A Surprise Discovery
A Michigan family got the shock of their lives when they found a rare Buffalo Nickel worth $5.2 million hidden in their late grandfather’s coat pocket. James Callahan, a Detroit resident, was sorting through his grandfather’s belongings when he felt something in the lining of an old wool coat, untouched since the 1960s. At first, he thought it was just an old coin, but its unique design caught his eye. This incredible find, reported on June 5, 2025, has sparked excitement among coin collectors and everyday folks alike.
What Makes This Coin So Special?
The coin turned out to be a 1913 Liberty Head Nickel, one of only five known to exist. Experts say these nickels were never meant for circulation and were likely struck unofficially at the Philadelphia Mint, adding to their mystery. The coin’s value comes from its rarity, historical significance, and excellent condition. It features a Native American profile on one side and a buffalo on the other, with clear details in the headdress and buffalo’s horn. After evaluation by experts, a private buyer from California bought it for $5.2 million at an exclusive auction last week.
How It Was Found
James discovered the nickel while cleaning out his grandfather’s closet. The coat, worn during the Great Depression, had been stored away for decades. “I thought it was just a regular coin from the 1930s,” James said. Later that evening, he searched online and realized it might be valuable. He took it to a local coin dealer, who sent it to numismatic experts for verification. The family was stunned to learn its worth. “It’s crazy to think something in Grandpa’s pocket changed our lives,” James added.
Why Are Buffalo Nickels Valuable?
Buffalo Nickels, minted from 1913 to 1938, are popular among collectors for their iconic design by James Earle Fraser. While most are worth $1 to $100, rare ones like the 1913 Liberty Head or the 1937-D “three-legged” nickel can fetch millions due to minting errors or low production. The 1913 nickel’s scarcity and mysterious origin make it a “holy grail” for collectors. Coins in mint condition, with no wear, are especially prized.
| Detail | Information |
|---|---|
| Coin Type | 1913 Liberty Head Nickel |
| Value | $5.2 million |
| Rarity | Only 5 known to exist |
| Found In | Grandpa’s coat pocket |
| Auction Date | June 2025 |
Could More Treasures Be Out There?
This find has sparked a treasure hunt across the country. Experts believe other rare Buffalo Nickels, like the 1926-S or 1937-D three-legged versions, might still be in circulation, hidden in coin jars or old collections. Worn coins could still be worth thousands, while mint-condition ones could fetch millions. Coin dealers report more people checking their spare change or family heirlooms. “You never know what’s in your pocket or attic,” said one expert. If you have old coins, it’s worth getting them checked by a reputable dealer.
A Life-Changing Moment
For the Callahan family, the nickel is more than money it’s a connection to their grandfather, who lived through tough times and saved everything. “He’d be amazed to know his old coin was worth so much,” James said. The $5.2 million sale ranks this nickel among America’s priciest coins, alongside the 1933 Double Eagle. This
