The Beginner’s Guide to Selling Rare Buffalo Nickel Errors: Maximize Value Without the Stress

Buffalo Nickel Errors 101: First-Time Seller’s Roadmap

If you’ve recently discovered rare Buffalo Nickel errors in your collection, you might feel a bit overwhelmed. I remember my first time holding one of these minting mistakes – excited but unsure where to start. Whether you’re handling an estate or simply downsizing, I’ll guide you through selling your certified error coins confidently. Let’s turn those intriguing metal discs into fair cash without the headache.

Getting to Know Your Buffalo Nickel Errors

Why Are Mistake Coins So Valuable?

Three simple factors determine what collectors will pay:

• Rarity: Fewer existing coins = bigger price tags
• Noticeability: Clear errors (like dramatically off-center strikes) fetch higher prices
• Grading: PCGS/NGC certification removes doubts about authenticity

Most Wanted Buffalo Nickel Errors

Look for these common yet valuable mistakes in your collection:

• Off-Center Strikes: When the design isn’t centered (your 1917 example)
• Clips: Missing crescent-shaped pieces (like your 1916 coin)
• Double Strikes: Ghostly overlapping images (your no-date nickel)
• Cuds: Blobby raised areas from broken dies (your 1920 piece)

From my experience: A 10-coin certified set like yours could bring $5,000-$15,000+ based on condition and error type.

Getting Your Coins Ready to Sell

Create Your Coin Inventory

Before contacting buyers, make a simple list like this:


| Year | Mint | Error Type | Grade | Certification # | Estimated Value |
|------|------|------------|-------|-----------------|-----------------|
| ND | S | 25% Off-Center | AU53 | PCGS XXXXXX | $850 |
| 1920 | P | Reverse Cud | XF45 | NGC XXXXXX | $1,200 |
| ... | ... | ... | ... | ... | ... |


Keep it simple – even a Google Sheets document works fine.

How to Get Accurate Valuations

Don’t settle for one opinion. Try this approach:

1. Email clear photos to 3 certified error dealers
2. Check recent sales on Heritage Auctions’ website
3. Use PCGS/NGC guides as your baseline price reference

Where to Sell Your Error Coins

Auction Houses (Best for High-End Errors)

• Heritage Auctions: Global reach but higher fees (15-20%)
• Great Collections: Lower fees (10%) and great for single coins

Specialized Dealers (Quick Sales)

Experts like Jon Sullivan pay cash quickly (typically 60-80% of retail). Choose this route when:

• You need money within a month
• You have truly rare errors
• You’d rather skip the selling process

eBay (For Hands-On Sellers)

Maximize your eBay results with these tips:

• Start auctions Sunday evenings (EST)
• Begin bidding at $0.99 to attract attention
• Snap well-lit photos of both coin sides and certification

Watch out: Local shops often undervalue errors. Only use them for quick cash if needed.

Family Matters When Selling Collections

1. Talking About Family Keepsakes

Before selling any coins:

• Does anyone treasure specific coins?
• Keep 1-2 special pieces for memories
• Write down any family stories connected to the coins

2. Smart Tax Planning

Consult an estate attorney to:

• Lock in current market value through appraisals
• Explore donating valuable coins to museums
• Gift coins tax-free ($16,000/year in 2024)

3. Keeping Family Peace

Settle disagreements before they start:

• Put distribution plans in writing
• Use PCGS/NGC grades to prevent valuation arguments
• Record short videos explaining each coin’s story

Error Coin Myths Busted

“All Dealers Pay Fair Prices”

Here’s what actually happens:

• General coin dealer: $200 offer
• Error specialist: $1,500 offer
• Auction result: $2,500 sale

“Graded Coins Sell Instantly”

You still need to:

• Photograph coins under bright light
• Describe rotation angles for double strikes
• Include original grading paperwork

“Auctions Always Make More Money”

For collections under $10k, fixed-price sales often work better with lower fees and less hassle.

Your 2-Month Selling Plan

First 2 Weeks: List your coins • Scan documents • Research prices

Week 3: Get professional appraisals • Talk to an estate lawyer

Week 4: Pick your selling method • Create your listings

Weeks 5-8: Manage sales • Ship securely

Week 9: Receive payments • Update legal documents

More Than Money: Preserving History

Selling your Buffalo Nickels isn’t just about cash – it’s about honoring their journey. By carefully documenting your coins, choosing the right buyers, and including your family, you’ll turn your coins into cash while preserving their stories. Remember: Every error coin carries a piece of minting history. Your careful selling process ensures that history gets passed along with the coins themselves.

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