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Collecting Indian Head Nickels

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 Posted 10/25/2020  08:58 am  Show Profile   Bookmark this reply Add John1 to your friends list
to CCF. Photos please.
John1
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 Posted 10/25/2020  09:26 am  Show Profile   Bookmark this reply Add Coinfrog to your friends list
Yes, pics are important. Many Indian Head nickels are worth small fortunes in better grades. Your 1936 just happens to be among the most common dates.



to the CCF!
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 Posted 10/25/2020  4:59 pm  Show Profile   Bookmark this reply Add Walela to your friends list
I'll post pics, as soon as I can. For the value, I just looked it up on the internet and compared mine to other photos.

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 Posted 10/25/2020  9:42 pm  Show Profile   Bookmark this reply Add Ty2020b to your friends list
Agreed, pictures certainly help. Adding to what others have said, survival rate is another factor, which goes hand in hand with other factors. In lower grades, buffs are readily available, and relatively inexpensive compared to other series. Prices do rise in AU like most series, but really jump in MS. A lot of this has to with the striking issues with this series in combination with the overall survival rate of higher grades for certain years. You can pick up a 1926-s for under $100 in Fine, but an MS-65 will set you back 6 figures.
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 Posted 10/25/2020  10:23 pm  Show Profile   Bookmark this reply Add hfjacinto to your friends list
You also have to take into consideration that there is no PM (precious metal) in Bison Nickels, for example a beat up winged liberty dime has almost $3 in silver, so in a lower grade a bison nickel will be much cheaper.

You can do a set of Bison nickels inexpensively if you want, but you can also do a winged liberty one inexpensively also. But due to the precious metal content of the dime, the dime collection will generally cost you more for the same grade (not including key dates or semi keys) on the common dates.
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 Posted 10/26/2020  12:42 am  Show Profile   Bookmark this reply Add twslisa to your friends list
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 Posted 10/26/2020  2:06 pm  Show Profile   Bookmark this reply Add twslisa to your friends list
Now, here's a 1936 Buffalo nickel (that's what my gpa called them) that I wish I could afford. https://www.ebay.com/itm/1936-5C-Pr....m1438.l2649
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 Posted 11/03/2020  03:38 am  Show Profile   Bookmark this reply Add Walela to your friends list

Collecting-Indian-Head-Nickels
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Collecting-Indian-Head-Nickels
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 Posted 11/03/2020  04:25 am  Show Profile   Bookmark this reply Add John1 to your friends list
Sorry,you are going to need to post clear photos properly cropped before you post them for us to help you.
John1
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 Posted 11/03/2020  4:59 pm  Show Profile   Bookmark this reply Add Walela to your friends list
Thanks, John. To me, they looked clear when I was posting them. Now, I'm looking at them and I am not seeing clarity. Have a good day.
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 Posted 11/03/2020  5:04 pm  Show Profile   Bookmark this reply Add Walela to your friends list
twslisa: Now that Indian head is gorgeous. I would love to be able to afford it also. Thanks for the link.
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 Posted 11/03/2020  5:14 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list
It's a regional thing.

Here in Central Ohio, we used to be a Rail Road Hub, lots of visitors spending their nickels. It is not impossible to find one in change, even today. Very difficult, but far from impossible. Nickel is a very durable metal. It holds up very well. Meaning that they lasted in circulation long after Cents and silver coins had worn down and been discarded.

What that means is that people did collect them out here, but they were so common that places like mine have boxes of them for 50 cents a peice. Not key dates mind you but common dates. The other problem is that there are, believe it or not, more expensive coins in this set than in a Lincoln Wheat cent collection. By which I mean the number of coins with a healthy premium in just "good" condition are greater than in a LWC collection. MOST LWC collections are only missing the big three. The rest can be found in hole filler condition for less than $10 each...usually much less. People tend to get sticker shock with the buffs and then give up.

Still they sell fairly well out here. I make buying trips to the west coast on occasion and buffs just don't sell that well in Northern California. I, in fact, bought one dealers entire inventory ( in a tupperware container!) for $200, because he just could not sell them. To be strictly honest this was not a good deal for the man who sold them as there was a bit over $200 in face value. He just wanted them gone and out of his hair that bad!

It's like Comics. People find 50 year old comics and think they must be a fortune. When in reality due to the number printed and the condition they are worth only a couple of bucks each.

Don't get discouraged. We all started somewhere
Edited by jmkendall
11/03/2020 5:16 pm
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 Posted 11/05/2020  05:21 am  Show Profile   Bookmark this reply Add Walela to your friends list
Thanks everyone. When I found the coin, I was excited, mainly because the Indian resembles my late father and brother.

JM Kendall: That's an interesting story. My husband and I both are from the Bay Area, Northern CA. I would have loved to have come across a deal on Indian heads. Most of the coins I keep, come from the casino down the street.

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 Posted 11/05/2020  1:44 pm  Show Profile   Bookmark this reply Add panzaldi to your friends list
just an FYI these nickels are referred to in collecting circles as Buffalo nickels
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 Posted 11/05/2020  2:28 pm  Show Profile   Bookmark this reply Add Collects82 to your friends list
These are such beautiful coins, aren't they! I recently got back into some US Classic sets and am focusing on these with my daughter.

Relative the Buffalo series:

1. I'd put the piece you found at around maybe VF/XF. Its not UNC, which is very limiting on its value, but it is still a well preserved and specimen to be proud of.
2. Overall, a lot of Buffalos were minted during its 25 year run. General supply is not an issue within the hobby. There are only a handful of date/mint combos that are scarce, or maybe just scarce within the series.
3. Note that for the pieces from the 1930s, these tend to again, be the most common, and most carry the least of any premium. UNC pieces, even in MS65 can be had for under $100. Any dealer has a bin of 1930s buffalos for $1-2/coin in their bargain section.
4. Being at the end of the series, maybe a lot of people kept what was already a highly minted coin, such that even in high grades, there are A LOT of them. Check out a local show and you'll surely find a bunch of pretty Buffaloes in MS63-65 for $30-50, but most will date in the 30s at this price range will date in the 1930s.
5. The Philly mint, especially, minted 10s of millions EVERY year for a lot of the series. Check if it might be a D or S, as it could be a little scarcer, relatively.
6. If its an S, check closely if you have and S/S variety, making it a tad more valuable again.
7. For a lot of the series an MS62-63 can be had for $50-125 per coin. There are some select Denver and SF years that can run higher.
8. The prizes in the series are a handful of varieties like the 1916 doubled die, 1918/7, and the 3 legged, which even in G/VG grades can run hundreds and thousands of dollars. The demand for your 1936 will unfortunately never come close to what it is for these varieties, and the abundant supply doubles down on squashing its value.

Relative to other series:

Buffalos are not collected with with the demand of Morgans. I'm not sure they have the passion behind them that the Early Coppers crowd seems to have.
They are also nickel and not silver, which likely limits value.
They are also 20th century rather than 19th century
They were minted in much larger numbers than most if not all of the series of the 19th century because the country's population had grown.

As a result, supply and demand in the markets dictate that your cool find isn't going to fund a retirement.

But its a cool find!
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