Your nickel could be worth $4 million

(Heritage Auctions/AP Photo)

Two males grew to become the brand new proud proprietors of the rare 1913 Liberty Mind nickel, that was hidden inside a closet for 41 years after its proprietors were incorrectly told it had been fake.

Ray Lee, 63, from Panama City, Fla., and Shaun Garrett, 54, from Lexington, Ky., compensated $3,172,500 for that gold coin from Heritage Auctions in Schaumburg, Ill., on Thursday.

"I really like rare coins," Lee told ABCNews.com. "For anybody linked to coins, this is sort of a dream become a reality.Inch Lee and Garrett bought the gold coin in partnership.

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Garrett, who had been certainly one of a group of experts introduced directly into authenticate the gold coin in 2003, stated he'd been looking forward to the gold coin since he first handled it.

"We have both always imagined about possessing these coins," he stated. "This really is most likely the finest gold coin I have ever handled."

While five Liberty Mind nickels are presently recognized to exist, the storyline of this specific gold coin added a brand new dimension to the allure for Lee and Garrett.

The coin's former owner, George Walton, died inside a vehicle accident in 1962. His family retrieved the nickel in the vehicle wreck but was told the gold coin was counterfeit. Walton's sister stored the gold coin anyway, stowing it away inside a closet using the label "It isn't real."

Walton's sister's four children inherited the gold coin and introduced it to auction this season, after learning more about its authenticity in the 2003 American Numismatic Association World's Fair of cash in Baltimore.

Attempts by Caramba Right now to contact the beneficiaries weren't effective, but Cheryl Myers, among the four beneficiaries, told the the Connected Press, "The sad part is my mother been with them for 3 decades and she or he did not realize it.Inch

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Decades later, Lee stated he could not believe he possessed the now authenticated gold coin, which he first got it at this type of great cost. "The gold coin at this value is seriously underrated. I had been prepared to pay $4 million.

"This gold coin continues to be rare forever. This really is such as the ultimate goal from the gold coin business."

Lee stated the gold coin could be displayed the following month in New Orleans in a American Numismatic Association exhibition, where he wants because the general public to determine it as being possible.

But he does not have other future plans for that gold coin. "I simply desired to own that gold coin," he stated.

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"Everybody should be part of this story," Lee stated. "There might be millions of dollar gold coin inside your closet."