4 Coin Collecting Scandals That Shocked the Numismatic World 

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While coin collecting is generally perceived as a respectable and methodical hobby, there have been instances of scandals and controversies that have rocked the numismatic world. 

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1. The King Farouk Collection Theft 

King Farouk I of Egypt was an avid coin collector who amassed one of the most extensive and valuable coin collections in the world during his reign. However, in 1952, following his overthrow, his collection was seized by the Egyptian government. 

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2. The 1913 Liberty Head Nickel Controversy 

The 1913 Liberty Head Nickel is one of the most famous and valuable coins in the world, with only five known specimens in existence. In the 1960s, the owner of one of these nickels, George Walton, was killed in a car accident while traveling to a coin show. 

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3. The Case of the 1974-D Aluminum Cent 

However, when news of the aluminum cents leaked to the public, the Mint quickly halted production and ordered the coins to be destroyed. Despite these efforts, a few examples managed to escape destruction and entered the collector market.  

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4. The ANACS Grading Scandal 

In 1989, the American Numismatic Association Certification Service (ANACS) became embroiled in a grading scandal when it was revealed that some coins had been improperly graded and encapsulated.  

While such incidents are relatively rare, they underscore the need for vigilance and due diligence among collectors, dealers, and certification services in preserving the integrity of the numismatic hobby. 

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