1937 Nickel Coin Value, Features, Error, & Mint

Buffalo nickels are also called Indian head nickel coins and are currently called Native American Head Nickel. This coin was 3rd five cents after shiled nickles and Liberty head nickel also called V nickels. 1937 is the last year before moving to  Jefferson Nickels. Let’s get started with the 1937 Nickel Coin Value.

History Of 1937 Buffalo Nickel

First Buffalo nickel coins were made in 1913. Their name has buffalo due to the American bison photo on the back side of these coins. Front side coms with Native American man.

For 25 years the design of these coins has not changed. But on-demand of president design decided to change for this purpose the services of different designers asked.

Foreign designers third but due to sickness he just made the designs of double eagle and eagle coins. The remaining part of coins were made by his assistant like cents, and coins were used for circulation after the creation of two coins.

Liberty head nickel was used for that year, and designers made designs of other coins, Liberty head nickel was used for 25 years. it needed to change in designs and listed for redesigning. The nickel made in 1937 was created from 3 different mints  Philadelphia, San Francisco, and Denver. Proof nickels made by P mint and about 110 nickels made with P mint made 2nd largest number of coins.

1937 Nickels Value

1937 Buffalo Nickel Value Chart

1937 Nickel Good   (F 12)  (EF 40)  (MS 65)  (MS 68)
1937 (P) No Mint Mark Buffalo Nickel Value $1.13 $2 $3.30 $70 $10,500
1937-S Buffalo Nickel Value $1.13 $2 $4.52 $105 $21,000
1937-D Buffalo Nickel Value $1.13 $2 $4.52 $100 $18,000
1937-D 3-Legs Buffalo Nickel Value $608 $910 $1,318 $2,813

Features Of  1937 Buffalo Nickel

 Obverse Of 1937 Buffalo Nickel

The front side of the 1937 nickels comes with a photo of a native American man that is facing right. The photo is extended to the coin rim. Liberty sits on the right front side of American-made. The mint date is written there. The initial of designer F for Fraser is also on this side

Reverse Of The 1937 Buffalo Nickel

On the back side of the coins, there’s buffalo or American bison. The animal identity added as the identity of Native Americans.  There is a country named the United States of America and the motto E Pluribus Unum is also on this side. With that denomination, FIVE cents and a mint mark are added on this side.

Some other features of the 1937 Buffalo Nickel are

  • it is 21.21mm in diameter and 1.95mm in thickness. Its weight is about five grams and comes with a smooth or plain edge without reeds.
  • its metallic composition is 75% copper and 25% nickel
  • The change in composition made from 1942 to 1945 war nickles from 56% copper, 9% manganese, and 35% silver. That 35% part is  1.75g of silver.
  • Types: Buffalo Nickels
  • Mint: Denver, San Francisco, and Philadelphia
  • Mintage: 102,946,769
  • Edge: Plain
  • Weight: 5 grams
  • Obverse and reverse designer: James L. Fraser
  • Composition: 75% copper and 25% nickel
  • Diameter: 21.21 mm

1937 (P) No Mint Mark Nickel Value

The 1937 buffalo nickles do not come with mint marks made by the Philadelphia Mint. There were 79.5 million coins made by P Mint. These coins are common and easily found in circulated grades. About 50000 coins of this condition still exist.

These coins are 2nd mintage and can easily be found in mint state and gem quality.

  • Grade XF45 coins are seven dollars and MS60 grades are of 31 dollars
  • The gem quality 1937 P nickle is 75 dollars for MS65 grade.
  • MS67 grades are 300 dollars and MS67+ ($1,075).
  • There are MS68 grade 28 coins that are of 10500 dollars for single coins.
  • MS68 + grade sold for $28,500.

1937-S Nickel Value

The S mint was made in 1937 with 5,635,000 Buffalo Nickels. it is the lowest mintage that made. the MS65 grade are of 50 dollars

Ms68 grade 1937 S nickel sold for more than $29,000.

1937 D Buffalo Nickel Value

  • The D mint made about 18 million coins, and about 35000 coins still exits. About 1/3 of coins exist in mint state and more than 8000 gem quality MS65 or larger conditon exist.
  • Irrespective of low mintage values for most grades is like the Philadelphia nickels struck that year.
  • The coin XF45 grade of seven dollars and the MS60 grade is about 32 dollars
  • MS65 grade 1937 D nickel is about 105 dollars.
  • MS68 grade is about  $21,000

1937 (P) Proof Buffalo Nickel Value

The 1937 P mint coins also made proof coins. These coins strcuk with the use of highly polished planchets with the use of specially made dies. These coins were made for collectors and about  5,769 were produced.

Their smaller number makes these coins rare and have a higher value. In good conditon, any grade can be of high value and a low grade is “about uncirculated”, AU58. The 1937-proof nickel is about  $475.

For uncirculated conditon PR60 grade can be 775 dollars and PR65 are  $1,375 gem quality.

1937-D 3-Legs Nickel Value

As nickel coins wear out fast, the dies used are expired and coins come with different errors. Some coins come with 3 error legs making the 3-leg type coins. There was a larger number of coins made with the same damaged die strike. These coins with 3-leg errors can be 600 dollars and 6000 dollars for mint state.

MS68-grade coins sold for more than $48,000 with this type

1937 Buffalo Nickel

1937 Buffalo Nickel Errors

 S/S/S RPM Error

The details on coins are made with the machine, mint date was added by hand until 1989. So pre-1990 coins hand held punch was used for verification minting source of coins, so during striking coins moves change the mark position. It is known as the RPM  mint mark. The S/S/S is about $150 for MS 65.

1937 Buffalo Nickel D/D RPM Error

In this error, coins come with a D on another D mark. during the minting process, and a coin with 1937 D/D Buffalo Nickel for MS 65 sold for $185.

1937 D 3Legged Buffalo Nickel Error

The nickel made at D Mint comes with a small number of 3 legg buffalos. They called since comes with buffalo on the back side with a missing leg. The missing leg is due to overzealous polishing on any reverse dies. As a result front foreleg was removed and the back side came with a moth-eaten look.

The 3 legged buffalo nickel has a high value on the base of condition. Grade 15 is about 650 dollars.

The coin graded XF45 is about 1000 dollars and uncirculated coins can be $2,950.

MS66+ grade coins sold off 100000 dollars in 2021. Now MS66+ grade 3 leg buffalo has a value of about$105,000.

MS67 grade is about  $150,000 each.

1937 Buffalo Nickel Grading

Number Grade
1 Basal State-1
2 Fair
3 Very Fair
4, 5, 6 Good
7, 8, 10 Very Good
12, 15 Fine
20, 30 Very Fine
40 Extremely Fine
50 About Uncirculated
60 MS
65 MS
70 MS

Read also:


How Much Is A 1937 Buffalo Nickel Worth Today?

The 1937 Buffalo nickel for circulated condition is about  $0.50 and $20. The uncirculated condition coins sell for $8000.

What Makes A 1937 Buffalo Nickel Valuable?

The normal 1937 buffalo nickel value is about a dollar for low-grade and for melt value is due to copper. The mint state can be sold for thousands of dollars. The 3 legs error con has a value of about 50000 dollars.

How Much Silver Is In A 1937 Buffalo Nickel?

The silver color of coins is due to nickel content. Though a coin is called nickel, metal counted for quarters of its weight. The remaining Buffalo coin’s composition is copper.

What is the error on the 1937 nickel?

it is called 1937 D 3 lagged buffalo nickel since the buffalo on the back side of coins comes with 3 legs rather than 4 legs. The error was the result of a worn reverse die strike that resulted in an invisible 4th leg

What nickels are worth money today?

  • 913 Liberty Head V Nickel
  • 1916 Double Die Buffalo Nickel:
  • 1937-D 3-Legged Buffalo Nickel:
  • 1926-S Buffalo Nickel:
  • 1880 Shield Nickel:
  • 1918/7-D Buffalo Nickel:
  • 1942-P Jefferson Nickel:
  • 1879 Shield Nickel:

How much is a Buffalo Nickel worth today?

  • If the date on the coins is partially seen then the coins have a value of 50 cents to around $1, and the completely visible coin is one dollar $1 or higher.
  • The 1921 buffalo nickel in mint or circulated conditon can be about $1,500 for S for San Francisco on the reverse side.

What year is nickel 90% silver?

  • The 1964 Jefferson nickles come with 75 percent copper and 25 percent nickel. The five-cent coin strcuk with silver content was made between 1942 and 1945, also called the “silver nickel years”.

What does the F stand for on the 1937 Buffalo Nickel?

  • F is not a mint mark it is the surname of initials of James Earle Fraser, the artist who designed the  Buffalo Nickel.

How much is a 1937 Buffalo Nickel worth?

Buffalo Nickels Value Range
1937 5c MS $0.35  $10,500
1937-D 5c MS $0.35 – $19,800
1937-D 5c 3 Legs MS $390 – $132,000


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