CoinsBuffalo Nickels, 1913–1938 → 1937-D Buffalo Nickel

1937-D Buffalo Nickel

Denver MintFrequently counterfeited
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Why this coin matters

In 1937 a Denver press operator polished a clashed die a little too enthusiastically and erased the bison's front leg. The coins struck from that die - the Three-Legged Buffalo - became the most famous die state in American numismatics. The file's doctrine matters here: the three-legger is not a mintage row. The recorded mintage on this page, 17,826,000, is the 1937-D issue entire; nobody recorded how many left the damaged die, so the variety trades on certified population, not on a count.

That fame comes with the series' most active counterfeit: grinding the leg off an ordinary 1937-D. A genuine three-legger has more going on than a missing limb - a distinctive stream of raised dots under the bison and a moth-eaten foreleg stump where the polishing stopped - which is why the variety should only ever change hands in a holder that names it.

From the editorial file

The three-legger is the best argument this catalog has for the difference between what a mint recorded and what a die did. The mintage is the issue's; the premium is the die's; and the certification names which one you are buying.

Before you buy: the checklist

  • The holder must say Three-Legged. An ordinary 1937-D with a ground-off leg is the standard fake. Attribution on the label or it is not the variety.
  • Dated record, for scale. Gem examples have brought five-figure prices at auction for decades. The premium is fame, and fame attracts the grinder.

Mintage: the 1937 buffalo nickel, mint by mint

IssueMintMintage
1937 Buffalo NickelPhiladelphia79,480,000
1937-S Buffalo NickelSan Francisco5,635,000
1937-D Buffalo NickelDenver17,826,000

The 1937-D in its series

Sources

Mintage figures: United States Mint (Annual Report of the Director of the Mint), Royal Canadian Mint records, and — for the 1935 banknote issue — Bank of Canada printage records as published in the Charlton Standard Catalogue of Canadian Government Paper Money, cross-checked across independent published references. Specifications: United States Mint coin specifications.

The mintage is the only number that never changes. This is where it lives.