2013 is well on the way to being declared a year of historic coin auctions, or rather a year of numismatic action so to say. After the recent listing of rare Islamic coins by Morton & Eden, a rare 1913 Liberty nickel is stated to go up for auction. The rare currency which has been graded PR63 by the PCGS, will be put up for a public auction for the first time in over 40 years, when it appears at the Official Auction of the Central States Numismatic Society's Annual Convention, overseen by Heritage Auctions. The event will be held from April 24th to the 26th, with the special 'Platinum' night being held on the 25th. Known to be one of the rarest specimens of US currency ever minted, the Walton specimen coin is known to have one of the dramatic history associated with itself. However, the bidding process has already begun online, and prices are stated to cross $2 million easily.
According to recorded history of this Walton specimen 1913 Liberty nickel coin, George O.Walton was known to have carried this coin with him in 1962, when he was headed for a coin auction then, and due to a tragic car accident, lost his life before reaching the auction venue. From the wreckage at the sight, his 1913 Liberty Nickel was recovered, and returned to the members of his family who then sent it to an auction house for resale. But, luck wasn't on their side and it was returned to them as being a fake specimen. This let to a majority of collectors believing that one of the only 5 coins of it's kind, known to be existing is gone forever.
Later in 2003, with the aim of giving the issue greater publicity, an offer for sale of the Liberty Nickel was made. It was then that American Numismatic Association's World Fair for Money was being held, with the other 4 existing nickel coins. There was also a $10,000 award announced for a person just to be able to see the missing 5th nickel. Then 2 of George O.Walton's nephews turned up with the coin, and then undergoing a mid-night authentication by coin experts. Since then, the coin has been on display, and for the first time will be seen at a public auction. Perhaps, this will now end up being one of the most expensive coins to be sold at such a forum.
Via: Heritage Auctions