1793 penny fetches a record $1.38 million at Heritage Auctions sale in Florida

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Source: www.artdaily.org --- Monday, January 09, 2012
ORLANDO (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. "Mr. Eliasberg was nicknamed, 'the king of coins' because before his death in 1976 he assembled a collection that consisted of at least one example of every coin ever made at the United States Mint, a feat never duplicated," Halperin said in the news release. The final bid for the coin last week was one of the largest sales at the Florida United Numisma ...

Source: http://www.artdaily.org/index.asp?int_sec=11&int_new=52925

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