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Description

Gem 1937-D Three-Legged Buffalo
Sharply Struck and Eminently Collectible

1937-D 5C Three-Legged MS65 PCGS. CAC. FS-901. It is no accident that the 1937-D Three-Legged Buffalo exists in relatively plentiful numbers today compared to its other two "popular variety" cousins, the 1916 Doubled Die Obverse and the 1918/7-D overdate. The 1918/7-D overdate saw a dozen years intervene between its production and when the variety was first publicized, in a March 1930 auction conducted by The Hobby Shop. Lange comments that "little interest was shown at that time, and it was not until later in the decade, when collecting Buffalo nickels by date and mint really took off, that dealers made serious attempts to stock this rare issue."
The 1916 Doubled Die saw a much-longer time period between production and general awareness -- nearly 50 years. In contrast, however, by 1937 there were many more collectors and dealers attuned to the vagaries of the market and potential moneymakers. So it was that the Three-Legged Buffalo was both eagerly sought -- and discovered in small hordes -- within a few months of its manufacture. Most of the certified examples range from XF to AU, with a much smaller complement of Mint State pieces centered around the MS62 level.
At the Gem level of the present piece and with the CAC endorsement kicker, this is a conditional rarity, one of 51 submissions at PCGS, with but four finer (11/11). Of those 51 submissions, only 11 have achieved the CAC endorsement. This piece boasts a sharper strike than usual for the issue, putting the many unusual and characteristic diagnostics on bold display. Pastel pinkish and ice-blue accents complement mint luster that is far nicer than normal, and there are few signs of contact. A real "keeper" for the many aficionados of this ever-popular series.(Registry values: N4719) (NGC ID# 22SX, PCGS# 3982)

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Auction Info

Auction Dates
January, 2012
3rd-8th
Internet/Mail/Phone Bidders: 7
Members Tracking: N/A
Page Views: 478

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