"Olsen" 1913 liberty nickel sold for $3.7 million "Olsen" 1913 liberty nickel sold for $3.7 million at Heritage Auctions Florida United Numismatists (FUN) Auction, at the Orange County Convention Center Thursday.
held without compensation while keeping the organization out of bankruptcy. Manley, who began collecting coins at age 6, is a major supporter of the American Numismatic Association. He is a managing partner in a real estate holding company, Manley Fanticola.
B. Max Mehl [Olsen] was born in Russia in 1884. He was a shoe salesman who became a coin dealer at the age of 16 and conducted his first auction in December 1903. That auction was a 33-lot mail bid sale that appeared in The Numismatist. John Adams writes in United States Numismatic Literature, Volume Two, that Mehl's career should never have happened. According to Adams, Mehl was "an immigrant Jew in a then-gentile hobby ... he was located in Fort Worth, Texas, at a time when 95 percent of the business was done on the East Coast; and ... Lilliputian in stature and colorless in terms of personality, he adopted a business plan that relied on creativity and promotion."
Mehl did more to promote coin collecting than any other individual in the 20th century, or perhaps ever. He spent millions of dollars advertising to buy and sell rare coins. The 1913 Liberty nickel was a favorite subject of his advertising. The advertisement reproduced here appeared in the January 6, 1935 issue of the San Antonio (Texas) Light and is typical of his advertising style. Throughout his campaign, Mehl knew the whereabouts of all five 1913 nickels.
Numismatic Fine Arts [Olsen] was operated by Edward Gans and Henry Grunthal, who also operated as independent coin dealers in New York. Their second mail bid sale, offering the Olsen specimen of the 1913 Liberty nickel was held on May 21, 1946. The partnership conducted 13 sales from November 1945 to March 1953. Afterward, Edward Gans conducted three additional sales in 1954, 1955, and 1960. The firm is unrelated to a later firm of the same name operated in California.
Edward Gans [Olsen] was born in Hamburg, Germany, on August 27, 1887, and died in Berkeley, California, on February 13, 1991, age 103. He was a banker in Germany, relocating to Berlin in 1909, to New York City in 1938, and to Berkeley in 1953. He conducted an independent coin business, and also conducted auctions with Henry Grunthal under the name Numismatic Fine Arts.
Henry Grunthal [Olsen] was born in Germany on August 11, 1905, and died in Bronx, New York, on September 8, 2001. He was the son of German numismatist Hugo Grunthal. An ANA member since 1929, Grunthal emigrated to the United States in 1938. He was educated at the University of Berlin and at the Sorbonne in Paris, studying archaeology and art history. He conducted an independent coin business in New York City and also conducted auctions with Edward Gans as Numismatic Fine Arts. In 1953, Grunthal joined the curatorial staff at the American Numismatic Society.
Numismatic Galleries [Eliasberg] was a partnership of Abe Kosoff and Abner Kreisberg. Although they handled many rarities privately, such as the 1913 Liberty Head