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Jack London | 02-16-2008 11:45 PM
10.7 million for pennies http://www.cnn.com/2008/US/02/16/pen....ap/index.html LONG BEACH, California (AP) -- A penny saved is not necessarily just a penny earned. One man's collection of rare American cents has turned into a $10.7 million auction windfall. A 1794 large cent, about the size of a modern quarter, was sold for $632,500 Friday. The collection of 301 cents featured some of the rarest and earliest examples of the American penny. It included a cent that was minted for two weeks in 1793 but was abandoned because Congress thought Lady Liberty looked frightened. That coin and a 1794 cent with tiny stars added to prevent counterfeiting each raised $632,500, according to the Dallas-based auction house Heritage Auction Galleries, which held the sale in Long Beach on Friday night. The coins came from the collection of Burbank resident Walter J. Husak, the owner of an aerospace-part manufacturing company.

Twisted Avatar | 02-17-2008 07:03 AM
Re: 10.7 million for pennies Quote:
Originally Posted by Jack London (Post 971070) http://www.cnn.com/2008/US/02/16/pen....ap/index.html LONG BEACH, California (AP) -- A penny saved is not necessarily just a penny earned. One man's collection of rare American cents has turned into a $10.7 million auction windfall. A 1794 large cent, about the size of a modern quarter, was sold for $632,500 Friday. The collection of 301 cents featured some of the rarest and earliest examples of the American penny. It included a cent that was minted for two weeks in 1793 but was abandoned because Congress thought Lady Liberty looked frightened. That coin and a 1794 cent with tiny stars added to prevent counterfeiting each raised $632,500, according to the Dallas-based auction house Heritage Auction Galleries, which held the sale in Long Beach on Friday night. The coins came from the collection of Burbank resident Walter J. Husak, the owner of an aerospace-part manufacturing company.
Great more money to fund the war machine......:banghead: T

Jack London | 02-17-2008 08:52 AM
Re: 10.7 million for pennies Quote:
Originally Posted by Twisted Avatar (Post 971209) Great more money to fund the war machine......:banghead: T
The war machine doesn't need that money. They have been given a shovel and a key to the treasury.

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