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(Long Beach, California) – The finest of the five known 1913 Liberty Head nickels, the Eliasberg/Lee specimen certified PCGS Proof 66, has been sold for $4,150,000. It is the highest price ever paid for one of the legendary coins and the second highest price ever reported for any rare coin.
The famous coin was sold by Ed Lee, President of Lee Certified Coins, Ltd. of Merrimack, New Hampshire, to Legend Numismatics of Lincroft, New Jersey. The transaction was brokered by John Albanese, President of John Albanese Numismatics of Far Hills, New Jersey.
“We believe in the rare coin market, and we’re in love with classic rarities. This is the most famous U.S. rarity,” said Laura Sperber, Co-President of Legend. The two other principals of the firm are George Huang and Bruce Morelan.
“Owning a 1913 Liberty Head nickel is unlike owning any other coin in the world. Frankly, we were sorry we sold the Olsen/Hawaii Five-O specimen last year. We still miss it,” said Sperber.
Lee purchased his celebrated coin from California collector and sports agent, Dwight Manley, in July 2003, for nearly $3 million. Seven years earlier, it was the first rare coin to break the million dollar mark at a public auction when it sold for $1,485,000 as part of the Louis E. Eliasberg Sr. collection in 1996.
After he purchased it two years ago, Lee declared: "After 47 years in the business, this coin is the highlight of my career; there's no where for me to move up in the coin business after owning it. I feel that the Eliasberg/Lee specimen of the 1913 Liberty Head nickel is the number one rare U.S. coin, as do many top collectors and dealers. It has the combination of ultra rarity, great fame and the finest pedigree possible - Eliasberg - the only man in history to assemble a complete collection of United States coins. That's something even the U.S. government failed to do.”
Lee publicly exhibited the coin twice, at the Florida United Numismatists convention in January 2004 and then the most recent Long Beach Expo where announcement of the coin’s sale was made. Lee, who was traveling in Asia at the time of the announcement, said he intends to acquire other major rarities because he is “a believer in the coin market long term and I want to stay in it.”
“With just a handshake, we had a deal to sell the coin for $4.15 million,” said Albanese who brokered the transaction in late May. “If you sell a piece of property for $4 million you’ll probably have a contract that runs dozens of pages. But in numismatics you can have complete assurance with simply a handshake.”
According to David Hall, PCGS Founder and President, the known previous owners of the coin are:
Newman was the last person to own all five coins, breaking up the group in the early 1940's. This specimen was sold to Abe Kosoff and Abner Krieisberg of the Numismatic Gallery in New York City and subsequently to fabled Baltimore banker, Louis E. Eliasberg, the only collector to ever assemble a complete collection of U.S. coins.
It was purchased in a 1996 auction by dealer Jay Parrino of Kansas City, Missouri who sold the coin at an auction in March 2001 when it was purchased by Dwight Manley of Newport Beach, California. Manley sold it to Lee in a private treaty transaction in July 2003, and Lee subsequently sold it to Legend Numismatics in May 2005.
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Ihave a 1944 20 cents piece and 1939 dime 1903 dime, not a collector anybody know if any good» by Betty Andrews on June 02, 2005 @ 10:14 PM #
HELLO, EVERYONE MY MOTHER AND FATHER HAS A 1906 LIBERTY HEAD NICKEL JUST LIKE THE ONE THAT WENT FOR $400.000.00 THIS NICKEL IS JUST LIKE THE ONE THAT SOLD, THE ONLY DIFFERENT'S IS THE DATE OUR'S IS A 1906 NOT A 1913 ANY ONE OUT THERE? WHAT'S IT WORTH? PLEASE E-MAIL AT RASINJACK@AOL.COM THANK YOU» by RICHARD A. MCVICKER on June 03, 2005 @ 09:12 PM #
Ah, Richard? The 1913 nickel is worth that much because it's so rare. The 1906 nickel is not rare.» by dan on June 03, 2005 @ 11:14 PM #
Hello , I am a collecter of bills and coins my self , I have a 1904 dime , with i belive the statue of liberty on it. The back is also diffrent from the new dime.
I have a 1896 $1 dollar Lincoln , and a 1906 $20 washington. Any ideas how much they are worth , the one dollar is off lincoln i belive mining coal , and it has red letering in gold.» by Sebastian on June 04, 2005 @ 08:46 AM #
Sebastian: Please read the FAQ:» by dan on June 04, 2005 @ 05:52 PM #
my dad found 9 of americas first silver dollars in our yard! i would really like to know how much yall would pay to have these(for the set and each)pls email me when you decide on a price thanks!» by tori on June 06, 2005 @ 09:53 AM #
You can see their going price here:» by dan on June 06, 2005 @ 09:58 AM #
my dad found 9 peices of eight...maericas first silver dollars..i would liek to know how much it is worth for all of them together or seperate..pls email me with your answers!» by coingirly on June 06, 2005 @ 10:01 AM #
My Sister has a 1913 nickel like the one you have pictured, is it because of the year that makes it valuable or something else on this coin?» by Jewell Kirk on June 06, 2005 @ 09:03 PM #
Jewell: It's the year. If it's authentic it would be worth quite a bit of money.
You can see the value here:» by dan on June 07, 2005 @ 09:49 AM #
Hi, i got a Liberty Head Nickle dated 1902.. can you please tell me if it is worth anything?» by Greg on June 14, 2005 @ 10:08 AM #
You can find out its value here:» by dan on June 14, 2005 @ 10:34 AM #
I have a 1891 one dollar coin. Anyone know its worth?» by Char on June 19, 2005 @ 08:42 AM #
i have a 1940 copper nickel i was told by a coin dealer to get some kind paper for it that coast about $35 but i dont want to wast money if its not worth to much. any one know what it might be worth ,it has the same coloring of a old penny» by deb on June 22, 2005 @ 04:26 PM #
We saw the article on the liberty head nickel the early part of June and my mother has several coins for which she wonders if they are worth anything. She has a 1911 liberty head nickel, she has buffalo head nickels and silver certificates. Please let us know if possibly anything is worth something. Thanks in advance.» by Tina Harrison on June 25, 2005 @ 08:08 AM #
Tina: You can find out the values here:» by dan on June 25, 2005 @ 11:53 AM #
I have a 1912 libery nickle. I was wondering whether it was worth anything?» by RAYMOND on June 30, 2005 @ 01:54 AM #
i found a 2005 buffalo head nickel. i have been asking around to see what something like this was worth. i would really appreciate it if someone could tell me the value of this coin. thank you!» by kevin on June 30, 2005 @ 02:13 PM #
It's worth $0.05.» by dan on June 30, 2005 @ 02:19 PM #
I HAVE A 1884 INDIAN HEAD PENNY IN EXCELLENT CONDITION. HOW MUCH IS IT WORTH, ALSO I HAVE OTHER VALUE OLD COINS ALSO IN GOOD CONDITION, WHO CAN I TRUST? THANKS SO MUCH FOR YOUR HELP.» by michael harvey on July 02, 2005 @ 08:58 PM #
Michael: You can trust the PCGS price guide:» by dan on July 03, 2005 @ 07:04 AM #
i found a 1906 dime and i was wondering how much it's worth if some one could answer ide really appreciate it. i also have alot of dollar coins that are very large,,, im not sure what year but any one have a clue??? ty (thank you) :)» by strgazer on July 09, 2005 @ 01:01 PM #
Please refer to the comment right above yours where I explained how anyone can see how much their coin is worth.» by dan on July 09, 2005 @ 08:20 PM #
I have a 1910 liberty head nickle what is it worth?
i own a coin that was made in 1790 i dont know who made it or what country it is from but it has a shield on it, it says George IVS Dei gratia, have you got any clue about what it could be.» by Alex on July 18, 2005 @ 10:49 PM #
After my grandfather passed away a few years back, my family found a 1913 nickle like the one that went for 4 million dollars. He had collected coins all his life, and had many special coins so he would have known what this coin was. My question is this; is there any way to tell the counterfiet coins from the real thing without taking it to an expert, and if it would have to be, where would be the best?» by Rob C. on July 22, 2005 @ 11:52 AM #
That's a good question. I don't know of any sure way to tell, but it would be a good idea thoroughly inspect it with a magnifying glass to make sure there aren't any suspicious abrasions.» by dan on July 22, 2005 @ 01:40 PM #
I have this coin in a case that says 1941 50c
I have a Liberty Head 1907, I would like to know where I can make a offer, for that Liberty.
I have a 1911 Liberty Nickle, a 1936 Buffalo Nickle, and a 1947 Penny, I'm not a collector I just found these coins and a few others as well. Are they worth anything? I tried the pcgs link, but I have no idea how to read that.» by Beckie on August 05, 2005 @ 01:03 AM #
Beckie: You may want to look at the How to Use this Guide at PCGS: http://pcgs.com/prices/howtouse.chtml
It's a table of values based on condition. The worst condition is to the left and the highest condition is to the right. So, the 1911 Liberty Nickel doesn't have any values listed (which usually means it isn't worth more than face value) until you get to about uncirculated, and then it's worth $125.» by dan on August 05, 2005 @ 09:44 AM #
I have a 1936 buffalo head nickel. Could you plese tell me it's worth?» by JulieBeez on August 15, 2005 @ 11:10 AM #
» by dan on August 15, 2005 @ 11:23 AM #
I have a 1911 Liberty nickle, a 1936 Buffalo nickle, a 1943 wartime silver nickle and a 1946 Jefferson nickle. Can anyone tell me if they are worth anything? I couldnot figure out tha chart. Thank you» by heidi on August 16, 2005 @ 06:57 PM #
I don't understand what's so difficult about reading the chart. Let's run through an example.
You have a 1936 Buffalo Nickel, so you go to the Buffalo Nickel section:
Then you find 1936 in the date column (the leftmost one) and then you have the prices on that row. So it's worth $1-$12 depending on its condition. Now you can look up the other coins you mentioned.» by dan on August 16, 2005 @ 09:02 PM #
I currently have a 1906 nickel and would like to know the value of it today. And where would be a best place to sell it too. Thanks» by Ester Jimenez on August 20, 2005 @ 08:33 PM #
I have a 1936 Buffalo Nickel with what appears to be a "S" below the "five cents". I wanted to know how I can find its worth. Thank you.» by Rochelle on August 30, 2005 @ 09:50 PM #
Rochelle: The 's' is the mintmark, meaning it was minted in San Francisco. It's worth a dollar or two.» by dan on August 31, 2005 @ 07:14 AM #
i have a 1905 liberty head nickel and a 1936 buffalo head nickel . i need to know how much these are worth . thanks!» by Ashley on August 31, 2005 @ 10:21 PM #
Hello, I recently aquired an American 3 cent coin; which is from 1854. Will you tell me the current value of this coin? I also have a 1923 $1.00 silver certificate signed by Moody & White. Will you please give me the current value of this bill? I also received WWII Japanese Paper Money: One Peso,Five Pesos, Ten Pesos, 1000 Pesos, Fifty Centavos and 5 Yen. Any information on these items would be greatly appreciated! Thank you!» by Cathy Gronau on September 04, 2005 @ 12:48 PM #
Only yen is japanese» by Tamara on September 13, 2005 @ 05:11 PM #
I have a 1910 Liberty Nickel .Do you know how it's worthy?» by Sinuhe Vila on September 18, 2005 @ 10:02 AM #
i woud like to know how worth is my coin,it is a 1910 5 cnt liberty» by sinuhe on September 21, 2005 @ 04:40 PM #
I have a 1906,1910,1911,1912,and 1898 Liberty Head Nickels wanted to know if any one is interested in buying. Thanks» by Anna on September 22, 2005 @ 11:44 AM #
I have an Indian Head/Buffalo Nickel, but the date appears to be worn off. How can I determine its worth?» by Melinda on September 26, 2005 @ 03:05 PM #
If the date's worn off, it's essentially face value plus a little bit more. Probably not worth your time.» by dan on September 26, 2005 @ 03:22 PM #
I have a 1910 Liberty Head Nickle along with a 1869 and 1858 nickle. I also have two pennies one is from 1863 and the other is 1857 . Do you think I have anything of value ?» by Holly on September 26, 2005 @ 06:09 PM #
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