1913 Liberty Head Nickel: The $5 Million Coin That Captivates Collectors

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The 1913 Liberty Head Nickel stands as one of the most iconic and enigmatic coins in American numismatics. With only five known examples, its rarity has propelled it to legendary status, making it a highly sought-after treasure for collectors. This coin’s allure reached new heights in 2007 when one specimen sold for an astonishing $5 million, securing its place as one of the most valuable nickels ever minted.

This article delves into the fascinating history, notable sales, and enduring appeal of the 1913 Liberty Head Nickel.

Key Details: The Five 1913 Liberty Head Nickels

  • Eliasberg Specimen: Privately owned, graded Proof-66, and sold for $5 million in 2007.
  • Olsen Specimen: Featured in the TV series Hawaii Five-O and sold for $3.7 million in 2010.
  • Walton Specimen: Lost for decades before its authentication in 2003.
  • Norweb Specimen: Preserved in the Smithsonian Institution’s National Numismatic Collection.
  • McDermott Specimen: Worn from circulation and displayed at the American Numismatic Association Museum.

The Mysterious Origins of the 1913 Liberty Head Nickel

Designed by Charles E. Barber, the Liberty Head Nickel was minted from 1883 to 1912. However, in 1913, the U.S. Mint shifted to the Buffalo Nickel design, making the existence of five 1913 Liberty Head Nickels a puzzling anomaly. Their sudden appearance in 1920, unveiled by former Mint employee Samuel W. Brown, sparked debates about their origin. Were they unofficially struck for personal gain or experimental use? The mystery surrounding their creation adds to their unparalleled allure.

Detailed Histories of Each Specimen

  1. Eliasberg Specimen: The finest known, with near-perfect condition, once part of Louis E. Eliasberg’s collection. Sold for $5 million in 2007, setting a record.
  2. Olsen Specimen: Gained fame through Hawaii Five-O and notable sales, including $3.7 million in 2010.
  3. Walton Specimen: Misidentified and lost for years, authenticated in 2003, reigniting interest in the coin.
  4. Norweb Specimen: Housed in the Smithsonian, valued for its historical significance.
  5. McDermott Specimen: Unique due to circulation wear, displayed at the American Numismatic Association Museum.

What Makes the 1913 Liberty Head Nickel So Valuable?

The coin’s extraordinary value stems from its extreme rarity, mysterious origins, prestigious ownership, impeccable preservation, and record-breaking sales.

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