How Much Is a 1937 Canadian Nickel Worth?
If you have a 1917-dated Canadian nickel, it is worth ten times more than a 1937 silver dollar! These coins have been rare for many years, and can reach a value of over $10,000 in pristine condition. You may even want to try your hand at collecting one. The thrill of collecting rare coins is almost as rewarding as the purchase itself. There are several other ways to increase the value of your 1937 Canadian nickel.
A rare 1937 Canadian nickel can fetch up to $40000 USD at auction! This coin was struck with a very interesting design, and was sold for nearly four million dollars USD at auction. The date is very small, and there is a tiny dot under the year. This makes it an exceptional example and could fetch you up to $2,500! But it doesn’t end there. A 1951 Canadian nickel could be worth several thousand dollars if you can find one in good condition.
Another example of a rare coin is the 2000p Canada dime. The mint produced only 250 examples of these coins, and many of them weren’t returned to the mint. Today, a high-grade example can fetch up to three thousand Canadian dollars. So, it is worth your time to find one! The value of your 1937 Canadian nickel depends on how much you paid for it. It is best to research the exact value of your 1937 Canadian nickel before you buy it! If you’re looking for something rare, make sure to read this article!
The coins that were minted in the United States and Canada in 1937 were produced in two distinct ways. The U.S. nickels were 75% copper and 25% nickel. In 1942, the Canadian nickel was made out of a brass alloy called “tombac.” In the same year, the shape of the coin changed from round to 12-sided. The change likely was done to distinguish it from the copper 1-cent coin.
In average condition, a 1937 Canadian nickel is worth $1.12 USD, while an MS-66-grade coin can fetch over $149. Even rarer ones can fetch thousands of dollars! However, you’re better off with a 1937 nickel in mint state 63 condition. This is a more valuable type of 1937 nickel than one that has been corroded or damaged by water. If you’re considering selling your 1937 nickel, keep in mind that the condition, mintage and rarity of the coin are all important factors to consider.
When deciding on whether to sell a 1937 Buffalo Nickel or buy a 1917 Canadian nickel, make sure to look for the inscriptions on the reverse side. It’s important to note that the date on the 1937 Buffalo Nickel is the 8th digit of the year, and it’s important to check for this detail. A 1937 nickel that doesn’t have this detail is likely a counterfeit.
The Canadian coin has undergone a redesign with the coronation of Queen Elizabeth. In the first design, the backside of the coin features the fold of the queen’s dress. However, problems with quality and equipment caused the coin to be replaced with an alternate design. A few original design pennies have sold at auction for over $2,000 CAD. The 1955 No-shoulder fold pennies are among the rarest Canadian pennies. These coins were mis-struck with older dies and are among the most expensive ever produced.
The most valuable Buffalo nickel is the three-and-a-half-leg version. The reverse die was polished too hard, and one leg of the iconic buffalo was missing. The coin sold for $88,125 in 2015, equaling $107,500 in 2022 dollars. However, the most valuable 1937 Buffalo nickel is the “Dot” or “Double HP.”
If you are interested in collecting nickels, it’s a good idea to start small and work your way up. Buffalo nickels are more challenging to collect, and can be worth thousands of dollars. Although Buffalo nickels are more affordable than Indian Head nickels, they can still challenge even the most knowledgeable coin collector. For example, a common Buffalo nickel can fetch a few cents in a well-circulated condition. The obverse, meanwhile, showcases a portrait of Native American tribal chiefs.
