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Million dollar nickel rolling to auction

April 25, 2013 in Antique Coins, Auctions, Coins, Collecting, Nickel Coins, Rare Coins, USA Coins

Pricey coin has rich backstory

By Lisa Black, Chicago Tribune reporter. April, 24th, 2013 (www.chicagotribune.com)

A rare 1913 Liberty Head nickel, stored unceremoniously in a closet for 40 years, could fetch more than $2.5 million when it’s auctioned in Schaumburg this week.

But what’s priceless is the story behind the coin — one of only five ever made. Starting with suspicious origins, the coin later survived a fiery car crash and was declared a fake before its eventual authentication.

Its former owner, George Walton, died in the 1962 crash en route to a coin show. Appraisers told his family the coin was fake, but his sister kept it, anyway.

“She put it in a padded envelope and wrote, ‘It’s not real,'” said Walton’s niece, Cheryl Myers of Virginia, one of four heirs working with Heritage Auctions. “She died … never knowing she had the real thing.”

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