The 2005 American Bison Nickel, part of the U.S. Mint’s Westward Journey series, has become a favorite among coin collectors. While most of these nickels are worth only face value, some contain rare minting errors that make them worth over $1,000. The most famous of these is the “Speared Bison” error, which features a distinctive die gouge running through the bison’s back. If you think you might have one of these valuable coins, this guide will help you identify and authenticate it.
Table of Contents
History
The U.S. Mint released the American Bison Nickel in 2005 to honor the bicentennial of the Lewis and Clark expedition. The reverse side of the coin features a bold depiction of an American bison, symbolizing the wildlife encountered during their journey. This design also pays tribute to Native American tribes, whose history is closely tied to the Great Plains and westward expansion.
On the obverse, the coin showcases a modernized portrait of Thomas Jefferson, marking a shift in the mint’s artistic approach. This update makes the coin even more interesting to collectors, as it represents a transition in U.S. coinage design.
Value
Not all 2005 American Bison Nickels are valuable, but certain factors can increase their worth significantly.
The “Speared Bison” Error
The most sought-after version of this coin has a die gouge error that appears as a raised line running through the bison’s back, resembling a spear. This error was caused by damage to the minting die, making these coins rare and valuable.
Mint Marks
The 2005 Bison Nickel was minted in both Denver (D) and Philadelphia (P). Coins from both locations can have the valuable error, but some collectors believe Denver-minted nickels have sharper details, making them slightly more desirable.
Condition
Like all collectible coins, condition matters. Coins in mint or uncirculated condition with no wear, scratches, or discoloration fetch higher prices.
Collector Demand
Because the Speared Bison Nickel is both rare and visually unique, collectors are willing to pay a premium to add one to their collection.
Identifying a Valuable American Bison Nickel
If you want to determine whether your 2005 Bison Nickel is valuable, follow these steps:
Inspect the Reverse Side
Examine the bison’s back closely. If you see a raised line running through the animal’s body, you might have the rare “Speared Bison” error. Additionally, check for other irregularities like misaligned strikes or doubled images, as these can also add value.
Check the Mint Mark
Look below the year on the obverse side to find a “D” (Denver) or “P” (Philadelphia) mint mark. While both mints produced valuable versions, some collectors prefer Denver-minted coins due to their sharper details.
Assess the Condition
Coins in uncirculated condition, with no scratches or wear, command higher prices. The better the coin’s condition, the more valuable it is.
Get a Professional Grading
If you believe you have a valuable coin, consider submitting it to a professional grading service such as:
- PCGS (Professional Coin Grading Service)
- NGC (Numismatic Guaranty Corporation)
- ANACS (American Numismatic Association Certification Service)
Grading services verify the coin’s authenticity and assign a grade based on its condition, which can significantly increase its resale value.
Research Market Prices
To estimate your coin’s value, check auction results on platforms like eBay or Heritage Auctions. Look for similar coins in the same condition to see what collectors are currently paying.
Estimated Values
Here’s a general breakdown of how much a 2005 American Bison Nickel could be worth:
| Condition | Estimated Value |
|---|---|
| Circulated (Worn) | $20 – $100 |
| Uncirculated (Mint) | $500 – $1,000+ |
| Graded MS-65 or Higher | $1,000+ |
Selling Your Coin
If you own a valuable American Bison Nickel, here are some places where you can sell it:
Auction Sites
Online auction sites like eBay and Heritage Auctions attract collectors looking for rare coins.
Coin Dealers
Local numismatic shops and professional coin dealers can provide appraisals and purchase your coin directly.
Coin Shows
Attending a numismatic event allows you to meet collectors and potential buyers in person.
Online Marketplaces
Collector forums, Facebook groups, and specialized numismatic websites can help you find interested buyers.
Numismatic Magazines
Advertising in coin-collecting publications can attract serious buyers willing to pay top dollar.
The 2005 American Bison Nickel is a fascinating coin, and if you’re lucky enough to own one with the “Speared Bison” error, you could be holding a piece worth over $1,000. By carefully inspecting your coins and getting them professionally graded, you can maximize their value and find the right buyer. Keep an eye on your spare change—you never know when you might find a hidden treasure!
FAQs
What is the ‘Speared Bison’ error?
It’s a die gouge that appears as a raised line across the bison’s back.
How much is a 2005 Speared Bison Nickel worth?
Depending on condition, it can be worth $20 to over $1,000.
Where can I sell my rare Bison Nickel?
You can sell it through auctions, coin dealers, or online marketplaces.
How can I tell if my nickel is rare?
Look for the ‘Speared Bison’ error and check its condition.
Should I get my coin graded?
Yes, professional grading can verify authenticity and increase value.
