1913 5C Type 1 (Proof)
1913 5C Type 1 (Proof) Buffalo Nickel: A Numismatist's Perspective The 1913 5C Type 1 Buffalo Nickel stands out as a significant coin in American numismatic history. Struck as part of the early series of Buffalo Nickels, this coin represents a transitional phase in American coinage, combining artistry and historical richness that appeals to collectors.
Historical Context
The Buffalo Nickel, introduced in 1913, was designed by James Earle Fraser. The obverse features a resilient Native American profile derived from three different tribal chiefs: Iron Tail, Two Moons, and Big Tree. The reverse showcases a robust American bison, often believed to be Black Diamond, a bison from New York’s Central Park Zoo. Type 1 Nickels, produced in early 1913, have the bison standing on a mound. Later that year, the design was modified to Type 2, where the ground beneath the bison was flattened to reduce wear on the inscription.
Rarity and Mintage
Proof coins from this year hold a special place due to their rarity. The 1913 Buffalo Nickel Type 1 Proof has an exceedingly low mintage, with approximately 1,520 pieces struck. This limited production adds to its allure among collectors seeking prime examples of early 20th-century U.S. minting excellence.
Mint and Specifics
Mint : Philadelphia
Mintage : Approximately 1,520 Proofs
PCGS #: 3988
Market Value and Auction Highlights
The rarity and historical significance of the 1913 Type 1 (Proof) Buffalo Nickel make it a valuable commodity in the numismatic market. Its value can fluctuate significantly, depending on condition. Coins graded PR67 by PCGS have fetched large sums, with prices often reaching upwards of tens of thousands of dollars. Auction records indicate that particularly high-grade specimens have reached six figures at major auctions.
Example Sale: A PR68 example of the 1913 5C Type 1 Proof sold for a premium price, demonstrating the high demand and willingness among collectors to pay a substantial premium for top-grade specimens.
Insights from CoinFacts
According to PCGS CoinFacts, the 1913 5C Type 1 Proof is a true collector's prize, esteemed not only for its limited mintage but also for the beautiful presentation of Fraser’s iconic design. Collectors often seek this coin for its artistic and historical significance, alongside its challenging scarcity. In conclusion, the 1913 5C Type 1 (Proof) is a centerpiece for any collection specializing in early 20th-century U.S. coinage. Its limited mintage and historical resonance offer both a challenging pursuit and prestigious ownership. As interest in classic American coins continues to grow, pieces like this Buffalo Nickel maintain their place as treasured numismatic artifacts.
