The 1913 5C Liberty Nickel is one of the most sought-after and valuable coins in the world. This coin, part of the Liberty Head Five Cents series (1883-1913), holds a fascinating history due to its rarity, design, and the journey it took before becoming a prized item among collectors. Let’s delve into the unique aspects that make this coin such a gem in the world of numismatics.
The Origins and Design of the 1913 Liberty Nickel
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The 1913 Liberty Nickel was minted in Philadelphia, and its design was crafted by Charles E. Barber, one of the most prominent coin designers of the era. Made from a blend of 75% copper and 25% nickel, this coin carries the iconic Liberty Head design that graced the five-cent coins during its time.
What truly sets this coin apart is its extremely limited production. Only five proof specimens were ever minted, which has driven its desirability and value through the roof. This minuscule mintage number makes the 1913 Liberty Nickel not only an elusive item but also a centerpiece in the world of rare coins.
The Rediscovery and Rise in Value
The rarity of this coin isn’t the only factor contributing to its skyrocketing value. For a long time, the 1913 Liberty Nickel was considered lost, which only added to its allure. One of these coins was once owned by collector George Walton, but for many years, it was thought to have been a counterfeit.
That changed when a reward of $10,000 was offered in 2003 for viewing the 1913 Liberty Nickel, and the coin was authenticated as genuine. Its rediscovery ignited new interest and drove its price to astonishing heights. After its authentication, the coin was loaned to the American Numismatic Association, where it was publicly displayed for years, further solidifying its legendary status in coin collecting circles.
Record-Breaking Auctions and Ownership Changes
The 1913 Liberty Nickel has passed through some significant hands over the years. After George Walton, the coin was purchased at an auction for a stunning $3,172,500, making headlines in the numismatic community. The buyer, Jeff Garret of Lexington, became its new owner, further highlighting the importance of this coin.
In 2018, the coin returned to the auction block, this time under the stewardship of Stack’s Bowers, a premier auction house known for handling rare coins. The auction didn’t disappoint, with the 1913 Liberty Nickel selling for an impressive $4,560,000. The coin was graded PR66, meaning it was in near-perfect condition, making it the third finest specimen of the five known examples.
Future Potential: A Continuing Rise in Value
Given the increase in the cost of living and inflation since 2018, the value of the 1913 Liberty Nickel could be even higher if it were to come up for auction again in the near future. Collectors and investors alike would be eager to get their hands on such a rare and historically significant piece, making the price potentially climb even further.
In conclusion, the 1913 5C Liberty Nickel is not just a coin; it’s a piece of history, embodying the rarity, intrigue, and excitement that drive the world of numismatics. Its low mintage, storied past, and skyrocketing auction prices make it a true treasure, one that collectors dream of owning.