Free Republic

A rare photo of legendary outlaw Billy the Kid, purchased for less than a subway ride, could now fetch $5 million. The outlaw, whose real name was William H. Bonney, was playing croquet with his gang of Lincoln County Regulators in late summer 1878 when this 4-by-5-inch tintype image was captured, according to Americana company Kagin’s, which is negotiating the sale of the photo.

Western Americana and Rare Coin experts, Kagin’s, Inc., announced that the firm has authenticated and will be the exclusive seller of a newly discovered photograph featuring several of the Lincoln County Regulators, including legendary gunman, Billy the Kid. The photograph was purchased for $2 as a part of a miscellaneous lot at a Fresno junk shop in 2010, and will be the subject of a two-hour documentary airing Sunday, October 18th at 9/8c on National Geographic Channel. “I love handling great treasure finds!” exclaimed Dr. Donald Kagin, president of Kagin’s, Inc. “This iconic, lively and fun artifact is history in...