1938-D Buffalo Nickel Value Guide

The 1938-D Buffalo Nickel represents the historic final issue of James Earle Fraser's iconic design before the transition to the Jefferson Nickel. Struck exclusively at the Denver Mint, this 75% copper and 25% nickel coin is a must-have concluding piece for any serious American numismatic collection.

What affects the value of 1938-D Buffalo Nickel?

• The presence of a strong strike, particularly on the bison's horn and the Indian's hair braids.
• Overall preservation and luster, with uncirculated examples commanding the higher end of the $25-$35 range.
• Surface marks or scratches which can significantly detract from the coin's market value.
• The clarity of the 'D' mint mark, as no other mints produced the Buffalo Nickel in 1938.

How to Identify 1938-D Buffalo Nickel?

• Locate the 'D' mint mark on the reverse side, positioned directly under the 'FIVE CENTS' denomination.
• Verify the 1938 date on the lower left of the obverse, which should be clearly struck on the Indian head's shoulder.
• Check for the designer's initial 'F' located just below the date.
• Ensure the reverse features the American bison, as this was the only design struck at Denver during the series' final year.

History of 1938-D Buffalo Nickel

Designed by sculptor James Earle Fraser and first minted in 1913, the Buffalo Nickel was part of a movement to beautify American coinage. The 1938-D issue is significant as it was the final year the Buffalo Nickel was produced before being replaced by the Jefferson Nickel. The Denver Mint was the only facility to strike these coins in 1938, making them a popular concluding piece for many collectors.