The is an enigmatic, unmatched rarity coin with staggering value. This unique nickel is often considered one of the most treasured coins for collectors. In fact, the price realized for this nickel has reached as high as $5 million at an auction, and thus it stands out as a masterpiece in numismatics.
Let’s cut into the fascinating history, uniqueness, and unparalleled value of this legendary coin.
Story Behind
The 1913 Liberty Head Nickel is unique in all of U.S. coinage. It was never issued for general circulation.
How Was It Made?
- Design Change: In 1913, the U.S. Mint ended its use of the Liberty Head design when it introduced the Buffalo Nickel.
- Unauthorized Striking: Apparently, five Liberty Head Nickels were secretly minted at Philadelphia during this time, probably without permission.
- Mysterious Origins: The origins of their striking will never be known for sure, and it has only added fuel to speculation.
- Some theorize a disgruntled mint employee produced the coins as collectibles.
What Makes it So Valuable?
This mystique only enhanced the coin’s popularity and legend.
| Factor | Details |
|---|---|
| Extremely Limited Quantity | Only five specimens exist, making it one of the rarest coins in U.S. history. |
| Mysterious Origin | The uncertainty surrounding its production enhances its intrigue and desirability. |
| Immaculate Condition | Some of the coins have been preserved in near-perfect condition, further increasing their worth. |
| Historical Significance | The coin bridges two major design changes in U.S. coinage. |
Five Liberty Head Nickels
The five known specimens are housed in private collections and museums:
| Coin Name | Condition | Current Location |
|---|---|---|
| Olsen Specimen | PR-64 (Proof) | Private Collection |
| Walton Specimen | PR-63 (Proof) | ANA Money Museum, Colorado |
| Eliasberg Specimen | PR-66 (Proof) | Private Collection |
| Norweb Specimen | PR-63 (Proof) | Smithsonian Institution |
| McDermott Specimen | PR-55 (Proof) | ANA Money Museum, Colorado |
Olsen Specimen
This coin achieved celebrity status when it was featured on a 1970s episode of Hawaii Five-O, making its story all the more believable.
Record-Breaking Sales
The 1913 Liberty Head Nickel has been the first coin to break every auction record for itself:
- 2010: The Olsen Specimen sold for $3.7 million.
- 2018: Another specimen sold for more than $4.5 million.
- 2023: The coin’s value reached an astonishing $5 million, leaving the numismatic world in shock.
These rising prices attest to its significance and desirability among collectors.
The attraction of this coin transcends its monetary value:
- Rarity: Only five specimens are known to exist, making it almost impossible for most collectors to acquire.
- Prestige: Possessing one of these nickels is a badge of honor in the numismatic world.
- Investment Potential: Its value has consistently risen, making it a solid long-term asset.
How to Identify
If you’re looking to discover rare coins, follow these tips:
1. Examine Mint Marks
Check for unique or unusual mint marks.
2. Research Historical Coins
Learn about coins minted in limited numbers or under special circumstances.
3. Seek Professional Grading
Have coins authenticated and graded by services like PCGS or NGC to verify their value and authenticity.
It is more than just a coin but a symbol for mystery, exclusive value, and high worth. Only five have been documented. Its highest amount at an auction was $5 million, breaking the record as the most expensive rare coins ever.
This is a nickel from the collection that reminds us all of the treasure that can sometimes come from such unexpected circumstances. Who knows? The next legend coin could be hiding in plain sight.
FAQs:
What makes the 1913 Liberty Head Nickel unique?
It was never officially released, with only five specimens created under mysterious circumstances.
How much is the 1913 Liberty Head Nickel worth?
The coin has sold for up to $5 million at auction.