Coin Specifications

Category: Modern Commemoratives (1982-Date)
Mint: Philadelphia
Mintage: 272,869
Obverse Designer: James Earle Fraser
Reverse Designer: James Earle Fraser
Composition: Silver
Fineness: 0.9000
Weight: 26.7300g
ASW: 0.7734oz
Melt Value: $17.59 (11/28/2020)
Diameter: 38.1mm
Edge: Reeded
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2001 P BUFFALO S$1 PF obverse 2001 P BUFFALO S$1 PF reverse
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Description & Analysis

This issue came about as the result of a several-years-long campaign by Colorado Senator Ben Nighthorse Campbell. In 1992 he began urging the re-introduction of the Indian Head/Buffalo Nickel, a coin designed by James Earle Fraser and minted for general circulation from 1913 to 1938. Envisioning a silver edition of the nickel for sale to collectors, the senator's goal was to raise funds for America's National Parks. When this legislation failed to pass, the nickel provision was revised to make the coin a silver dollar. Ultimately, such a law did get approved on October 27, 2000. By now, however, the funds raised from sales of this coin were to be directed toward the National Museum of the American Indian in Washington, DC to support its ongoing educational activities. The law provided for the coining of up to 500,000 pieces, a figure that had long since become standard for silver dollar commemoratives. No previous issue in recent years had even come close to such sales, so it was considered a safe limit, and no further thought was given to the matter at the time. Subsequent events, however, would call this number into question. Though the law specified that the design for this coin would simply utilize that created by James Earle Fraser for the nickel in 1913, some modifications were required. The denomination was changed to read "ONE DOLLAR," and the motto "IN GOD WE TRUST," lacking on the circulating nickel, was added to comply with current law. Finally, the date was changed to 2001. No U. S. Mint artist is credited with these revisions, and only Fraser's initial 'F' is seen on the coin. The models, however, were clearly just based on Fraser's design and are not a faithful rendering of it. The coin is in lower relief than the nickel, and, even more distressing, the bison's legs were shortened to accommodate the additional motto above it. Lacking any further inscriptions beyond those mandated by law, this is a coin which evidently commemorates nothing in particular, except perhaps the popularity of Fraser's Buffalo Nickel design. Uncirculated examples were struck at the Denver Mint, with Philadelphia furnishing the proofs. A distinctive feature of the American Buffalo Silver Dollars is that their mintmarks are incused, rather than raised as on most United States coins. Despite its shortcomings as both a piece of art and a legitimate commemorative, the American Buffalo Silver Dollar was an instant hit with collectors. The proof and uncirculated editions both sold out within two weeks of the June 7, 2001 opening date. The normal ratio between proof and uncirculated sales was completely destroyed, as collectors scrambled to get as many coins as they could, leaving their totals almost evenly divided. Contributing to this frenzy was the Mint's offering of a "Coin and Currency Set," which included (in addition to the uncirculated Buffalo Dollar) a reproduction of the popular Series 1899 $5 silver certificate and two U. S. postage stamps, all three featuring engraved portraits of Indians. So great was the demand for this silver dollar in 2001 that some consideration was given to authorizing additional pieces that would bear some distinctive mark to protect the value of the original edition. In a rare display of prudence, Congress ultimately nixed this idea.

GRADE SUMMARY

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Price Guide

Last Updated: 2/4/2020

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

2001 P S$1 BUFFALO PF UC
  GVGFVFXF505355586061626364656667686970
Base $ - - - - - - - - - - - - - - - - 90.00 115 150 300

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: 18088
Low Grade: 62
Average Grade: 69
High Grade: 70

The chart showing 62 series, 63 series, 64 series, 65 series, 66 series, 67 series, 68 series, 69 series, 70 series.
NGC CENSUS DETAIL Last Updated: 11/24/2020 2001 P S$1 BUFFALO PF CA
 PrAgGVGFVF4045505355586061626364656667686970Total
Base---------------1--115311
-----------------------
-----------------------
-----------------------
Total---------------1--115311
 ---------------9%--9%9%45%27% 
2001 P S$1 BUFFALO PF UC
 PrAgGVGFVF4045505355586061626364656667686970Total
Base-------------1-23125823715456230818077
-----------------------
-----------------------
-----------------------
Total-------------1-23125823715456230818077
 -------------0%-0%0%0%0%1%86%13% 

NGC Registry

NGC Registry Score 2001 P S$1 BUFFALO PF CA
 PrAgGVGFVF4045505355586061626364656667686970
Base2122202302412512652752883013143303423663813954094374534634845491138
2152232342442562682792923053193343503713864004184424564705067451195
00000027929230531933435037138640041844245647050600
00000028429731032533835837639040442844846047752700
2001 P S$1 BUFFALO PF UC
 PrAgGVGFVF4045505355586061626364656667686970
Base2372482582722822953083233363513663813954234374454774895025155861206
2412512632752862993133273413563713864044284404564814935065397931266
00000031332734135637138640442844045648149350653900
00000031833234636137639041443244246648549851156200
Registry Image Gallery
Grade: PF 70 UC
Points: 1206
Owner: Beijim
 
Grade: PF 70 ULTRA CAMEO
Points: 1206
Owner: Bill Dobbs
 
View the Registry Image Gallery

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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.