1937 Buffalo Nickel Proof: A Complete Guide for New Collectors

The 1937 Buffalo Nickel Proof is a collectible coin known for its unique design and history. Created in the final year of the Buffalo Nickel Proof series, this coin has captured the interest of collectors for decades. Originally, Buffalo Nickels were struck as Proofs only in 1913-1916 and 1936-1937, making the 1937 version particularly special. This article will walk you through the background, design details, and current market value of the 1937 Buffalo Nickel Proof, making it easy to understand why this coin is so admired.

The History of the 1937 Buffalo Nickel Proof

The Buffalo Nickel series began in 1913 and became well-loved for its American-inspired design featuring a Native American portrait and a bison. In 1937, the U.S. Mint produced only 5,769 Proof versions of the Buffalo Nickel. This was the last year for Buffalo Nickel Proofs as the Mint stopped producing them in the following years.

Proof coins are made using a special process that results in a shiny, mirror-like finish. The 1937 Buffalo Nickel Proof is unique because most of these coins have a brilliant, reflective surface that collectors admire. Only a few Proof coins from 1937 show a “cameo” finish, which has a frosty, matte appearance on the design.

Unique Features of the 1937 Buffalo Nickel Proof

The 1937 Buffalo Nickel Proof stands out for its:

1. Design: Created by artist James Earl Fraser, the coin shows a Native American profile on the front (obverse) and a bison on the back (reverse). The design is considered iconic and has influenced other American coins over the years.
2. Brilliant Finish: Most of the 1937 Proofs have a shiny, mirror-like surface, which was highly desired by collectors at the time. A few of these coins even have “cameo” contrast, though this is very rare.
3. Limited Mintage: With only 5,769 coins made, the 1937 Proof Buffalo Nickel is rare, making it even more valuable among collectors.

Table: Quick Specifications of the 1937 Buffalo Nickel Proof

Why Is the 1937 Buffalo Nickel Proof So Popular?

Collectors love the 1937 Buffalo Nickel Proof for a few reasons. Its beautiful, shiny finish makes it stand out from other coins, and the Native American and bison design is distinctly American. Plus, because the Mint stopped making these Proof coins after 1937, the coin holds historical significance.

Market Value and Noteworthy Sales

The value of a 1937 Buffalo Nickel Proof varies widely based on its condition. Here’s a summary of some of the highest prices paid:

• Top Graded Coins: Coins in nearly perfect condition (graded as Proof 68 or Proof 69) can sell for thousands. The record price for a Proof 68 Buffalo Nickel was $40,250 in 2012.
• More Recent Sales: In 2024, Proof 68 coins sold between $3,700 and $8,500. Coins with unique toning, like rainbow or pastel colors, are also prized and often fetch higher prices.

Things to Look For When Buying a 1937 Buffalo Nickel Proof

If you’re interested in adding a 1937 Buffalo Nickel Proof to your collection, look for coins with deep mirror-like surfaces and minimal scratches. High-quality coins usually have thick, flat rims, a key feature that distinguishes authentic Proof coins from regular business strikes.

Conclusion

The 1937 Buffalo Nickel Proof is a unique piece of American history and an exciting coin for collectors. With its classic Native American and bison design, brilliant mirror finish, and limited mintage, it stands out as a valuable collectible. Its history and rarity make it a fascinating part of the Buffalo Nickel series, and its value in the market remains steady due to its appeal to collectors.

This coin not only reflects a time when Proof coins were less common but also serves as a symbol of American heritage. Collectors looking for a 1937 Buffalo Nickel Proof can enjoy owning a piece of history while appreciating the beautiful details that make it one of the most iconic coins from the early 20th century.

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