Sunday, January 8, 2012

Pennies from Heaven

So who says a penny saved isn't a penny earned?

This proves that point.  Doesn't it?

1793 penny fetches $1.38M at Fla. auction
Associated Press -

ORLANDO, Fla. (AP) — A once-cent copper coin from the earliest days of the U.S. Mint in 1793 has sold for a record $1.38 million at a Florida auction.

James Halperin of Texas-based Heritage Auctions told The Associated Press on Saturday that the sale was "the most a United States copper coin has ever sold for at auction." The coin was made at the Mint in
Philadelphia in 1793, the first year that the U.S. made its own coins.

Heritage officials said in a news release that the name of the buyer was not revealed but that he was "a major collector." One of the coin's earliest owners was a well-known Baltimore banker, Louis E. Eliasberg, Sr.