The Buffalo Nickel, also known as the Indian Head Nickel, was minted from 1913 to 1938 and became one of America’s most beloved coinage designs. Produced at the Philadelphia Mint with a substantial mintage of 35,715,000 in 1923, it showcases the iconic artwork of James Earle Fraser. Fraser’s design features a Native American on the obverse, aiming to capture the spirit and essence of the American West, while the reverse bears the image of an American bison, symbolizing the country’s wildlife and pioneering past.
Composed of a copper-nickel alloy, the coin weighs 5 grams and has a diameter of 21.2mm with a plain edge. Its design and composition departed from previous American coinage, reflecting a growing interest in national identity and artistic expression in the early 20th century.
Below is presented reverse look:
How Much is 5 Cents Coin From 1923 Worth Today?
A 5-Cent Coin from 1923 is worth from $1.5 up to $70 in most cases. However, a perfectly graded MS70 5-cent coin from 1923 can be worth up to $15,000. For example, at auction in 2021, a 1923 Buffalo Nickel. MS-67+ was sold for $14400.
The price of a coin, such as the 1923 Buffalo Nickel, can vary significantly based on its grade, which reflects its condition and overall quality. Coin grades range from baselines such as PrAg (Poor, About Good) to the highest possible grade of 70, representing a perfect coin under magnification.
- At the lowest end, a coin in PrAg condition is valued at $1.50, indicating heavy wear where much detail is lost.
- As the grade improves to Good (G), Very Good (VG), Fine (F), Very Fine (VF), and Extremely Fine (XF), the value increases to $3, $4, $7.50, $10, and $25, respectively. These increases reflect better preservation of the coin’s original design and finer details.
- The value jumps significantly with grades from AU (About Uncirculated) 50 through AU 58, ranging from $35 to $60, suggesting minimal wear mainly on the coin’s highest points.
- Entering the Mint State (MS) grades from MS60 to MS70; values escalate from $70 to a dramatic peak for a perfectly graded MS70 at $15,000. Mint State coins have no wear and showcase varying degrees of luster and detail preservation.
- Special attention should be given to coins graded MS67 and above, where values see substantial increases due to their rarity and exceptional condition. For example, MS67 at $800 and MS68 at $6,750 highlight the premium placed on near-perfect coins.
In the world of numismatics, where history and rarity intertwine with the artistry of minting, the story of a particular 1923 Buffalo Nickel stands as a testament to the pursuit of perfection. Sold for an astounding $14,400 at auction, this coin is not just a piece of currency but a symbol of numismatic dedication and the allure of collecting.
Crafted in the Roaring Twenties, a time of profound change and vibrancy in American culture, this nickel emerged from the Philadelphia Mint as part of a substantial issue of over 35 million. Yet, amidst this large mintage, it distinguished itself decades later as a breathtakingly beautiful, virtually pristine specimen, achieving a grade of MS-67+ by PCGS, a near-mythical status in coin collecting.
The coin’s intensely lustrous satin surfaces are a canvas for a mesmerizing play of colors – vivid sunshine-yellow and pinkish-apricot hues dance around the borders, encircling the ice-blue centers. This chromatic spectacle highlights the coin’s sharp strike, albeit with a minor softness of detail in the centers. It is a testament to its near perfection and the meticulous craftsmanship of its era.
Its condition is so remarkable that it stands among the finest certified survivors of its kind, a beacon for collectors seeking to include a piece of unmatched beauty and rarity in their collections. With only six others sharing its grade and a single specimen rated higher at MS-68, it represents a pinnacle of collecting, embodying both the historical significance and the artistic achievement of early 20th-century American coinage.
The sale of this Captivating Superb Gem at $14,400 is more than a transaction; it’s a celebration of numismatic artistry, an acknowledgment of the Buffalo Nickel’s place in American history, and a tribute to the collectors who seek to preserve this legacy. As it finds its place within the finest Buffalo nickel collection, it inspires awe and admiration. A shimmering relic of a bygone era, it continues to captivate the hearts of those who appreciate the beauty and history encapsulated within these slight yet profound pieces of Americana.
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