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Offline SueTopic starter
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« on: January 03, 2007, 09:17:09 am »
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"owners said they're not disappointed by the failure to sell and are still happy they own the coin"
Bet they'd have been happier to have sold it though.   Grin  Hmm the market has been reached so no flip of the coin. Sue

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$5 Million Nickel Doesn't Fetch A Cent
POSTED: 8:01 am EST January 3, 2007

ORLANDO, Fla. -- The $5 million nickel isn't worth one red cent. At least not at auction.
A rare 1913 Liberty Head nickel was put on the block at New York-based Stack's Rare Coin Galleries. The nickel was struck secretly at the Philadelphia mint after its design was retired.
Pre-auction estimates pegged the nickel about $5 million. But when bidding started a $4.5 million there were no takers.

The coin is one of five known of its type. It last sold for a little over $4 million last year to one of its current owners, Bruce Morelan. The owners said they're not disappointed by the failure to sell and are still happy they own the coin, according to minority owner Laura Sperber, of Legend Numismatics in New Jersey.
Liberty Head nickels, showing Miss Liberty on one side and a Roman numeral V on the other, were minted from 1883 to 1912. The design was retired and replaced by nickels depicting an American Indian and a bison.



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Offline toolboxdiver
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« Reply #1 on: January 03, 2007, 03:28:53 pm »
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I'll take it off there hands for face value...LMAO... Grin Grin Grin...its supply and demand...so many things are said to be worth outragous amounts until you try to find a buyer...hehehe

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Offline metal_inspector
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« Reply #2 on: January 03, 2007, 04:29:09 pm »
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someone would have to be reallllllyyy rich to get something like that.  Wish I owned a 1913 liberty nickel. Cry

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Offline SueTopic starter
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« Reply #3 on: January 03, 2007, 09:18:35 pm »
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I can sure think of a lot of things I'd enjoy more for that amount of money. Wonder if he's suffering a bit of buyer's regret since he's only owned it for a yr.   Smiley Sue

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« Reply #4 on: January 03, 2007, 10:18:28 pm »
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Yeah right bet he is pissed it didnt sell  Grin

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« Reply #5 on: January 04, 2007, 04:08:02 am »
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I think its pretty funny...hehehe... Grin Grin Grin

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« Reply #6 on: January 04, 2007, 07:02:00 am »
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Sounds like he brought it with the intention of making a quick profit.  Cry Cry Cry

Steve

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« Reply #7 on: January 04, 2007, 10:05:11 am »
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Quote:Posted by Goldfinger
Sounds like he brought it with the intention of making a quick profit.  Cry Cry Cry

Steve


thats why its so funny...Smiley Grin Grin Grin

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« Reply #8 on: January 06, 2007, 03:08:13 pm »
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Good article.  Thanks for posting.

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