The value of a 1928 Buffalo nickel is determined by a combination of factors, including its condition (graded from “poor” to “mint state”), the mint mark (if any), and market demand. For example, a heavily circulated 1928 nickel with no mint mark might be worth face value or slightly more, while a pristine, uncirculated example from the Denver mint could command a significantly higher price.
Understanding the factors affecting numismatic value is crucial for both collectors and those simply curious about old coins. The historical context of the Buffalo nickel, designed by James Earle Fraser and minted from 1913 to 1938, adds to its appeal. Its iconic depiction of a Native American and an American bison represents a significant period in American history and coinage. Accurately assessing a coin’s worth can protect individuals from undervaluing a rare find or overpaying for a common piece.
