The Rare 1913 V Nickel Worth $5 Million, America’s Most Valuable Five-Cent Coin, The 1913 V Nickel, also known as the Liberty Head Nickel, is one of the rarest and most valuable American coins in existence today. With only five known specimens in circulation, the 1913 V Nickel can fetch between $4,500 and $5 million, depending on its condition and historical significance. This coin has captivated collectors and historians alike due to its mysterious origins and the high value it commands at auctions. If you’re curious about why this rare coin is worth millions, keep reading to uncover its fascinating history and features.
Origin of the 1913 V Nickel
The 1913 V Nickel is famously known for its limited production, with only five examples ever minted. Officially, the Liberty Head Nickel was in circulation until 1912, when it was replaced by the Buffalo Nickel starting in 1913. However, under mysterious circumstances, five Liberty Head Nickels were secretly produced, making this coin one of the most coveted collectibles of all time.
1913 V Nickel, Features and Value Breakdown
| Feature | Details |
|---|---|
| Year of Minting | 1913 |
| Design | Liberty Head on obverse, Roman numeral “V” on reverse |
| Material | 75% copper, 25% nickel |
| Weight | 5 grams |
| Diameter | 21.2 mm |
| Estimated Value | Up to $5 million |
| Total Known Coins | 5 |
Why Is the 1913 V Nickel So Expensive?
There are several reasons why the 1913 V Nickel commands such a high price in the market. Below, we’ll explore the factors that contribute to its rarity and immense value.
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1. Rarity
With only five known specimens in existence, the 1913 V Nickel is considered one of the rarest U.S. coins. Its scarcity, combined with its historical significance, makes it highly sought after by collectors around the world.
2. Secret Production
The coin’s production was not authorized by the U.S. Mint, adding to its allure and mystique. The secret minting of these coins is a significant part of its history, and it wasn’t until 1920 that the public first became aware of its existence.
3. Historical Significance
The 1913 V Nickel marks a transition period in U.S. coinage, moving from the Liberty Head Nickel to the Buffalo Nickel. This makes the coin an important piece of U.S. currency history.
4. Record-Breaking Sales
The coin has fetched enormous prices at auctions over the years. In 2018, a specimen of the 1913 V Nickel was sold for a record $4.56 million, reinforcing its status as one of the most valuable coins in the world.
5. Condition
The condition of the coin plays a significant role in its value. Coins in better condition, especially those graded by reputable organizations like PCGS or NGC, are more valuable. The Eliasberg Specimen, graded PR66, is considered the finest example of the 1913 V Nickel and has been valued at over $5 million.
The Five Known Specimens of the 1913 V Nickel
Here’s a breakdown of the five known 1913 V Nickels and their current status:
- Eliasberg Specimen: The most well-known specimen, sold for $5 million in a private sale. It is considered the best-preserved example of the coin.
- Norweb Specimen: Known for its beauty, it remains in a private collection and has been one of the most admired 1913 V Nickels.
- Olsen Specimen: Featured in a popular Hawaii Five-O episode and sold for $3.7 million in 2014.
- Walton Specimen: Lost for decades, it was rediscovered in 1962 and is now valued at around $4 million.
- McDermott Specimen: The only circulated specimen, it is part of a private collection and occasionally displayed for public viewing.
How to Identify a Genuine 1913 V Nickel
Given the high value of the 1913 V Nickel, many counterfeit versions are circulating in the market. Here’s how to ensure you’re purchasing an authentic coin:
1. Date Condition
The 1913 date on the coin must be inscribed correctly, in accordance with the Liberty Head design. If there’s any sign of alteration or tampering, the coin may be fake.
2. Weight and Materials
An authentic 1913 V Nickel weighs 5 grams and is made of 75% copper and 25% nickel. If the coin’s weight or material composition is off, it is likely a counterfeit.
3. Certification
Always look for a certified coin. Trusted organizations such as PCGS and NGC provide certification for coins, ensuring their authenticity. Certified coins typically come with a detailed report and a tamper-proof label.
4. Ownership History
A genuine 1913 V Nickel will have a well-documented history of ownership. Provenance plays a key role in verifying a coin’s authenticity and value.
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In the United States, coin authentication is primarily handled by reputable organizations like the Professional Coin Grading Service (PCGS). Established in 1986, PCGS specializes in verifying the authenticity and grading the condition of coins, offering collectors and investors assurance in their purchases. Their meticulous grading standards ensure that every coin’s value is accurately determined. For more information, visit their official website at www.pcgs.com or to know more click here.
Conclusion
The 1913 V Nickel is more than just a rare coin; it’s a significant piece of American history. From its mysterious minting to its record-breaking sales, this coin has left an indelible mark on the world of numismatics. Whether you’re a seasoned coin collector or simply a history enthusiast, the story of the 1913 V Nickel is sure to fascinate.
FAQs
1. Why is the 1913 V Nickel so rare?
The 1913 V Nickel is rare because it was never officially put into circulation. Only five coins were secretly minted under mysterious circumstances, making it one of the most sought-after coins in the world.
2. What is the highest price a 1913 V Nickel has ever fetched?
The highest price ever paid for a 1913 V Nickel was $5 million for the Eliasberg Specimen, making it one of the most expensive coins in U.S. history.
3. How can I confirm a genuine 1913 V Nickel?
To confirm a genuine 1913 V Nickel, look for certification from reputable services like PCGS or NGC, and ensure the coin’s weight, materials, and ownership history are well-documented.
4. Where can I buy a 1913 V Nickel?
Purchasing a 1913 V Nickel should only be done through trusted auction houses or certified dealers. Be sure to verify the authenticity of the coin before making a purchase.
This comprehensive guide to the 1913 V Nickel highlights its rarity, historical significance, and immense value. Whether you’re looking to buy or simply learn more about this legendary coin, understanding its features and authenticity requirements will help you appreciate the 1913 V Nickel as one of America’s most valuable collectibles.