Your Nickel May Be Worth $21,000

In a surprising turn of events for coin collectors and enthusiasts, a seemingly ordinary nickel has emerged as a hidden treasure. The humble 1937 Buffalo nickel, once considered a mere pocket change, is now making headlines due to its potential value. If you happen to have one of these nickels in your possession, pay close attention – it could be worth a staggering $21,000! But how can you identify this rare gem? Let’s delve into the details.

The Three Keys to Unlocking the Value

1. Mint Mark Matters

The first key lies in the mint mark – that tiny letter on the reverse side of the coin. Specifically, we’re interested in the “D” mint mark, which indicates that the nickel was minted in Denver. While the Philadelphia mint produced a significant number of 1937 nickels, the Denver mint’s output was considerably lower. As a result, a 1937 Denver nickel carries a premium value compared to its Philadelphia counterpar.

2. Condition Is Crucial

The second key involves the condition of the coin. Collectors grade coins based on their preservation, using a scale from Poor (P-1) to Perfect Uncirculated (MS-70). In gem grades, a 1937 Denver nickel in MS65 condition is worth about $105, while an MS68 example can fetch an astounding $21,000! The difference lies in the sharpness of the design, absence of wear, and overall eye appeal¹.

3. The Exact Color

Lastly, the third key pertains to the coin’s color. A well-preserved 1937 Buffalo nickel should exhibit a pleasing golden hue. Avoid nickels with excessive toning, discoloration, or dark spots. The ideal color reflects its original mint luster, enhancing its desirability among collectors.

Where to Look

Now that you know the keys, where should you search for this valuable nickel? Start by checking your coin jar, old piggy banks, or inherited collections. Remember, these coins might have been overlooked for decades, hiding in plain sight.