The 1937 nickel features a buffalo with three legs on one side, with an Indian head on the other.
Although the listing does not provide concrete details about the coin itself, the metal is said to contain 75% copper and 25% nickel, according to USA Coin Book.
Moreover, the circulated coin features a diameter of 21.2 mm, with a mass of 5 grams.
The coin was minted in Denver.
In total, the coin racked up 29 bids. The final price amounted to $1,400 – which represents a whopping 28,000 times the original value of the nickel.
The coin was sold by Nevada Coin & Jewelry, which claims it is a Las Vegas-based jewelry dealer with three locations in the valley.
The seller maintains 100% positive feedback, with only five neutral reviews.
Currently, there are a few 1937 three-legged Buffalo Indian nickels listed on eBay. One is listed for the price tag of $595.
Is your small change worth a fortune?
If you believe that you have a rare coin then you might hold some serious mint.
The most valuable coins are usually those with a low mintage or an error, as they’re deemed the most valuable by collectors.
To check out if your coins are worth anything on eBay, search the full name, select the “sold” listing and then toggle the search to “highest value.”
It will give you an idea of the amount of money that the coin is going for.
You can either choose to sell the coin on eBay or through a specialist site such as Coinappraiser or USA Coin Book.
Also keep in mind, that the value of the coin could depend on the condition.
For instance, the 1937 Buffalo Indian coin could be worth as much as $5,700 if the condition is “Uncirculated (MS-63),” according to USA Coin Book.
If you choose eBay, remember to set a minimum price that is higher or at the very least equal to the face value of the coin – or you could lose money.
You also need to be aware that even if your coin “sells” on eBay for a high price there’s no guarantee that the buyer will pay up.
According to eBay’s terms and conditions, bidders enter a “legally binding contract to purchase an item.”
However, there’s no way of enforcing this rule.
The most eBay can do is add a note to their account for the unpaid item or remove their ability to bid and buy.
