1913 Liberty Nickel For Sale Next Week - ANA Show Philadelphia

$760,000

 

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Would have been fun to bid $1M knowing (praying) that I’d be outbid but there’s no way I could qualify to bid or handle the stress.

 

Yes, total $4.56M.

The one on ebay is listed now for $3.85M without any bp.
The ebay listing seems genuine to me. The seller edited it and provided more info and some history.

 

Holy. Moly. Most of us won't come close to earning that in a lifetime, and yet, I'll bet that buyer feels like the luckiest guy in the world right now!

 

Let me ask a question: if you were enormously rich, would you still spend $4.56 million on a single coin? I probably wouldn’t, to be honest.

Intriguing question.

 

Whizzed.

 

It is against the law to steal from the US Government.
See: https://www.law.cornell.edu/uscode/text/18/641

 

Coin was bought by Bruce Moreland plus an undisclosed partner. Bruce was the owner before last, sold it in 2010, and wanted to own it again. Bruce is a part owner of Legend Numismatics and Legend Auctions.

And yeah, if I had a few hundred million , I can imagine spending that much on a coin, but not this coin.

Cal

 

Wonder how the seller feels, He lost $1.15 million (He bought it for $5 million). Unless he got more than 100% of the hammer price, but he still lost money because I'm sure he didn't get 126% of the hammer price.

 

The previous purchaser, Dr. Morton-Smith, is dead, so is probably OK with it. As to his heirs, hard to say. Good chance they're OK with it too because they may or may not have had to pay inheritance tax on it. But on the day they inherited it, its basis became current value, which was probably at least Morton-Smith's purchase price. So in addition to the inheritance itself, they get a fat capital gains loss for their tax returns.

Cal

 

Ah a win - win situation.