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1921-S

Nickels · Buffalo Nickels · 1913–1938
Semi-key
Weight5 g
Diameter21.2 mm
MintSan Francisco
StrikeCirculation strike
Mintage 1,557,000
EdgePlain
Alignment↑↓ Coin
Composition75% Copper, 25% Nickel
DesignerJames Earle Fraser
Collector's Key IDCK-1291

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About this coinHistory

San Francisco's 1921 Buffalo nickel mintage was 1,557,000 coins, one of the lowest in the entire Buffalo series and establishing the 1921-S as a genuine semi-key. The combination of low mintage, economic recession, and heavy circulation through the decade that followed makes the 1921-S scarce in all grades and rare in high condition.

Survival patterns reflect the difficult circumstances of the coin's production and use. Most 1921-S nickels circulated heavily and show significant wear. Very Fine and Extremely Fine examples are scarce. About Uncirculated coins require active searching, and Mint State pieces are genuinely rare. Gem-quality examples (MS65 and above) command four- to five-figure prices at auction.

Strike characteristics for 1921-S nickels are often poor, with soft obverse detail and weak reverse bison hair. Well-struck examples are rare and command premiums over typical strikes at the same technical grade. Specialists building high-grade Buffalo sets treat the 1921-S as one of several core semi-keys that require dedicated pursuit and premium pricing. The coin is often paired with the 1919-S and 1923-S in collector discussions of scarce San Francisco Buffalo nickels.

Price guideReference

Reference data only — not an appraisal.

GradeDescriptionLowHigh
G-4 Good (G) $60 $69
VG-8 Very Good (VG) $94 $108
F-12 Fine (F) $126 $145
VF-20 Very Fine (VF) $305 $350
EF-40 Extremely Fine (EF) $770 $890
AU-50 About Uncirculated (AU) $990 $1,140
MS-60 Uncirculated (MS) $1,410 $1,630
MS-63 Choice Uncirculated (MS) $2,620 $2,775
Frequently Asked QuestionsFAQ
How much is a 1921-S Buffalo Nickel worth?
In Good condition it runs about $60–$69, rising to roughly $1,410–$1,630 in Uncirculated. These are reference values, not an appraisal.
How many 1921-S Buffalo Nickels were minted?
1,557,000 were struck.
What is a 1921-S Buffalo Nickel made of?
75% Copper, 25% Nickel, weighing 5 g.
What is the melt value of a 1921-S Buffalo Nickel?
Its melt value is its metal content multiplied by the current spot price. See our melt calculator on the metals pages for a live figure.
Is the 1921-S Buffalo Nickel a key date?
It's a semi-key date — scarcer than common issues but more available than the series' key dates.