ORLANDO, Fla. -- (Business Wire)
The world's most famous rare coin, the Walton 1913 Liberty Head nickel
that was recovered from a car crash and has an estimated value today of
$2.5 million or more, now has been formally authenticated, graded and
certified by Professional Coin Grading Service (www.PCGS.com),
a division of Collectors Universe, Inc. (NASDAQ: CLCT).
Valued at $2.5 million or more, Professional Coin Grading Service has certified the authenticity and grade of the famous Walton 1913 Liberty Head nickel as PCGS Secure Proof 63. (Photo: Professional Coin Grading Service)
PCGS brought together in Florida the same experts who first
authenticated the previously "missing" coin for Collectors Universe in
Maryland in 2003. The coin now is certified as PCGS Secure Proof 63 (on
the PCGS numismatic grading scale of 1 to 70).
The famous coin was recently submitted to PCGS by Heritage Auctions (www.HA.com)
on behalf of George O. Walton's heirs, who consigned it for an auction
to be conducted by Heritage at the Central States Numismatic Society
convention in the Chicago suburb of Schaumburg, Illinois on April 25,
"The acclaimed Walton 1913 Liberty nickel is the world's most publicized
rare coin, with national and international headlines from its surprise
appearance on July 29, 2003 after being 'lost' for four decades. It has
generated many subsequent stories wherever it's been publicly exhibited
ever since," said Don Willis, President of PCGS.
"An initial examination and evaluation of the coin was performed by PCGS
authenticators and graders at PCGS headquarters in California on January
3, 2013, and then on January 11, five of the six members of the same
team of experts from 2003 reconvened to closely examine it at the
Florida United Numismatists convention in Orlando, Florida. At the
request of Walton's heirs, we have issued a PCGS Certificate of
Authenticity to accompany the coin, which remains in Walton's
custom-made holder that has housed it since the 1950s."
Willis added: "The PCGS brand guarantees authenticity, maximizes value
and increases liquidity."
The five authenticators from 2003 who re-examined the Walton nickel in
Florida were Heritage Senior Numismatist Mark Borckardt, PCGS Board of
Experts member; dealer and author John "JD" Dannreuther; numismatic
author and dealer Jeff Garrett; Professional Coin Grading Service
Co-Founder and Collectors Universe President David Hall; and numismatic
author and dealer Fred Weinberg. The sixth member of the 2003 team,
American Precious Metals Exchange Executive Vice President and
consultant to the coin's owners Paul Montgomery, was unable to attend
the January 11 meeting but examined the coin two days earlier.
"The search for and subsequent authentication of the Walton 1913 Liberty
nickel in 2003 was one of the highlights of my career," said Hall.
"It is the most famous U.S. coin, and to be in the same room with all
five of the known specimens and a team of experts to authenticate what
was the thought to be missing specimen was a thrill beyond words. What
an honor it is for PCGS to now re-authenticate and issue an official
grade for this great rarity."
One of only five known 1913 Liberty Head nickels, this coin vanished
from the hobby in 1962 when its owner, George O. Walton of North
Carolina, was killed in a car crash while driving to a coin show. The
nickel, still inside the custom-made holder, was recovered from the
crash site, but the coin later was mistakenly declared to be a fake.
Walton's sister, Melva Givens of Salem, Virginia, inherited the coin and
kept it in a closet of her home. It remained there for 41 years until
two of her children responded in 2003 to a national search and reward
offered by Collectors Universe to find the coin. The heirs brought it
that year to the American Numismatic Association World's Fair of Money
in Baltimore, where it was authenticated in a secret midnight meeting by
the team of six experts, who closely compared Walton's coin to the other
four known genuine 1913 Liberty nickels that were going on public
display the next morning.
The family loaned the nickel to the ANA Money Museum in Colorado
Springs, Colorado, where it was displayed the past nine years and also
exhibited at ANA conventions across the country.
Additional information about 1913 Liberty Head nickels and thousands of
other coins is available online at www.PCGSCoinFacts.com,
the Internet's most comprehensive resource for information and
illustrations of U.S. coins, from Colonial-era issues to modern coins.
For additional information about PCGS and its services, including PCGS
CoinFacts, visit www.PCGS.com
or call PCGS Customer Service at (800) 447-8848.
For additional information about the upcoming auction of the Walton
nickel, contact Heritage Auctions at (800) 872-6467 or visit online at www.HA.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130111005538/en/
Professional Coin Grading Service
Jon Garner, 949-567-1223
Source: Professional Coin Grading Service
© 2014 Canjex Publishing Ltd. All rights reserved.