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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Friday, February 1, 2013

Nickel From 1913 Will Likely Go For Millions

CoinsIn Virginia, a rare nickel will likely earn more than $2 million for its owners. The coin apparently has an interesting past. The coin was minted in 1912 and illegally cast in 1913.  The coin was reportedly the product a man named Samuel W. Brown. Brown reportedly altered the dye for the five coins to add a false date. It was discovered in a car accident in 1962 that took the life of its owner,  George O. Walton. Walton was a coin collector and he purchased the coin in 1942 for less than than $4,000. Upon its discovery, one of Walton's heirs Melva Givens inherited the coin, coin collectors informed Givens that they believed that the coin was a fake. It was then forgotten for 30 years because Givens placed in the closet thinking that the coin was worthless.

The current coins owners are four siblings from Virginia, the children of Melva Givens. Since the American Numismatic Association World's Fair of Money determined the identity of the coin, the Waltons donated the coin to the Colorado Springs Museum, who placed the coin on exhibit.

See Steve Skzotak, Nickel From 1913 Likely To Fetch Millions At Auction, ABC, Jan. 31, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/02/nickel-from-1913-will-likely-go-for-millions.html

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