5 Tips To Determine 1936 Buffalo Nickel Value

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Collecting coins can be a fascinating hobby, and the 1936 Buffalo Nickel is one of the most sought-after coins among collectors. However, determining the value of this coin can be a bit challenging, especially for beginners. In this article, we will provide you with 5 tips to help you determine the value of your 1936 Buffalo Nickel.

Tip 1: Check the Condition of the Coin

The condition of the coin is one of the most critical factors in determining its value. The 1936 Buffalo Nickel is a highly sought-after coin, and its value can range from a few dollars to several hundred dollars, depending on its condition.

To determine the condition of your coin, look for signs of wear and tear, such as scratches, dents, and corrosion. Check the coin's surfaces for any imperfections, such as hairlines, scratches, or rim damage. Also, examine the coin's edges for any signs of wear or damage.

Grading the Coin

To grade the coin, use the Sheldon scale, which ranges from 1 to 70. The Sheldon scale is a widely accepted grading system that evaluates the coin's condition based on its surface quality, strike, and overall appearance.

Here's a brief overview of the Sheldon scale:

• MS-60 to MS-64: Average circulated coins with some wear and tear
• MS-65 to MS-66: High-grade circulated coins with minimal wear and tear
• MS-67 to MS-70: High-grade uncirculated coins with no wear and tear

Tip 2: Check the Rarity of the Coin

The rarity of the coin is another crucial factor in determining its value. The 1936 Buffalo Nickel is a relatively common coin, but some dates and mint marks are scarcer than others.

To determine the rarity of your coin, check the mint mark, which is located on the reverse side of the coin. The mint mark indicates where the coin was minted. The Philadelphia Mint produced the most 1936 Buffalo Nickels, while the Denver Mint produced fewer.

Here's a brief overview of the mint marks and their corresponding values:

• No mint mark (Philadelphia Mint): Common, but still valuable
• D mint mark (Denver Mint): Less common, but more valuable than the Philadelphia Mint
• S mint mark (San Francisco Mint): Rare, and highly valuable

Tip 3: Check the Metal Composition

The metal composition of the coin can also affect its value. The 1936 Buffalo Nickel is made of 75% copper and 25% nickel.

To determine the metal composition of your coin, use a metal detector or have it appraised by a professional. The metal composition can affect the coin's value, especially if it's made of a rare or valuable metal.

Metal Composition and Value

Here's a brief overview of the metal composition and its corresponding value:

• 75% copper, 25% nickel: Common, but still valuable
• 90% copper, 10% nickel: Less common, but more valuable than the standard composition
• 99% copper: Rare, and highly valuable

Tip 4: Check the Provenance

The provenance of the coin can also affect its value. Provenance refers to the coin's history and ownership.

To determine the provenance of your coin, research its past owners and exhibitions. A coin with a rich history and ownership can increase its value.

Provenance and Value

Here's a brief overview of the provenance and its corresponding value:

• Coin with a rich history and ownership: Highly valuable
• Coin with a moderate history and ownership: Valuable
• Coin with a poor history and ownership: Less valuable

Tip 5: Get the Coin Appraised

Finally, get the coin appraised by a professional. A professional appraiser can provide you with a detailed evaluation of the coin's condition, rarity, metal composition, and provenance.

To get the coin appraised, contact a reputable coin dealer or appraiser. They will examine the coin and provide you with a written appraisal.

Appraisal and Value

Here's a brief overview of the appraisal and its corresponding value:

• Coin appraised by a professional: Highly valuable
• Coin appraised by a non-professional: Less valuable

By following these 5 tips, you can determine the value of your 1936 Buffalo Nickel. Remember to check the condition, rarity, metal composition, provenance, and appraisal of the coin to get an accurate estimate of its value.

We hope this article has been informative and helpful in your coin collecting journey. If you have any questions or comments, please feel free to share them with us.