Some old coins have rare details that make them worth thousands of dollars to collectors. One of these coins is the 1916 Buffalo nickel with a special detail known as the “doubled die.” This coin has a unique error on the front, or obverse side, where the date “1916” appears twice, slightly offset. This rare mistake adds a lot of value, and if the coin is in good condition, it can be worth up to $28,200. In this guide, we’ll cover what makes this nickel so valuable, how to spot the doubled die detail, and why collectors prize this coin.
What is the 1916 Doubled Die Buffalo Nickel?
The 1916 Buffalo nickel is a five-cent coin that shows a Native American on the front and a buffalo on the back. The “doubled die” detail is an error that shows a slight doubling in the date. This mistake happened when the date was struck twice by the coin-making machine, and it’s not easy to see unless you look closely. Over time, these unique errors were discovered by collectors and became highly valuable.
Why is the Doubled Die Nickel Worth So Much?
The doubled die Buffalo nickel is rare because this minting error was only made once and went unnoticed for decades. The date on most Buffalo nickels is one of the first details to wear off. By the time people knew about the doubled die error, many of these coins had worn dates, making it hard to find a clear example. Today, collectors seek out well-preserved coins with this doubling, which makes them willing to pay high prices for it.
Table: Key Facts About the 1916 Doubled Die Buffalo Nickel
| Feature | Details |
|---|---|
| Minting Error | Doubled Die on the date (1916) |
| Composition | 75% Copper, 25% Nickel |
| Weight | 5 grams |
| Grade (Condition) | AU55 (Almost Uncirculated) |
| Auction Price | Up to $28,200 |
| Notable Characteristics | Bold date, slight “wispy” marks |
Coin Condition and Its Impact on Value
Collectors look at a coin’s condition carefully. This 1916 Buffalo nickel is graded as AU55, meaning “Almost Uncirculated,” with only slight wear visible. Coins with higher grades and clearer doubling are especially valuable. Even minor details like the “wispy” marks on the surface can affect the coin’s appearance but do not lower its value much. In fact, only 20 Buffalo nickels from 1916 have the AU55 grade, making this particular coin a very rare find.
Why Do Collectors Love Buffalo Nickels?
Buffalo nickels are cherished in U.S. coin history because they were commonly used in the early 1900s and have unique designs. Errors like the doubled date make them even more appealing. The 1916 Doubled Die Buffalo nickel, with its bold date and great condition, gives collectors a chance to own a piece of history. This coin’s $28,200 auction price shows just how prized it is.
Conclusion
The 1916 Doubled Die Buffalo nickel is more than just a coin; it’s a piece of history. From its bold, doubled date to its almost uncirculated condition, it’s an example of a rare mistake that makes collectors excited. Coins like these are hard to find, and when they’re preserved, their value only goes up. If you ever come across a Buffalo nickel with a clear doubled date, you might just have a treasure on your hands!
FAQ’s
What is the “doubled die” error on the 1916 Buffalo nickel?
The doubled die error shows the date “1916” struck twice, slightly offset, which adds value.
How much is the 1916 Doubled Die Buffalo nickel worth?
Depending on its condition, it can be worth up to $28,200 at auction.
Why is the 1916 Buffalo nickel so valuable?
This coin is rare due to its minting error and well-preserved condition, making it highly collectible.