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Walton 1913 Liberty 5¢ Coin Sells In Private Transaction

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CCFPress's Avatar
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 Posted 06/19/2018  11:31 am Show Profile   Bookmark this topic Add CCFPress to your friends list Get a Link to this Message Number of Subscribers
CoinWorld - The 1913 Liberty Head 5-cent coin once owned by George O. Walton and his heirs has traded hands in a private transaction for a price between $3 million and $4 million.

Walton-1913-Liberty-5¢-Coin-Sells-In-Private-Transaction

Co-owners Jeff Garrett from Mid-American Rare Coin Galleries in Lexington, Kentucky and Larry Lee, from Coin and Bullion Reserves in Panama City, Florida, sold the coin to brothers Martin Burns and Ronald Firman. The sale was brokered through Philadelphia dealer Bob Paul from Bob Paul Rare Coins.

Coin World received a copy of the invoice for the sale of the coin to verify the transaction. The participants in the transaction requested that the exact price not be released.

Earlier in 2018, Paul placed with Firman for more than $1 million in a private transaction a 1943 Lincoln copper cent. The cent is graded Mint State 63 red by Professional Coin Grading Service and stickered by Certified Acceptance Corp. with a green label as being superior for the grade.

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Crazyb0's Avatar
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 Posted 06/19/2018  11:36 am  Show Profile   Bookmark this reply Add Crazyb0 to your friends list Get a Link to this Reply
Nice to have money to burn, isn't it? Guess its better than investing in losing sports teams

Edited by Crazyb0
06/19/2018 11:38 am
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moxking's Avatar
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 Posted 06/19/2018  1:36 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
Big money influx is beneficial to all price levels. Much of those sale prices will be used for additional coin purchases.
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Conder101's Avatar
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 Posted 06/19/2018  1:48 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
One thing I noticed from the press release, they have gone back to being business strikes again instead of proofs.

Oops, ignore that the 1943 copper was what was graded Mint state. Guess the business strike 1913's are still being called proofs.
Edited by Conder101
06/19/2018 1:50 pm
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T-BOP's Avatar
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 Posted 06/19/2018  4:11 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply

Quote:
. Guess the business strike 1913's are still being called proofs.

I was under the assumption that the few 1913's were only proof strikes .
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jbuck's Avatar
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 Posted 06/19/2018  4:38 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
They are not just buying the coin, they are becoming immortalized as a part of its elite provenance.
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jpsned's Avatar
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 Posted 06/19/2018  5:49 pm  Show Profile   Bookmark this reply Add jpsned to your friends list Get a Link to this Reply
I don't know, looks to me like the "3" was altered! :)
Anybody else see that?
Edited by jpsned
06/19/2018 5:51 pm
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Coinfrog's Avatar
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 Posted 06/19/2018  6:50 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I guess the concensus of experts over the last 100 years would be "not many".
Edited by Coinfrog
06/19/2018 6:51 pm
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hadleydog's Avatar
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 Posted 06/19/2018  11:03 pm  Show Profile   Bookmark this reply Add hadleydog to your friends list Get a Link to this Reply

Quote:
Guess the business strike 1913's are still being called proofs.

Back in 1943, Burdette Johnson considered 4 of the 5 as proofs, while the fifth had proof-like surfaces. Interesting. Here is a summary of his invoices.

Quote:
The Newman Numismatic Portal has invoices from Burdette G. Johnson, which includes 4 of the 5 1913 Liberty nickels (Newman kept the best example, which ended up in the Eliasberg collection)

Of these, one went to F.C.C. Boyd. This is the coin that Farouk had and is the Norweb coin (currently in the Smithsonian). This coin sold for $1,000 and I think was considered the second finest.
This coin is listed on an invoice dated April 22 1943: 1913 U.S. 5c NICKEL. Liberty Head Proof $1000.00

The other 3 all went to James Kelly for $750 each. I have 3 different invoices for these transactions and wonder if there is any way to tie these to the specific coins.

1) March 11th 1943: 1913 U.S. 5c NICKEL. Liberty Head Proof $750.00
2) March 11th 1943: 1913 U.S. 5c NICKEL. Liberty Head Proof $750.00 (this invoice also includes 3 Gobrecht dollars, 2 1851 proof dollars and 3 1878 CC 1/2 dollars.
3) March 17th 1943: 1913 U.S. 5c NICKEL. Liberty Head Uncirculated with proof surface $750.00
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basebal21's Avatar
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 Posted 06/20/2018  12:45 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
Well the 66 cac price probably just jumped a bit from that sale
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52Raymo's Avatar
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 Posted 06/20/2018  02:27 am  Show Profile   Check 52Raymo's eBay Listings Bookmark this reply Add 52Raymo to your friends list Get a Link to this Reply
Wow, nobody even let me know it was for sale.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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