1917-D 5C Buffalo Nickel
The 1917-D Buffalo Nickel, a product of the Denver Mint, is a noteworthy coin in the numismatic community due to its moderate mintage and its place in early 20th-century coinage history. Designed by James Earle Fraser, the Buffalo Nickel series carries significant historical and artistic value. This particular date and mint mark, the 1917-D, had a mintage of 9,910,000 coins. Known by its PCGS coin number 3939, the 1917-D 5-cent piece is an appealing target for collectors who appreciate the series' classic Native American and buffalo design.
Rarity and Historical Context
When examining the rarity of the 1917-D Buffalo Nickel, one should consider both its availability in higher grades and its overall survival rate. Despite a production run in the millions, the coin is relatively scarce in mint state, especially in grades MS65 and higher. This scarcity can be attributed to the economic circumstances of the era, including circulation demands and the wear the coins suffered, given their usage during World War I. The Buffalo Nickel was initially minted in 1913, replacing the Liberty Head Nickel, as part of an early 20th-century effort to beautify American coinage. Its unique and dynamic design features a Native American profile on the obverse and an American bison on the reverse, making it a staple piece representing America's cultural and natural heritage.
Market Value and Auction Records
As with many collectible coins, the value of a 1917-D Buffalo Nickel varies significantly based on its condition, rarity, and collector demand. In lower grades, the coin is more accessible to beginner collectors, while high-grade specimens achieve noteworthy prices at auction. For instance, well-preserved specimens graded MS66 have fetched impressive sums at recent auctions. In one notable sale, a high-grade example realized over $17,500, underscoring the demand from advanced collectors for pristine coins. Prices fluctuate, so referencing recent auction results and market trends is crucial for anyone seeking to buy or sell.
Numismatic Insights
From a numismatist's perspective, the 1917-D Buffalo Nickel is more than just a collectible; it represents a period in American history characterized by change and artistic expression in coinage. The Buffalo Nickel served in everyday transactions and contributed to the narratives of the early 20th century, a time marked by industrial growth and international conflict. Additionally, the details of the design can vary from one strike to another, with some coins showing visible three-and-a-half-legged buffalo errors and other minor varieties that further augment the coin's desirability. For numismatists keen on die varieties and errors, the 1917-D offers a depth of study and exploration. In summary, the 1917-D 5-cent piece from the Denver Mint stands as a beloved example within the Buffalo Nickel series for both seasoned numismatists and novice collectors. Its rich history, balanced design, and potential for high-grade rarity make it a cornerstone in early 20th-century American coin collections. As always, careful examination and authentication are recommended when considering such historical pieces.
