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$80 Nickel Sells for $264,500in Heritage AuctionFrom September 29, 2005 Heritage Press Release:DALLAS, TEXAS: Heritage Numismatic Auctions,Inc., (HNAI) sold a 1916 Nickel with the date doubledon the obverse, PCGS graded MS64, for $264,500in its most recent Signature Auction, held September21-24, 2005 as the Official Auctioneer of the LongBeach Coin Expo. The entire auction realized about$23.5 million, with the nickel being the most expensivesingle lot.this example and none finer. In fact, the error state remainedunknown for more than four decades after theproduction of the coin. This is one of the rarest andmost popular 20th century error coins, and one that isvery attractive to the advanced nickel collector.”“A regular example of this date might sell for abouttwo dollars, while one in a comparable grade mightsell for about $80,” said Jim Halperin, Co-Chairmanof HNAI, “but this stunning error example, with thedate double-struck, brought $264,500, a world recordprice for a Buffalo nickel at auction.”“There are very few examples of this error coin in existence,”said Halperin, “possibly no more than a couplehundred pieces, with only a few known to be equal toPage 16minterrornews.com
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