Rare 1913 nickel touted to fetch $3million at auction


A rare nickel dating back to 1913 is all set to take over the title of the world’s most expensive coin. The nickel is slated to be auctioned in January in Orlando, Florida and is expected to fetch a cool $3million! A rare coin, it was one of only five ever made and was struck when the US mint was in the process of switching designs. The new nickels were supposed to feature a Native American head on one side and a bison on the other. This rare nickel however, has been given an incomplete treatment. The tail side is updated to show the bison but instead of etching the American native on the other, the figure of the statue of liberty is intact. The nickel thus becomes a symbol of one period of American coinage and the next. The coin has changed hands a number of times and its previous owners include King Farouk of Egypt, Dr. Jerry Buss and it even featured on an episode of ‘Hawaii Five-O,’ labeled ‘The $100,000 Nickel’.

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Only three out of these coins are owned by private coin collectors, the remaining two reside at the Smithsonian Institution in Washington DC, and the American Numismatic Association Money Museum in Colorado Springs. The rareness of this unique coin is sure to help it fetch a price way above its estimated value.
[Luxury-insider]