Rare nickel up for auction in Philadelphia bought for $4.56 million

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An especially uncommon nickel up for public sale in Philadelphia fetched $four.56 million from an nameless purchaser Wednesday.

The Stack’s Bowers Galleries supplied the Eliasberg 1913 Liberty Head Nickel for public sale in the course of the American Numismatic Affiliation’s World’s Truthful of Cash.

“That is actually a momentous sale and one for the historical past books,” Brian Kendrella, president of Stack’s Bowers Galleries, informed WPVI. “The brand new proprietor of the Eliasberg nickel now possesses one of many rarest, most useful United States cash, and one among solely three examples of this coveted coin in non-public palms.”

The coin is known as for financier Louis E. Eliasberg, who purchased the coin in 1948, and amassed one of many best coin collections in U.S. historical past.

This particular nickel is one among solely 5 ever produced on the Third Philadelphia Mint.

“Nobody actually is aware of the circumstances of their manufacturing,” Vicken Yegparian, vp of numismatics at Stack’s Bowers Galleries, mentioned. “That is the most effective of the 5 — it’s generally known as the Eliasberg specimen.”

As Fox Information beforehand reported, Yegparian mentioned that the 5 Liberty Head nickels had been produced simply earlier than the U.S. Mint began producing nickels with a Buffalo Head design.

“Of the remaining 4, two are off the market — one was donated to the Smithsonian within the ‘70s, and one was donated to the American Numismatic Affiliation within the 1980s,” he mentioned. “There stay two different ones in non-public palms.”

Uncommon cash are huge enterprise. Earlier this 12 months, a small $5 gold coin produced by the San Francisco Mint in the course of the top of the California Gold Rush was estimated to be value “tens of millions of .” The coin’s proprietor initially had thought that the cash was pretend.

Fox Information’ James Rogers, Chris Ciaccia and The Related Press contributed to this report.

Frank Miles is a reporter and editor protecting sports activities, tech, army and geopolitics for FoxNews.com. He could be reached at [email protected] 

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