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During the mid-1930s, the United States was recovering from the Great Depression, and coins of that era often carried more meaning than just monetary value. The 1936 Buffalo Nickel, also known as the Indian Head Nickel, became one of the most admired designs in American coinage. Today, collectors value it not just as currency but as a small piece of history that represents resilience and tradition.
Background of the Buffalo Nickel
The Buffalo Nickel was first introduced in 1913 and continued until 1938. The coin was designed by James Earle Fraser, a sculptor who aimed to create a design that reflected the true spirit of America. On the front side of the coin, there is a profile of a Native American man. Fraser mentioned that the portrait was not based on one individual but rather a combination of features from several Native American chiefs.
On the back side, the coin displays a powerful American bison, often referred to as a buffalo. This design symbolized strength and the untamed nature of the American West. The coin became popular for its distinctive look and deep cultural symbolism.
Composition and Design
The 1936 Buffalo Nickel is made of copper and nickel, giving it durability for everyday use. Its design was detailed and artistic, though the raised surfaces often wore down quickly in circulation.
Here are the main features of the coin:
| Year of Issue | 1936 |
|---|---|
| Designer | James Earle Fraser |
| Composition | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.2 mm |
| Thickness | 1.95 mm |
| Edge | Plain |
| Mintmarks | None in Philadelphia, “D” for Denver, “S” for San Francisco |
1936 Proof Issue
The year 1936 was special because the US Mint introduced proof coins of the Buffalo Nickel for collectors. Proof coins had a sharper strike and more detail compared to regular circulation coins. These proofs are much rarer and highly valuable today.
Mintage Figures
The Buffalo Nickel had a relatively high production in 1936, making it easier for collectors to find compared to earlier years. However, proof coins and high-grade examples remain difficult to obtain.
| Mint Location | Mintage | Mintmark Location |
|---|---|---|
| Philadelphia | 118,997,000 | None |
| Philadelphia Proof | 4,420 | None |
| Denver | 24,814,000 | “D” on the reverse under the words FIVE CENTS |
| San Francisco | 14,930,000 | “S” same location as Denver |
Value of the 1936 Buffalo Nickel
The worth of the 1936 Buffalo Nickel depends largely on its condition, mintmark, and whether it is a proof strike. Well-worn pieces are affordable, while uncirculated or proof coins can bring strong prices at auctions.
| Coin Type | Value Range |
|---|---|
| 1936 No Mintmark (Philadelphia) | $1.50–$40.00 |
| 1936-D (Denver) | $2.00–$60.00 |
| 1936-S (San Francisco) | $2.00–$65.00 |
| 1936 Proof | $800.00–$1,500.00 |
Why Collectors Seek the 1936 Buffalo Nickel
Collectors appreciate the Buffalo Nickel not only for its beauty but also for its cultural significance. It connects America’s history, honoring Native heritage and the wildlife of the West. The 1936 issue, especially the proof version, is considered a highlight in the series and continues to be in demand among numismatists.
FAQs
How can I identify a 1936 proof nickel?
Proof coins have a mirror-like finish and sharper details compared to regular strikes.
Are Buffalo Nickels still found in circulation?
It is extremely rare today, but occasionally they appear in old coin jars or estate collections.
What makes the 1936 issue special?
The introduction of proof coins in 1936 makes this year particularly significant for collectors.
