Tuesday, February 22, 2005

My mom always says...'Save your pennies.'

I can imagine the buyer will either keep and admire it, or sell it for more. A penny for just about half a million is pretty good!

BEVERLY HILLS, Calif. - A copper penny minted in 1792 and kept in a tobacco tin for decades was auctioned Monday for $437,000. Anthony Terranova of New York City was the highest bidder, said Donn Pearlman, spokesman for Beverly Hills auction house Ira & Larry Goldberg Coins & Collectibles Inc. The penny's owners were descendants of Oliver Wolcott, the governor of Connecticut in the 1790s and a signer of the Declaration of Independence, according to auctioneer Ira Goldberg.

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Hat Tip: HundredPercenter