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Canadian_Nickle
Penny Hoarding Member
Canada
938 Posts |
 Posted - 04/26/2007 : 13:57:11
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(04-26) 10:34 PDT Santa Barbara, Calif. (AP) --
A Southern California coin collector paid $5 million for a rare "Liberty Head" nickel, the most ever paid for a nickel and the second-highest price ever paid for any coin, according to the coin dealer who arranged the sale.
The unidentified collector bought the 1913 nickel Wednesday from a New Jersey-based coin shop and a businessman in Washington state, who jointly purchased the coin in May 2005 for a then-record price of $4.15 million, said Ronald J. Gillio, who negotiated the sale.
"We hope he enjoys it as much as we did," said Laura Sperber, an owner of Legend Numismatics in Lincroft, N.J.
The Liberty Head nickel gets its name from the symbolic image of a "Miss Liberty" mistakenly stamped on it by the Philadelphia mint in 1913, the year that icon was replaced with images of an Indian and a bison.
Only five 1913 Liberty Head nickels are known today, with two in public museum collections. One is in the Smithsonian Museum's permanent coin collection in Washington, D.C., the other at the American Numismatic Association Money Museum in Colorado Springs, Colo.
The $5 million paid Wednesday was second only to the $7.59 million paid in July 2002 for a $20 Double Eagle gold from 1933.
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"A nickel's nothing to scoff at."
C. Montgomery Burns
HoardCode0.1: M28/5CAON:CA5Ni35000:CA1Cu1200:CA100Ag345:
CA10Ag250:CA50Ag100:CA25Ag30:CA500Ag48:US100Ag20:CA1000Ag16
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$5M nickel
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