Since the U.S. Mint dates all coins it produces, collectors consider a Buffalo Indian Head nickel with the date rubbed off as a low-grade coin likely worth about 50 cents. The intrinsic value of the metal in the coins is around 5 cents, as of 2014.
Also known as a buffalo nickel because of the animal on the flip side, an Indian head nickel is very rare according to the website Rare Buffalo Nickel. However, most of these coins are not terribly valuable, despite the fact that there are not many in circulation.
Buffalo nickels from 1936 are some of the least valuable from the Buffalo nickel series, valued between 43 cents and $21, as of 2014. Value depends on the condition and mintmark of the coin. The coins from San Francisco are worth the most, followed by those from Denver ...
The value of an Indian Head nickel, also known as a Buffalo nickel, does change over time and, as of 2015, has fallen off somewhat since its peak in 2008. Numerous publications track the value of Indian Head nickels and other collectible coins.
The U.S. Mint believes that the Native American figure depicted on the Buffalo Indian Head nickel is a composite image of Chief Iron Tail of the Lakota Sioux, Chief Two Moons of the Cheyenne and another unnamed American Indian. The coins were designed by James Earle Fra...
The value of a U.S. 1937 Indian buffalo nickel ranges between $1.75 to $45. There is a very rare error in this coin in which the buffalo has only three legs. This error is worth upwards of $5,000.
Based on the 2014 prices listed by CoinStudy, an uncirculated 1947 Jefferson nickel from Philadelphia or San Francisco is worth $1.63, and one from Denver is worth $1.67. Coins in circulation are generally not collected by dealers.