Whenever you hear the term US Mint Gold coins, the American buffalo is a sure short mention. It was and prominently is a crowd favorite for its investment value and potential growth. However, this article will address its original creation, the Buffalo Nickel, precisely discussing the 1927 Buffalo Nickel value, its errors, value, and variations.
Hang on with us while we decipher the 1927 Indian head Buffalo Nickel and why its value can go as high as $24,000!
Brief History of Buffalo Nickel
Pushing the need for new coins
- In 1904, President Theodore Roosevelt expressed disappointment on the American coin designs. This was taken care by Augustus Saint-Gaudens until 1907.
- In 1911, Treasury Secretary Franklin MacVeagh commissioned the redesign of the Liberty Head Nickel.
Introduction in 1913
- Saint-Gaudens successor, James E. Fraser took over the responsibility and designed a new Five Cent coin, the Buffalo Nickel.
- On March 14, 1913, the new Buffalo Nickel came into circulation and became the face of American coinage.
Modifications and Adjustments
- 1916 issue experienced modifications to strengthen the date and details, while from 1921-1925, regular minting of the Nickels was stopped due to economic factors.
- 1918 and 1935 were the years when two popular error were introduced to the world.
Discontinuation in 1938
- The legendary Buffalo Nickel and James Earle Fraser’s design was officially retired from circulation in 1938, after 25 years.
- The Jefferson Nickel succeeded the Buffalo Nickel in October 1938.