The 1916 Buffalo Nickel value has a wide range and can be worth as much as a couple hundred thousand dollars. Of course, you can find some old beat up ones for next to nothing as well. So why are some worth as much as $200,000? There was a double die on the obverse side of some of the Philadelphia coins. We’ll get to that in a minute.
The 1915 Buffalo Nickel was produced in Philadelphia, Denver, and San Francisco as indicated here:
- Philadelphia – No Mint Mark
- Denver – “D” Mint Mark
- San Francisco – “S” Mint Mark
1916 Double Die Obverse Buffalo Nickel (DDO)
This is the mother-load of Buffalo Nickels. This coin is extremely rare and the obverse double die wasn’t even discovered until many years after production. Very few have been professionally graded and none have been graded higher than MS64. It is estimated that only a few hundred exist.
1916 Buffalo Nickel Value
So what’s the 1916 Buffalo Nickel value with the double die obverse? Well, it could be worth as much as $200,000. If you have one that hasn’t been graded, it could be worth a considerable amount more if you have one that is higher than MS64, since none have been discovered yet.
Recommended Buys for the 1916 Buffalo Nickel
If you can afford to get your hands on any 1916 Buffalo Nickel with the doubled die obverse, don’t let it go. You’re going to pay for it, but boy would that be a gem to add to your collection.
If you’re a beginner and only have a few dollars to spend, the Philadelphia 1916 coin can be found for around $40.00.
An avid collector that isn’t ready to shell out a couple hundred thousand? How about spending about $500 to $600 on a MS64 1916-S? That would be a great coin for a collector who may sell in the near or distant future.
Buying a 1916 Buffalo Nickel
Be careful buying the double die obverse. You don’t want to shell out a fortune for a scam. Heritage Auctions would be where I’d recommend buying this coin, so you have the comfort in knowing it’s the real thing. Otherwise, eBay is a great choice to find a 1916 buffalo nickel and possible even find one to buy for your collection.
Not ready to invest yet? No problem. Learn more and take a look at the 1915 or the 1917 buffalo nickel.