The 1938-D/S Buffalo Nickel: A Hidden Gem in American Numismatics

The 1938-D/S Buffalo Nickel: Among the many fascinating stories in the world of coin collecting, the 1938-D/S Buffalo Nickel stands out as a rare and intriguing anomaly. This unique coin, born out of a minting error during a transitional period in U.S. coinage, has become a prized treasure for collectors. Its distinctive over mintmark and historical context make it a standout in the Buffalo Nickel series and a captivating piece of numismatic history.

AspectDetails
Coin Name1938-D/S Buffalo Nickel
DesignerJames Earle Fraser
MintDenver Mint (D over S mintmark error)
SeriesBuffalo Nickel (1913-1938)
Obverse DesignNative American chief
Reverse DesignAmerican bison (buffalo) on a mound
Historical SignificanceOne of the last Buffalo Nickels before the transition to the Jefferson Nickel
Minting Error“D” mintmark stamped over an “S” mintmark due to die repurposing
RaritySurviving examples are rare, especially in high grades
Collector AppealHighly sought-after for its unique over mintmark error and historical value
ValueCirculated examples fetch hundreds, while uncirculated specimens can reach thousands
LegacyRepresents the final chapter of the Buffalo Nickel series and a fascinating minting anomaly

The End of an Era

The Buffalo Nickel, designed by James Earle Fraser, was first minted in 1913 and quickly became one of the most iconic coins in American history. Its obverse features a Native American chief, while the reverse showcases an American bison, or buffalo, standing on a mound. The coin’s design celebrated the spirit of the American West and remained in production for 25 years.

Also Read: The 1899 Indian Head Penny: A Timeless Treasure of American Coinage

By 1938, the Buffalo Nickel was nearing the end of its run. The U.S. Mint had already begun preparing for the introduction of the Jefferson Nickel, which would debut later that year. However, before the transition, the Denver Mint produced a final run of Buffalo Nickels. It was during this production that a rare and fascinating error occurred, resulting in the creation of the 1938-D/S Buffalo Nickel.

The Mystery of the Over Mintmark

The 1938-D/S Buffalo Nickel is unique because it features an over mintmark—a “D” mintmark stamped over an underlying “S” mintmark. This error occurred when dies intended for the San Francisco Mint (marked with an “S”) were repurposed for use at the Denver Mint. To correct the dies, a “D” was stamped over the existing “S,” but traces of the original mintmark remained visible. This over mintmark error has made the 1938-D/S Buffalo Nickel one of the most sought-after varieties in the series.

The exact number of 1938-D/S Buffalo Nickels produced is unknown, but surviving examples are rare. Many of these coins were likely circulated and worn over time, leaving few in higher grades. Today, the 1938-D/S Buffalo Nickel is a prized find for collectors, particularly those specializing in mint errors or the Buffalo Nickel series.

A Collector’s Dream

For numismatists, the 1938-D/S Buffalo Nickel represents a unique and elusive treasure. Its over mintmark error, combined with its status as one of the final Buffalo Nickels ever minted, makes it a standout in any collection. The coin’s historical significance and rarity add to its allure, making it a must-have for serious collectors.

The value of a 1938-D/S Buffalo Nickel varies depending on its condition and the visibility of the over mintmark. Circulated examples can still fetch hundreds of dollars, while uncirculated specimens in mint state condition can command prices in the thousands. Coins with clearly visible “S” mintmarks beneath the “D” are especially prized and can sell for even higher premiums at auction.

A Window into History

The 1938-D/S Buffalo Nickel is more than just a rare coin; it is a tangible link to a pivotal moment in U.S. coinage history. Its production marked the end of the Buffalo Nickel series and the beginning of a new era with the Jefferson Nickel. For collectors, this coin offers a chance to own a piece of that transition, a reminder of the artistry and innovation that define American coinage.

A Legacy of Intrigue

The 1938-D/S Buffalo Nickel continues to captivate collectors and historians alike. Its story is one of chance, craftsmanship, and the enduring appeal of numismatic mysteries. Whether you’re a seasoned collector or a curious enthusiast, this rare coin offers a compelling connection to the past and a reminder that even the smallest objects can carry extraordinary stories.

Also Read: The 1938-D Jefferson Nickel: A Historic Debut in American Coinage

As the search for these elusive coins continues, the 1938-D/S Buffalo Nickel remains a symbol of the unexpected twists and turns that make coin collecting such a rewarding pursuit. It is a true gem in the tapestry of American numismatics, a coin that continues to inspire fascination and admiration. Who knows? Perhaps another one of these rare treasures is still out there, waiting to be discovered.

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