The 1928 Buffalo Nickel is a unique and valuable coin in the world of numismatics. Collectors and investors alike are interested in understanding its worth, especially when it comes to the different mint marks—”D”, “S”, and the absence of a mint mark. If you have a 1928 Buffalo Nickel, you may be wondering how much it is worth and whether its value increases depending on certain features or errors. In this blog, we will explore the 1928 Buffalo Nickel coin value, including its errors and various mint marks.
Factors That Affect 1928 Buffalo Nickel Value
To understand the value of a 1928 Buffalo Nickel, it’s important to know the factors that influence its worth. These include:
- Mint Mark: Coins with a “D” or “S” mint mark can be more valuable than those without any mint mark.
- Condition: Coins that are in better condition, such as those graded MS-60 or higher, are worth more.
- Errors: The presence of specific minting errors can significantly increase the coin’s value.
1928 Buffalo Nickel Mint Marks
The mint marks on the 1928 Buffalo Nickel can have a major impact on its value. Here’s a closer look:
1. 1928 No Mint Mark Buffalo Nickel
The most common version of the 1928 Buffalo Nickel is the one without a mint mark. This coin was struck at the Philadelphia Mint. Despite being the most frequently found variety, it still holds value, especially in good condition.
2. 1928-D Buffalo Nickel
The 1928-D Buffalo Nickel was minted in Denver. Coins with this mint mark are slightly rarer than those from Philadelphia, which often makes them more valuable. Collectors seeking mint mark varieties will pay a premium for this coin, especially if it is in better-than-average condition.
3. 1928-S Buffalo Nickel
The 1928-S Buffalo Nickel, produced in San Francisco, is one of the rarer mint mark varieties. Coins minted at the San Francisco Mint tend to have a lower mintage, which can drive up demand and increase the coin’s value.
1928 Buffalo Nickel Errors
Errors in minting are one of the most exciting aspects of coin collecting. A small mistake in the minting process can lead to a significantly higher value for the coin. Here are some common errors to look for on the 1928 Buffalo Nickel:
1. Double Die Errors
One of the most famous types of errors is the double die, where the coin is struck more than once, resulting in a double image. This error can make a 1928 Buffalo Nickel worth several times more than a regular coin.
2. Off-Center Strikes
Sometimes, coins are struck off-center, resulting in a misalignment of the design. An off-center strike can be quite valuable, particularly if the design is still legible.
3. Weak Strikes
A weak strike occurs when the coin is not fully struck, which can cause parts of the design to appear faint or incomplete. While this is not technically an error, some collectors prefer the look of weak strikes and will pay more for coins that feature this unique characteristic.
4. Wrong Planchet Errors
If a coin is minted using the wrong metal planchet, it can create a highly collectible error. The 1928 Buffalo Nickel was intended to be minted on a nickel planchet, but in some rare cases, the coin may have been struck on a different metal, such as a dime planchet, which increases its value.
Determining the Value of Your 1928 Buffalo Nickel
When evaluating the worth of your 1928 Buffalo Nickel, the following factors are key:
- Coin Condition (Grade): A higher-grade coin is always more valuable. Coins are graded on a scale from 1 to 70, with 70 being perfect. A well-preserved 1928 Buffalo Nickel in MS-65 or higher will fetch more money than one in lower grades.
- Rarity: Mint mark varieties such as the 1928-D and 1928-S are rarer and typically worth more than the regular 1928 without a mint mark. The rarity of the coin can significantly boost its value, especially for collectors.
- Errors: If you suspect that your coin has an error, getting it professionally evaluated by a numismatist or a grading service could lead to a higher value.
Current Market Prices for 1928 Buffalo Nickel
Here is an approximate range of values for the 1928 Buffalo Nickel based on its condition:
- 1928 No Mint Mark: Values can range from $2 for a heavily worn coin to $300 or more for a high-grade specimen.
- 1928-D Buffalo Nickel: Typically ranges from $5 for a worn coin to $350+ for a well-preserved example.
- 1928-S Buffalo Nickel: This variety generally holds higher value, with prices ranging from $10 for worn examples to $500+ for high-grade pieces.
How to Sell or Buy a 1928 Buffalo Nickel
If you have a 1928 Buffalo Nickel and are considering selling it, there are several options available to you:
- Coin Dealers: Local coin shops or online coin dealers are a good place to start. They can provide you with a valuation and possibly make an offer.
- Coin Auctions: If your coin has a rare mint mark or an error, auctioning it off might bring in a higher price.
- Online Marketplaces: Websites like eBay and Heritage Auctions offer platforms for selling coins directly to collectors.
FAQs
What is the value of a 1928 Buffalo Nickel?
The value depends on the mint mark and condition. Prices range from $2 to over $500 for high-grade coins.
What does the “D” mint mark on a 1928 Buffalo Nickel mean?
The “D” indicates the coin was minted in Denver and is usually rarer, making it more valuable.
What is a double die error on a 1928 Buffalo Nickel?
A double die error occurs when the coin is struck twice, resulting in a doubled image on the coin.
How can I tell if my 1928 Buffalo Nickel is valuable?
Check the mint mark, condition, and whether the coin has any errors like a double die or off-center strike.
Can a 1928 Buffalo Nickel be sold at an auction?
Yes, if your coin is rare or in excellent condition, selling it at an auction can fetch a higher price.