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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Go to Free Calculator →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.
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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.
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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.
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.
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.
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.
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.
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.
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| 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 | — |
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.
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.
🔍 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.
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.
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 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.
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'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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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