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The Buffalo nickel or Indian Head nickel is a copper–nickel five-cent piece that was struck by the United States Mint from 1913 to 1938. It was designed by sculptor James Earle Fraser . As part of a drive to beautify the coinage, five denominations of US coins had received new designs between 1907 and 1909.
Those were followed by the Liberty Head nickel (1883-1913), Buffalo or Indian Head nickel (1913-1938) and Jefferson nickel (1938-present). ... Their estimated value today is more than $3 million.
The 1939-D nickel with a mintage of 3,514,000 coins is the second lowest behind the 1950-D nickel. The cause of the key date of 1939 stems from the new design that excited collectors the year prior, after the initial hype had settled down fewer nickels were saved.
The Spruce Crafts pegs the value at $117,500 (as of 2016) for an MS66 example, while PCGS suggested the value topped out at $99,875 in 2022. More From GOBankingRates
The design of the American Buffalo gold bullion coin is a modified version of James Earle Fraser's design for the Indian Head nickel (Type 1), issued in early 1913. After a raised mound of dirt below the animal on the reverse was reduced, the Type 2 variation continued to be minted for the rest of 1913 and every year until 1938, except for 1922, 1932, and 1933 when no nickels were struck.
The Liberty Head nickel was replaced after 1912, and initially there was no indication that 1913-dated pieces with that design existed. In December 1919, a coin dealer, Samuel W. Brown, placed advertisements in coin publications, offering to buy 1913 Liberty Head nickels.