The 1913 Liberty Nickel is a legendary coin in American numismatics. Known for its rarity and mysterious backstory, only five examples exist, making it one of the most coveted coins among collectors. Its unauthorized production and record-breaking auction prices have cemented its status as a “holy grail” of coin collecting.
The Story Behind the 1913 Liberty Nickel
History of the Liberty Nickel
The Liberty Head Nickel was produced from 1883 to 1912. When the U.S. Mint transitioned to the Buffalo Nickel in 1913, an unknown employee reportedly struck five unauthorized Liberty Nickels. These coins went unnoticed for years, later surfacing as rare and valuable treasures.
Why Is the 1913 Liberty Nickel So Valuable?
Factors Driving Its Value
- Extreme Rarity: Only five coins exist.
- Unique History: Their unauthorized minting makes them historically significant.
- Auction Prices: Some have sold for over $5 million.
- Condition: The coin’s grade impacts its overall value.
The combination of rarity, history, and high prices makes the 1913 Liberty Nickel a unique collector’s item.
The Five Known Specimens
Each 1913 Liberty Nickel has a story, often tied to its owners or appearances in media:
1. Eliasberg Specimen
- Grade: Proof 66
- Sale Price: $5 million (2007)
- Details: Considered the finest of the five coins.
2. Olsen Specimen
- Grade: Proof 64
- Sale Price: $3.7 million (2010)
- Details: Featured in Hawaii Five-O.
3. Walton Specimen
- Grade: Proof 63
- Sale Price: Not recently sold
- Details: Lost for decades and rediscovered in 2003.
4. Norweb Specimen
- Grade: Proof 63
- Sale Price: Not recently sold
- Estimated Value: $3 million to $4 million.
5. McDermott Specimen
- Grade: Proof 55
- Sale Price: $1.35 million (2003)
- Details: The lowest-graded of the five coins.
Why Collectors Prize the 1913 Liberty Nickel
The allure of the 1913 Liberty Nickel lies in its mystery, limited quantity, and record-breaking sales. These coins are more than historical artifacts—they are symbols of intrigue and exclusivity in the coin-collecting world.
The 1913 Liberty Nickel is a testament to the allure of rarity and history in numismatics. With only five coins, each holding its own story, this nickel remains an iconic treasure. Whether valued for its mystery, significance, or price, it is a dream coin for collectors worldwide.
Why is the 1913 Liberty Nickel so rare?
Only five coins were minted without official approval during a transition period, making them extremely rare.
How much is the most expensive 1913 Liberty Nickel?
The Eliasberg Specimen holds the record, selling for $5 million in 2007.
Where were these coins discovered?
The coins surfaced through private collections, with some lost or hidden for decades before being rediscovered.
What is the lowest price paid for one?
The McDermott Specimen sold for $1.35 million in 2003, the lowest-known price among the five coins.
Can I see these coins in person?
Some specimens are displayed in museums or showcased at prestigious coin auctions and exhibitions.
