About 1916/16 Buffalo Nickels
The 1916 doubled die Buffalo nickel is an extremely rare and popular error variety, and it’s certainly the most sought-after doubled die in the entire series. One reason this coin is so well pursued by collectors is that the doubling is clearly visible with the naked eye and is most prominent in the date as well as in the mouth area of the Indian chief.
Survival estimates for this issue range from 200 to 500 pieces. Among this small group of survivors, this coin is most commonly encountered in the mid-range circulated grades between Fine and Extremely Fine. The coin becomes extremely tough going up the grading scale to About Uncirculated and is all but elusive in the uncirculated grades, with less than two dozen known survivors. Presently, MS64 is the highest grade awarded by either PCGS or NGC, with a PCGS example once snagging more $250,000 in a 2013 Legend Rare Coins auction.
|Denom:||5c / Nickel|
|Coinage Type:||Buffalo Nickels, Type 2 (FIVE CENTS in Recess)|
|Composition:||75% copper; 25% nickel|
|Variety 2:||Doubled Die Obverse|
|Designer:||James Earle Fraser|
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CPG® prices represent retail levels. Collectors should refer to CPG values as a starting place for their negotiations, or auction bid reference.
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Price movement is indicated for price changes in the last 30 days.
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