According to Daniel Harris at CoinStudy.com, the value of a 1935 Buffalo nickel ranges from as low as $0.43 to as high as $42. The exact value of a specific coin depends on several factors, including condition and mintmark.
The most valuable 1935 Buffalo Nickel is an uncirculated coin from the Denver mint. Coins that have been circulated are worth as much as $15 if they are in excellent condition and come from the Denver mint. According to Coinflation.com, no matter what condition the coin is in, if melted down, its value is around 4.7 cents based on metal composition, which is 75 percent copper and 25 percent nickel.