1923 Nikel Value Features, Types, Error, Mint mark & Uses

The buffalo nickel coins were made from 1913 to 1928, and collectors prefer these coins. These nickel coins are also called Indian head nickels since the front design comes with a USA native. The 1923 buffalo nickels were made at two different mints with different compositions. In this post, we will cover the details and features of the 1923 nickel. So let’s get started with how much the 1923 nickel is worth.

1923 Nikel Value Chart

1923 nickel value	Good	Very Good	Fine	Very Fine	Extremely Fine	About Uncirculated	Uncirculated (MS-60)	Uncirculated (MS-63)
1923 Buffalo Nickels	$2.73	$3.54	$4.85	$7.13	$21	$42	$79	$190
1923 S Buffalo Nickels	$14	$18	$37	$159	$306	$487	$773	$1,161

History of 1923 Buffalo Nickel

The 1923 buffalo nickels were made ten years after the completion of Buffalo nickels. These coins were made as replacements for Jefferson’s nickels, which are collectible coins.

The idea of the buffalo nickel design is from Theodore Roosevelt’s Renaissance of American Coinage. New design of James Earle Fraser made for buffalo nickel.

There were many changes made to the design, and the final design was introduced with different real features that came with buffalo that resulted in the wear of the FIVE CENTS denomination.

The Buffalo nickels are chances to wear and difficult to find in good condition. The buffalo nickels made about 1,212,995,919 from 1913 to 1938.

There are different types of 1923 buffalo nickels made at two mints with mintage as follows.

Features of the 1923 Buffalo Nickel

Obverse of 1923 Buffalo nickel

The front side of 1923 Nickel comes with an Indian chief facing right, and that is not a real person photo. Fraser defines characters on 3 chiefs from different tribes for defining details such as hair texture and feathers in a headdress. The word LIBERTY is also written on this side, and the mint date is also seen there.

Reverse of the 1923 Buffalo nickel

The backside of the 1923 nickel comes with an American buffalo standing calm on a mound. There is the country name UNITED STATES OF AMERICA also written there and the motto E PLURIBUS UNUM. The FIVE CENT denomination is also seen there.

Some other features of 1923 nickels are as follows.

• The buffalo nickel 1923 is round and made with 75 percent copper and 25 percent nickel.
• The coins have plain edges with a weight of five grams. The thickness of the coins is 1.95 mm, and the diameter of the coins is 21.2 mm.

Face value	Five cents
Shape	Round
Edge	Plain
Coin weight	0.17637 oz
Coin thickness	0.07677 inches
Compound	75% copper, 25% nickel
Coin diameter	0.83465 inches

1923 Buffalo No Mint Mark Nickel Value

The Philadelphia mint made non-mint mark buffalo nickels. There were about 35,715,000 of the coins made. The 1923 good-condition coins are about 1.5 dollars, and high grades are high value. These coins are in a high circulation state, and fine-grade coins are used for collectors.

Fine-grade coins are about 4 dollars. Extremely fine-grade coins are about 12 dollars. Uncirculated condition coins are about 55 dollars.

Based on grade, AU grade costs about 40 dollars, and some other grades are as

Grade	value$
MS 60	90
MS 61	120
MS 62	180
MS 63	240
MS 64	370
MS 65	680
MS 66	1,250
MS 67	5,750
1923 MS 67	18400 (Auction)

1923 S Buffalo Nickel Value

The San Francisco Mint made about 6,142,000 Buffalo Nickels in 1923. These coins are mostly preferred and liked by collectors and dealers. Good condition coins are about five dollars, and 1923 S extremely fine grade coins are about 20 dollars to 130 dollars.

Uncirculated conditions 1923 S nickel coins are about 340 dollars. The value of 1923 S nickels for different grades is as follows.

Grade	Value ($)
MS 60	700
MS 61	755
MS 62	910
MS 63	1,110
MS 64	1,860
MS 65	5,250
MS 66	47,500
MS 66	67563 (Auction 2013)

1923 Buffalo Nickel Errors List

Two Feathers

This error is commonly seen on Buffalo nickel coins, specifically for 1923 nickels. The coin front design comes with an Indian chief photo and conventional feathers in the hair, and some coins have two visible feathers. In this error, feathers close to the neck of the chief do not exist. The value of these coins is based on the conditions of the coins.

Off-center Error

In this error, some parts of the design are not accurately printed on the coin center and missed some parts of the design. That makes off-center errors, and the value of these error coins is based on the center percentage. The value of error is low from 20 to 30 percent, and more than 50 percent off-center are high values. The 1923 nickels with off-center errors are about 500 dollars based on grades and conditions.

Lamination Error

In this error, coins come with surface cracks and peel off. This error occurs when contaminations exist in the alloy and the resulting metal separates from minting. The 1923 nickels with this error are about 250 dollars.

Ragged end clip error

In this error on the coin circle outline, see one part through an irregular edge shape. In this error, some part of the external rim was missed. The 1923 nickels with this error are about 300 dollars.

FAQs

Is the 1923 Buffalo nickel rare?

• The 1923 buffalo nickel is more than 100 years old, and there were about 42 million coins made. Some coins come with a wear design and high value based on grade and conditions.

Which 1923 Buffalo nickel is valuable?

• 1923 S MS 66 Buffalo nickel sold in 2013 for $67,563, and MS67 grade sold in 2003 for $18,400.

What is the value of 1923 Philadelphia Buffalo nickels?

There were 36 million buffalo nickels made without a mint mark in 1923, and these are the largest mint coins. In low grades, they are about 1 dollar, and mint state can be 50 to more than 6500 dollars.

What is the most valuable Buffalo nickel?

Valueable nickel	Grade	Error/Type	Sold for	Sold in
1918/7 D	MS 65	Overdate Error	350,750	2006
1926 S	MS 66	—	322,000	2008
1920 D	MS 67	—	138,000	2008
1918 S	MS 66	—	125,350	2008
1924 S	MS 66+	—	105,750	2016
1935	MS 65	DDR Error	104,650	2007
1916	MS 64	DDO Error	281,750	2004
1913 D	MS 68	Type 2	143,750	2008
1917 S	MS 67	—	138,000	2008

How much is a 1923 Buffalo nickel?

The value of a 1923 buffalo nickel is from 1.50 to 400 dollars based on grade and conditions.

Does the 1923 Buffalo Nickel have a mint mark?

The 1923 buffalo nickels come with an S mint mark below the FIVE CENTS denomination on the reverse side. The Philadelphia-minted coins do not have mint marks.

What is a 1923 Buffalo nickel made of?

The 1923 buffalo nickels were made with 75 percent copper and 25 percent nickel. The alloy used for nickels is cupronickel, which has been used for nickel coins since 1866.

What is a 1923 nickel worth?

The circulated 1923 nickels are about $1.50 to $70, and circulated conditions are about $15000.