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Collector pays $5 million for rare 1913 nickel


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A Southern California coin collector paid $5 million for a rare "Liberty Head" nickel, the most ever paid for a nickel and the second-highest price ever paid for any coin, according to the coin dealer who arranged the sale.


The unidentified collector bought the 1913 nickel Wednesday from a New Jersey-based coin shop and a businessman in Washington state, who jointly purchased the coin in May 2005 for a then-record price of $4.15 million, said Ronald J. Gillio, who negotiated the sale.



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