Coin Specifications

Category: Buffalo Five Cents (1913-1938)
Mint: Denver
Obverse Designer: James Earle Fraser
Reverse Designer: James Earle Fraser
Composition: Copper-Nickel
Weight: 5.0000g
Diameter: 21.2mm
Edge: Plain
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1937 D 3 LEGS 5C MS obverse 1937 D 3 LEGS 5C MS reverse
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Description & Analysis

Coin collecting seems to be among the few hobbies in which the poorest examples of quality control are celebrated, but this issue has been a hot-ticket item since it was first reported in 1939.

Not a true variety, as the missing leg feature was present in the die when new, it is more properly described as a late die state (LDS) striking. The technical term that has been adopted by variety specialists is Abraded Die Reverse (ADR).

Conventional wisdom has it that the removal of the bison's foreleg came about through overpolishing of the die to eradicate clash marks, but other evidence in both dies suggests otherwise. The heavy erosion lines visible in the hindmost leg and in the Indian's neck establishes that this die pair was severely worn at the time. A more likely scenario is that both dies were repolished to smooth their fields by removing the heavy furrows that form on overused dies.

The famed 3-legged nickel is not rare in worn condition, but pieces grading XF and higher are scarce in relation to the great demand. Mint State coins are very elusive, with gems being genuinely rare.

GRADE SUMMARY

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Price Guide

Last Updated: 4/29/2021

Click on a price to see historical prices, comparison charts and trends.

1937 D 3 LEGS 5C MS
  GVGFVFXF505355586061626364656667686970
Base $ 490 535 585 675 875 975 1100 1175 1600 2275 2500 3250 4500 7000 27500 40000 110000 - - -
$ - - - - 1700 - - 3500 4900 9000 31500 85000 - -

NGC Price and Value Guides Disclaimer

Disclaimer: The prices listed in the various NGC Price and Value Guides are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. Prices provided are averages, not specific prices for individual coins. Further, because these prices are only updated from time to time, they do not reflect short term pricing trends, which are quite common and are often quite dramatic, given the volatile nature of the collectible coin marketplace. This is especially true for rare coins, where there are fewer sales and greater variations in sale prices. For all of these reasons, the prices in these guides are designed to serve merely as one of many measures and factors that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and — when appropriate — expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Guides. By using the NGC Guides, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the Guides.

Census

 
NGC GRADE SUMMARY

Total Graded: 7120
Low Grade: PrAg
Average Grade: 53
High Grade: 67

The chart showing PrAg series, G series, VG series, F series, VF series, 40 series, 45 series, 50 series, 53 series, 55 series, 58 series, 60 series, 61 series, 62 series, 63 series, 64 series, 65 series, 66 series, 67 series.
NGC CENSUS DETAIL Last Updated: 5/11/2021 1937 D 3 LEGS 5C MS
 PrAgGVGFVF4045505355586061626364656667686970Total
Base12482277121438560524635785513571646363629622954212---7120
--------------11-21---5
--------1---248154-----34
-----------------------
Total12482277121438560524635885513571646564030524558233---7159
 0%0%1%4%17%5%8%3%5%12%19%0%6%9%4%3%1%0%0%--- 

NGC Registry

NGC Registry Score 1937 D 3 LEGS 5C MS
 PrAgGVGFVF4045505355586061626364656667686970
Base2853604535638209081047117313361435157316581799204826143349565672587756114832970848352
3103914896488499541089122713691481160117051882223628594118619074248998175583592250770
00000010891227136914811601170518822236285941186190742489981755800
000000113112811402152716291752196524253104488767247590102402363300
Registry Image Gallery
Grade: MS 64
Points: 5093
Owner: uscurrencyandcoins.com
 
Grade: MS 63
Points: 3968
Owner: MarkPaul
 
View the Registry Image Gallery

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NGC Auction Central Disclaimer

NGC Auction Central Disclaimer

Disclaimer: The auction prices realized listed in the NGC Auction Central are compiled from a number of independent, third party sources in the numismatic community which NGC believes to be reliable. The auction data listed by NGC may occasionally contain typographical or input errors that can result in incorrect prices realized appearing on the NGC website. Therefore, the prices realized listed in NGC Auction Central are designed to serve merely as one of many measures and facts that coin buyers and sellers can use in determining coin values. These prices are not intended, and should not be relied upon, to replace the due diligence and – when appropriate – expert consultation that coin buyers and sellers should undertake when entering into a coin transaction. As such, NGC disclaims all warranties, express or implied, with respect to the information contained in the NGC Auction Central. By using the NGC Auction Central, the user agrees that neither NGC nor any of its affiliates, shareholders, officers, employees or agents shall have any liability for any loss or damage of any kind, including without limitation any loss arising from reliance on the information contained in the NGC Auction Central.