$1 million for a penny? Extremely rare 1792 coin set for auction


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One of many very first pennies produced within the U.S., estimated to be price $1 million, shall be auctioned in Baltimore subsequent week.

The 1792 Birch Cent shall be auctioned by Stack’s Bowers Galleries on the Whitman Expo in Baltimore on Oct. 26.

Commissioned by Thomas Jefferson, solely a handful of Birch Cents have been minted for instance of what the newly-formed U.S. authorities was contemplating producing. The cash have been seen first hand by Jefferson and George Washington, in keeping with the public sale home.


“That is the primary American cent ever produced and represents a really distinctive piece of numismatic historical past,” stated Brian Kendrella, president of Stack’s Bowers Galleries, in an announcement. “It’s the solely certainly one of its variety, making it a really unique coin to personal. The collector who finally ends up with this Birch Cent may have the satisfaction of realizing that it very probably was held by our founding fathers, making it a really particular piece of American historical past as nicely.”

4 forms of Birch Cent have been initially struck. This cent, generally known as the Judd-Three, is the one one recognized to exist with out lettering at its edge, says Stack’s Bowers Galleries.

Uncommon cash are huge enterprise. In 2015, one other Birch cent offered for nearly $1.2 million at public sale, the Guardian reviews.


A 1913 Liberty Head nickel was not too long ago auctioned by Stack’s Bowers Galleries for $four.56 million. The Liberty Head nickel is certainly one of solely 5 in existence.

Earlier this yr, a small $5 gold coin produced by the San Francisco Mint through the top of the California Gold Rush was estimated to be price “hundreds of thousands of .” The coin’s proprietor had initially thought that the cash was faux.

Fox Information’ Frank Miles and Chris Ciaccia contributed to this text.

Observe James Rogers on Twitter @jamesjrogers

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