Sometimes, the most valuable treasures hide in plain sight. That’s exactly what happened when a rare Buffalo Nickel was discovered inside an old piggy bank, untouched for 30 years. What seemed like just another coin turned out to be one of the most exciting finds for coin collectors—and it sold for tens of thousands of dollars.
How the Rare Coin Was Discovered
This remarkable story begins in a small Midwestern town. A family, sorting through their late grandfather’s belongings, found a ceramic piggy bank buried deep in a closet. Sealed since the early 1990s, the bank was packed with old coins dismissed as pocket change.
But as the coins spilled onto the kitchen table, one caught their attention—a worn but distinctive Buffalo Nickel. With its faded date and the iconic image of a bison, the coin stood out immediately.
What Is a Buffalo Nickel?
The Buffalo Nickel, also known as the Indian Head Nickel, was minted by the United States from 1913 to 1938. Designed by renowned sculptor James Earle Fraser, the coin features the profile of a Native American chief on the front and a powerful buffalo on the reverse—based on “Black Diamond,” a real bison from New York City’s Central Park Zoo.
Though millions were produced, many Buffalo Nickels were worn down through daily use. That’s why finding one in pristine condition—or from a rare year—is a significant event in the world of coin collecting.
A Shocking Discovery: 1916-D Buffalo Nickel
After a closer look, the family noticed the coin bore the date 1916 and featured a tiny “D” mintmark under the words “FIVE CENTS,” indicating it was minted in Denver. They decided to have it appraised by a local coin expert.
The expert confirmed the exciting news: it was a 1916-D Buffalo Nickel in Mint State 65 (MS65) condition—a grade rarely seen for a coin over 100 years old. Due to its exceptional preservation and rarity, the coin was eventually auctioned for an astounding $42,000.
Why This Buffalo Nickel Is So Valuable
While millions of Buffalo Nickels were minted, only a few from rare years like 1916-D survive in such high-grade condition. Most coins from that era show heavy wear. An MS65 coin means it was barely circulated—making it highly desirable to collectors and investors.
The Historical and Monetary Value
Coins like the 1916-D Buffalo Nickel are valuable not just for their rarity, but also for their role in American history. They reflect early 20th-century design, minting processes, and the cultural imagery of the time. Owning such a coin is like holding a piece of history in your hand.
Lessons from the Piggy Bank Find
This story reminds us that even the smallest, most overlooked objects can hold incredible value. For decades, the coin sat quietly in a piggy bank, mistaken for ordinary change. But with a little curiosity and some knowledge, the family uncovered a life-changing treasure.
Tips for Coin Hunters and Collectors
Inspired to check your own coin jars and piggy banks? Here are some essential tips to help you spot valuable coins:
- Search old jars and containers: Rare coins are often found in inherited coin collections or forgotten change.
- Never clean old coins: Cleaning can damage their surface and significantly lower their value.
- Know your key dates and mint marks: Coins like the 1916-D Buffalo Nickel are worth more due to their specific mintage and condition.
- Use professional grading services: Services like PCGS and NGC can officially grade your coin, helping to verify authenticity and value.
FAQs About Buffalo Nickels
Q1: What is a Buffalo Nickel?
A Buffalo Nickel is a U.S. five-cent coin minted between 1913 and 1938. It features a Native American on the front and a buffalo on the back. It’s also called the Indian Head Nickel.
Q2: Why are Buffalo Nickels so collectible?
They’re popular due to their unique artwork, historical relevance, and short minting period. Rare dates and high-grade examples can be extremely valuable.
Q3: What makes the 1916-D Buffalo Nickel valuable?
It’s a rare year and mintmark combination, and finding one in near-perfect MS65 condition is almost unheard of. Its preservation and historical significance make it a prized collectible.
Final Thoughts
The story of the Buffalo Nickel hidden in a piggy bank is more than just a lucky find—it’s a reminder of how everyday items can hold incredible value. That forgotten coin jar in your home could contain a piece of history waiting to be rediscovered.
So the next time you come across old coins, don’t overlook them. That small, seemingly ordinary nickel might just be your next big discovery—just like it was for this lucky family.