1938-D 5C Buffalo (Buffalo Nickel)
The 1938-D Buffalo Nickel, a significant coin for numismatists and collectors alike, represents the final year of the Buffalo nickel series, which was replaced by the Jefferson nickel the same year. The Denver Mint was the only facility to produce Buffalo nickels in 1938, making this issue unique among the series. The obverse of the 1938-D features James Earle Fraser’s iconic Native American profile, while the reverse depicts the American bison.
During its production, the Denver Mint struck a total of 7,020,000 pieces, marking the 1938-D as relatively common compared to earlier key dates and mintages in the Buffalo nickel series. Despite its higher mintage, the 1938-D Buffalo Nickel holds historical significance and appeals to collectors owing to its status as the series’ swan song. Its collectible nature and availability make it a popular choice among enthusiasts seeking to complete their collections by date and mintmark. From a numismatic perspective, the 1938-D exhibits the refined artistry synonymous with Fraser’s design, capturing the cultural and historical context of early 20th century America. Collectors appreciate the coin’s high relief and intricate details, which symbolize an era of rich American heritage.
In the market, pricing for the 1938-D varies depending on condition and grade. As a general guide, circulated examples are moderately priced, whereas uncirculated coins can fetch higher values. The Professional Coin Grading Service (PCGS) grades coins on the Sheldon Scale, where a 1938-D graded at MS63 can attract valuations around $20-$30, while a high-grade MS65 or higher can command significant premiums, reflecting its desirability among collectors. Referring to fixed historical sales, a 1938-D graded MS67 by PCGS, with a PCGS #3985, has previously seen auction results surpassing several hundred dollars, aligning with market demands. Such auction results highlight its collectible allure, proving that the 1938-D continues to captivate collectors with excellent eye appeal when preserved in top conditions. Collectors often seek this coin due to its culmination of the Buffalo nickel series, combined with the artistry and cultural significance it embodies. With its significant historical backdrop and consistent demand in the numismatic market, the 1938-D Buffalo Nickel remains an enduring favorite. Enthusiasts and investors alike are drawn to its blend of beauty, heritage, and finality, ensuring its prominence in American coin collections.
