The Buffalo Nickel usually hailed as the outstanding coin of America, features the iconic image of New York City’s Zoological Gardens’ infamous “Black Diamond Buffalo.” It is designed by James E. Fraser, this coin captures the importance of early 20th-century America. The Buffalo Nickel, which was produced between 1913 and 1938, remains valued highly by coin collectors. Most unique is the 1929 Philadelphia Mint Buffalo Nickel, which comes in at number 13 overall and 55th out of 64 in the series.
History of 1929 P Buffalo Nickel
The Buffalo Nickel, also known as the Indian Head Nickel, was introduced in 1913, returning the Liberty Head Nickel. James Earle Fraser, a famous sculptor, designed the coin to celebrate the American West and its native heritage. Fraser used three different Native American models to create the mixed image on the obverse. The reverse features an American bison, normally thought to be modeled after “Black Diamond,” a buffalo from the New York Zoological Gardens.
The 1929 Buffalo Nickel was minted during a period of economic prosperity, just before the start of the Great Depression. The Philadelphia Mint produced 36,446,000 of these coins, making it one of the higher mintage years within the series. Despite this, the coin remains a sought-after coin for its historical value and artistic design.
Specifications
- Mintage: 36,446,000
- Minted at: Philadelphia (No Mint Mark)
- Designer – Engraver: James Earle Fraser
- Metal Composition: 75% Copper, 25% Nickel
- Diameter: 21.2 mm
- Mass / Weight: 5 grams
Design
Obverse: The obverse of the 1929 Buffalo Nickel features a right-facing profile of a Native American chief. This portrait is a composite of three different Native American models, capturing the strength and dignity of the indigenous people. The word “LIBERTY” is inscribed on the right edge, with the year “1929” placed below the neck of the profile.
Reverse: The reverse showcases a majestic American bison standing on a mound of dirt. The phrase “UNITED STATES OF AMERICA” arcs along the top edge, while “E PLURIBUS UNUM” is inscribed below it. The denomination “FIVE CENTS” is prominently displayed at the bottom. This design was intended to symbolize the American frontier and its wildlife.
Rarity and Condition
While the 1929 Buffalo Nickel had a relatively high mintage, finding one in excellent condition can be challenging. Coins from this era often circulated heavily, leading to significant wear and tear. In lower grades, the date and details of the design may be worn down, reducing the coin’s value. However, Buffalo Nickels in higher grades, especially those with full details and a clear date, are much more desirable.
Collectors often seek Buffalo Nickels with a full four-digit date, as many of these coins have dates that have worn away over time. Each circulated 1929 Buffalo Nickel is hand-selected to ensure the date is fully visible. These coins are typically presented in an airtight capsule and a black velvet pouch to preserve their condition.
Value of 1929 P Buffalo Nickel
The value of a 1929 Buffalo Nickel varies significantly based on its condition. In lower grades, such as Good (G-4), these coins may be worth a few dollars. In higher grades, such as Extremely Fine (EF-40) or Mint State (MS-63), the value can increase substantially, sometimes reaching over $100. Rare varieties, errors, and coins with exceptional eye appeal can command even higher prices.
Errors
Buffalo Nickels are known for various errors and die varieties, which can increase their value to collectors. Some of the common errors include double die obverse, repunched mint marks, and die cracks. While the 1929 Buffalo Nickel is not particularly famous for a specific error, any such anomaly can make a coin more valuable.
Also Read – 1923 S Buffalo Nickel: A Complete Guide
Conclusion
The 1929 Philadelphia Mint Buffalo Nickel is a unique coin of American numismatic history. This coin design by James E. Fraser, featuring the Native American portrait and the American bison, describes the nature of the American West. With an important mintage yet various conditions, this coin remains the best option for collectors. Whether you are attracted to its historical value, artistic design, or possible investment value, the 1929 Buffalo Nickel is a special addition to any collection.