This 1913 Liberty Head Nickel Sold for $3.7 Million – In the world of rare coins, few names generate as much excitement as the 1913 Liberty Head Nickel. In a record-breaking sale, one of these legendary coins fetched an astonishing $3.7 million, making it one of the most valuable U.S. coins ever sold.
But what makes this particular nickel — worth just five cents in face value — so incredibly valuable? The answer lies in its rarity, mystery, and historical significance.
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A Coin That Shouldn’t Exist
The Liberty Head Nickel was minted by the United States Mint from 1883 to 1912. Production officially ended in 1912 when it was replaced by the Buffalo Nickel. However, in early 1913, collectors were stunned to discover that five examples of the Liberty Head Nickel had surfaced — dated 1913, a year when the design should no longer have been in production.
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These five coins are widely believed to have been struck secretly, likely under mysterious or illicit circumstances. Some theories suggest that a Mint employee produced them without authorization, possibly hoping to sell them later to collectors. Regardless of how they came into existence, their very presence defied official records and became part of numismatic lore.
The Rarity Factor
With only five known specimens in existence, the 1913 Liberty Head Nickel is among the rarest U.S. coins. Each of the five coins has its own story:
- Two were owned by prominent coin dealer Samuel W. Brown, who displayed them at the 1919 ANA Convention.
- Over time, the coins passed through the hands of famous collectors like King Farouk of Egypt and Louis Eliasberg, the only person to ever own a complete set of U.S. coins.
- Today, all five are accounted for and considered national treasures, each housed in private collections or institutions.
Because of their extreme scarcity, even a single appearance of one of these coins at auction generates major attention in the numismatic community.
Historical Significance and Design Appeal
The Liberty Head Nickel features a classic design by Charles E. Barber, then Chief Engraver of the U.S. Mint. The obverse displays a left-facing portrait of Lady Liberty, while the reverse showcases a large numeral “V” (representing the coin’s five-cent denomination) surrounded by a wreath.
Though simple in design compared to some other classic coins, the Liberty Head Nickel has long been admired for its clean, elegant look. Combined with the intrigue surrounding its unauthorized mintage in 1913, the coin represents a fascinating chapter in American numismatic history.
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Why This One Sold for $3.7 Million
The specific 1913 Liberty Head Nickel that sold for $3.7 million was graded Proof-66 Cameo by the Professional Coin Grading Service (PCGS), indicating exceptional quality and sharp contrast between the mirrored fields and frosted devices — a hallmark of cameo coins.
Collectors place a premium on coins with superior grades and visual appeal, especially when they come with impeccable provenance. This particular example had previously belonged to renowned collector Louis Eliasberg, adding to its desirability and historical weight.
Final Thoughts
The sale of the 1913 Liberty Head Nickel for $3.7 million is more than just a headline-grabbing event — it’s a testament to the enduring allure of rare coins and the stories they carry. From its mysterious origins to its status as one of the crown jewels of American numismatics, this nickel is far more than pocket change. It’s a piece of history, a symbol of rebellion against protocol, and a reminder that sometimes, the smallest objects can carry the greatest value.
Whether you’re a seasoned collector or simply fascinated by tales of hidden treasure, the 1913 Liberty Head Nickel continues to captivate — proving that in the world of rare coins, legends really do come true.
FAQs
Why is the 1913 Liberty Head Nickel so valuable?
It’s extremely rare—only five were ever made, and they were produced illegally after the design was discontinued.
How much did the 1913 Liberty Head Nickel sell for?
One of the five coins sold at auction for $3.7 million.
Who designed the Liberty Head Nickel?
It was designed by Charles E. Barber, Chief Engraver at the U.S. Mint.
Are all five 1913 Liberty Head Nickels accounted for?
Yes, all five known specimens have been traced and are in private collections or institutions.
What makes this coin historically significant?
Its mysterious origin, rarity, and connection to early 20th-century U.S. coinage history make it iconic.
