1913 Liberty Head Nickel Is Worth $4.2 Million – Plus 5 Other Rare Forbidden Coins! Here’s How to Identify!

Published On: March 11, 2025

Coins have fascinated people for centuries, but some are so rare they can fetch astronomical prices. One of the most coveted coins in history is the 1913 Liberty Head Nickel, which sold for an astounding $4.2 million in 2022. While this coin is among the most famous, there are many others in the world of numismatics that are considered forbidden or highly restricted, making them exceptionally valuable.

In this article, we’ll look into what makes these coins so special, how to spot them, and highlight some of the most valuable rare coins. Whether you’re a casual collector or a serious numismatist, understanding these coins can help you identify treasures hiding in plain sight.

1913 Liberty Head Nickel

The 1913 Liberty Head Nickel stands out not only due to its rarity but also because of the mystery surrounding its creation. This coin was never officially issued for circulation, making it a forbidden coin. Only five known specimens exist, making it one of the rarest and most valuable coins ever minted.

In 1913, the U.S. Mint transitioned to the Buffalo Nickel design, officially retiring the Liberty Head design. However, a Mint employee secretly struck five Liberty Head Nickels. These coins remained hidden for years before being discovered in private collections.

One of these, known as the Walton specimen, sold for $4.2 million in 2022, reinforcing its status as a numismatic legend. Its history and extreme rarity make it one of the most valuable coins ever sold.

How to Identify Coin

If you think you might have a valuable coin, here’s a step-by-step guide to help you determine its rarity.

1. What Makes a Coin Rare

Rare coins share certain characteristics that make them valuable:

Low Mintage – Coins produced in very limited numbers tend to be more valuable.
Historical Significance – Some coins were minted during critical historical moments, making them highly sought after.
Condition – The better the condition, the higher the value. Uncirculated or well-preserved coins fetch higher prices.

2. Examine the Coin’s Features

Some coins have specific design elements that make them rare. Look for:

Unique Mint Marks – These indicate where the coin was produced. Certain mint marks can increase a coin’s value.
Minting Errors – Coins with double strikes, off-center prints, or missing elements can be worth significantly more.
Precious Metal Content – Coins made from gold, silver, or platinum often have higher intrinsic value.

3. Research Known Variants

Many valuable coins exist in different variations. For example, the 1804 Bust Dollar has multiple classes, with the Class I version being the rarest. Understanding these differences is key to spotting valuable pieces.

4. Consider the Coin’s Provenance

Coins that have been part of famous collections or have documented sales in major auctions tend to be more valuable. The history behind a coin can make a significant difference in its market price.

Five Other Rare and Forbidden Coins

1804 Bust Dollar – Class I ($3.36 Million)

Known as the “King of American Coins,” the 1804 Bust Dollar is one of the most famous coins in U.S. history. Despite its 1804 date, these coins were actually minted in the 1830s for diplomatic gifts. The Class I version is the rarest, with only a handful in existence.

1795 Eagle, 9 Leaves ($3.36 Million)

The 1795 Eagle with 9 leaves is a highly sought-after gold coin. Struck when the U.S. Mint was still in its infancy, only a few examples remain today. Its historical importance and gold content make it incredibly valuable.

1795 Capped Bust Gold Eagle ($2.71 Million)

The 1795 Capped Bust Gold Eagle is a key piece of early American coinage history. Its rarity and early design contribute to its high auction prices, with one specimen selling for $2.71 million in 2023.

1913 Liberty Head Nickel PF-64 CAC ($3.29 Million)

Another specimen of the 1913 Liberty Head Nickel, graded PF-64 by PCGS, sold for $3.29 million in 2014. Its excellent condition and certification by the Certified Acceptance Corporation (CAC) further increased its value.

1804 Draped Bust Dollar – Class I ($3.29 Million)

The 1804 Draped Bust Dollar, particularly the Class I Proof version, is one of the rarest U.S. coins. Only a handful exist, and they are among the most coveted coins for collectors worldwide.

Importance of Coin Grading

A coin’s value is largely determined by its condition, which is assessed using professional grading systems.

The Sheldon Scale – Ranges from P-1 (Poor) to MS-70 (Perfect Mint State).
Proof Grades (PR-60 to PR-70) – Used for specially minted coins with high-quality finishes.

For rare coins, professional grading by PCGS or NGC adds credibility and ensures accurate valuation. Coins with CAC certification often fetch even higher prices.

How to Buy and Sell Rare Coins

If you’re looking to buy or sell rare coins, follow these steps:

Research the Market – Understand the current value of the coin and its demand.
Use Reputable Auction Houses – Heritage Auctions and Stack’s Bowers are top choices for high-value coin sales.
Attend Coin Shows – These events provide networking opportunities and direct access to experts.
Seek Professional Appraisal – A numismatist can authenticate and grade your coin before selling.

Avoiding Scams

Since rare coins attract high prices, scams are common. Here’s how to protect yourself:

Buy from Trusted Dealers – Only purchase from reputable sources with verifiable credentials.
Verify Certification – Always request grading reports from PCGS, NGC, or CAC.
Avoid Unrealistic Offers – If a deal sounds too good to be true, it probably is.

Rare coins like the 1913 Liberty Head Nickel represent a fascinating blend of history, artistry, and financial value. Whether you’re a collector or an investor, knowing these coins can help you navigate the numismatic world and possibly uncover a hidden fortune.