Click here for Mobile Site: http://m.cbs2.com
  • Font Size    
Advertising
E-mail

Close Window E-mail This Page

About 300 Rare Pennies Auctioned Off For $10.7M

Required fields are marked with an asterisk(*)

The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications. Read more in our Privacy Policy

Send E-mail

   Print     Share +    Comments
Feb 16, 2008 11:16 am US/Pacific

About 300 Rare Pennies Auctioned Off For $10.7M

LONG BEACH, Calif. (AP) ― A penny saved is not necessarily just a penny earned. One man's collection of rare American cents has turned into a $10.7 million auction windfall.

The collection of 301 coins featured some of the rarest and earliest examples of the American penny, including a cent that was minted for two weeks in 1793 but was abandoned because Congress thought Lady Liberty looked frightened.

Dallas-based auction house Heritage Auction Galleries, which held the sale in Long Beach Friday night says that coin and a 1794 cent with tiny stars added to prevent counterfeiters each raised $632,500.

Heritage Auction president Greg Rohan says the auction was the biggest ever for a penny collection, with hundreds of bidders vying for the coins.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

Add Comment

here. here. Need a log in? Register here
  •  * Will not be displayed with comment
  •  * e.g. (http://www.mywebsite.com)
  •  
  • Click here to refresh with new letters

Show Comments (0)

Close Window Login


Close Window Flag Comment


loading...

© MMX, CBS Broadcasting Inc. All Rights Reserved.