Buffalo Nickel

Buffalo nickel

United States
Value	0.05 U.S. dollar
Mass	5.000 g  (0.1615 troy oz)
Diameter	21.21 mm  (0.8350 in)
Edge	Plain
Composition	75% copper 25% nickel
Years of minting	1913–1938
Obverse
Design	Right profile of an American Indian
Designer	James Earle Fraser
Design date	1913
Reverse
Design	An American bison
Designer	James Earle Fraser
Design date	1913

The Buffalo nickel or Indian Head nickel, was a copper-nickel five-cent piece struck by the United States Mint from 1913 to 1938. It was designed by sculptor James Earle Fraser.
As part of a drive to beautify the coinage, five denominations of US coins had received new designs between 1907 and 1909. In 1911, Taft administration officials decided to replace Charles E. Barber's Liberty Head design for the nickel, and commissioned Fraser to do the work. They were impressed by Fraser's designs showing a Native American and an American bison. The designs were approved in 1912, but were delayed several months because of objections from the Hobbs Manufacturing Company, which made mechanisms to detect slugs in nickel-operated machines. The company was not satisfied by changes made in the coin by Fraser, and in February 1913, Treasury Secretary Franklin MacVeagh decided to issue the coins despite the objections.
Despite repeated attempts by the Mint to adjust the design, the coins proved to strike indistinctly, and to be subject to wear—the dates were easily worn away in circulation. In 1938, after the minimum 25–year period during which the design could not be replaced without congressional authorization had expired, it was replaced by the Jefferson nickel designed by Felix Schlag.
In 1883, the Liberty head nickel was issued, featuring designs by Mint Engraver Charles E. Barber. After the coin was released, it was modified to add the word "CENTS" to the reverse because the similarity in size with the half eagle allowed criminals to gild the new nickels and pass them as five dollar coins.^[1] An Act of Congress, passed into law on September 26, 1890 required that coinage designs not be changed until they had been in use 25 years, unless Congress authorized the change.^[2] The act made the current five-cent piece and silver dollar exceptions to the twenty-five year rule; they were made eligible for immediate redesign.^[3] However, the Mint continued to strike the Liberty Head nickel in large numbers through the first decade of the 20th century.^[4]
President Theodore Roosevelt in 1904 expressed his dissatisfaction with the artistic state of the American coinage,^[5] and hoped to hire sculptor Augustus Saint-Gaudens to redesign all the coins. Constrained by the 1890 act, the Mint only hired Saint-Gaudens to redesign the cent and the four gold pieces. Saint-Gaudens, before his 1907 death, designed the eagle and double eagle, which entered circulation that year; the cent, quarter eagle, and half eagle were designed by other artists and released into circulation by 1909. By that time, the Liberty Head nickel had been in circulation for more than 25 years, and was eligible for redesign regardless of the special provision. In 1909, Mint Director Frank Leach instructed Barber to make pattern coins for new nickels. Most of these coins featured the first president, George Washington. The press found out about the pieces, and speculated they would be released into circulation by the end of the year. The Mint received orders from banks in anticipation of the "Washington nickel".^[6] However, the project was discontinued when Leach left office on November 1, 1909, to be replaced by Abram Andrew.^[6]
Andrew was dissatisfied with the just-issued Lincoln cent, and considered seeking congressional authorization to replace the cent with a design by sculptor James Earle Fraser. While the change in the cent did not occur, according to numismatic historian Roger Burdette, "Fraser's enthusiasm eventually led to adoption of the Buffalo nickel in December 1912