Some coins hold more than just monetary value—they are priceless pieces of history. One such rare and fascinating coin is the 1913 Liberty Head Nickel, valued at an astonishing $4.56 million. In this article, we’ll explore the history, design, rarity, and value of this iconic coin.
What is the 1913 Liberty Head Nickel?
The 1913 Liberty Head Nickel is a five-cent coin with a unique backstory. It was never officially authorized by the U.S. Mint, yet five of these coins were secretly made, making them one of the most sought-after collectibles in numismatic history.
Design Features of the Coin
Obverse (Front)
- Lady Liberty: The coin features a profile of Lady Liberty, crowned with a tiara inscribed with the word “LIBERTY.”
- Thirteen Stars: Surrounding Liberty are 13 stars, symbolizing the original American colonies.
Reverse (Back)
- Roman Numeral “V”: The reverse shows the Roman numeral “V,” representing five cents.
- United States of America: Text encircles the design, with “E Pluribus Unum” inscribed below.
Why is the 1913 Liberty Head Nickel So Valuable?
1. Secret Minting
The 1913 Liberty Head Nickel was struck without approval. Only five coins were made, which adds to its mystery and allure.
2. Historical Significance
This coin marks a transition between the Liberty Head and Buffalo Nickel designs, making it a historic piece.
3. Extremely Rare
With just five coins in existence, its scarcity drives its value.
4. Celebrity Attention
Ownership by prominent collectors, like King Farouk of Egypt and numismatist Eric P. Newman, has added to its fame and value.
Notable Sales of the 1913 Liberty Head Nickel
| Year | Buyer | Sale Price | Condition |
|---|---|---|---|
| 1972 | B. G. Johnson | $100,000 | Very Fine (VF) |
| 1996 | Collectors Universe | $1,485,000 | Proof-64 |
| 2010 | Private Auction | $3,737,500 | Proof-66 |
| 2018 | Stack’s Bowers Auction | $4,560,000 | Proof-66 |
How to Identify the 1913 Liberty Head Nickel
1. Edge Design
Authentic coins have a plain edge, free from ridges or patterns.
2. Mint Year
Check the year “1913” on the obverse.
3. Professional Certification
Given the rarity, all genuine 1913 Liberty Head Nickels are certified by top-tier grading services like PCGS or NGC.
Fascinating Facts About the 1913 Liberty Head Nickel
- Only Five Known: These coins are named after their original owners, such as the Olsen and Walton specimens.
- A Part of Hollywood: One coin appeared in a 1970s episode of Hawaii Five-O.
- Value Increase Over Time: From $100,000 in the 1970s to over $4.56 million today, its value has skyrocketed.
Conclusion
The 1913 Liberty Head Nickel is more than just a coin; it’s a symbol of intrigue, rarity, and immense value. With only five known examples, owning this piece is like holding a small fortune and a slice of history. Whether you’re a seasoned collector or just fascinated by rare treasures, the story of this nickel never ceases to amaze.
FAQs
1. How many 1913 Liberty Head Nickels exist?
There are only five known examples, each with a unique story.
2. Why was this coin minted secretly?
The reasons remain unclear, but it is believed to be an unauthorized production by a U.S. Mint employee.
3. Can I buy a 1913 Liberty Head Nickel today?
These coins rarely come to market, but they occasionally appear in high-profile auctions.
4. How much is the coin worth today?
The value exceeds $4.56 million, with prices depending on condition and provenance.
5. What makes the coin so special?
Its unauthorized minting, rarity, and connection to notable collectors make it a prized artifact.