The 1917-S Buffalo Nickel stands out as a prized possession among numismatists, known for its limited mintage and significant value in today’s coin market.
Minted at the San Francisco facility, this coin has become a sought-after piece for collectors aiming to complete their Buffalo Nickel series.
Historical Background of the 1917-S Buffalo Nickel
Designed by James Earle Fraser, the Buffalo Nickel was introduced in 1913, capturing the essence of American heritage with its depiction of a Native American on the obverse and a buffalo on the reverse.
The 1917-S variant, produced at the San Francisco Mint, had a modest mintage of 4,193,000 coins, contributing to its rarity today.
Factors Influencing the Value of the 1917-S Buffalo Nickel
Several elements contribute to the high valuation of the 1917-S Buffalo Nickel:
- Low Mintage: With just over 4 million coins minted, the 1917-S had a relatively low production run compared to other years.
- Survival Rate: It’s estimated that fewer than 5,000 of these coins exist today in any condition, making them particularly scarce.
- Condition: Coins in better condition, especially those graded as Mint State (MS), command higher prices.
- Market Demand: The Buffalo Nickel series is popular among collectors, and completing a set with the 1917-S is a notable achievement, driving up its value.
Current Market Values
As of February 2025, the value of a 1917-S Buffalo Nickel varies based on its condition:
| Grade | Estimated Value |
|---|---|
| Good (G-4) | $30 |
| Fine (F-12) | $75 |
| Very Fine (VF-20) | $140 |
| Extra Fine (XF-40) | $221 |
| Almost Uncirculated (AU-50) | $365 |
| Uncirculated (MS-60) | $1,034 |
| Mint State (MS-63) | $1,634 |
| Mint State (MS-64) | $2,480 |
| Mint State (MS-65) | $3,760 |
| Mint State (MS-66) | $6,275 |
| Mint State (MS-67) | $62,250 |
Note: Values are approximate and can fluctuate based on market conditions.
Notably, a 1917-S Buffalo Nickel graded MS-67 achieved a sale price of $138,000 at a Heritage Auctions event.
Identifying Authentic 1917-S Buffalo Nickels
To verify the authenticity and assess the value of a 1917-S Buffalo Nickel:
- Mint Mark: Locate the ‘S’ mint mark on the reverse side, beneath the denomination ‘FIVE CENTS’.
- Date Examination: Ensure the date ‘1917’ is clear and unaltered.
- Condition Assessment: Evaluate the coin’s wear. Coins with minimal wear, sharp details, and original luster are more valuable.
- Professional Grading: For an accurate assessment, consider having the coin graded by reputable services like PCGS or NGC.
The 1917-S Buffalo Nickel remains a coveted piece for collectors, offering a glimpse into early 20th-century American coinage.
Its combination of historical significance, limited mintage, and potential high value makes it a standout in the numismatic community.
Whether you’re a seasoned collector or a novice, the 1917-S Buffalo Nickel represents both a rewarding challenge and a valuable addition to any collection.
FAQs
Why is the 1917-S Buffalo Nickel so valuable?
Its value stems from a combination of low mintage numbers, a limited number of surviving specimens, and high demand among collectors seeking to complete their Buffalo Nickel sets.
How can I determine the grade of my 1917-S Buffalo Nickel?
Grading involves assessing the coin’s condition, including wear, luster, and strike quality. It’s advisable to consult with or submit the coin to a professional grading service for an accurate evaluation.
Where can I sell my 1917-S Buffalo Nickel?
You can sell your coin through reputable coin dealers, auction houses, or online platforms specializing in numismatics. Having the coin professionally graded can enhance its marketability and value.