1936-D 5C 3-1/2 Legs F12 PCGS号93978

Ron Guth

The 1936-D 3-1/2 Legs variety was created by overpolishing of the reverse die, resulting in loss of detail on the front foreleg (see image comparisons). The 1937-D 3-Legged Buffalo was created in the same manner, but on a different die where the polishing was more severe. According to the Cherrypickers' Guide, fewer than 40 examples of the 1936-D 3-1/2 Legs are known.  However, as of April 2011, PCGS had already certified 134 examples!

Sources and/or recommended reading:
Cherrypickers' Guide by Bill Fivaz and J.T. Stanton, Fifth Edition, Volume 1