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All Posts Tagged With: "famous coins"

Olsen-Hawn 1913 Liberty Nickel Sells for $3,737,500

by Greg Reynolds for CoinLInk

The Olsen-Hawn 1913 Liberty Nickel sold shortly after 10:00 PM on Thursday, Jan. 7. It is the highest valued item in an auction extravaganza conducted by Heritage Auction Galleries in association with the annual winter FUN Convention in Orlando, at the Orange County Convention Center. This convention is open to the general public.

The Olsen-Hawn 1913 Liberty Nickel was the centerpiece of this year’s FUN Platinum Night auction event, which is devoted to expensive U.S. coins. Much more modestly priced coins are auctioned at other times.The Olsen-Hawn piece is widely regarded as the second finest of just five 1913 Liberty Nickels in existence.

This nickel was purchased “by a sophisticated East Coast collector,” according to Todd Imhof, the Executive Vice President of Heritage, and “has found a home among other Great Rarities,” Imhof adds. “He is not completing a set of Liberty Nickels. He bought it because he likes Great Rarities.”

Greg Rohan, the President of Heritage relays that the underbidder wishes to reveal only that he is an accomplished “business executive who just re-entered coin collecting circles.” Further, Rohan indicates that the underbidder “wanted to get started again by buying a 1913 Liberty Nickel. He is very disappointed.” It would have been a neat and exciting way to start a new coin collection.

Sam Foose was the auctioneer. Before this coin ‘came up’ for live bidding, it was indicated on the Heritage website that the opening level would be the reserve, which had not yet been met, $2,750,000, or $3,162,500 with the 15% buyer’s fee that is standard at all major coin auctions. Bidders usually take this 15% fee into consideration when they factor their bids. It is logical to do so. So, I will include adjusted bids in parentheses herein. (more…)