When you find a 1927 Buffalo Nickel in your collection or pocket change, you’re holding a piece of American numismatic history that’s nearly a century old. But exactly how much is this classic coin worth? The value of a 1927 Buffalo Nickel can range dramatically from just a few dollars to hundreds or even thousands, depending on several key factors.
In this comprehensive guide, we’ll explore the factors that determine your 1927 Buffalo Nickel’s value, from mint marks to condition grades and rare error varieties. By the end, you’ll have the knowledge to accurately assess what your coin is truly worth in today’s market.
History of the Buffalo Nickel
The Buffalo Nickel represents a significant departure from previous coin designs, embracing distinctly American imagery rather than classical European motifs. Fraser, who studied under Augustus Saint-Gaudens, created a coin that celebrated indigenous heritage and the American frontier.
For the obverse portrait, Fraser combined features from three Native American chiefs: Iron Tail (Sioux), Two Moons (Cheyenne), and John Big Tree (Seneca). The reverse features Black Diamond, a bison that lived in New York’s Central Park Zoo.
Buffalo Nickel Production Timeline
- 1913
First Buffalo Nickels Minted
The first Buffalo Nickels were struck, with two design variations (Type 1 and Type 2) released in the same year.
- 1927
Three Mint Production
Buffalo Nickels were produced at three mints: Philadelphia (no mint mark), Denver (D), and San Francisco (S).
- 1938
Production Ends
The last Buffalo Nickels were struck, ending a 25-year run before being replaced by the Jefferson Nickel.
By 1927, the Buffalo Nickel had been in production for 14 years and had already established itself as an American classic. That year, three U.S. Mint facilities produced the coin: Philadelphia (no mint mark), Denver (D mint mark), and San Francisco (S mint mark).
The 1927 Buffalo Nickel Specifications
The 1927 Buffalo Nickel shares the same physical specifications as other years in the series:
1927 Buffalo Nickel Specifications
Composition: 75% copper, 25% nickel
Weight: 5.0 grams
Diameter: 21.2 mm
Edge: Plain (smooth)
Designer: James Earle Fraser
Obverse: Native American profile
Reverse: American bison (buffalo) on a mound
Mint Marks and Production Numbers
The mint mark on a Buffalo Nickel is located on the reverse side, below “FIVE CENTS.” For 1927, there were three different mint facilities producing these coins:
1927 Buffalo Nickel Mintage Figures
Production quantity by mint facility
The significantly lower mintage figures for the Denver and San Francisco coins make them more valuable, particularly in higher grades, compared to the Philadelphia issues.
1927 Buffalo Nickel Value Based on Condition
Understanding Coin Grading
Before looking at specific values, it’s important to understand the basic grading categories:
- Circulated Grades (P-1 to AU-58): Coins showing wear from circulation
- Uncirculated Grades (MS-60 to MS-70): Coins with no wear from circulation
For Buffalo Nickels, key details to examine include:
Buffalo Nickel Grading Points
Check these areas to assess your coin's condition
1927 Buffalo Nickel Value Chart (No Mint Mark - Philadelphia)
The Philadelphia mint produced the most 1927 Buffalo Nickels, making them the most common. Here’s what they’re typically worth:
1927 (P) Buffalo Nickel Value
Market values as of April 2025
| Category | Price | Notes |
|---|---|---|
| Philadelphia (No Mint Mark) | 37,981,000 | Highest production |
| Denver (D) | 5,730,000 | Medium production |
| San Francisco (S) | 3,430,000 | Lowest production |
1927-D Buffalo Nickel Value (Denver)
With a mintage of only 5.73 million, the Denver mint coins are considerably scarcer and more valuable:
1927-D Buffalo Nickel Value
Market values as of April 2025
| Category | Price | Notes |
|---|---|---|
| Good (G-4) | $1.25 - $1.50 | Heavy wear, but date and design visible |
| Very Good (VG-8) | $2.00 - $3.00 | Moderate wear with some details visible |
| Fine (F-12) | $4.00 - $5.00 | Light wear with most details intact |
| Very Fine (VF-20) | $7.00 - $9.00 | Minor wear with good detail remaining |
| Extremely Fine (EF-40) | $12.00 - $15.00 | Slight wear only on highest points |
| About Uncirculated (AU-50) | $25.00 - $35.00 | Minimal wear with most luster intact |
| Mint State (MS-60) | $45.00 - $55.00 | No wear but may have imperfections |
| Mint State (MS-63) | $80.00 - $100.00 | Above average uncirculated condition |
| Mint State (MS-65) | $300.00 - $350.00 | Gem quality with minimal marks |
| Mint State (MS-67) | $1,200.00 - $1,500.00 | Superior gem quality, extremely rare |
1927-S Buffalo Nickel Value (San Francisco)
The San Francisco mint produced the fewest 1927 Buffalo Nickels, making them the most valuable in most grades:
1927-S Buffalo Nickel Value
Market values as of April 2025
| Category | Price | Notes |
|---|---|---|
| Good (G-4) | $2.50 - $3.50 | Well-worn but identifiable |
| Very Good (VG-8) | $4.00 - $5.00 | Worn with partial detail remaining |
| Fine (F-12) | $7.00 - $9.00 | Moderate wear, main features clear |
| Very Fine (VF-20) | $20.00 - $30.00 | Light wear with good detail visible |
| Extremely Fine (EF-40) | $80.00 - $95.00 | Minor wear on highest points |
| About Uncirculated (AU-50) | $135.00 - $160.00 | Trace wear, most luster present |
| Mint State (MS-60) | $200.00 - $250.00 | No wear but may have marks |
| Mint State (MS-63) | $350.00 - $425.00 | Above average uncirculated |
| Mint State (MS-65) | $1,200.00 - $1,500.00 | Gem quality, difficult to find |
| Mint State (MS-67) | $12,000.00+ | Extremely rare in this grade |
Valuable Error Varieties of the 1927 Buffalo Nickel
Double Die Obverse (DDO)
The 1927 Double Die Obverse error shows doubling in the date and sometimes in the lettering of “LIBERTY” and the Native American’s features. This error occurs during the die manufacturing process when multiple impressions are made at slightly different angles.
1927 DDO Buffalo Nickel Value
Market values for Double Die Obverse errors
| Category | Price | Notes |
|---|---|---|
| Good (G-4) | $1.50 - $2.50 | Heavy wear but identifiable |
| Very Good (VG-8) | $3.00 - $4.00 | Well-worn with basic details visible |
| Fine (F-12) | $5.00 - $8.00 | Moderate wear, all features visible |
| Very Fine (VF-20) | $25.00 - $35.00 | Light wear with good detail |
| Extremely Fine (EF-40) | $95.00 - $115.00 | Minor wear on highest points |
| About Uncirculated (AU-50) | $185.00 - $225.00 | Trace wear, majority of luster present |
| Mint State (MS-60) | $275.00 - $325.00 | No wear but may have surface marks |
| Mint State (MS-63) | $750.00 - $900.00 | Above average uncirculated condition |
| Mint State (MS-65) | $4,000.00 - $5,000.00 | Gem quality, very difficult to find |
| Mint State (MS-67) | $35,000.00+ | Exceptionally rare, museum quality |
1927-S DDO (San Francisco Double Die)
The San Francisco mint also produced a Double Die Obverse variety that shows more dramatic doubling than the Philadelphia version. These are quite rare and can command substantial premiums.
In a 2019 auction, a 1927-S DDO Buffalo Nickel in MS-63 condition sold for $840, demonstrating the significant premium these error coins can achieve.
Repunched Mint Marks
Some 1927-D and 1927-S nickels show evidence of repunched mint marks, where the “D” or “S” was stamped multiple times at slightly different positions. These varieties typically sell for 20-50% more than standard examples in the same grade.
Die Cracks and Cuds
Late-stage die cracks and cuds (raised areas of metal where a piece of the die has broken away) can add a 10-30% premium to the coin’s value, depending on the size and location of the error.
Recent Auction Results for 1927 Buffalo Nickels
Recent Auction Sales of 1927 Buffalo Nickels
Notable auction results from 2023-2025
| Category | Price | Notes |
|---|---|---|
| Fine (F-12) | $75.00 - $125.00 | Visible doubling despite wear |
| Very Fine (VF-20) | $150.00 - $225.00 | Clear doubling with moderate wear |
| Extremely Fine (EF-40) | $250.00 - $350.00 | Strong doubling with minimal wear |
| Mint State (MS-63) | $750.00 - $1,000.00 | No wear, pronounced doubling |
These auction results demonstrate the significant premium that high-grade examples and error coins can command in today’s market. For the most common Philadelphia mint coins, the jump in value from MS-65 to MS-67 is particularly dramatic, illustrating the importance of quality within the uncirculated grades.
Factors That Affect Your 1927 Buffalo Nickel's Value
1. Strike Quality
The quality of the strike can vary considerably among 1927 Buffalo Nickels. Coins with a strong, crisp strike that shows full detail in the buffalo’s horn and the Native American’s hair features will command a premium over weakly struck examples.
2. Original Surfaces
Buffalo Nickels with original surfaces and natural toning are preferred by collectors over coins that have been cleaned, polished, or chemically altered. Cleaning can reduce a coin’s value by 50% or more.
3. Full Horn Detail
On the reverse of the Buffalo Nickel, the horn of the buffalo is a key focal point. Coins with a complete horn that shows full detail (known as “Full Horn” examples) can sell for 20-100% more than those with worn or weakly struck horns.
4. Luster Quality
For uncirculated coins, the quality and completeness of the mint luster significantly impacts value. Coins with full, cartwheel luster are worth more than those with dull or incomplete luster.
5. Professional Certification
Coins that have been authenticated, graded, and encapsulated by respected third-party grading services like PCGS or NGC typically command higher prices than ungraded examples, especially in higher grades where authenticity and accurate grading are crucial.
Tips for Collecting 1927 Buffalo Nickels
Starting Your Collection
If you’re new to collecting Buffalo Nickels, consider these approaches:
Beginner Collection Strategies
Ways to start collecting 1927 Buffalo Nickels
Authentication and Grading
For more valuable examples, especially those in high grades or with potential errors, consider these guidelines:
Third-Party Grading: For coins potentially worth over $100, professional grading from PCGS or NGC is often worth the investment.
Authenticity Verification: Counterfeit Buffalo Nickels exist, particularly of key dates and mint marks. Professional grading services can verify authenticity.
Proper Storage: Use acid-free holders, not PVC-containing flips which can damage coins over time.
Where to Buy 1927 Buffalo Nickels
Reputable sources for purchasing 1927 Buffalo Nickels include:
Where to Buy 1927 Buffalo Nickels
Heritage Auctions
One of the largest numismatic auction houses with frequent offerings of Buffalo Nickels.
APMEX
A major online coin retailer with a wide selection of Buffalo Nickels in various grades.
USA Coin Book
Online marketplace connecting coin buyers and sellers with Buffalo Nickel listings.
eBay
Large selection but requires careful evaluation of seller ratings and return policies.
Preserving Your 1927 Buffalo Nickel's Value
Storage Recommendations
To preserve your coin’s condition and value:
Use proper holders: Non-PVC, acid-free coin holders, flips, or albums designed specifically for coins.
Avoid handling: When necessary, hold coins by their edges and consider using cotton gloves.
Control environment: Store in a cool, dry place with stable temperature and humidity.
Never clean your coins: Cleaning almost always reduces a coin’s value, even if it makes the coin look “better” to the untrained eye.
Consider slabbing: For valuable specimens, professional encapsulation (“slabbing”) by PCGS or NGC provides protection and authentication.
Frequently Asked Questions About 1927 Buffalo Nickels
Where is the mint mark on a 1927 Buffalo Nickel?
The mint mark on a 1927 Buffalo Nickel is located on the reverse (buffalo) side, directly below the denomination "FIVE CENTS." If your coin was minted in Denver, you'll see a small "D" in this location. If it was minted in San Francisco, you'll see a small "S." Philadelphia-minted coins do not have a mint mark.
How can I tell if my 1927 Buffalo Nickel is valuable?
To determine if your 1927 Buffalo Nickel is particularly valuable, check these key factors: <ol> <li>Mint mark (D and S are worth more than no mint mark)</li> <li>Condition (higher grades are more valuable)</li> <li>Strike quality (look for full horn detail on the buffalo)</li> <li>Error varieties (look for doubling in the date or lettering)</li> <li>Original surfaces (uncleaned coins are worth more)</li> </ol> Coins in uncirculated condition or with rare error varieties can be worth hundreds or even thousands of dollars.
What is the most valuable 1927 Buffalo Nickel?
The most valuable 1927 Buffalo Nickels are the highest-grade examples from the San Francisco mint (1927-S). A 1927-S Buffalo Nickel in pristine Mint State (MS-67) condition can be worth $35,000 or more. Among error varieties, the 1927-S Double Die Obverse can command significant premiums, with examples in MS-63 condition selling for around $840 or more.
Does the 1927 Buffalo Nickel contain silver?
No, the 1927 Buffalo Nickel does not contain any silver. It is composed of 75% copper and 25% nickel, giving it a silver-like appearance. The U.S. Mint did not use silver in the composition of five-cent pieces (nickels) during this period. The only U.S. nickels that contained silver were the "War Nickels" produced from mid-1942 to 1945.
What is the error on the 1927 Buffalo Nickel?
The most notable error on 1927 Buffalo Nickels is the Double Die Obverse (DDO) variety, particularly on San Francisco-minted coins. This error shows doubling in the date, "LIBERTY," and sometimes in the Native American's features. Other errors include repunched mint marks (especially on D and S coins) and die cracks/cuds that formed as the dies wore out during the minting process.
How do I know if my 1927 Buffalo Nickel is authentic?
To determine authenticity of a 1927 Buffalo Nickel: <ol> <li>Check the weight (should be 5.0 grams)</li> <li>Examine the design details under magnification</li> <li>Look for the correct font style and positioning</li> <li>Verify the edge is plain (not reeded)</li> <li>Use a magnet (real nickels are not magnetic)</li> </ol> For valuable specimens, consider professional authentication through PCGS or NGC, especially for high-grade or error coins where the financial stakes are higher.
Why is the date often worn off Buffalo Nickels?
The date on Buffalo Nickels is frequently worn off because it was one of the highest points of the design and the first area to wear down during circulation. Additionally, the date was not recessed or protected in any way, making it particularly vulnerable to wear. This is why clearly dated Buffalo Nickels, even in lower grades, often command a premium over examples with worn dates.
External Resources for Buffalo Nickel Collectors
Educational Resources and References
JM Bullion - 1927 Buffalo Nickel Value
Detailed pricing information and historical context for 1927 Buffalo Nickels.
Coin Value Checker - 1927 Nickel Worth
Comprehensive guide with values for different grades and mint marks of 1927 Buffalo Nickels.
NGC Coin Explorer - Buffalo Five Cents
Professional grading service information on Buffalo Nickels with auction records and price guides.
USA Coin Book - 1927 Buffalo Nickel
Pricing information, photos, and historical context for 1927 Buffalo Nickels.
The Greysheet - 1927 Buffalo Nickel Pricing
Industry-standard pricing guide used by dealers for Buffalo Nickel valuations.
PCGS CoinFacts - 1927 Buffalo Nickel
Population reports, auction records, and detailed coin information from a leading grading service.
BOLD Precious Metals - 1927 Buffalo Nickel Guide
Comprehensive guide to the 1927 Buffalo Nickel with values and collecting tips.
Conclusion: Is Your 1927 Buffalo Nickel a Hidden Treasure?
The 1927 Buffalo Nickel represents an important piece of American numismatic history, blending artistic design with cultural significance. While most examples in circulated condition are worth between $1 and $15, premium specimens with the right combination of mint mark, condition, and striking characteristics can be worth hundreds or even thousands of dollars.
The key factors that determine your coin’s value are:
- Mint mark: S-mint coins are generally the most valuable, followed by D-mint
- Condition: Uncirculated coins bring significant premiums
- Strike quality: Full horn detail adds substantial value
- Error varieties: Double Die Obverse and repunched mint marks are particularly valuable
- Original surfaces: Uncleaned, naturally toned coins are preferred
Whether you’re a seasoned numismatist or just discovered a 1927 Buffalo Nickel in an old collection, understanding these factors will help you accurately assess what your coin is truly worth in today’s market. For potentially valuable specimens, professional grading and authentication can provide peace of mind and potentially increase the coin’s marketability.
The Buffalo Nickel’s iconic American design continues to make it one of the most beloved and collected U.S. coins, ensuring that well-preserved examples will likely maintain or increase their value in the years to come.
Get a Professional Appraisal
Unsure about your item’s value? Our certified experts provide fast, written appraisals you can trust.
- Expert report with photos and comps
- Fast turnaround
- Fixed, upfront pricing
No obligation. Secure upload.
| Item | Price | Date | Auction House |
|---|---|---|---|
| 1927 (P) MS-66 | $1,175 | January 2025 | Heritage Auctions |
| 1927-D MS-65 | $1,320 | March 2025 | Stack's Bowers |
| 1927-S MS-64 | $2,640 | November 2024 | Heritage Auctions |
| 1927 (P) MS-67 | $4,800 | August 2024 | Legend Rare Coin Auctions |
| 1927-S DDO (Double Die) MS-63 | $840 | May 2024 | GreatCollections |