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Press Release - May 1, 2013
Famous ‘Lost’ Nickel Realizes $3.17 Million – One Of Seven $1+ Million Numismatic Lots – In Heritage’s $57+ Million Central States Events
1913 5C Liberty, PR63 PCGS, one of just five known, brings $3.17 million; Fr. 379c $1000 1891 Treasury Note PCGS Extremely Fine 45PPQ, one of two known, realizes record currency price of $2.585+ million; part of $69+ million week of combined U.S. Coins and Currency and World Coin auctions
DALLAS — A fabled, century-old rare U.S. nickel, the 1913 5C Liberty PR63 PCGS,recovered from a fatal car crash and then unsuspectingly kept in a closet for 41 years because it was mistakenly declared to be a fake, sold for $3,172,500 on Thursday night, April 25, 2013, to lead Heritage Auctions' Central States Numismatic Society U.S. Coins Signature® Auction in Schaumburg, IL. The pre-auction estimate on the coin was $2.5+ million.
"This particular example of one of the world's most famous rare coins is perhaps the most special of them all given its amazing story," said Todd Imhof, Executive Vice President of Heritage Auctions. "Not only is it just one of only five known, genuine 1913-dated Liberty Head design nickels, this particular one was off the radar for decades until it literally came out of the closet after a nationwide search and was authenticated by experts in a secret midnight meeting in Baltimore in 2003.”
The Heritage CSNS events, combined, featured seven lots that all brought prices realized exceeding $1 million, the first time such an outcome has been achieved.
"Before these auctions, the most million dollar items sold, combined, at any numismatic auction was three,” said Greg Rohan, President of Heritage Auctions, "which Heritage did on three separate occasions in January and November of 2005 and in January of 2010.”
At the same venue, the next night, a Fr. 379c $1000 1891 Treasury Note PCGS Extremely Fine 45PPQ, sold for $2.585 million as part of Heritage's Central States Numismatic Society U.S. Currency Signature® Auction. The note, depicting Civil War era General George Gordon Meade — and once redeemable in gold and the only one known example of the bill outside the Smithsonian Institution — set a world's record price for any paper money ever sold. It was part of a trio of rare U.S. Currency that brought more than $6.18 million all together.
The other two notes in the trinity of record setting bills was a $100 1863 Gold Certificate PCGS Apparent Extremely Fine 40 that realized $2.1+ million and a Fr. 379a $1000 1890 Treasury Note PCGS Apparent Extremely Fine 45, that realized $1.5+ million.
All three of the notes came from The Greensboro Collection, Part II.
The quartet of seven figure U.S. coin rarities, led by the Walton Nickel, included the unique 1783 Nova Constellatio Pattern Quint, Silver, Type Two AU53 PCGS Secure — one of the most interesting and esoteric offerings in all of American numismatics — which realized $1.175 million, while a 1796 $1 Small Date, Small Letters MS65 NGC, from the William Jacobs Collection, Part II, brought $1.175 million and the Eric P. Newman Specimen of the 1852 $10 Humbert Ten Dollar MS68 NGC, CAC, thrilled the auction room crowd when it finished platinum night at $1.05+ million, a priced realized worthy of Newman's esteemed name in the world of numismatics.