The 1913 Liberty Head Nickel is one of the rarest coins in American history. This elusive coin has fascinated collectors for decades, fetching millions at auctions. With only five known specimens, its mystery and high value make it a collector’s dream. Understanding its history and what makes it valuable is crucial for coin enthusiasts.
Why the 1913 Liberty Head Nickel Is So Valuable
Several factors contribute to the staggering value of this rare coin:
- Extremely low mintage – Only five coins exist.
- Mysterious origins – Official records claim it was never authorized.
- High demand – Collectors are eager to own a piece of history.
- Auction success – Past sales have reached over $3 million per coin.
The History of the 1913 Liberty Head Nickel
Unauthorized Minting
- The U.S. Mint discontinued the Liberty Head Nickel in 1912.
- Five pieces were allegedly struck secretly at the Philadelphia Mint.
- The coins surfaced in 1920 when a former mint employee displayed them.
The Coin’s Rise to Fame
- Samuel Brown, a coin dealer, introduced the nickels to collectors.
- By the 1940s, all five were in private collections.
- Auctions in the 21st century cemented their multimillion-dollar status.
The Five Known 1913 Liberty Head Nickels
1. Eliasberg Specimen – $4.56 Million (2018)
- Considered the finest example.
- Once owned by Louis E. Eliasberg, a famous collector.
2. Olsen Specimen – $3.7 Million (2010)
- Featured on television’s “Hawaii Five-O.”
- Sold multiple times at record prices.
3. Walton Specimen – $3 Million (2013)
- Lost for decades before being rediscovered.
- Confirmed authentic after 40 years of doubt.
4. McDermott Specimen – $1.84 Million (2007)
- The only circulated example.
- Displays noticeable wear and tear.
5. Norweb Specimen – $3.73 Million (2010)
- Named after the Norweb family collection.
- Well-preserved and highly prized.
How to Identify a 1913 Liberty Head Nickel
Key Features
- Date: Clearly marked “1913” on the obverse.
- Liberty Head Design: Classic portrait facing left.
- No Mint Mark: Philadelphia struck these coins without a mint mark.
Authentication Process
- Certified by PCGS and NGC for legitimacy.
- Coins are thoroughly examined for fraud prevention.
- Provenance tracing confirms historical ownership.
Where to Find Rare Nickels
Coin Shows and Auctions
- Heritage Auctions and Stack’s Bowers often feature rare coins.
- Networking with collectors may lead to unexpected discoveries.
Online Marketplaces
- eBay and Great Collections sometimes list high-value coins.
- Always verify authenticity before purchasing.
Estate Sales and Private Collectors
- Some rare coins remain in family estates.
- Private sales require expert verification.
How to Sell a Rare Nickel
Professional Appraisal
- Certified grading boosts credibility and value.
- PCGS and NGC provide top-tier authentication.
Trusted Auction Houses
- Sell through Heritage Auctions or Stack’s Bowers for maximum profit.
- Live and online auctions attract serious bidders.
Private Sales
- High-end collectors often offer top dollar.
- Negotiation skills help secure the best price.
The 1913 Liberty Head Nickel remains one of the most valuable coins in U.S. history. With its mysterious past, extreme rarity, and record-breaking sales, it continues to captivate collectors worldwide. Owning such a piece is a dream for numismatists, proving that a nickel can be worth millions!
1. Why is the 1913 Liberty Head Nickel so rare?
The U.S. Mint never officially authorized it, and only five specimens exist.
2. How can I tell if I have a 1913 Liberty Head Nickel?
Check for the 1913 date, Liberty Head design, and ensure it’s authenticated by experts.
3. What is the most expensive 1913 Liberty Head Nickel?
The Eliasberg specimen sold for $4.56 million in 2018, making it the highest-priced example.
4. Can I find a 1913 Liberty Head Nickel in circulation?
No, all known examples are accounted for and in private collections or museums.
5. Where can I sell a rare nickel?
Trusted auction houses, online marketplaces, and private collectors are the best options.
