The 1913 Liberty Head V Nickel is one of the rarest and most famous coins in American numismatic history. With only five known examples, this coin has captured the attention of collectors and historians alike. Its mysterious origins, unparalleled rarity, and record-breaking auction prices have solidified its place as a true legend in the world of rare coins.
What is the 1913 Liberty Head V Nickel?
The Liberty Head V Nickel was minted from 1883 to 1912. However, no nickels were officially authorized with the Liberty Head design in 1913. Despite this, five coins bearing the 1913 date were produced, likely under clandestine circumstances at the U.S. Mint.
Key Features of the 1913 Liberty Head V Nickel
| Feature | Details |
|---|---|
| Year Minted | 1913 |
| Material | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.2 mm |
| Design | Liberty Head on obverse; Roman numeral “V” on reverse |
| Known Examples | 5 |
Why Was the 1913 Liberty Head V Nickel Created?
The Mystery of Its Creation
No official records exist authorizing the production of Liberty Head nickels in 1913. It is widely believed that an employee at the U.S. Mint in Philadelphia struck these coins unofficially. These coins surfaced in 1920 when they were exhibited by a numismatist named Samuel Brown.
Limited Production
Only five coins were made, likely as part of a private endeavor. This extreme rarity has made the 1913 Liberty Head V Nickel one of the most coveted coins among collectors.
Why is the 1913 Liberty Head V Nickel So Valuable?
The 1913 Liberty Head V Nickel’s value stems from several factors:
- Rarity: With only five known examples, it is one of the scarcest U.S. coins.
- Historical Significance: Its mysterious origins add intrigue and allure.
- Condition: Some examples are exceptionally well-preserved.
- Popularity: Its status as a numismatic legend drives demand.
Famous 1913 Liberty Head V Nickels
The five known coins are often referred to by their owners or unique characteristics:
| Nickname | Current Location |
|---|---|
| The Eliasberg Specimen | Private collection |
| The Norweb Specimen | Smithsonian Institution |
| The Olsen Specimen | Private collection |
| The McDermott Specimen | American Numismatic Association |
| The Walton Specimen | Private collection |
Record-Breaking Sales
The 1913 Liberty Head V Nickel has fetched extraordinary prices at auctions:
- The Olsen Specimen was featured on television and sold for $3.1 million in 2014.
- The Eliasberg Specimen, known for its pristine condition, sold for $5 million in 2007.
How to Authenticate the 1913 Liberty Head V Nickel
Because of its fame and value, counterfeit versions abound. Authenticating a 1913 Liberty Head V Nickel requires expert analysis.
- Professional Grading: Organizations like PCGS or NGC verify authenticity.
- Historical Provenance: Genuine coins have well-documented ownership histories.
- Minting Details: The design and metal composition match U.S. Mint standards for 1913.
Conclusion
The 1913 Liberty Head V Nickel is more than just a coin; it is a piece of American history steeped in mystery and intrigue. Its unmatched rarity and fascinating backstory have made it a centerpiece of the numismatic world. For collectors and historians alike, the 1913 Liberty Head V Nickel represents the pinnacle of rarity and value.
FAQs
1. How many 1913 Liberty Head V Nickels exist?
Only five examples are known, each with a well-documented history.
2. Why is this coin so rare?
It was never officially authorized, and only five were secretly produced.
3. What is the most a 1913 Liberty Head V Nickel has sold for?
The Eliasberg Specimen holds the record, selling for $5 million in 2007.
4. Are there counterfeits of the 1913 Liberty Head V Nickel?
Yes, many replicas exist. Professional grading is essential to verify authenticity.
5. Where can I see a 1913 Liberty Head V Nickel?
The Norweb Specimen is on display at the Smithsonian Institution, and the McDermott Specimen is at the American Numismatic Association.