We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Rare Nickel Expected To Sell For A Pretty Penny

NPR
Tuesday, January 29, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

The nickel — with Lady Liberty on the front and the Roman numeral V on the reverse — shows the date 1913. The problem is the liberty head was replaced by the buffalo head in 1912. Making this nickel a bootleg — one of five allegedly cast at the Philadelphia Mint by a crooked employee. One nickel is expected to sell for more than $2 million at an auction this spring.

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business is: Million dollar nickel.

The U.S. Treasury quietly shot down a movement to mint a trillion dollar coin to avert another debt ceiling fight this year.

STEVE INSKEEP, HOST:

That idea may now seem less outlandish, given this: a nickel that is expected to sell for well over $2 million at auction this spring. Why so much? Turns out it was never supposed to be minted.

MONTAGNE: The nickel - with Lady Liberty on one side and the Roman numeral for V on the other, bears the date 1913. The only problem, the liberty head was replaced by the buffalo head in 1912, making this nickel a bootleg - one of five allegedly cast at the Philadelphia Mint by a crooked employee out to make some quick coins.

INSKEEP: If only he'd been able to hold on to it for a century. But this fraud was no fool. He did wait until the statue of limitations expired in 1920 to sell the set and he did get a pretty penny at that time, which is about to happen again.

That's the business news on MORNING EDITION from NPR News. I'm Steve Inskeep.

MONTAGNE: And I'm Renee Montagne. Transcript provided by NPR, Copyright NPR.

View this story on npr.org

Sign up for ReCap

and never miss the top stories

Delivered to your inbox every Wednesday.

Check out a sample ReCap newsletter.