The 1923 Philadelphia issue is has a mintage of 35, 715,000 pieces, and this would seem to suggest this is a relatively common coin. In the general sense it is fairly common in circulated grades, but in uncirculated grades and particularly Gem grades it is quite scarce. Fewer than 50 have been graded by either PCGS or NGC in MS67 or higher. Most examples show sharp strike and good color, which is typical for Philadelphia-minted specimens from this period.
| coinage-type | Buffalo nickel |
| desg | MS |
| designer | James Earle Fraser |
| diameter | 21.2 |
| edge | Plain |
| material | 75% copper; 25% nickel |
| mintage | 35,715,000 |
| ngc-id | 22RV |
| obverse-description | James Earle Fraser's famous and simple design depicts a Native American chief with the word LIBERTY from 1-2 o'clock. The date is placed on the lower left of the chieftain's bust. |
| pcgs-link | 3949 |
| pcgs-number | 3949 |
| reverse-description | A full portrait of the bison, Black Diamond, with the words UNITED STATES oF AMERICA at the top periphery with the motto E PLURIBUS UNUM just underneath. The denomination FIVE CENTS is spelled out at the bottom. For the Type 1, the denomination is embossed on a flat surface. |
| weight-grams | 5 |
| year-display | 1913-1938 |