Hobo Nickel Stuns With $24,200 Price|
January 17, 2013
This article was originally printed in Numismatic News.
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With a winning bid of $22,000 plus a 10 percent buyer’s fee, a Bearded Man/Boxcar hobo nickel done by George Washington “Bo” Hughes dominated the 21st mail and floor bid auction conducted Jan. 12 during a meeting of the Original Hobo Nickel Society, Inc., at the Florida United Numismatists convention in Orlando.
The classically carved hobo nickel likely dating to 1939, according to the catalog, was purchased by Chris Dempsey of Dempsey and Baxter Rare Coins in Erie, Pa.
Ralph Winter, editor of Bo Tales, the official journal of the group, said, “This was by far the largest price ever paid for a single hobo nickel.”
For the auction overall, the hammer total was $65,822, which is a new record for the event. With the 10 percent buyer’s fees added in, the total was $72,385.20.
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On January 18, 2013 Robert Samuel jr
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