ABC News - 1793 Penny Sells for $2.35 Million at Florida auction

MsMorrisine

light read

coinsarefun

That was indeed light reading......perfect for my attention span right now.

TopographicOceans

<< <i>Rohan says the buyer is a coin collector >>

Who would have guessed that?

lasvegasteddy

oh no...they used that word...penny
lol
i love how some snarl at use of "that word"

GrumpyEd

<< <i>The coin was purchased for $76 the first time it appeared in an auction in 1879. >>




Must have been quite an auction, I wonder what else was on the block

Treashunt

<< <i>

<< <i>The coin was purchased for $76 the first time it appeared in an auction in 1879. >>




Must have been quite an auction, I wonder what else was on the block >>




probably an 1804 $ that sold for $15.

ricko

Wow.....amazing price......should have had a picture though...Cheers, RickO

coindeuce

I often wonder when the "professional" journalists of the lamestream media will ever learn the proper nomenclature of our coinage.

JohnnyCache

It's certainly a pretty coin, though just a touch out of my budget.

1793 1C

ambro51

No doubt there are morons out there looking through their pocket change for one.

planetsteve

<< <i>

<< <i>The coin was purchased for $76 the first time it appeared in an auction in 1879. >>




Must have been quite an auction, I wonder what else was on the block >>



That's $1831.33 in 2011 dollars. I wonder how much longer the coin can appreciate at over a thousand times the rate of inflation.

As far as the annoying word "penny" goes, it looks like the writer was struggling for synonyms while already using "one-cent piece" and "copper cent." I guess it will do.

bluelobster

<< <i>No doubt there are morons out there looking through their pocket change for one. >>



So you're saying there's a chance? ;

ambro51

I dunno. I'll see of my Son in Law is looking.

Raufus

<< <i>No doubt there are morons out there looking through their pocket change for one. >>



If you look at some of the comments below the story you'll find the following.... "Holy moly. I'm going to look through my barrel of pennies right now..."

I wonder what $76 in 1879 is adjusted for inflation.

Rohan's job seems like such a dream job - to make big $$ dealing in all manner of fine collectables.

Coinsponge

Heritage President Greg Rohan says the copper cent is rare because the design was changed soon after production started in March 1793. He says critics at the time thought the chain evoked an image of slavery.


Wow, didn't know the pc police went that far back.

ambro51

Some may say the chain represents the "Great Chain" which was stretched across the Hudson during the Revolution. A "super weapon" of the era which contributed greatly to our Victory.