The 1938 D Nickel Indian Head Buffalo is one of the most sought-after and collectible nickels in American numismatic history. This particular specimen, graded PCGS MS-67+, represents an exceptional example of the Buffalo Nickel series that captivated collectors for nearly a century. With its pristine condition and remarkable eye appeal, this coin exemplifies the artistry and historical significance that made the Buffalo Nickel one of America's most beloved circulating coins.

Product Specifications

• Coin Type: Buffalo Nickel (Indian Head Nickel)
• Year of Manufacture: 1938
• Mint Mark: D (Denver Mint)
• Denomination: Five Cents
• Grading Company: PCGS (Professional Coin Grading Service)
• Grade: MS-67+ (Mint State 67+)
• Metal Composition: 75% Copper, 25% Nickel
• Weight: 5.00 grams
• Diameter: 21.21 millimeters
• Obverse Design: Native American profile (Indian Head)
• Reverse Design: American Buffalo (Bison)
• Designer: James Earle Fraser
• Edge Type: Plain
• Total Mintage (1938-D): Approximately 7,020,000 coins

Historical Significance of the Buffalo Nickel

The Buffalo Nickel, officially known as the Indian Head Nickel, holds a special place in American numismatic history. Designed by renowned sculptor James Earle Fraser and introduced in 1913, the Buffalo Nickel replaced the Liberty Head Nickel that had been in circulation since 1883. Fraser's revolutionary design was a celebration of American heritage and culture, featuring one of the most iconic images ever placed on a United States coin.

The obverse of the Buffalo Nickel features a striking left-facing profile of a Native American, often attributed to be a composite of several tribal leaders including Iron Tail, Two Moons, and Big Tree. This design was a bold departure from the classical Liberty heads that had dominated American coinage for decades. The reverse showcases a powerful American Buffalo (Bison) standing on a mound, symbolizing the American West and the rugged spirit of the frontier.

The Denver Mint Connection

The Denver Mint, established in 1906, began production of Buffalo Nickels in 1911, two years before the design was officially adopted nationally. The "D" mint mark on this 1938 specimen indicates it was struck at the Denver facility in Colorado. The Denver Mint has long been recognized for producing coins of excellent quality, and this particular nickel is a testament to that reputation.

The 1938-D nickel represents the latter years of the Buffalo Nickel series, which concluded in 1938. By this time, the design had become deeply embedded in American culture and was widely recognized by the public as an authentic representation of American values and history.

About Mint State MS-67+ Condition

A coin graded MS-67+ represents an exceptional specimen that exhibits only light imperfections visible under magnification. The "MS" designation indicates that the coin is in Mint State, meaning it has never been circulated. This 1938-D Nickel has retained nearly all of its original mint luster and detail since its production in 1938.

The plus sign (+) following the grade indicates that this particular coin is at the high end of the MS-67 range, displaying characteristics that approach MS-68 quality. For collectors, an MS-67+ grade represents the sweet spot between ultra-high-grade coins and more accessible collector-grade specimens. This coin would have strong eye appeal with well-preserved details on both the Native American portrait and the buffalo reverse.

Composition and Technical Details

Like all Buffalo Nickels minted from 1913 to 1938, this 1938-D specimen is composed of 75% copper and 25% nickel. This specific alloy composition was chosen to provide durability while maintaining the coin's silver-like appearance. The composition remained consistent throughout the Buffalo Nickel series, making each specimen equally valuable from a metallurgical standpoint.

The coin weighs exactly 5.00 grams and measures 21.21 millimeters in diameter, making it a comfortable size for pocket carry and daily examination. The plain edge (unlike the reeded edges found on silver coins) was standard for all nickels of this era.

Rarity and Collectibility

The 1938-D Buffalo Nickel, with a reported mintage of approximately 7,020,000 coins, is considered relatively common in lower grades. However, finding exceptional examples in high Mint State grades becomes increasingly difficult. High-grade specimens like this MS-67+ example are significantly scarcer than their mintage figures might suggest, as most circulated examples were lost to wear or damage over the decades.

This PCGS MS-67+ example represents one of the finest examples of the 1938-D nickel available to collectors. The combination of impressive condition, recognized third-party grading, and the historical importance of the Buffalo Nickel design makes this coin a valuable addition to any serious numismatic collection.

Investment Appeal and Collector Interest

Buffalo Nickels have experienced consistent collector demand for generations. Their combination of historical significance, artistic merit, and relative affordability compared to other vintage U.S. coinage makes them popular among both seasoned numismatists and newer collectors beginning their journey into coin collecting.

High-grade examples like this MS-67+ specimen command premium prices due to their scarcity and exceptional preservation. Collectors and investors recognize that coins in this condition are increasingly difficult to find, as fewer examples have survived in such pristine states. The PCGS certification adds significant value by providing independent verification of the coin's authenticity and grade.

Preservation and Care

For collectors fortunate enough to acquire this 1938-D Nickel MS-67+, proper preservation is essential. The coin should be stored in archival-quality materials that prevent oxidation and corrosion. The PCGS holder provides excellent protection and is specifically designed to preserve coins while allowing for viewing and appreciation.

Collectors should avoid cleaning or attempting to improve the appearance of this coin, as any intervention could significantly diminish its numismatic value. The original patina and surface characteristics that resulted in the MS-67+ grade are precisely what make this specimen valuable to the collecting community.

Why Choose This 1938-D Buffalo Nickel MS-67+?

This exceptional 1938-D Nickel Indian Head Buffalo PCGS MS-67+ represents a remarkable opportunity to own a piece of American numismatic history in outstanding condition. Whether you're a dedicated Buffalo Nickel enthusiast, a date-and-mintmark type collector, or an investor seeking quality U.S. coins, this specimen offers outstanding value and appeal.

The combination of its final year of production (1938), the prestigious Denver Mint mark, exceptional MS-67+ condition, and professional PCGS certification makes this coin a standout addition to any collection. Don't miss the opportunity to acquire this beautiful and historically significant example of American numismatic artistry.