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A $5 million nickel? Extremely rare 1913 coin on the auction

Eliasberg 1913 Liberty Head Nickel

(Stack’s Bowers Galleries)

Described as the most valuable AMERICAN nickel in existence, a rare nickel from 1913 is expected to sell for between $3 million and $5 million at the auction.

The Eliasberg 1913 Liberty Head Nickel, one of five ever produced, will be auctioned by Stack’s Bowers Galleries in August. “The other four 1913 Liberty Head Nickels have gone to private collectors and museums, including the Smithsonian,” explained the Stack Bowers, in a statement.

THE DISCOVERY OF HIS LIFE: ‘FAKE’ GOLD COIN ACTUALLY WORTH MILLIONS

Named after Louis E. Eliasberg Sr., the banker and the famous coin collector who bought it in 1948, the nickel will be auctioned at the American Numismatic Association World’s Fair of Money, which runs from Aug. From 14 to 18 years in Philadelphia, Pennsylvania Convention Center.

The nickel comes from the family of Dr. William Morton-Smith, that Stack’s Bowers is described as an “old time collector” of coins.

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Rare coins are big business. Earlier this year, a small $5 gold coin produced by the San Francisco Mint during the height of the California Gold Rush was estimated at a value of “millions of dollars.” The coin’s owner had at first thought that the money was fake.

Fox News’ Chris Ciaccia, contributed to this article.

Follow James Rogers on Twitter @jamesjrogers

 

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