What is the value of a 1938 buffalo nickel?

Answer 1

1938 buffalo nickels were only minted at Denver. The "D" is on the back under the words FIVE CENTS. The F on the front of the coin is the designer's monogram and not a mint mark.

Numismedia lists the following approximate retail values as of 04/2012:

"D" mint mark (Denver):

Very worn condition - $3

Moderately worn - $3

Slightly worn - $4

Almost no wear - $9

Uncirculated - $19 to $7,500 depending on quality

There is also a variety with a shadow "S" under the D mint mark on the reverse side. These are comparatively scarce and are worth 2 to 3 times those with a clear D.

The reason for the D over S mint mark is that there were delays in introducing the new Jefferson design at the start of 1938. To meet demand for nickels the Mint authorized production of another year of Indian Head nickels at Denver and San Francisco while Philadelphia geared up for the new designs. Things went better than expected in Philadelphia so San Francisco didn't need to mint any Indian head nickels. To save money the "S" mint dies were recycled for use in Denver but not all of the mint marks were completely removed.

DISCLAIMER: The retail values quoted are the best available as of the date shown, but may vary due to market fluctuations. Also the wholesale (buying) price of a coin will be less than the selling (retail) price. A reputable coin dealer will be able to give a more accurate valuation based on inspection of the coin.
The 1938-D Buffalo NICKEL is a common coin, in average condition values are $1.00-$3.00.