Rare Nickel Fetches More Than $3 Million

SCHAUMBURG, Ill. (April 26, 2013)--A rare century-old U.S. nickel once mistakenly declared a fake has sold at auction for more than $3.1 million.

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, left forgotten in a closet for decades then declared the real thing.

It was offered for sale by four Virginia siblings at a rare coin and currency auction in the Chicago suburb of Schaumburg on Thursday, and sold for well more than the expected $2.5 million.

The winning bidders were two men from Lexington, Ky., and Panama City, Fla., who bought the coin in partnership.


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