One of the Rarest U.S. Coins Worth Over $252,000 – A Collector’s Dream!
In the realm of coin collecting, certain pieces stand out not only for their rarity but also for the intriguing stories they carry.
The 1913 Liberty Head Nickel is one such coin, captivating collectors and historians alike with its unique origin and substantial value.
The Genesis of the 1913 Liberty Head Nickel
The Liberty Head Nickel series was minted from 1883 to 1912, featuring the iconic Lady Liberty on the obverse and a Roman numeral “V” on the reverse. However, in 1913, the design transitioned to the Buffalo Nickel.
Interestingly, despite no official records authorizing their production, five Liberty Head Nickels bearing the 1913 date emerged, leading to widespread fascination and speculation.
The Enigmatic Creation
The exact circumstances surrounding the minting of these 1913 nickels remain a mystery. It’s widely believed that Samuel W. Brown, a former employee of the Philadelphia Mint, played a pivotal role in their creation.
In 1919, Brown placed advertisements seeking 1913 Liberty Head Nickels, offering substantial sums, which led to the revelation that he possessed all five known specimens.
A Journey Through Prestigious Hands
Over the decades, these five coins have passed through the collections of some of the most renowned numismatists and collectors.
Notably, one specimen, known as the Olsen Specimen, boasts a provenance that includes King Farouk of Egypt and Los Angeles Lakers owner Jerry Buss. This particular coin fetched over $3.7 million at auction, underscoring its immense value and desirability.
Factors Contributing to Its Value
Several elements contribute to the staggering worth of the 1913 Liberty Head Nickel:
- Rarity: With only five known specimens, its scarcity is unparalleled.
- Historical Significance: The coin’s mysterious origins and unauthorized minting add to its allure.
- Condition: Coins in superior condition, especially those with high grades from professional services, command premium prices.
- Provenance: Ownership by notable figures enhances the coin’s prestige and value.
The Five Known Specimens
Each of the five known 1913 Liberty Head Nickels has a unique story:
| Specimen Name | Current Location | Notable Owners |
|---|---|---|
| Eliasberg Specimen | Private Collection | Louis Eliasberg, Reed Hawn |
| Olsen Specimen | Private Collection | King Farouk, Jerry Buss |
| Norweb Specimen | Smithsonian Institution | Norweb Family |
| Walton Specimen | Private Collection | George O. Walton, Ryan Givens |
| McDermott Specimen | American Numismatic Association Money Museum | J.V. McDermott |
The Olsen Specimen: A Closer Look
The Olsen Specimen is particularly distinguished by its Proof-64 grade, indicating its exceptional condition.
Its illustrious lineage includes ownership by King Farouk and Jerry Buss, adding layers of historical and cultural significance. Its sale for over $3.7 million highlights the coin’s extraordinary value in the collectors’ market.
The Legacy of the 1913 Liberty Head Nickel
The 1913 Liberty Head Nickel remains a symbol of intrigue and prestige in numismatics. Its combination of rarity, mysterious origins, and distinguished ownership continues to captivate collectors, making it a coveted centerpiece in any esteemed collection.
For coin enthusiasts and historians, the 1913 Liberty Head Nickel represents more than just currency; it embodies a rich tapestry of American history, mystery, and the timeless allure of rare collectibles.
FAQs
Why is the 1913 Liberty Head Nickel so valuable?
Its value stems from its extreme rarity, with only five known specimens, combined with its mysterious origins and notable provenance.
How many 1913 Liberty Head Nickels are in private collections?
Out of the five known specimens, three are held in private collections, while two are displayed in museums.
Who was Samuel W. Brown?
Samuel W. Brown was a former employee of the Philadelphia Mint, believed to be instrumental in the creation of the 1913 Liberty Head Nickels.
