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History of the Famous 1913 Liberty Nickel
The Liberty Nickel, commonly known as the “V” nickel for
the Roman Numeral "V" on the reverse was officially produced
from 1883 to 1912. We use the word officially because one of
the most famous coins of all is the 1913 Liberty Nickel
which was produced under suspect circumstances.
Sometime well after normal production stopped for the Liberty Nickel series,
a few 1913 Liberty Nickels surfaced. In December 1919, Samuel W. Brown put an
advertisement in The Numismatist offering to pay $500 for 1913 Liberty Nickels.
It is a known fact that he was the first person to advertise for this date. It
turns out; Brown was employed by the mint at the time of the suspected minting
of the 1913 coins. He worked in the coining department. Although no one now
knows for sure how the 1913 coins were produced, there are a couple theories:
It is speculated that the coins were produced in late 1912 when dies for the
next years coinage were being made, and before it was decided that 1913 would be
the introduction of the Buffalo Nickel.
The coins could have been produced early January 1913. The first
“experimental” Buffalo Nickels were struck on January 7th, 1913 but production
did not take place until February 15, due to various design problems. It would
not have been unusual for someone in the Medal Department of the Mint to strike
a few examples for cabinet/display purposes. Since the Buffalo Nickel was not
yet officially approved, striking a few Liberty Nickels would not have been
illegal.
While no one knows for sure how Brown came into possession of the nickels, it
is possible that he received them from engraver George T. Morgan, who produced
rarities upon occasion for sale to dealers. Considering the effort required to
produce them, such as making the dies, preparing the machinery and then finally
striking the coins, it is amazing that no-one came forward to claim
participation or to profit from the coins.
After running the ad, Brown displayed the nickels in 1920 at an ANA
convention. Now the word was out, 1913 Liberty Nickels actually existed. A few
years later, a prominent coin dealer of the time, B. Max Mehl or Fort Worth, TX,
advertised to pay $50 a piece for a 1913 Liberty Head Nickel. He knew he would
never get one though. He was a marketing genius and as a result of his
advertisements, coin collecting became all the rage and his publication, Star
Rare Coin Encyclopedia sold very well. People began checking there change in
hopes of finding the coin. To this day though, only 5 have ever surfaced and it
is believed that the five known, are the only ones in existence.
In January 1924, August Wagner, a Philadelphia coin dealer advertised for
sale the five nickels presumably on behalf of Samuel Brown. From there, they
have had a host of owners. Until recently, one of the 5 pieces (the Walton Coin)
had been missing for 40 years. Mr. Walton-a dealer, would take his coin to shows
along with a duplicate. On his way to a show he was killed in a car wreck and
his coins were scattered on the roadside. His heirs did get his coins back, but
were never sure if the 1913 Liberty Nickel coin they had was the fake or the
original. A major dealership once called the real coin a fake. In 2003 at the
ANA Show, the coin was authenticated by several experts and the mystery of the
missing coin ended. It was also at this convention that all 5 1913 Liberty
Nickels were displayed together for the first time since 1920.
How famous is the 1913 Liberty Nickel? It was the first coin to sell for over
one-million dollars. It was also featured on the old show Hawaii Five-0.
Keith Scott has been a collector for over 30 years. His website has
US coins for sale. He also writes
Coin Collecting Articles for fun. Visit his websites for a history of US coins,
metal market updates and news about your favorite coins.
Want to discuss the Liberty Nickel? Join the coin forum.
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