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precious metals and numismatic news

 

In the NEWS: $2 Million 1913 Liberty Nickel Found

News Article No. 019  09/15/2003

According to CNN, on Wednesday at the 2003 "World's Fair of Money," the 112th annual meeting of the American Numismatic Association, the whereabouts of the missing nickel were revealed. The nickel was last in the possession of George Walton, a North Carolina coin dealer who had it with him when he died in a car crash in 1962. After the accident, his family took the piece to a dealer who pronounced it a fake. Thereafter, the coin collecting world considered the real nickel "lost." Meanwhile, the family put the Walton specimen away in a closet, thinking its only value to be sentimental. And for the next four decades, it gathered dust. After a group of six professional appraisers examined the piece in person, it was determined that the coin was genuine. It was noted that the specimen shares a number of distinctive features with the other four of its kind. The family has not yet decided whether it will sell the coin, and wish to remain anonymous. If they do decide to part with it, a number of dealers at the show said, the coin would be expected to sell at auction for $2 million or more.