The 1916 Doubled Die Buffalo Nickel is one of the most sought-after and valuable coins in the world of numismatics.
Minting errors like this are highly prized by collectors, and the 1916 Doubled Die Buffalo Nickel is no exception. If you have one of these rare coins in your collection, it could be worth thousands of dollars.
This article will explore how to spot this valuable coin, its history, and why it commands such a high price.
What is the 1916 Doubled Die Buffalo Nickel?
The 1916 Doubled Die Buffalo Nickel is a rare version of the popular Buffalo Nickel, which was minted from 1913 to 1938. The coin features a Native American head on the obverse (front) and a buffalo on the reverse (back).
What makes the 1916 version particularly valuable is the doubled die error, which occurred when the coin was struck with a die that was misaligned, resulting in a doubling effect on the design.
How to Spot the 1916 Doubled Die Buffalo Nickel
Spotting a 1916 Doubled Die Buffalo Nickel requires careful inspection, as the doubling effect is often subtle but can significantly increase the coin’s value. Here are the key features to look for:
- Doubling on the Obverse: The most noticeable feature of the doubled die error is the doubling on the Native American’s face and hair. Look closely at the contour of the nose, forehead, and chin to see if there is a shadow or duplication of the design elements. This is a clear sign of the doubled die error.
- Doubling on the Reverse: The buffalo’s legs and tail are also affected by the doubling. Check for any extra lines or shadows along these areas.
- Inscriptions: Pay attention to the word “LIBERTY” and the date “1916” on the coin. These should also show signs of the doubling error if it’s present.
The Value of a 1916 Doubled Die Buffalo Nickel
A 1916 Doubled Die Buffalo Nickel in good condition can fetch thousands of dollars, depending on its grade. The rarity of the doubled die error, combined with the condition of the coin, determines its market value.
Here’s a rough guide to the 1916 Doubled Die Buffalo Nickel’s value:
| Condition | Value |
|---|---|
| Good | $1,000 – $1,500 |
| Fine | $2,000 – $3,000 |
| Very Fine | $4,000 – $5,000 |
| Extremely Fine | $6,000 – $8,000 |
| Uncirculated (MS-60 or better) | $10,000 – $20,000+ |
The condition of the coin plays a significant role in determining its value. Coins with high-quality strikes and minimal wear can fetch premium prices.
Why is the 1916 Doubled Die Buffalo Nickel So Valuable?
The 1916 Doubled Die Buffalo Nickel is rare, with only a small number of coins exhibiting the doubled die error.
This rarity, combined with the coin’s historical significance, makes it highly desirable to collectors. Here are the key factors that contribute to its value:
- Minting Error: The doubled die error is a rare and accidental occurrence during the minting process. Coins with this kind of error are often much more valuable than regular coins.
- Low Mintage: The 1916 Buffalo Nickel had a relatively low mintage, making it more rare and valuable compared to other years in the series.
- Collectibility: Buffalo Nickels are a popular series among collectors, and the 1916 version is one of the most coveted coins in this series due to its unique features.
Where to Buy or Sell a 1916 Doubled Die Buffalo Nickel
If you believe you have a 1916 Doubled Die Buffalo Nickel, it’s important to get it appraised and graded by a professional numismatist.
Reputable coin dealers, auction houses, and online marketplaces like eBay can help you buy or sell these valuable coins. Always check for authenticity and make sure that the coin is properly graded before purchasing or selling.
The 1916 Doubled Die Buffalo Nickel is a rare and valuable coin that has captured the attention of collectors and investors alike. With its doubled die error and historical significance, this coin can fetch impressive prices, especially in high-quality condition. If you have one of these coins,
it could be worth a significant amount. Make sure to examine your coin carefully for the distinctive doubled die features, and consider getting it appraised and graded to determine its true value.
How rare is the 1916 Doubled Die Buffalo Nickel?
The 1916 Doubled Die Buffalo Nickel is considered quite rare due to the doubled die error, with only a limited number of examples existing. Coins with this error are highly sought after by collectors.
How can I tell if my 1916 Buffalo Nickel has the doubled die error?
Look closely at the Native American’s face, hair, and the buffalo’s legs on the reverse. Doubling will appear as a shadow or duplication of the design elements. Check the inscriptions like “LIBERTY” and “1916” as well.
How much is a 1916 Doubled Die Buffalo Nickel worth?
A 1916 Doubled Die Buffalo Nickel can range in value from $1,000 to over $20,000 depending on its condition and grading. Coins in uncirculated condition or those with minimal wear can command premium prices.
