The Buffalo Nickel, officially named the Indian Head Nickel, is one of the most iconic coins in U.S. history. Designed by James Earle Fraser, this rugged coin captures the strength and spirit of early America.
One version in particular—the 1913-D Type 1 Buffalo Nickel, also known by its PCGS reference number #3982—has turned heads in the numismatic world for its exceptional value. Though over 17 million were minted, one pristine specimen sold for a stunning $99,875 at auction.
Let’s look into why this old five-cent coin is worth nearly six figures.
Specs
Here are the quick details collectors love to know:
| Feature | Detail |
|---|---|
| Coin Type | Buffalo (Indian Head) Nickel |
| Year Minted | 1913 |
| Mint Location | Denver (“D” mintmark) |
| Mintage | 17,826,000 |
| Diameter | 21.20 mm |
| Weight | 5.00 grams |
| Composition | 75% copper, 25% nickel |
| Edge | Plain |
While the numbers make it sound common, rarity in this case is all about condition and history.
Design
James Earle Fraser designed both sides of the Buffalo Nickel. The front shows a detailed Native American profile, which Fraser said was a combination of three different chiefs. On the reverse is an American buffalo, standing proudly on a raised mound—this is the “Type 1” design.
That reverse design was later changed because the raised mound wore down too quickly in circulation. That means Type 1 nickels were only made for a short time, adding to their collector value.
Fraser’s work wasn’t just artistic—it told a story. The coin honors Native American heritage and the untamed American frontier. It’s one of the most meaningful coin designs ever used in the U.S.
Rarity
Even though millions of 1913-D Type 1 Buffalo Nickels were struck, most were used in everyday purchases. As a result, very few survived in pristine condition. And that’s what separates a regular coin from a jackpot.
A coin graded by PCGS in top condition can sell for tens of thousands of dollars. In fact, the most famous PCGS #3982 example sold for $99,875. That’s the kind of money collectors are willing to pay for a sharp strike, no wear, and perfect detail.
Denver
Coins from the Denver Mint in 1913 carry a tiny “D” under the words “FIVE CENTS” on the reverse. This mint was responsible for a major part of Buffalo Nickel production. And since the 1913-D Type 1 coins were part of the first batch ever made, they hold special historical significance.
Collectors love “first-year-of-issue” coins. When those coins are rare and in top shape, the value climbs fast.
Value
So what makes a Buffalo Nickel like PCGS #3982 so valuable?
It’s the combination of beauty, history, and scarcity. Most nickels from 1913 are worn down, but the best-preserved examples show every detail in Fraser’s design. And that’s what buyers want: the story and the art, fully visible and untouched by time.
If you happen to own a 1913-D Buffalo Nickel, take a closer look. And if it’s in amazing condition, it could be worth thousands—maybe even close to that $100,000 mark.
FAQs
What is a 1913-D Buffalo Nickel worth?
In top condition, it can sell for nearly $100,000.
What does the ‘D’ mintmark mean?
It shows the coin was minted in Denver.
Who designed the Buffalo Nickel?
James Earle Fraser designed both sides.
What is the Type 1 reverse?
It shows a buffalo on a raised mound, used only briefly.
Are all 1913 nickels valuable?
Only high-grade coins or rare types are worth big money.
