1937 D 3 Legs Buffalo Nickel Pricing Guide | The Greysheet (2024)

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How much is a 1937 Buffalo Nickel worth 3 legs? ›

1937 D 3 LEGS Buffalo Nickel Value

According to the NGC Price Guide, as of April 2024, a Buffalo Nickel from 1937 D in circulated condition is worth between $350 and $1950. However, on the open market 1937 D 3 LEGS Nickels in pristine, uncirculated condition sell for as much as $110000.

It was officially known as a “1937-D 3-Legged Buffalo nickel” because the buffalo on the reverse of the coin had (you guessed it) three legs instead of four. The error was the result of a worn reverse die strike that resulted in an invisible fourth leg.

Yes, the 1937-D Nickel is a very common coin in most grades, but let's talk about condition rarity. Thousands of examples of this date have been certified in MS64, MS65, and MS66 condition, but in MS67, the population drops off dramatically. MS68 is where this date shines (literally).

Buffalo nickels' value is determined by a number of important characteristics, including their rarity, condition and minting faults. Experts point out that a coin's age and condition have a big influence on its value. Older nickels — especially those with minting errors — are among the most expensive.

“One of the features of the Buffalo nickel series is a variety that we call a '1937 D three legged. ' It was a variety caused by over-polishing the dyes and the image looks like the buffalo is standing just on three legs. That variety is rare enough that it's sought after by collectors,” said Sorrick.

A: While many Buffalo Nickels hold value for collectors, not all are considered rare or valuable. Factors such as condition and rarity play a significant role in determining a coin's worth. Buffalo nickels with no date aren't inherently valuable because of why the date is missing: It simply wore off.

The famed 3-legged nickel is not rare in worn condition, but pieces grading XF and higher are scarce in relation to the great demand.

A coin collector must know the date to determine its value and see if it is a rare nickel or not. For example, undated buffalo nickels are worth about $0.06 each, but only because people use them for jewelry, shirt buttons, and various other uses. All other types of nickels without dates are only worth face value.

How much is a buffalo nickel from 1937 worth? ›

1937 Buffalo Nickel Value

According to the NGC Price Guide, as of April 2024, a Buffalo Nickel from 1937 in circulated condition is worth between $0.50 and $20. However, on the open market 1937 Nickels in pristine, uncirculated condition sell for as much as $8000.

So how much are no date Buffalo nickels worth? At minimum, these coins trade for 20 cents or more. It's not uncommon to see them sell for more than $1. Prices can go much higher if revealing the date yields a key date or variety.

The famed 3-legged nickel is not rare in worn condition, but pieces grading XF and higher are scarce in relation to the great demand.

The famous 1937-D “3 Legged” Buffalo nickel is one of the most important modern US coins and probably the most well-known type in the Buffalo or Indian Head nickel series.

1937-D 5C 3 Legs (Regular Strike) Buffalo Nickel - PCGS CoinFacts.