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Are old buffalo nickels worth anything and who buys them?

Jon Warren
If you want to flip large lots of buffalo nickels for a quick profit, the current wholesale price dealers will pay for clean, undamaged buffalo nickels is $10.00 per pound in bulk. Large dealers will take any quantity up to 100,000 coins or 1000 pounds in weight. There are roughly 90 nickels per pound.

Any nickel dated from 1913 to 1938 is a buffalo nickel and is also sometimes called an Indian head nickel. They are called 'buffalo nickels' because they have an image of a standing buffalo on the reverse, or backside of the coin. In 1939, the buffalo nickel was replaced with the Jefferson nickel, which is what we still have, with few changes, today.

Buffalo nickels are very common, but some rare dates are worth dollars, not nickels. However, they are rare for a reason. You could spend a lifetime searching through mountains of of them and never find a rare date. Finding a rare date or mint mark is like winning the lottery.

It is much more profitable to deal in bulk. Buy them whenever you have the chance at flea markets, yard sales, estate sales, then turn around and sell them to a reputable dealer for a profit. This is called 'the art of the flip'. Or do some searching for rare dates, then do the flip.

Whatever you decide to do, just remember that there are lots of dealers who are in the business of buying large lots of common date coins. If you want to know how to find a reputable dealer to sell your buffalo nickels to, JUST ASK IGUIDE.