A rare and highly graded 1913 Type 1 Buffalo Nickel, offered by GreatCollections, is up for auction. The coin, graded PCGS Proof-68, features James Earle Fraser's iconic designs and stands apart from Type 2 nickels due to the bison's position on raised earth, a design element later altered for practical reasons. Estimated at $100,000, similar Proof specimens have recently sold for $80,000-$90,000, with the current bid at $10,000.
Numismatic Treasure: Exquisite Type 1 1913 Buffalo Nickel Proof Unveiled at GreatCollections Auction
A breathtaking Proof-68 example of the coveted Type 1 1913 Buffalo Nickel, meticulously graded by Professional Coin Grading Service (PCGS), has surfaced at the esteemed GreatCollections auction house. This exceptional specimen, boasting a lustrous, lightly toned patina, is poised to captivate discerning collectors and investors alike.
The Type 1 Buffalo Nickel, issued exclusively in its inaugural year, stands out as a testament to sculptor James Earle Fraser's artistic genius. Its obverse adorns the iconic Indian Head design, while the reverse features an American bison or buffalo. However, a subtle yet significant distinction separates the Type 1 from its Type 2 counterpart: the bison's footing.
In Fraser's original design, the bison majestically stands atop a raised mound or hill of earth. Regrettably, the denomination "FIVE CENTS" was superimposed on this elevated area, leading to premature wear in circulated examples. Recognizing the need for practicality in circulation, United States Mint Chief Engraver Charles Barber intervened, altering the design by carving out the raised earth, creating a protective exergue for the denomination and ultimately giving rise to the second type in the series.
The PCGS Proof-68 designation bestowed upon this Type 1 1913 Buffalo Nickel is a testament to its exceptional preservation and eye-catching aesthetics. With only 11 examples graded at this esteemed level, none finer as of April 22, 2024, its rarity further enhances its desirability. PCGS estimates its value at approximately $100,000 USD, while recent auction results for similar specimens have realized impressive sums ranging from $80,000 to $90,000.
As of the time of writing, the bidding war for this numismatic gem has commenced, with the highest bid currently standing at $10,000 USD. With 28 bids already placed, the anticipation for this extraordinary piece continues to soar.
Collectors and investors eager to delve into the vast archive of over 600,000 certified coins and notes meticulously catalogued by GreatCollections over the past eight years are encouraged to visit the GreatCollections Archive for an unparalleled numismatic exploration. This auction presents a rare opportunity to acquire a piece of American history and a breathtaking work of art that will undoubtedly become a cherished addition to any collection.
