An ICG graded original hobo nickel is a Buffalo nickel altered by hand-carving, authenticated and graded by Independent Coin Grading (ICG). Original hobo nickels are highly collectible folk art pieces created primarily in the early twentieth century by itinerant workers, featuring unique and individualized engravings—often transforming the coin’s Native American portrait or buffalo into figures such as hobos, clowns, animals, or self-portraits.​

Collectors value ICG graded original hobo nickels for their authenticity, expert handling, and preservation. Early originals are distinguished by worn cut lines, aged patina, and artistic style, often showing historical wear and tool marks. Prices range widely, with ordinary examples starting under $100 and rare pieces by renowned carvers selling for hundreds or even thousands of dollars, depending on artistry and provenance.​

Although ICG, PCGS, and NGC grading services can provide confidence in a nickel’s authenticity and grade, the premier source for hobo nickel verification is the Original Hobo Nickel Society (OHNS), which uses a five-point scale and offers expert authentication. Provenance, knowledge of the artist, and consultation with experts further support authenticity.​

Collectors should be aware that modern carved hobo nickels also exist, often produced by contemporary artists with advanced techniques. These are valued for craftsmanship but do not carry the historical significance of original early twentieth-century pieces. When seeking an ‘original,’ look for evidence of age, period style, and supporting documentation.​

In summary, an ICG graded original hobo nickel is a blend of numismatic art and historical folk tradition, best authenticated through expert organizations and careful evaluation of carving style, wear, and provenance. For investment or high-end collecting, seek authenticated and graded pieces, consult reference guides, and consider OHNS certification for maximum confidence in origin and value.