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Rare 1913 nickel fetches over $3.1M at auction
WFTV.com ^

Posted on 04/26/2013 5:49:12 PM PDT by Daffynition

SCHAUMBURG, Ill. —

A rare century-old U.S. nickel that was once mistakenly declared a fake and forgotten about for decades has sold at auction for more than $3.1 million.

The 1913 Liberty Head nickel is one of only five known to exist. But it's all the more prized because of its unusual back story: It was surreptitiously and illegally cast, discovered in a car wreck that killed its owner, declared a fake, forgotten in a closet for decades and then declared the real deal.

It was offered up for sale Thursday by four Virginia siblings at a rare coin and currency auction in the Chicago suburb of Schaumburg where it sold for well over the expected $2.5 million.

The winning bidders were two men from Lexington, Ky., and Panama City, Fla., who bought the coin in partnership, according to Heritage Auctions.

(Excerpt) Read more at wftv.com ...


TOPICS: Business/Economy; Hobbies
KEYWORDS: 1913libertyhead; coins; epigraphyandlanguage; numismatics

This Jan. 2, 2013 image provided by Heritage Auctions shows an authentic 1913 Liberty Head nickel that was hidden in a Virginia closet for 41 years after its owners were mistakenly told it was a fake.

1 posted on 04/26/2013 5:49:12 PM PDT by Daffynition
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To: Daffynition

I have an 1803 penny. It must be worth at least twice that, wouldn’t you say?


2 posted on 04/26/2013 5:50:26 PM PDT by Past Your Eyes (Never attribute to malice that which is adequately explained by stupidity.)
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To: Past Your Eyes

2 cents? Easily!


3 posted on 04/26/2013 5:52:18 PM PDT by AndrewB (FUBO)
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To: Daffynition

When I was a boy we would occasionally get these as change. If we would only have known-Sigh!


4 posted on 04/26/2013 5:52:35 PM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: Daffynition

I blame the Federal Reserve for all this inflation — a 1913 nickel now buys over $3M worth of stuff! That’s hyperinflation!!


5 posted on 04/26/2013 5:52:40 PM PDT by ClearCase_guy (The ballot box is a sham. Nothing will change until after the war.)
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To: Past Your Eyes

No. Not necessarily. I have forgotten many things I learned about coins but I remember the 1913 date for a nickel. The article helped me remember the rest.


6 posted on 04/26/2013 5:53:47 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: Daffynition

"6...I spent one this morning"

7 posted on 04/26/2013 5:54:27 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: AEMILIUS PAULUS

No, you didn’t get a 1913. There were only 5 made during what was supposed to be the start of the Indian/buffalo run. Big difference in rarity.


8 posted on 04/26/2013 5:55:49 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: Daffynition
It was surreptitiously and illegally cast...

CAST coins?? I don't think so.

9 posted on 04/26/2013 5:58:37 PM PDT by ProtectOurFreedom
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To: Doogle

Adorable!


10 posted on 04/26/2013 5:58:38 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: the OlLine Rebel
I've got an old silver dollar in excellent condition, given to me by my grandmother when I turned ten. It went into a safe and has stayed there all these years. I recalled it as being 1921, and was very excited to come across information stating that it could be worth over $8,000.00. So, I went and got it out, first time in many years. 1922. Dramatic difference, a little over a hundred dollars.
11 posted on 04/26/2013 6:01:53 PM PDT by RegulatorCountry
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To: Doogle

cute pic...:-)


12 posted on 04/26/2013 6:02:23 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: ProtectOurFreedom

struck or stamped - not cast.


13 posted on 04/26/2013 6:03:31 PM PDT by Secret Agent Man (I can neither confirm or deny that; even if I could, I couldn't - it's classified.)
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To: ProtectOurFreedom

Exactly. These writers show their ignorance.


14 posted on 04/26/2013 6:05:13 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: AEMILIUS PAULUS

I think you’re taking about buffalo head nickles.


15 posted on 04/26/2013 6:06:31 PM PDT by Catmom
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To: AEMILIUS PAULUS

I have some Liberty nickels. But a 1913? Sadly, no.


16 posted on 04/26/2013 6:08:45 PM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: RegulatorCountry

1921 was a Morgan dollar, the very last after a pause of many years. 1922 started the Peace dollar, and they ran about a decade or so. Ll very popular, but not as rare as anyone might suppose. High dollars are for excellent coins never circulated.

My mother has a famous story about Morgans. Her grandparents had loads of bank bags of Morgans in their house when they died and her parents got some. My mother spent those lovely dollars at her school and so on, where the nuns asked if she really wanted to use them. So, this coin collector has no nearly mint Morgans for free in her collection. Thanks, Mom.


17 posted on 04/26/2013 6:10:18 PM PDT by the OlLine Rebel (Common sense is an uncommon virtue./Technological progress cannot be legislated.)
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To: RegulatorCountry
I've got an old silver dollar in excellent condition, given to me by my grandmother when I turned ten. It went into a safe and has stayed there all these years. I recalled it as being 1921, and was very excited to come across information stating that it could be worth over $8,000.00. So, I went and got it out, first time in many years. 1922. Dramatic difference, a little over a hundred dollars.

Rick'll give you $30 for it!


18 posted on 04/26/2013 6:13:22 PM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: the OlLine Rebel
Exactly. These writers show their ignorance.

They'd probably look at you and say "Coins, guns, whatever..."

19 posted on 04/26/2013 6:15:55 PM PDT by COBOL2Java (Fighting Obama without Boehner & McConnell is like going deer hunting without your accordion)
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To: the OlLine Rebel

I’ve also encountered information stating that pre-1985 pennies are worth fifteen cents. If so I’ve got several drawers full that just accumulated out of pocket change over the years, probably a majority of them minted before that date.


20 posted on 04/26/2013 6:17:04 PM PDT by RegulatorCountry
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To: COBOL2Java

I bet he would, lol. Not looking to part with it anyway, was just excited to think it might’ve been worth that much.


21 posted on 04/26/2013 6:19:17 PM PDT by RegulatorCountry
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To: Daffynition
It was surreptitiously and illegally cast,

I wasn't aware that any US coins were ever cast.

Struck, certainly, cast, not so much.

22 posted on 04/26/2013 6:20:38 PM PDT by null and void (Republicans create the tools of oppression and Democrats use them. Gun confiscation enables tyranny.)
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To: Doogle

Actually, that was the fate of one of the 1894-S dimes, the “Ice Cream Dime”. 24 were minted, 9 are known, 1 last sold for 1.8 million I believe. That leaves 15 of them out there in someones closet or yard...


23 posted on 04/26/2013 6:24:07 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: the OlLine Rebel

I believe everyone of a certain age remembers relatives who had a stash of silver cartwheels when they were worth exactly one US dollar. Those were the days of silver certificate dollar bills “in silver payable to the bearer upon demand”. Grandchildren received silver dollars at Christmastime “Now you take this, and you put it in the bank”.


24 posted on 04/26/2013 6:26:52 PM PDT by elcid1970 ("The Second Amendment is more important than Islam.")
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To: RegulatorCountry

1921’s are the most common of the Morgan series still around (~200 million were melted during WWI). For either type dollar you’d have had to have had at least MS (Mint State) and/or DMPL (Deep Mirror Proof Like) 64+ grade specimens to go into the 8K territory.

I love the Morgans though :-) Real money for real Americans! Bring em back!


25 posted on 04/26/2013 6:29:58 PM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

My 1922 Liberty is circulated but apparently briefly, looks to have spent a lot if time out of circulation. No wear evident at all, very light surface abrasions. It’s about as perfect an old circulated coin of that vintage as you’ll likely see, imho.


26 posted on 04/26/2013 6:35:05 PM PDT by RegulatorCountry
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To: Daffynition

I look at the coin and I get the chills.

That coin actually was in circulation when there was a US of America with real people.


27 posted on 04/26/2013 6:39:50 PM PDT by 353FMG ( I do not indicate whether I am serious or sarcastic -- I respect FReepers too much.)
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To: Axenolith

I have a 3 Morgan. All 3 dated in the late 1890’s. They are good condition. I wonder how much they are worth?


28 posted on 04/26/2013 6:42:06 PM PDT by Patriot Babe
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To: Patriot Babe
I have a 3 Morgan. All 3 dated in the late 1890’s. They are good condition. I wonder how much they are worth?

I've got an 1898 Morgan silver dollar in good condition (minimal circulation). I looked up what it was worth some years back and was surprised that it wasn't worth all that much.

It's a keepsake, though. Doubt I'd ever sell it.

29 posted on 04/26/2013 7:24:34 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: 353FMG

And nickels were worth a nickel. :(


30 posted on 04/26/2013 7:27:16 PM PDT by Daffynition (Stand Your Ground)
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To: Daffynition

I remember, as a poor engineering student, I was able to get two (small) hamburgers for two bits ($0.25). A milk shake was an additional $0.20 and you had the choice of vanilla, strawberry or chocolate.

The little girl behind the cash register gave you correct change without the use of a calculator. Hell, a calculator was something you carried in your brain. Doing more complicated calculations were done with a bamboo slide rule.

Sheesh, we had a country of geniuses at one time and none of us were standing in a welfare line and most of us had responsible parents in a real home.


31 posted on 04/26/2013 7:57:15 PM PDT by 353FMG ( I do not indicate whether I am serious or sarcastic -- I respect FReepers too much.)
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To: AEMILIUS PAULUS

They switch to the Buffalo head nickel that year. Someone at the mint actually re-set the die with that year and bagged out five coins. Just for the helluva it. Some joke, huh?


32 posted on 04/26/2013 8:10:13 PM PDT by Vermont Lt (Does anybody really know what time it is? Does anybody really care?)
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To: Windflier

A normal, good condition, is worth about half again it’s amount of silver. I have a bag of them...a little bag...and they are each worth about forty bucks.


33 posted on 04/26/2013 8:13:17 PM PDT by Vermont Lt (Does anybody really know what time it is? Does anybody really care?)
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To: 353FMG

34 posted on 04/26/2013 8:21:03 PM PDT by Daffynition (Stand Your Ground)
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To: Vermont Lt
A normal, good condition, is worth about half again it’s amount of silver. I have a bag of them...a little bag...and they are each worth about forty bucks.

Thanks. I hadn't recalled how much they were worth the last time I checked.

35 posted on 04/26/2013 9:29:46 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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Comment #36 Removed by Moderator

To: Patriot Babe

Your late 1890’s may be worth a litte, or quite a bit, depending on the exact year, which mint made them, and condition. For example, an 1899 made in Philadelphia has no mint mark, but is worth good money even if in poor condition.

Just look at your coins and find the year. The mint mark (if any) will be just above the D & O in the word dollar on the back (it’s tiny). Then you can look up a value by typing in (for example) 1899S Morgan or 1899O Morgan. It won’t entirely help you value it, because condition really does matter quite a lot...but it will give you a starting point. Hope that helps...and hope you find a rare one!


37 posted on 04/26/2013 11:53:14 PM PDT by garandgal
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To: AndrewB

If I’m lucky. I may wait until I have a whole roll of them. The thing is hugh.


38 posted on 04/27/2013 3:52:34 AM PDT by Past Your Eyes (Never attribute to malice that which is adequately explained by stupidity.)
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To: Daffynition

Oh, great. Now we’ll get those gold-bug bloggers screaming at us “Rare 1913 nickels are a great buy! On track to hit $4 million! Buy buy buy!!!!! Ahhhhhhhhh!!!!!!”


39 posted on 04/27/2013 7:17:50 AM PDT by Larry Lucido
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To: the OlLine Rebel

Sorry I did not mean a 1913-I could not remember the year of my change anyway.. However, we did get the style with the V as change. Indian head pennies, Morgan dollars etc.


40 posted on 04/27/2013 7:26:51 AM PDT by AEMILIUS PAULUS (It is a shame that when these people give a riot)
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To: F15Eagle; Gamecock

"That's my nickle! Are you the boyfriend? I know she's got a boyfriend.vvAre you going to *kill* me? I'm an old man for crying out loud, you gonna kill an old man, you coward?!?"

41 posted on 04/27/2013 7:29:04 AM PDT by Larry Lucido
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To: Larry Lucido

42 posted on 04/28/2013 7:34:56 AM PDT by Daffynition (Stand Your Ground)
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