Some coins are more than just currency—they are pieces of history worth millions of dollars. Among these treasures is the $5 million nickel, a rare and highly sought-after coin that has left collectors and numismatists in awe.
Known as the 1913 Liberty Head Nickel, this coin has achieved legendary status due to its rarity, history, and astonishing value.
Let’s explore the fascinating story behind this million-dollar nickel and uncover why it’s one of the most valuable coins ever minted.
The Story Behind the 1913 Liberty Head Nickel
The Liberty Head Nickel design was in circulation from 1883 to 1912. However, in 1913, the U.S. Mint transitioned to the Buffalo Nickel, officially ending production of Liberty Head Nickels.
Yet, five Liberty Head Nickels dated 1913 were struck—without official authorization.
Why Was It Minted?
- These nickels are believed to have been created by a Mint employee who used leftover dies to strike the coins.
- The coins never entered circulation and were likely kept as collectibles by the employee who minted them.
Discovery and Public Fame
The coins surfaced in the 1920s, gaining fame after being displayed at numismatic exhibitions. They are now among the most famous coins in U.S. history.
Why Is the 1913 Liberty Head Nickel Worth $5 Million?
Several factors contribute to the astronomical value of the 1913 Liberty Head Nickel:
- Rarity
- Only 5 coins were ever minted, making this nickel one of the rarest coins in the world.
- All five examples are accounted for, with most residing in private collections or museums.
- Condition
- One of the nickels, graded PR-66 (Proof 66), is in nearly perfect condition. This exceptional grade adds significant value.
- Historical Significance
- The story of its unauthorized minting and its role in numismatic lore enhances its desirability.
- Auction Record
- One of these nickels was sold in 2018 for $4.56 million, setting a record for this coin.
| Coin | Year Minted | Mintage | Estimated Value | Key Features |
|---|---|---|---|---|
| Liberty Head Nickel | 1913 | 5 | $5 million | Unauthorized minting, ultra-rare |
Where Are the 1913 Liberty Head Nickels Today?
The five known 1913 Liberty Head Nickels are as follows:
- Eliasberg Specimen: Graded PR-66, it sold for $5 million in a private sale.
- Walton Specimen: Found in a deceased collector’s estate, this nickel was authenticated and sold for $3.1 million.
- Smithsonian Specimen: On display at the Smithsonian Institution, it is considered a national treasure.
- Norweb Specimen: Part of a private collection.
- McDermott Specimen: Known for its worn condition, this coin resides in a museum.
Why This Coin Fascinates Collectors
The 1913 Liberty Head Nickel captivates collectors for several reasons:
- Its mysterious origins and unauthorized production create a story unlike any other in numismatics.
- The coin’s extreme rarity and provenance make it a must-have for elite collectors.
- Owning one is not just about the value—it’s about being part of a century-long legacy.
The $5 million nickel, or the 1913 Liberty Head Nickel, is a true masterpiece of American coinage. Its rarity, backstory, and historical significance make it one of the most desirable coins in the world.
While only five lucky collectors or institutions can own this legendary coin, its story continues to inspire treasure hunters and numismatists everywhere.
Who knows—perhaps your next coin find could be a hidden gem worth millions!
FAQs
Why is the 1913 Liberty Head Nickel so rare?
It was minted without authorization, and only five examples were produced.
Can I find a 1913 Liberty Head Nickel in circulation?
No, all known examples are accounted for and held in private collections or museums.
How can I verify the authenticity of a rare coin?
Consult professional grading services like PCGS or NGC, which can authenticate and grade the coin.
