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Follow on Google News | PCGS-Certified Coin Sells For $3.17 Million At Auction, Gold Coin CommentsThe world-famous Walton Family 1913 Liberty head nickel was sold to a duo of investors on April 25 through Heritage Auctions.
By: GoldCoin.net “This was yet another remarkable moment for a coin that has generated nationwide and worldwide headlines since Collectors Universe first announced a search for it in 2003...it emerged from hiding and was authenticated,” According to Coinweek, the coin first made headlines in 1962 when it was recovered from the scene of a car crash that killed collector George Walton. Walton’s heirs submitted the coin for authentication but it was mistakenly labeled as a fake. Walton’s sister, Melva Givens, kept the “fake" coin in a closet in Salem, Virginia, for decades. Givens’ children eventually heard about the missing “Walton example” nickel and brought it to the American Numismatic Association’ Although coin collecting can sometimes translate into large profits for collectors, the Walton nickel story is an exception to the rule, according to Stewart Lawson, vice president of marketing for Gold Coin. “The majority of profits in the coin market comes from gold and silver coins, especially the pre-1933 U.S. gold coins," Lawson said. “It is possible to make money with collector coins, but the average investor or collector will find it practically impossible to jump into the market and make any money." Gold Coin (GoldCoin.net) End
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