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    Description

    Gem 1937-D Three-Legged Nickel
    High-Grade Collector Classic

    1937-D 5C Three-Legged MS65 PCGS Secure. CAC. The result of a die-polishing error, the 1937-D Three-Legged Buffalo nickel is one of the most famous coins of the 20th century, and the issue is avidly pursued by collectors in all grades and conditions. Although the popular Three-Legged Buffalo's name derives from the missing front left (facing) leg, curiously, the hoof on that leg is still present. Despite the many bogus examples present in the marketplace -- this is one variety that should always be purchased certified, never raw -- there are many other die diagnostics on each side that characterize examples of the genuine variety. We have enumerated those die diagnostics many times before and will not repeat them here. But to seasoned collectors, the issue has a special "look" in any case that no doctored-up 1937-D nickel with removed leg can emulate.
    The dies on both sides were in a rather advanced state of erosion, giving the overall level of detail a somewhat weatherbeaten appearance and leaving many fine die markers throughout both side. Of course, it is well-known that the Three-Legged variety was created through the overzealous lapping of the reverse die, which had clashed with the obverse. The die preparation resulted in the removal of the bison's foreleg.
    The advanced die state also left the die showing some slight microporosity that tends to produce rather diffuse luster on Three-Leggers, even those in the high Mint State grades. Although some have better luster than others, we do not recall ever seeing a Three-Legged Buffalo with the kind of blazing luster sometimes found, for example, on a high-grade 1938-D Buffalo.
    The inclusion of this variety in PCGS Registry Sets for both Complete Varieties and Major Varieties has greatly increased the already significant demand for high-grade specimens in recent years. This delightful Gem features well-detailed design elements and satiny mint luster, with a few hints of pale gold and ice-blue toning. Eye appeal is outstanding. Population: 51 in 65 (1 in 65+), 6 finer (6/12).(Registry values: N4719) (NGC ID# 22SX, PCGS# 3982)

    Weight: 5.00 grams

    Metal: 75% Copper, 25% Nickel


    Learn more at the Newman Numismatic Portal at Washington University in St. Louis.

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    Auction Dates
    August, 2012
    2nd-5th Thursday-Sunday
    Bids + Registered Phone Bidders: 11
    Lot Tracking Activity: N/A
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