This is BX @ Boxden.com


One Of The World’s Rarest Coins A 1792 Penny Sells For $1.15M At Auction...

 One Of The World’s Rarest Coins A 1792 Penny Sells For $1.15M At Auction...
topic by Avon_Barksdale - 04-20-2012, 04:16 PM - Boxden > Wild videos, news, and other media




A Penny...?!? > One Of The World’s Rarest Coins A 1792 Penny Sells For $1.15M At Auction... - Photo posted in Wild videos, news, and other media | Sign in and leave a comment below!


One of the first pennies ever produced by the U.S. Mint was put up for auction Thursday night and reportedly sold for more than $1 million.

Bids for the 1792 Silver Center penny reached $1.15 million Thursday night, according to Heritage Auctions, which conducted the sale. The U.S. Mint itself was founded in April, 1792.

If you don't have $1.15 million on hand, there are more affordable rare coins available. The Canadian Mint recently began selling a limited-edition glow-in-the-dark quarter featuring a dinosaur skeleton for around $30.

And the website ThinkGeek offers electromagnetically shrunk quarters for $25, or 100 times their actual value as currency.

ABC News reports that the rare penny is made of copper with a small silver plug at its center. It was an experiment by the then-fledgling U.S. Mint, which shelved the penny before it could go into mass circulation. The U.S. Mint determined the penny was too large and heavy for practical use.

Todd Imhof at Heritage Auctions told ABC that unlike today's legal tender which bears the inscription, "In God We Trust," the copper-silver penny reads "Liberty Parent of Science & Industry."

"At the time, industry and science reflected an enlightenment mindset," Imhof said. "People believed freedom of thought and industrial growth would bind and unify the new country, not religion or God."

An anonymous collector who has owned the coin for 10 years sold the penny. "With collectible items, for an item to sell for over a million dollars it is an unusual event," Imhof said.

However, Imhof also said a coin of the same type sold for close to $3 million over a year ago. Still, the $1.15 million sale is one of only 30 $1 million-plus coin sales in history.


Source:
$1 million for a penny; one of world’s rarest coins sold at auction | The Sideshow - Yahoo! News


share this topic »   Share this on Twitter Share this on Facebook

8 comments for "One Of The World’s Rarest Coins A 1792 Penny Sells For $1.15M At Auction..."


 04-21-2012, 12:36 AMonline - #2
Krazie 93 heat pts93

  d 
space
$28,068 | POWERFUL


I need a penny that has 115,000,000 times inflation
 04-21-2012, 07:53 AMaway - #3
tony6922 

  d 
space
$569 | 7308533
 04-21-2012, 09:12 AMaway - #4
smoothlikebutta 14 heat pts14

  d 
space
$3,244 | 15465889
crazy. i work at a bank and when im on the teller line i always lookout for old coin/rare mint marks. a few months ago i found a penny from 1908 in my cash box.. swapped it out, brought it to a coin collector, and got $450 for it! i didnt do much research to see how much it was really worth which was a stupid move but $450 in my pocket wasnt bad.
 04-21-2012, 10:07 AMonline - #5
Aesop730 8 heat pts

  d 
space
$14,123 | POWERFUL
If you wouldve taken this to the dudes on Pawn Stars he wouldve tried to get it for 10k .. and gave you some lame reason ..
 04-21-2012, 11:08 AMaway - #6
Xx Tecca xX 3 heat pts

  d 
space
$1,358 | 5420578
 04-21-2012, 01:49 PMaway - #7
hotboy251 1 heat pts

  d 
space
$638 | 493374
Originally Posted by Xx Tecca xX
 04-21-2012, 05:05 PMonline - #8
Avon_Barksdale 1674 heat pts1674

  d 
space
$16,676 | POWERFUL
Originally Posted by Xx Tecca xX
Originally Posted by hotboy251
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > The Hip-Hop Spot > Wild videos, news, and other media
    
         

 



Latest hot topics on fire the past 48 hrs
NBA Raptors & Dray improve to NBA best 11-2, beat Cavs as Le..
60 comments
NFL SNF: Dallas Cowboys (7-3) @ New York Football Giants (3-..
518 comments
NBA Anthony Davis Full Highlights 2014.11.22 at Jazz - Caree..
51 comments
  The Case Of Big Krit
New reply 3 minutes ago - 107 comments - by JimmyThe3rd
 NBA Lebron James Motivational Tweet About Team
New reply 17 minutes ago - 62 comments - by MikeJones212
 NCAAF Cfb Week 13 Thread
New reply 6 minutes ago - 149 comments - by CadillacVyse
 Video inside Actor Tyler James Williams (from Everybody Hates Chris...
New reply 17 minutes ago - 59 comments - by La Flare
  Top 5 South Rappers...of Recent...not All Time
New reply 7 minutes ago - 63 comments - by TrillTalk404
 NBA Lebron Getting Frustrated With His Teammates "you...
New reply 23 minutes ago - 84 comments - by Moony Jackson
 Image(s) inside Nov 22 - How Many Homeless People Will Freeze To Death...
New reply 9 minutes ago - 67 comments - by RAZAH CUTS
 NCAAF Nfl Head Of Officiating Says Jameis Winston Should Hav...
New reply 25 minutes ago - 118 comments - by theFREAK

Like BX on Facebook Follow BX on Twitter
5,860 fans of BX | none new today 4,811 following and 3 new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.