Imagine...
- Thread starter pulltabsteve
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This 1792 Silver Center Cent, shown on April 18, 2012 in Schaumburg, Ill., was sold at auction for $1.15 million.
By Patrick Rizzo
It may cost 2 cents to make a penny, but you can buy one for more than $1 million.
One of the nation's first pennies, which is mostly copper but has a silver plug in the center, fetched $1.15 million at auction on Thursday, according to Heritage Auctions, which handled the transaction.
The penny, which depicts Liberty with flowing hair on one side and a wreath tied wtih a ribbon on the other, was one of the first coins struck at The Philadelphia Mint by a fledgling United States in 1792.
The Associated Press, quoting officials from Heritage, said Kevin Lipton of Beverly Hills, Calif., bought the penny at the behest of a group of unnamed investors for $1 million, plus the auction house's 15 percent commission.
The AP said the coin never made it into circulation and only 14 examples of it are known to exist, according to Heritage Executive Vice President Todd Imhof.
Don't spend it all in one place, Mr. Lipton.
By Patrick Rizzo
It may cost 2 cents to make a penny, but you can buy one for more than $1 million.
One of the nation's first pennies, which is mostly copper but has a silver plug in the center, fetched $1.15 million at auction on Thursday, according to Heritage Auctions, which handled the transaction.
The penny, which depicts Liberty with flowing hair on one side and a wreath tied wtih a ribbon on the other, was one of the first coins struck at The Philadelphia Mint by a fledgling United States in 1792.
The Associated Press, quoting officials from Heritage, said Kevin Lipton of Beverly Hills, Calif., bought the penny at the behest of a group of unnamed investors for $1 million, plus the auction house's 15 percent commission.
The AP said the coin never made it into circulation and only 14 examples of it are known to exist, according to Heritage Executive Vice President Todd Imhof.
Don't spend it all in one place, Mr. Lipton.
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pulltabsteve
New member
rofl <}Dimeman link=topic=9747.msg109263#msg109263 date=1335022807 said:
Only 14 exist. I would think not, but hey, you never know.....
Tony Two-Cent
Administrator
Awesome coin, but Lady Liberty was kinda scary looking back in those days!
pulltabsteve
New member
Can't be better! How have you been? happydance02fastfwd link=topic=9747.msg109816#msg109816 date=1335415540 said:
eace: