It sounds like something out of a coin collector’s dream: a rare nickel from 1937, known as the “Three-Legged Buffalo,” could still be out there in everyday circulation—and it might be worth up to $6.5 million.
While it may seem hard to believe, this unique coin is very real and has fascinated collectors and history lovers for years. It’s a rare minting error, and the hunt to find one has people checking their pocket change more carefully than ever.
How Did This Mistake Happen?
In 1937, at the Denver Mint, workers accidentally polished a coin-making die too much. This caused one of the buffalo’s front legs to disappear from the coin’s design. Instead of having four legs, the buffalo on this nickel appears to have only three legs.
This wasn’t just a small error—it completely changed how the coin looked. Once people noticed, it quickly became one of the most famous and rare error coins in U.S. history.
Could It Still Be Out There?
Surprisingly, yes! Experts think around 10,000 of these nickels were made. While many have been collected or sold at auctions, it’s believed that some are still out there—maybe in old jars, drawers, or even being spent without people knowing their value.
A recent story even claimed someone found one in their pocket change at a store in the Midwest. Although it hasn’t been confirmed, the rumor has sparked new excitement among coin enthusiasts.
Why Is It Worth So Much?
This coin’s value comes from several key factors:
- Rarity – Not many were made, and even fewer survive today.
- Historical Mistake – It’s a major mint error from a specific moment in U.S. history.
- Collector Demand – Many collectors are willing to pay big money for rare error coins.
- Condition – The better shape the coin is in (especially if it’s graded MS-65 or better), the higher the price it can fetch.
That’s why a well-preserved 1937-D Three-Legged Buffalo Nickel can be worth millions.
Check Your Coins—You Might Be Lucky
This story is a reminder that rare coins aren’t always in museums or vaults. They could be hiding in your change jar or passed down unknowingly from relatives. The U.S. Mint has said before that older coins, even from the early 1900s, still turn up in circulation now and then.
If you have any Buffalo nickels—especially ones from 1937 with a “D” mint mark under the words “FIVE CENTS”—you might want to take a closer look.
Final Thought
The idea that a $6.5 million nickel might be sitting in someone’s change purse or behind a couch cushion sounds unbelievable—but history shows it’s possible. Many people have found valuable coins by chance, and the next big discovery could be yours.
FAQs
Q1: What does the “D” on the 1937-D nickel mean?
A: The “D” stands for Denver, where the coin was minted. It’s located below the words “FIVE CENTS” on the back of the coin.
Q2: How can I tell if I have a Three-Legged Buffalo Nickel?
A: Look at the front legs of the buffalo. If one is missing and it doesn’t look like normal wear, you may have a rare error coin. It’s best to have it checked by a coin expert.
Q3: Where can I sell a rare coin like this?
A: Reputable coin dealers, auction houses, and online platforms like Heritage Auctions or eBay (for certified coins) are good options. Make sure to get the coin authenticated first.
Q4: What condition does the coin need to be in to be worth millions?
A: Coins in excellent condition—especially those graded MS-65 (Mint State) or higher—get the highest prices. However, even worn versions can still be worth thousands.