Coin Collecting | Coin Collectors Dream



$10 Million Worth Of Pennies


Can you imagine carrying $10 million in pennies? Well maybe if you had the coin collection that was recently sold in Long Beach, California, it wouldn’t be so difficult.

288 pennies brought that $10.7 million in an auction. The collection consisted of 301 rare, early American pennies. Often referred to as "large cents", these antique copper coins are about the size of today’s quarters. They were minted during the time of George Washington and Thomas Jefferson, roughly 1793 to 1814.

At the end of the auction, there were 13 pennies left. These remaining coins were expected to be sold within a week of the auction.

The auctioneers were as surprised as the collection owner at the prices the coins were bringing. Two 18th century pennies broke the record for the highest price received for a rare penny. A sweet price at $632,500. Hopefully the new owner feels like he got his 2 cents worth.

Other coin collectors had been waiting decades for these coins to come back on the market. The pennies are well known, and the owner had been holding onto them for years.

The auction officials said a sale like this one happens once in a lifetime. The turn out was exceptional. About 200 collectors were there with hundreds more placing their bids over the phone and on the internet.

The collection owner guesses he had spent a little over $5 million on the pennies, so that was a nice return on his investment.

Articles compliments of skaDoogle


Coins For Sale
Browse Our Information Mall

Other Interesting Articles

Why Is A Coin Grading Service Important?

Coin collecting has been a very popular hobby to many people of all ages. The marketing of coins has expanded widely and because of this wide the market prices of coins has varied immen... [Read more]

What Type Of Collection To Start?

Many collectors have a particular theme for their collection. The very real possibility of completing the collection makes collecting exciting for many collec... [Read more]

Joining A Coin Club

People engage in social activities for many reasons; most common is sharing in the same interest and passion as other people. It is in places like these that information about a certain subject is shared and new ideas and trends are revealed that keep its members up to date with current events that happen in that ... [Read more]

Free Coin Collecting Software

Coin collecting is one hobby that has been going on for ages. Some of the most popular collectors in the world were Louis XIV and the Sun King. To keep track of the coins in the collection or to monitor the value of rare coins in the market, it pays to have coin collecting soft... [Read more]

How To Spot An Error In Coin Collections

Spotting errors in your coin collections or maybe in everyday pocket change is easier than you imagine. It's rather profitable and fun too. You just have to follow the different steps carefully a couple of times so that the impulse of checking out every coin you receive will become a habit. These simple instructions are productive and proven methods of locating the different coin errors and varieties of die circulating inside your pockets and other people's poc... [Read more]

 Watch Videos on "Collection"

Error: It's not possible to reach 'http://news.google.com/news?hl=en&ned=us&q=Coins&ie=UTF-8&output=rss' RSS file...