The 1916 Buffalo Nickel, which exceeded previous examples about strike quality and design, has an important place in American numismatic history. This iconic coin, minted at the Philadelphia Mint, showcases the continuing appeal of James Earle Fraser’s Native American and buffalo motifs. From its alloy design to its complicated details, the 1916 Buffalo Nickel continues to captivate collectors and enthusiasts alike.
History and Specifications
In 1916, the Philadelphia Mint struck a record-breaking 63,498,066 Buffalo Nickels, developing a high watermark for nickel coin production that would stand for decades. It is made up of .750 copper and .250 nickel, these coins weigh 5.0 grams with a diameter of 21.2 mm. The plain edge of the coin adds to its simplistic yet elegant design.
Design
Obverse
The obverse features a striking portrayal of a Native American chief, a composite image based on Chief Iron Tail of the Sioux, Big Tree of the Kiowa, and Two Moons of the Cheyenne. This dignified figure is adorned with feathers and a braid, with the date 1916 inscribed across the bust and the word “LIBERTY” at the 2 o’clock position.
Reverse
Fraser’s reverse design depicts an American buffalo, often referred to as “Black Diamond,” standing on a small mound. The legend “UNITED STATES OF AMERICA” arcs above the buffalo’s back, while “E PLURIBUS UNUM” is placed between “AMERICA” and the buffalo’s hump. The denomination “FIVE CENTS” appears below the buffalo, with the absence of the motto “IN GOD WE TRUST,” as per Fraser’s original design.
Rarity and Condition
While the 1916 Buffalo Nickel is common in lower grades, it becomes lower in Mint State conditions beyond MS65. Coins graded MS67 or higher are extremely rare, with only a small number known to exist. Condition rarity adds to the coin’s attraction among collectors seeking high-quality specimens.
Value of 1916 P Buffalo Nickel
The value of a 1916 Buffalo Nickel varies depending on its condition and rarity. As of recent reports, coins graded MS67 have seen an increase in population, with some examples bringing many premiums at auctions. The market for Buffalo Nickels remains strong, guided by both numismatic interest and historical significance.
Errors
The 1916 Buffalo Nickel may have a variety of minting errors and variations, like many other coins from the same era, which adds to its value to collectors. The coin’s rarity and market of value are enhanced by a variety of flaws, ranging from little die differences to large minting mistakes.
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Conclusion
The 1916 Buffalo Nickel from the Philadelphia Mint is the best example of American numismatic creativity and craftsmanship. Because of its attractive design, history, and changing market conditions, this coin is still highly prized by collectors of all ages. The 1916 Buffalo Nickel is a valued addition to any coin collection, whether it has been collected for its aesthetic value, historical relevance, or rarity. It continues to be an integral part of American culture.
This in-depth book includes information about the 1916 Buffalo Nickel’s design, history, rarity, and value—giving readers an overview of one of the most famous coins in American history.