Rare Liberty Head nickel sells for $3.1m

A century-old US five-cent coin, once branded a fake, has been sold for $3.1m (£2m) at auction.

The 1913 Liberty Head nickel, one of only five such coins, had a pre-sale estimated price of $2.5m.

The coin’s intriguing provenance — it was illegally cast, found in a car crash, deemed a forgery and abandoned for decades — explains its high value.

It was located after a nationwide search and put up for sale by four siblings in the state of Virginia.

Not only is it just one of only five known, genuine 1913-dated Liberty Head design nickels, this particular one was off the radar for decades until it literally came out of the closet after a nationwide search, said Todd Imhof, vice-president of Heritage Auctions, where the coin was sold — via redwolf.newsvine.com

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