No takers for $5m nickel

ORLANDO, Fla. -- The $5 million nickel isn't worth one red cent. At least not at auction.

A rare 1913 Liberty Head nickel was put on the block at New York-based Stack's Rare Coin Galleries. The nickel was struck secretly at the Philadelphia mint after its design was retired.

Pre-auction estimates pegged the nickel about $5 million. But when bidding started a $4.5 million there were no takers.

The coin is one of five known of its type. It last sold for a little over $4 million last year to one of its current owners, Bruce Morelan. The owners said they're not disappointed by the failure to sell and are still happy they own the coin, according to minority owner Laura Sperber, of Legend Numismatics in New Jersey.

Liberty Head nickels, showing Miss Liberty on one side and a Roman numeral V on the other, were minted from 1883 to 1912. The design was retired and replaced by nickels depicting an American Indian and a bison.