The 2005-D Jefferson Buffalo Nickel is a rare and unique coin from the Westward Journey Nickel series. This coin has gained significant attention among collectors because of a special minting error called the “Speared Bison.” The error, along with its historical significance, has made this nickel highly sought after in the numismatic world.
Historical Background
The Westward Journey Nickel series was introduced in 2004 to commemorate the bicentennial of the Louisiana Purchase and the Lewis and Clark expedition. The 2005 nickel features an image of an American bison on its reverse, paying homage to the classic Buffalo nickel designed by James Earle Fraser. During the minting process at the Denver Mint, a die error led to the creation of the famous “Speared Bison” variety, now a highly collectible coin.
The Speared Bison Error
The Speared Bison error is the result of a die break during the minting process. A raised line appears on the reverse side of the coin, running through the bison’s back, which gives the appearance of a “spear” piercing the animal. This distinctive error has captivated both casual coin collectors and serious numismatists.
Characteristics of the Error
- Visual Appearance: The key feature is the raised line or “spear” running through the bison, creating a unique and unusual visual effect.
- Mint Mark: The 2005-D nickel bears a “D” mint mark, signifying it was minted at the Denver Mint.
- Mintage: While millions of these nickels were produced, only a small number have the Speared Bison error, making them rare and valuable.
Value and Collectibility
The value of the 2005-D Jefferson Buffalo Nickel with the Speared Bison error depends on its condition. Collectors often seek out higher-grade coins, which command much higher prices. Here’s a breakdown of values based on condition:
| Grade | Value (Approx.) |
|---|---|
| MS-61 | $135 |
| MS-62 | $150 |
| MS-63 | $235 |
| MS-64 | $300 |
| MS-65 | $450 |
| MS-66 | Up to $1,100 |
Coins in Mint State (MS) condition are much more valuable because of their rarity in perfect condition.
Market Trends
The market for collectible coins like the Speared Bison Nickel fluctuates based on collector interest. Due to its unique error and historical significance, the Speared Bison remains a favorite among collectors. As more collectors discover this error, its value continues to rise, making it an exciting coin to invest in.
Collecting Tips
If you’re interested in collecting the 2005-D Jefferson Buffalo Nickel with the Speared Bison error, keep these tips in mind:
- Research Reputable Dealers: Always buy from trusted coin dealers or auction houses.
- Check for Authenticity: Ensure the coin is authenticated by a recognized grading service.
- Stay Informed: Keep an eye on auction results and market trends to understand the coin’s current value.
Conclusion
The 2005-D Jefferson Buffalo Nickel with the Speared Bison error is a unique and valuable piece of American coinage. Its distinct error and connection to American history make it a sought-after collectible. As the market continues to evolve and interest in the Speared Bison grows, collectors of all experience levels should stay informed and consider the coin’s condition when evaluating its worth. Whether you’re just starting out or are an experienced numismatist, understanding the significance of this error coin can add a fascinating piece to your collection.
FAQ’s
What is the Speared Bison error?
The Speared Bison error occurs when a die break causes a raised line, resembling a spear, to appear on the bison’s back.
How much is a 2005-D Speared Bison Nickel worth?
The value can range from $135 to $1,100 depending on the coin’s condition and grade.
Where was the 2005-D Speared Bison Nickel minted?
It was minted at the Denver Mint, which is indicated by the “D” mint mark.