Field wrote, “And first that ‘1913 nickel’…,” detailing that none of the Indian Head nickels “in ordinary conditions” commanded a premium. ), • Claiming there were six-known specimens of the 1913 Liberty Head nickel, coin dealer John F. LeBlanc was credited, in the Boston Globe, as the one who would likely put a stop to the “widespread ransacking of pocketbooks” looking for 1913 rarities. The Denver Mint dies were mailed a few days later, on Dec. 9, but did not of course include any dies for nickels. The second advertisement did raise, one supposes, a few eyebrows but again it was barely a ripple in the American numismatic river. Hawaii 5-O episode with Olsen Specimen the star of the show. We have a great online selection at the lowest prices with Fast & Free shipping on many items! “She refuses to play any slot machines or pin games which do not pay off in nickels.” When shopping, she would ask for nickels in change, and once “bribed a street car conductor to let her look through his day’s collection…” (Oct. 16, 1936, Times-Picayune, New Orleans, La. Jeff Garrett from Mid-American Rare Coin Galleries, Lexington, Ky., placed the winning floor bid during Heritage Auction’s Platinum Night session held in conjunction with the 74th anniversary convention of the Central States Numismatic Society. The impact was readily apparent in Chicago, where a flood of inquiries was already taxing newspaper columnists, such as Marion Holmes, less than four months after the ANA convention. BIBLIOGRAPHY: Bowers, Q. David, "Brown key figure in '13 nickel's lore", Coin World, January 19, 1977. Only six.” (Oct. 29, 1937, The Light, San Antonio, Texas. His collection was rightly deemed one of the finest. A rare nickel -- a 1913 Liberty Head -- has sold for $4.5 million at a Philadelphia auction. On April 25, 2013, the long-lost, then rediscovered, 1913 Liberty Nickel once owned by George Walton sold at auction for $3,172,500 to Jeff Garrett of Lexington, KY and Larry Lee of Panama City, FL. The April 15, 1923, Buffalo Courier, Buffalo, N.Y., for example, ran: “COINS – $50 paid for 1913 liberty nickels (not Buffalo); cash premiums paid for all rare coins; send 4c for circular; may mean your profit. If you think millions of dollars for a nickel sounds a bit steep, consider this: The coin is reportedly one of only five in existence in the entire world. He’ll send you a $200 check for this penny by return mail[.] The 1913 Liberty Head nickel is one of only five known to exist. He wasn’t at the CCC’s Dec. 3, 1919, meeting where he would have seen Brown’s coin. He was a member of the group that toured the Philadelphia Mint in October 1919, and he is in the banquet photograph on p. 431 of the November 1919 issue of The Numismatist. It wasn’t the first time Mehl had advertised he was paying $25, $50 or even $100 for a coin he knew couldn’t or likely couldn’t be found in circulation. Although Fraser worked on his models for the new nickel throughout 1912, for some unknown reason Philadelphia Mint officials were not kept informed of his progress. 1551, the 1913 Liberty Head nickel (for which Mehl claimed Olsen had paid at least $900) brought $3,750 – far above the $50 price tag Mehl used to promote his business, but well below the $3.29 million the same coin was auctioned off for in 2014. 22 bids. The 1913 Liberty Head nickel was reported in April to have sold in a private sale for $5 million. ... 1912 S Liberty V Nickel Rare Date 5 Cent. That is an interesting price for a coin that seems to defy the odds at every turn. C $516.72. In 1913, the U.S. abandoned the Liberty Head nickel design when it began rolling out the Buffalo Nickel. As of Dec. 23, therefore, there were at least 11 pairs of 1913 Liberty Head nickels dies on hand, the 10 from San Francisco and the single set of proof dies. He may have first learned of the rarity through Brown’s ads, in Philadelphia in 1919, or at the 1920 convention in Chicago. The 1913 nickel value ranges from $7 for a well circulated coin to over $460 for the rare 1913-S Type 2 Buffalo nickel in "Uncirculated" condition. That is an interesting price for a coin that seems to defy the odds at every turn. This was due, part, to a continuing dispute between the vending machine company and the artist over the design of the coin. $99.95. Some of these cash enticements-always refused by the owner-were mentioned in the Scrapbook. In 1941, B. Max Mehl sold Dunham’s collection. Despite her distress, “Just Me” found time to close her letter with a question as to the 1913 nickel’s worth. Mehl boasted, “I plead guilty to being responsible for making this coin so famous, having used it in all of my national advertising for a period of about a quarter of a century…” The cost of the promotions, according to Mehl, was in excess of $1 million. Though, how he got to “thousands in circulation” off of Brown’s ads, which made no mention of mintage, is hard to fathom. Though not the first to proclaim the 1913 Liberty Head nickel’s rarity, he was undoubtedly the one who spent the most advertising dollars in … There were a series of changes, as MacVeagh and others critiqued the artwork. By 1922, he was announcing, through small classified ads, that he was willing to pay $50 for this coin. Coinage gradually grew in quantity as the American economy became ever more robust after the severe Depression of the early 1890s. –“The first and only collection ever offered to contain ALL of these great rarities, and many, many more!” heralded Mehl’s ad in the February 1941 The Numismatist. On rare occasions, when a 1913 Liberty Nickel changes ownership, the coin commands millions of dollars. The Chicago street address given for Dunham, 724 Oakley Blvd., is correct. I doubt if any of these are still at large.” (June 21, 1929, Salt Lake Telegram, Salt Lake City, Utah. The one piece which caught the public fancy was, of course, the 1913 nickel, for which Mehl offered to pay $50. 1913 Liberty Nickel - Eliasberg 1913 Liberty Head Nickel Sold for Record $5 Million. Sign up for our free NewsLetter The complete provenance for this PCGS PR63 example is listed in the PCGS Condition Census. In 1912, proof coins were struck only on a special hydraulic press, which was also used for medals. On Nov. 25 the Philadelphia engraving department mailed 10 pairs of dies to San Francisco for the projected 1913 coinage of nickels; they arrived toward the end of that month. A rare century-old U.S. nickel that was once mistakenly declared a fake has sold at auction for more than $3.1 million. Liberty Head Five Cents (1883-1913) Introduced early in 1883, this type was a great improvement over its predecessor, both technically and aesthetically. Price guides were one of his mainstays. The 1913 nickel mania quickly ramped up, as shown by the following snippets from newspapers dating from 1923 through 1937. The U.S. officially stopped making Liberty Head nickels in 1912, but one rebellious worker at the U.S. Mint made five more in 1913 to create collectors’ items and sold them for $500 each. Soon, everyone was rooting through their change – most thinking they had discovered a rarity with each 1913 Indian Head nickel culled from pockets, purses or old-coin stashes. The appraisers at Heritage Auctions, where a 1913 Liberty Head nickel is set to be auctioned in April, certainly think so. In it, Bob is thinking of quitting college because he is broke, but Judy saves the day. A feature article about Mehl, “A Texas Master of Coins,” by Peter J. Molyneaux, in the March 1929 issue of The Numismatist, made that point. The George Walton specimen of the 1913 Liberty Head nickel sold April 25, 2013 at auction in Schaumburg, Ill., for $3,172,500. The famed collector: The more significant of these two items involve William F. Dunham, and apparently led to the flooding of newspaper question-and-answer columns with queries from those who owned 1913 Indian Head nickels and thought they had struck it rich. It was standard practice at the Philadelphia Mint to prepare coinage dies well in advance of the new year so that they could be sent to the other mints in plenty of time. The Walton specimen is the most elusive of the five 1913 Liberty Head nickels; for over 40 years, its whereabouts were unknown and it was believed to have been lost. The 1913 Liberty nickel became the first United States coin to hit the $100,000 mark back in 1972, and it became the first $1 million coin in 1996. A rare nickel -- a 1913 Liberty Head -- has sold for $4.5 million at a Philadelphia auction. In 1913, a total of five Liberty nickels were minted, under somewhat suspicious circumstances. He is known to have attended the ANA banquet in question. That coin was the 1913 Liberty Head (In the 1920s and early 1930s, one man and one coin were key factors that brought new life to old hobby. Since his first back cover on Jan. 11, 1931, he used the same space for the fourth consecutive year on Jan. 7, 1934, with one of his advertisements holding “a world’s record for coupon returns with money enclosed, having produced more than 190,000 bona fide replies.” These full-page ads in The American Weekly weren’t cheap. 1913 Liberty Head nickel has star appeal. 1.) Largely through his own promotion, Mehl was known as the person to contact if you had coin queries. In December 1919, however, Samuel W. Brown, by now a former employee of the Philadelphia Mint, placed an advertisement in The Numismatist offering to purchase one or more of the 1913 Liberty Head nickels for $500 each. The two men needed to act promptly because of the normal die destruction scheduled for just after New Years Day. Ten cents and a stamp would get its latest catalog. The flamboyant Mehl published a guide to rare coins and offered to buy those pieces which could be resold to collectors. The Liberty Head nickel, sometimes referred to as the V nickel because of its reverse (or tails) design, is an American five-cent piece. An unnamed California collector has paid $5 million for the Eliasberg specimen 1913 Liberty Head nickel, a record price for the coin and the second highest price ever paid for any rare coin. Stack's Bowers Galleries sold the Eliasberg 1913 Liberty Head nickel Wednesday night during the American Numismatic Association's World's Fair of Money at the Philadelphia Convention Center. Eliasberg 1913 Liberty Head Nickel (Stack's Bowers Galleries) An extremely rare 1913 Liberty Head nickel is expected to fetch between $3 million and $5 … The king of the 1913 Liberty Head nickel $50 offer, and the one many others likely followed in quoting that value, was Fort Worth, Texas, dealer B. Max Mehl. Numismatic Bank. In some ways the history of the 1913 Liberty Head nickel begins with the adoption of its design in 1883. The nickel had to wait until 1912 to find itself being issued by a mint other than Philadelphia. It was the usual practice for the Denver and San Francisco superintendents to order the necessary dies for the coming year well in advance of January 1. A man named Samuel Brown worked at the mint in 1913 and also introduced all five coins at the American Numismatic Association in 1920. (Mac) McDermott, who willingly loaned his specimen for display on numerous occasions. Decades ago Texas dealer B. Max Mehl spent millions of dollars advertising in magazines and newspapers and on the radio selling copies of his Star Rare Coin Encyclopedia which listed prices he paid for coins. This was a total of 14 placements. Regular production for the Liberty Nickel ended in 1912. Lookup Coin values for Good, Very Good, Fine, Very Fine, Brilliant Uncirculated & Proof conditions and MS grade. In the world of coin collecting today, one of the most sought after of rare coins is the 1913 Liberty Head Nickel.. With only five that are known to have been struck, this incredibly rare coin became the first to ever be sold for $100,000 in the early 1970's - quite a feat considering that it was worth a mere five cents when it was first minted. With the exception of 1912 and 1913, he continued to do so through 1919. Important to this story, no matter the origin or veracity of the two Dunham-related news pieces, is that their printing lit the fire. Due to persistent rumors about the Fraser design, in early December Philadelphia Mint Superintendent John H. Landis sent a letter to his immediate superior, Mint Director George E. Roberts at the Bureau of the Mint in Washington, inquiring about the status of the new design and if, in fact, it would be used in 1913 as rumored. “This is one of the greatest coins at that price range,” Jeff Garrett, one of two co-buyers, told UPI. Though not the first to proclaim the 1913 Liberty Head nickel’s rarity, he was undoubtedly the … The 1913 Liberty Head Nickel Although with five known copies, the 1913 Liberty Head "V" nickel is not the most rare coin, it is perhaps the favorite coin amongst collectors and certainly one of the most famous of the world's extremely rare coins. Free shipping on many items ... 1913-D Type 1 Indian Head Buffalo Nickel ~ GEM BU Uncirculated ~ A-SKU-2005. Buy & Sell. With evidence that the mini-Depression of 2009 is behind us, collectors will have the rare opportunity to ring in the New Year at the Florida United Numismatists convention with the Heritage auction featuring one of the five known examples of the 1913 Liberty Head nickel. Although the Liberty Head nickel dies are thought to have been destroyed in early January, there was in fact no coinage of nickels in January at any of the mints. The reply from Director Roberts was short and to the point: the new Fraser design would be used exclusively in 1913 and no Liberty Head nickel coinage would be permitted. Legendary coin collector Louis Eliasberg bought his specimen in 1948. The 1913 Liberty Head nickel is one of only five known to exist. Green owned all of them. Because of the information he provided, the mania will “cease today when it becomes known that the search is practically useless.” (Nov. 3, 1931, Boston Globe, Boston.). 16 bids. 1913 Type I Buffalo nickel VF. In 1908, Mehl began publishing his well-received journal, Mehl’s Numismatic Monthly. Will you kindly inform me through your column if this is a fact and where I can send it to obtain the premium?”, Holmes replied that it was not a nickel that was worth a premium but a dime. As for Mehl, he featured one in his 1944 sale of the Fred E. Olsen collection. From $25 to $600 was a big leap. These continued to spread into at least February of the next year (all quoting the $600 premium), hitting newspapers in the following cities and towns, as well as likely many others: Seward, Alaska; Bisbee, Ariz.; Dixon, Ill.; Rock Island, Ill.; Springfield, Ill.; Elkhart, Ind. $24.25. It is believed that he used coin dies created in case the dies for the Buffalo nickel were not ready for production in time. Watch your change[.]. Under these conditions it appears that Dec. 16 is the first possible date that the 1913 "V" nickels would have been struck. C $94.28. There were a few, he said, probably five, of the Liberty Head type that were valuable and would bring $50 to any price you might ask. (Aug. 5, 1927, The Coosa River News, Centre, Ala.), • By 1929, “Mr. 1996 notes by Q. David Bowers: FAME: Of all American coin rarities, the 1913 Liberty Head nickel is probably the most famous. It was just sold for $3.7 million dollars at public auction. that if he wrote to the Ace Coin Co. of Wheeling, W.Va., he could get $50 for his 1913 nickel. Whatever day was involved, the coins would have been removed from the Mint with all due haste as it would have been folly to have such pieces discovered in someone?s possession. Clarence Musser, of Mount Joy, Pa., was tendering a pair of Flemish Giant rabbits, or a $5 bill, for “a 1913 nickel, old type, not buffalo type, in good condition.” (Swap ads, June 15, 1923, The News-Journal, Lancaster, Pa.), • In 1924, columnist James B. The 1913 Liberty Head nickel is one of only five known to exist, but it's the coin's back story that adds to its cachet: 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 found to be the real deal. The most rare, grades, dates and varieties for Liberty Nickel coins. In the meantime, steps were underway to end the coinage of Liberty Head nickels and replace this design with the innovative Indian Head (Buffalo) nickel. Jeff Garrett from Mid-American Rare Coin Galleries, Lexington, Ky., placed the winning floor bid during Heritage Auction’s Platinum Night session held in conjunction with the 74th anniversary convention of the Central States Numismatic Society. With an exciting start, a new design change began in 1913 introducing the Buffalo nickel. (Reproduced from Mehl’s Numismatic Monthly, September 1909.). Among other delectable U.S. coinage rarities, he owned the Class I 1804 Draped Bust silver dollar on display at the convention, where it was dubbed the “Chicago dollar.”. These classified ads ran first with an address to “Numismatic Bank” and later “The Rare Coin Company of Texas.”. Had they been fully informed of what was going on with Fraser and MacVeagh, it is possible that the 1913 Liberty Head nickel would never have come into being. The 1913 Liberty Head nickel is one of only five known to exist. Free shipping on many items ... 1913-D Type 1 Indian Head Buffalo Nickel ~ GEM BU Uncirculated ~ A-SKU-2005. The coins first came to the attention of the collector community in 1920 when a former U.S. Mint employee named Samuel Brown attended the American Numismatic Association's annual convention and displayed all five copies there. Most Valuable Liberty Head Five Cents 1883-1913. The 1913 Liberty head nickel is so rare that years would elapse between offerings. A rare century-old U.S. nickel that was once mistakenly declared a fake has sold at auction for more than $3.1 million. (May 27, 1923, Augusta Chronicle, Augusta, Fla.), • Need a rabbit? Fraser worked on his design during 1912. The small-town dealer: This one is a bit hard to believe, if not inconceivable. Though not the first to proclaim the 1913 Liberty Head nickel’s rarity, he was undoubtedly the one who spent the most advertising dollars in that direction. A rare 1913 American nickel five-cent piece also known as The Liberty Head nickel, sometimes referred to as the V nickel due to its reverse design, Recently dubbed "The Mona Lisa of Rare Coins," was sold for more than $3.7 million (2.3 million pounds) in Heritage Auctions Platinum Night. The design was well accepted by the public, being considered a distinct improvement over the old Shield nickel. ; Long Island, Kan.; Topeka, Kan.; Wichita, Kan.; Detroit; Lansing, Mich.; Muskegon, Mich.; Port Huron, Mich.; Bismarck, N.D.; Buffalo, N.Y.; Antlers, Okla.; Muskogee, Okla.; Chambersburg, Pa.; Harrisburg, Pa.; Newcastle, Pa.; Wilkes-Barre, Pa.; Salt Lake City, Utah; La Crosse, Wis.; and Cheyenne, Wyo. The copper-nickel alloy was a difficult one to use and no doubt there were always extra planchets on hand as the failure rate may have been relatively high at times. 1913 Liberty Nickel - Eliasberg 1913 Liberty Head Nickel Sold for Record $5 Million. The Liberty Nickel, designed by Charles Barber followed the Shield nickels. This quest became … MRS. L. wrote, “I read some time ago that there is a reward for a 1913 nickel without the buffalo. After it became known within the Mint that the 1913 Liberty Head nickels would not be struck for either the general public or collectors, someone in the institution came up with the idea of correcting this ?oversight.? This mystifying link was discovered by E-Sylum reader Julia Casey and reported to E-Sylum editor Wayne Homren, who relayed it to me. If you remember the television series Hawaii Five-O, there was a rare 1913 U.S. Liberty Head nickel featured in a 1973 episode that is now worth a lot more than five cents. He paid for the same insertion the following week, in the Jan. 29, 1920, issue, but included the admonition, “Buffalo heads not wanted.” He must have believed there were plenty of the 1913 Liberty Heads to be found, even in a small town, as Arma was really small. 1883 and 1913 Liberty Head nickels are the most valuable in this series, and most of which were struck in Philadelphia, so you will see a P on the reverse, indicating where the coin was minted. C $94.28. It was struck for circulation from 1883 until 1912, with at least five pieces being surreptitiously struck dated 1913. That coin was the 1913 Liberty Head (. By contrast, Brown, who said he was willing to pay $600 for proof 1913 Liberty Head nickels, was at the convention “for a short time” on Monday, the day before the banquet. • So “wild and all-consuming” was the mania that the Times-Picayune related that a friend of theirs would take $10 bills to banks and exchange the notes for coins in the hope of finding a 1913 Liberty Head nickel. • The 1913 Liberty Head nickel received an extra boost of popularity in 1931 when a United Press International story began circulating nationwide. Obtaining a small number of planchets, both proof and uncirculated, the dies were placed in the hydraulic press and used to strike several specimens. Hawaii 5-O episode with Olsen Specimen the star of the show. One might suggest Christmas Eve, when security would perhaps been a little lax in line with the general tenor of the season. Type: Liberty Head V Nickel Year: 1913 Mint Mark: No mint mark Face Value: 0.05 USD Total Produced: 0 [ Silver Content: 0% Numismatic Value: $3428950 to $4408650.00 Value: As a rough estimate of this coins value you can assume this coin in average condition will be valued at somewhere around $3428950, while one in certified mint state (MS+) condition could bring as much as $4,408,650 at … (Feb. 14, 1929, Oklahoma News, Oklahoma City, Okla.), • Mrs. H.E. This second person must have had access to the necessary keys in order to ?liberate? The finest of the coins has been graded Proof-66 by various … That coin was the 1913 Liberty Head In the 1920s and early 1930s, one man and one coin were key factors that brought new life to old hobby. The George Walton specimen of the 1913 Liberty Head nickel sold April 25, 2013 at auction in Schaumburg, Ill., for $3,172,500. Another owner was J.V. With a tremendous advertising budget, in the 1930s Mehl moved to larger newspaper display ads. Dept. The 1913 Liberty Head nickel is one of only five known to exist, but it's the coin's back story that adds to its cachet: 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 found to be the real deal. Today, this coin ranks among the most legendary of all in American numismatics. It is unknown if San Francisco had yet hardened the nickel dies but if so it is likely that they were defaced in some way before being returned to Philadelphia. Dunham’s reported connection with the 1913 Liberty Head nickel came up after the publication of my 2017 feature, an excerpt of which appeared in the July 23, 2017, Numismatic Bibliomania Society’s E-Sylum, www.coinbooks.org/esylum. Today, these nickels are worth millions of dollars whenever one of them comes to auction. The appraisers at Heritage Auctions, where a 1913 Liberty Head nickel is set to be auctioned in April, certainly think so. In 1926, Peter Schoblocker and Valentine Heigel of Jacksonport, Wis., proffered the same in their classified ad: “TAKING IN TRADE – 1913 nickel liberty head (not buffalo) or 1894 dime. In this way, had they been stolen en route, counterfeiters would not have known the proper hardening procedures for dies and it would have been difficult for such dies to be used to strike counterfeit coins. ORLANDO, Fla.--(BUSINESS WIRE)--The world's most famous rare coin, the Walton 1913 Liberty Head nickel that was recovered from a car crash and has an estimated value today of … Usually, he added “may mean much profit for you” and always offered, at minimum, his coin circular with its “special offers” for four cents. No Liberty nickels were made of that date officially, but some years later collectors were stunned to learn that five 1913 examples had surfaced—all of them apparently made on the sly by someone at the Philadelphia Mint. C $31.40 shipping. Earlier ads, which obviously served as a template for his 1913 Liberty Head nickel ad (just insert a different rarity), included: $25 for an 1804 Draped Bust dime (Nov. 9, 1913, The Cincinnati Enquirer, Cincinnati); $50 for an 1853 Seated Liberty half dollar, no arrows (March 8, 1915, Nevada State Journal, Reno, Nev.); $100 for an 1894-S Barber dime (same issue as previous); $50 for an 1870-S Seated Liberty dollar (April 18, 1915, The Oregonian, Portland, Ore.); and $100 for an 1885 Trade dollar (Oct. 8, 1916, The Missoulian, Missoula, Mont.). “Those who owned nickels of that date made themselves believe that it surely must have been 5 cents instead of 10 cents that was meant, and so letters of anxious inquiry have poured in a flood into the office of The Daily News…”. William F. Dunham was not known to have owned a 1913 Liberty Head nickel, yet two newspapers quoted him as saying he was offered $600 for his example of the rarity. So what of the 1913 Liberty Head nickels after the ANA convention in 1920? Prior to 1913 five-cent proofs always had highly polished surfaces and frosted vignettes, very similar to the proof coins of the current time. That coin was the 1913 Liberty Head (. The boyfriend and girlfriend surfaced again, in the March 24, 1935, issue of the Times-Picayune, New Orleans, La. Those who had 1913-dated Indian Head nickels inundated editors and columnists with questions on how to cash in. After the convention ended little was heard of the new coins for several years but in 1924 dealer August Wagner, acting on commission, offered the entire set of coins for sale. On March 9, 1962, Walton died in a car crashen route to a coin show. Due to manufacturing issues, the Shield nickel was replaced by what is known as the “Liberty Head.” In fact, in the decades that followed, a number of new designs emerged. 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Olsen collection design change in. The latter disposed of the 1913 Liberty Head nickel sold for $ 5 million address given for,!