The 1929 Buffalo Nickel: A Rare Coin Worth Knowing

An MS-67 Philadelphia example sold for $63,250 at Heritage Auctions — yet circulated coins still trade for just a few dollars. Which side of that gap is your coin on? The mint mark, condition, and the legendary Two Feathers FS-401 variety are the three factors that determine everything.

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$63,250 All-time auction record (1929-P MS-67, Heritage 2005)
52.6M Total 1929 Buffalo Nickels minted across all three mints
3 Mints Philadelphia, Denver & San Francisco — each with its own value range
$36,000 1929-S MS-67+ auction record (Heritage Auctions, 2021)
$1.25+ worn P mint
$2.50+ worn D mint
$3.00+ worn S mint
Two Feathers FS-401 up to $34,875+

Free 1929 Nickel Value Calculator

Select your coin's mint mark, condition, and any errors below, then click Calculate for an instant estimate.

Step 1 — Mint Mark

Step 2 — Condition

Step 3 — Errors / Varieties (check all that apply)

Not sure about the mint mark or condition? There's a 1929 Buffalo Nickel Coin Value Checker free tool that estimates value from photos of your coin, no numismatic knowledge required.

Describe Your 1929 Nickel for a Detailed Assessment

Type what you see on your coin in plain language and our analyzer will identify likely varieties, condition clues, and estimated value range.

Mention these things if you can

  • Mint mark (D, S, or none)
  • Horn detail — full, partial, or flat?
  • Number of feathers in headdress
  • Any doubling on date or LIBERTY
  • Overall luster / shine present?

Also helpful

  • Missing portion of design (off-center?)
  • Flaking or bubbling metal surface
  • Curved or straight clip at rim
  • Any raised blobs or irregular lines
  • Color: dark brown, gray, silver, toned?

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1929-S Two Feathers FS-401 Self-Checker

The Two Feathers variety is the most famous and sought-after 1929 Buffalo Nickel variety. Use this tool to check whether your coin might be one.

1929 Buffalo Nickel obverse and reverse showing Native American portrait, bison, and date
Side-by-side comparison of normal 1929-S Buffalo Nickel with three headdress feathers versus the rare Two Feathers FS-401 variety with only two feathers

🔹 Normal 1929 Buffalo Nickel

  • Three feathers visible in headdress
  • Innermost feather fully formed
  • Standard die, all three mints
  • Common strike, typical value range

🟡 Two Feathers FS-401 — RARE

  • Only two feathers in headdress
  • Third (innermost) feather absent
  • Caused by excessive die polishing
  • Most valuable on San Francisco mint

Check all features that match your coin:

1929 Buffalo Nickel Value Chart at a Glance

For a complete in-depth 1929 Buffalo Nickel identification and grading walkthrough with detailed reference photos, the CoinKnow guide covers every major variety step by step. The table below summarizes current market values across all mints and conditions.

Variety Worn (G–F) Circulated (VF–AU) Uncirculated (MS-60–64) Gem MS (MS-65+)
1929-P (Philadelphia) $1.25 – $3 $6 – $35 $50 – $165 $340 – $8,750+
1929-D (Denver) $2.50 – $5 $12 – $62 $85 – $295 $1,000 – $15,275+
1929-S (San Francisco) $3 – $6 $6 – $30 $55 – $204 $396 – $36,000+
⭐ 1929-S Two Feathers FS-401 $27 – $75 $150 – $800 $800 – $4,200 $4,200 – $34,875+
🔴 1929 DDO FS-101 (any mint) $30 – $80 $100 – $500 $500 – $1,500 $1,500 – $2,500+
Off-Center Strike (20–40%) $100 – $300 $300 – $800 $800 – $2,000 $2,000 – $2,600+

⭐ Gold row = Two Feathers FS-401 signature variety  |  🔴 Red row = DDO FS-101. Values reflect recent auction results and dealer pricing. Individual coins may vary based on strike quality, eye appeal, and certification.

📱 CoinKnow can scan both sides of your 1929 Buffalo Nickel and instantly cross-check its grade against current market values — a coin identifier and value app.

📋 Quick Navigation — Everything on This Page

⚙️ Value Calculator 📝 Describe Your Coin 🔍 Two Feathers Checker 📊 Value Chart ❌ Errors & Varieties Guide 🏛️ Mintage & Survival Data 🔬 How to Grade 💰 Where to Sell

The Valuable 1929 Buffalo Nickel Errors (Complete Guide)

The five varieties and errors below transform ordinary 1929 Buffalo Nickels into serious collectibles. Each has distinct visual diagnostics — learn to spot them and you may be holding something far more valuable than face value.

1929-S Buffalo Nickel Two Feathers FS-401 variety showing only two feathers in the Native American headdress

1929-S Two Feathers FS-401

MOST FAMOUS $27 – $34,875+

The Two Feathers variety (catalogued as FS-401 by CONECA) is the defining collectible variety of the entire 1929 Buffalo Nickel year. It occurs when excessive die polishing at the San Francisco Mint inadvertently removed the incuse impression of the third (innermost) feather from the working die. Every coin struck from that polished die shows only two feathers in the headdress instead of the normal three.

Visually, the missing feather is the one closest to the Indian's scalp line at the top of the headdress. Under a 5× to 10× loupe, the two remaining feathers are well-defined, but the innermost one either disappears entirely or leaves only a faint vestigial trace. It is not a result of wear — the surrounding field and hair texture remain normally detailed, confirming the die-level origin.

Collectors prize this variety because it is a permanent, die-caused distinction rather than a random mechanical error. The 1929-S is the most valuable host coin for FS-401, but the variety also appears on 1929-D and 1929 Philadelphia issues in lower numbers. A PCGS MS-67 example sold through GreatCollections for $34,875, confirming exceptional auction ceiling for gem survivors.

How to spot it

Use a 5–10× loupe and count the feathers at the top of the headdress on the obverse. Normal coins have three distinct feathers. FS-401 shows only two, with the innermost feather absent or trace-only. The surrounding hair detail stays sharp, distinguishing die polish from circulation wear.

Mint mark

Most valuable on San Francisco (S); also exists on Denver (D) and Philadelphia (no mark) in smaller numbers.

Notable

Catalogued as FS-401 by CONECA. A PCGS MS-67 example realized $34,875 at GreatCollections. The Greysheet lists FS-401 with a value range of $27–$4,200 for typical grades; top-tier gem survivors push far beyond that ceiling.

1929 Buffalo Nickel DDO FS-101 doubled die obverse showing visible doubling on the 1929 date numerals and LIBERTY inscription

1929 Doubled Die Obverse FS-101

MOST VALUABLE ERROR $200 – $2,500+

The 1929 Doubled Die Obverse (DDO), catalogued as FS-101 by CONECA, is the premier hub doubling variety for this date. It forms during the die-making process when the hub imparts two slightly offset impressions onto the working die — not when the coin is struck. Every coin produced from that die carries the same permanent doubled image, making this a true variety rather than a random striking accident.

The doubling is most dramatic on the date digits — especially the "9" and "2" — and in the letters of LIBERTY on the left of the obverse. Premium specimens show the doubling clearly to the naked eye as a shadow effect or distinct second outline. Under a 10× loupe, two completely separated impressions are visible, confirming it as a true hub doubled die (not machine doubling, which shows flat shelf-like secondary images with no depth).

This variety appears on Philadelphia-issue coins primarily and commands a premium at every grade level. An MS-61 example with the FS-101 designation sold on eBay in late 2025 for $450–$485, demonstrating that even lower uncirculated grades bring a strong premium when correctly attributed. Properly certified examples typically bring two to five times the normal value for the grade.

How to spot it

Examine the date (1929) and the letters L-I-B-E-R-T-Y under a 10× loupe. Look for two clearly separated impressions with depth and definition, not flat shelf doubling. The "9" numerals and the letters TY in LIBERTY tend to show the most dramatic separation on strong examples.

Mint mark

Philadelphia (no mint mark) primary; also documented on 1929-S FS-101 as a separate CONECA listing. Check both mints.

Notable

Designated FS-101 by CONECA. An NGC MS-61 FS-101 example sold for $450–$485 at eBay auction in October 2025. Greysheet lists this variety separately as a confirmed die variety with premium over base coin across all grades.

1929 Buffalo Nickel off-center strike error showing a visible blank planchet at the rim with the date still legible

Off-Center Strike Error

BEST KEPT SECRET $100 – $2,600+

An off-center strike occurs when the planchet (coin blank) enters the collar between the dies in a misaligned position, causing the design to be stamped off-center and leaving a crescent of blank, unstruck metal at one edge of the coin. These mechanical errors are caught at the mint in most cases, but a small number escaped into circulation — making significant examples genuinely rare.

Value depends on two critical factors: the percentage of off-centering and whether the date remains fully visible. A 20% off-center 1929 Buffalo Nickel with a clear date sold for $977, and a dramatic 40% example brought $2,587 at auction. Coins that are so far off-center that the date is missing are substantially less valuable regardless of the impressive visual effect, because attribution becomes difficult or impossible without the date.

Collectors specifically seek examples that show the design dramatically displaced while still preserving a legible date and, ideally, a visible mint mark below FIVE CENTS. The combination of dramatic visual appeal and confirmed attribution drives premium prices. This is one of the error types that rewards careful examination of your coin's rim and edge areas before dismissing it as damaged.

How to spot it

Look for a crescent of blank, smooth metal at the rim of the coin, with the design shifted toward the opposite side. Measure the percentage of blank area visible. Confirm that the date (1929) is still fully legible on the obverse — this is the single most important value factor for this error type.

Mint mark

All three mints — Philadelphia, Denver (D), and San Francisco (S). No mint preference for this mechanical error type.

Notable

A 1929 no-mint 20% off-center example sold for $977 in 2006; a 40% off-center example reached $2,587 in 2008 (both documented by errorcoins.org). Value scales strongly with the percentage of displacement and date visibility.

1929 Buffalo Nickel lamination error showing peeling or flaking metal surface caused by impurities in the coin's alloy

Lamination Error

MOST COMMON ERROR $20 – $200+

Lamination errors on Buffalo Nickels are among the more frequently encountered mint errors for the series. They arise from impurities — often gas pockets, foreign inclusions, or inconsistent alloying — within the 75% copper, 25% nickel planchet stock. When struck, these weak spots can cause metal layers to delaminate, producing flaking, peeling, cracking, or bubbling on the coin's surface.

Visually, lamination errors appear as areas where the metal surface is lifting away, has already peeled off, or shows a cracked texture unlike normal wear or corrosion. Small lamination flakes that remain attached add modest value ($20–$40 above the base coin), while dramatic examples where large sections of metal have lifted or are missing can add $100 or more. The coin's value must be assessed in totality — the underlying grade of the coin matters as much as the severity of the lamination.

Unlike cleaned or damaged coins, lamination errors are mint-caused defects that grading services acknowledge. PCGS and NGC will grade and attribute lamination errors as genuine mint errors, often adding notations like "Lamination Error" to the certification label. This attribution protects the coin's collectible status and prevents it from being confused with environmental damage, significantly supporting its market value.

How to spot it

Under a 10× loupe, look for areas where the metal surface appears lifted, bubbly, or shows a distinct crack or separation not caused by a die scratch or circulation mark. Laminations often appear lighter in color than surrounding metal. The peeling area typically has sharp, defined edges distinct from smooth wear.

Mint mark

All three mints — Philadelphia, Denver (D), San Francisco (S). Lamination is a planchet defect, not die-specific.

Notable

Common across the Buffalo Nickel series due to the alloy's susceptibility to impurities. PCGS and NGC certify lamination errors with notation. Minor flakes add $20–$40; major peeling laminations can add $100 or more per the coins-value.com reference. Value is additive to base coin grade value.

1929 Buffalo Nickel clipped planchet error showing a curved section missing from the rim of the coin

Clipped Planchet Error

COLLECTOR FAVORITE $50 – $260+

A clipped planchet error occurs during the blanking process, before the coin is struck. When a strip of metal is fed through the blanking press to punch out planchet discs, occasionally a new blank overlaps a previously punched hole — the result is a planchet with a curved (or straight) section missing from its edge. This pre-strike defect means every subsequent impression on that planchet is permanently off-shaped.

On 1929 Buffalo Nickels, two main types appear: curved clips (the more common result of overlapping the punch holes) and straight clips (from the edge of the metal strip). Collectors look for the Blakesley Effect as confirmation of authenticity — a corresponding weakness in the design directly opposite the clip on the coin, caused by uneven metal flow during striking. A genuine clip shows this diagnostic opposite-side weakness; a coin that was simply bent or filed does not.

Value scales with the size of the clip (measured as a percentage) and whether multiple clips are present on the same coin. A small 5% curved clip on a 1929 Philadelphia example was documented selling for up to $168, while double-clip examples with pronounced missing sections have sold for $258 or more. Coins certified by PCGS or NGC as clipped planchets carry a firm premium over raw examples due to the authentication protection.

How to spot it

Examine the rim for a curved or straight missing section where the metal appears to have been punched away before striking. With a 10× loupe, check the design directly opposite the clip for the Blakesley Effect — a weak or missing design element that confirms the error is genuine pre-strike, not post-mint damage.

Mint mark

All three mints — Philadelphia, Denver (D), San Francisco (S). Clipping is a blanking-press defect, not mint-specific.

Notable

A 5% curved clip sold for up to $168; a double straight-clip example reached $258 (errorcoins.org documentation). Confirm authenticity by checking for the Blakesley Effect opposite the clip. PCGS and NGC certify clipped planchets, adding a "Clipped Planchet" notation to the holder.

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1929 Buffalo Nickel Mintage & Survival Data

1929 Buffalo Nickels from all three mints — Philadelphia, Denver, and San Francisco — showing the different mint mark positions
Mint Mint Mark Mintage Est. Uncirculated Survivors Survival Rate (MS)
Philadelphia None 36,446,000 ~13,000 0.036%
Denver D 8,370,000 ~6,500 0.078%
San Francisco S 7,754,000 ~4,500 0.058%
Total 52,570,000 ~24,000
Composition Specs: 75% copper, 25% nickel · Weight: 5.0 grams · Diameter: 21.2 mm · Designer: James Earle Fraser · Edge: Plain · Mint years: 1913–1938. The 1929 issue was struck just months before the October 1929 stock market crash — production continued largely unaffected by early economic turbulence.

Note: While the Philadelphia issue had the largest original mintage, low survival rates in uncirculated condition mean high-grade examples are genuinely scarce. The 1929-D is particularly rare in Mint State despite a moderate mintage, reflecting the economic realities of the era when most coins were spent immediately. Mintage data sourced from PCGS CoinFacts and confirmed by multiple independent reference sources.

How to Grade Your 1929 Buffalo Nickel

Four key diagnostic areas determine grade: the bison's horn, the Indian's cheek, the date sharpness, and the presence of original mint luster. Here is what each condition tier looks like.

1929 Buffalo Nickel grading strip showing four condition tiers from Good (worn) through Fine, About Uncirculated, and Mint State
Worn · G–F
$1.25 – $7
Date visible but flat. Indian's hair, braid, and face merged. Bison's horn flat or gone. LIBERTY letters may touch rim. Heavy wear overall but design outline intact.
Circulated · VF–AU
$6 – $62
Date bold and fully separated. Horn visible, possibly missing tip. Indian's cheek shows wear but hair detail above braid visible. Some original luster may remain near recessed areas in AU grades.
Uncirculated · MS-60–64
$50 – $295
No wear under magnification. Mint luster present — look for cartwheel effect when tilting under single light. Indian's cheek retains full mint frost. Horn detail depends on strike quality, not circulation.
Gem MS · MS-65+
$340 – $36,000+
Full luster, minimal contact marks visible only under loupe. Strong strike with full or near-full horn on bison. Well-struck examples with above-average eye appeal. Only a handful known at MS-67 for all three mints combined.
Strike Quality Pro Tip: Many 1929-D and 1929-S nickels left the mint with soft strikes that flattened the bison's horn and the Indian's hair detail — even on brand-new, uncirculated coins. Never downgrade a coin simply because the horn is incomplete; instead, compare the coin's surfaces (luster, contact marks, cartwheel effect) independently from its strike sharpness. A well-struck 1929-D or 1929-S commands a significant premium over weakly struck examples at the same numeric grade — sometimes 2× or more. Grading services assess both surface preservation and strike quality when assigning grades to Buffalo Nickels.

🔍 CoinKnow lets you match your coin's surface details against graded reference examples to zero in on the right grade range — a coin identifier and value app.

Where to Sell Your Valuable 1929 Buffalo Nickel

The right venue depends on your coin's value tier. A circulated $10 coin belongs on eBay. A $500+ variety or high-grade MS coin deserves Heritage Auctions or professional attribution first.

🏆 Heritage Auctions

The largest numismatic auction house in the world. Best for high-grade (MS-65+) examples, attributed varieties like FS-401 and FS-101, or error coins valued at $300+. Heritage provides expert cataloguing that attracts serious collector competition. Expect 15–20% seller's fees but top realized prices. Submit through their web portal or at any major coin show.

🛒 eBay — Active Market

eBay is the most liquid market for circulated and mid-grade 1929 Buffalo Nickels. Check recently sold prices for 1929 Buffalo Nickel listings to set a competitive starting bid. Use "Buy It Now" for common circulated examples; auction format works better for anything with eye appeal or a variety attribution. Always photograph both sides clearly and mention any errors, mint marks, or unusual features.

🏪 Local Coin Shop

A local dealer offers the fastest, most convenient sale — you walk in, they make an offer, you leave with cash. Dealers typically pay 50–70% of retail value (they need margin to resell). Best for circulated coins worth under $50 where auction fees would eat your profit. Call ahead and confirm they specialize in pre-1940 U.S. coinage. Bring comparable eBay sold listings for reference.

💬 Reddit r/Coins4Sale & Numismatic Forums

Reddit's r/Coins4Sale and r/CoinSales communities allow direct peer-to-peer sales with no auction fees. The Buffalo Nickel collecting community is active and knowledgeable — members will recognize attributed varieties and pay fair prices. Best for mid-range coins ($20–$200) where eBay fees feel excessive. Build a post history first for credibility, and use PayPal Goods & Services for buyer protection.

💡 Get It Graded First — It Pays: If you believe you have a Two Feathers FS-401, a DDO FS-101, or a significant error variety, professional certification from PCGS or NGC will almost always pay for itself. A raw, unattributed FS-401 might sell for $200; the same coin in a PCGS holder with the variety designation has sold for $4,000+. Certification typically costs $25–$50 per coin and takes 4–8 weeks. Submit directly through the PCGS or NGC websites or through an authorized dealer.

1929 Nickel Value — FAQ

How much is a 1929 Buffalo Nickel worth?

A circulated 1929 Buffalo Nickel with no mint mark is typically worth $1.25–$15 depending on wear. The 1929-D ranges from $2.50 to over $12,000 in top grades, while the 1929-S ranges from $3 to $36,000. In gem uncirculated MS-65 or higher, all three mints command significant premiums, and the all-time record for the series is $63,250 for a Philadelphia MS-67 sold at Heritage Auctions in 2005.

What is the Two Feathers variety on the 1929-S Buffalo Nickel?

The 1929-S Two Feathers variety (FS-401) is a die variety caused by excessive polishing of the obverse die, which inadvertently removed the innermost (third) feather from the Native American's headdress. Normal 1929 nickels show three feathers. This variety is most prominent on San Francisco issues and is worth $50–$34,875 depending on grade. Count the feathers on the headdress with a 5× to 10× loupe to check.

Where is the mint mark on a 1929 Buffalo Nickel?

The mint mark is on the reverse (tail side) of the coin, directly below the words 'FIVE CENTS' near the bottom rim. Philadelphia-minted coins have no mint mark. Denver coins show a small 'D' and San Francisco coins show a small 'S' in that location. On heavily worn examples, the mint mark can be difficult to read — use a 5× to 10× loupe under good raking light for best results.

Is the 1929-D nickel rarer than the 1929-S?

In circulated grades, the 1929-S is slightly scarcer. However, in Mint State, the 1929-D is significantly rarer and more valuable due to very low uncirculated survival rates. An MS-65 1929-D is worth roughly $1,000 compared to about $396 for a 1929-S in the same grade. This is a classic example of 'condition rarity' — mintage alone doesn't determine value in high grades.

What does a 1929 DDO FS-101 Buffalo Nickel look like?

The 1929 Doubled Die Obverse (FS-101) shows strong, visible doubling on the date digits and in the letters of LIBERTY. On a premium example, the doubling is visible to the naked eye, appearing as a shadow or doubling of the numerals. Under a 10× loupe, two distinct impressions are clearly separated. This variety is worth $200–$2,500 depending on grade and is catalogued as FS-101 by CONECA.

What is the highest grade 1929 Buffalo Nickel ever sold?

The all-time auction record for a 1929 Buffalo Nickel is $63,250 for a Philadelphia-issue example graded MS-67, sold at Heritage Auctions on May 4, 2005. For the San Francisco issue, an MS-67+ specimen sold for $36,000 at Heritage Auctions in October 2021. For Denver, the record is $15,275 for an MS-66+ at Heritage in February 2014. Only a handful of examples are known at MS-67 across all three mints.

How do I grade my 1929 Buffalo Nickel at home?

Focus on four key areas: (1) The bison's horn — it should be complete tip-to-base in fine grades and above; (2) the Indian's cheek — any smoothing or color change indicates wear; (3) the date — all four digits should be clearly separated and raised; (4) mint luster — in uncirculated grades, the coin's surface shows original cartwheel-effect luster when tilted under a single light. A 10× loupe and single-bulb light source are essential.

Why is strike quality so important for 1929 Buffalo Nickels?

Denver and San Francisco struck many Buffalo Nickels with soft, flat strikes that obscured the bison's horn and the Indian's hair details even on freshly minted coins. A poorly struck 1929-D can look like an AU coin even in MS-64. For this reason, professional grading services evaluate strike quality alongside wear, and well-struck examples of the 1929-D and 1929-S command a significant premium over typical weakly struck specimens of the same numeric grade.

Are off-center 1929 Buffalo Nickels valuable?

Yes. Off-center strike errors on 1929 Buffalo Nickels are collectible, and value depends primarily on the percentage of off-centering and whether the date remains fully visible. A 20% off-center example with a clear date can bring $500–$1,000 or more. A 40% off-center example has sold for over $2,500 at auction. Coins that are so off-center that the date is missing are worth considerably less regardless of the percentage.

Should I clean my 1929 Buffalo Nickel before selling?

Never clean a 1929 Buffalo Nickel. Cleaning removes original mint luster and surface patina, permanently damaging the coin and dramatically reducing its value. Grading services like PCGS and NGC will label cleaned coins as 'details' grades, which can cut value by 50–90%. Even light polishing with a cloth can leave hairline scratches visible under magnification. If you want to sell, submit the coin in its current condition and let buyers assess it honestly.

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