A 1913 Liberty Head nickel that was buried in closet of family belongings for more than 40 years has sold at auction for $3.2 million.
The rare nickel is one of five known to exist and there are three available to collectors, according to the auctioneer, Heritage Auctions. Nineteen bids in all were received for the nickel. Jeff Garrett of Lexington, Kentucky, and Larry Lee of Panama City, Fla.,paid $3.5 million for the 1913 Liberty Head nickel.
Heritage Auctions conveyed to the Los Angeles Times that another 1913 Liberty Head nickel sold for $3.7 million in 2010.
A North Carolina collector, George Walton, purchased the nickel in the mid-1940s in a trade for other coins worth about $3,750, according to Heritage Auctions. Walton was carrying the nickel and other collectibles when he was killed in a car crash in 1962 in route to a coin show.