.
Q2: How can I tell if my 1916 Buffalo Nickel has a Doubled Die Obverse?
A2: Look for clear doubling on the date “1916” on the front of the coin. A magnifying glass can help see the details better.
Q3: What is the value of a typical 1916 Buffalo Nickel without the error?
A3: A regular 1916 Buffalo Nickel without the error can range from $10 to $100, depending on its condition.
Q4: Should I get my 1916 Buffalo Nickel graded?
A4: Yes, getting it graded by a professional grading service like PCGS or NGC can verify its authenticity and condition, which can increase its value when selling.
Q5: What other Buffalo Nickels are valuable?
A5: Other valuable Buffalo Nickels include the 1913-S Type 2, the 1918/7-D overdate, and the 1937-D three-legged variety. These coins are also rare and sought after by collectors.