As far as US Mint coinage is concerned, few series are more common among collectors than the Buffalo Nickels long line. Such coins were first produced shortly after the turn of the 20th century and have been exceptionally useful during their circulation period, which helps to make them highly valuable nowadays. Collectors worldwide are actively trying to get their hands on these coins and get their hands on the bits saved over the years. However, very few have survived the years in excellent condition since these coins were so widely circulated and so useful. As this is one of the last produced by Buffalo Nickel, many more of these survived than in previous years.
If a collector expresses a desire to acquire a coin as old as the Buffalo Nickel of 1936, it goes without saying that that individual wants to find a coin in excellent condition. It is not always a simple job, which is why collectors must determine the overall quality of the currency in question before doing anything else.
Determining a coin’s condition is known as grading under normal circumstances, which is what a qualified coin grading company performs. And if you do not have the time and resources to send your coin away for grading, you might be able to use the criteria below to obtain a better understanding of the attributes of coins in different grades.
- Uncirculated: An uncirculated nickel buffalo is one that was put in a safe spot soon after it was made. What you will find is a coin so well preserved that even the initial luster of the mint remains intact and gives the currency a pleasant shine.
- Extremely Fine: The coin in question must have circulated only for a brief period to be awarded this award. Such coins, however, are in excellent shape at the end of the day.
- Fine: This is the grade granted to Buffalo Nickels, who traded hands for a reasonable amount of time. The worst damage can be seen near the Indian’s cheekbone and near the Buffalo’s front legs.
- Good: The grade granted to more circulated coins than any other is excellent. Such coins can show significant damage that can include anything from scratching to chipping and even bending on occasion. Such coins are a treat for collectors to get their hands on, given their state.
When it comes to giving a price to the 1936 Buffalo Nickel, that depends on the condition the coin is in. Quality is mainly about enthusiasts, and you can consider that to be one of the main factors that influence the price you pay for a coin. Second, the coin’s price will depend on the kind of Nickel it is. As several years have been minted in several types of Buffalo Nickels, that is something to pay attention to.