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Sometimes a nickel is worth millions

February 1, 2013 in Auctions, Nickel Coins, USA Coins

By: Steve Szkotak , The Associated Press (AP) (http://www.nbcnews.com)

A humble 5-cent coin with a storied past is headed to auction and bidding is expected to top $2 million a century after it was mysteriously minted.

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, forgotten in a closet for decades and then found to be the real deal. It all adds up to an expected sale of $2.5 million or more when it goes on the auction block April 25 in suburban Chicago.

1913 Liberty Head Nickel

This image provided by Heritage Auctions shows an authentic 1913 Liberty Head nickel that was hidden in a Virginia closet for 41 years after its owners were mistakenly told it was a fake.

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