Two cents highlight Heritage ANA Sale
Two one-cent coins highlighted Heritage Auctions’ $30.8 million results at the American Numismatic Association World’s Fair of Money in early August. A newly discovered 1943 Lincoln cent shot to $282,000…
Two one-cent coins highlighted Heritage Auctions' $30.8 million results at the American Numismatic Association World’s Fair of Money in early August.
A newly discovered 1943 Lincoln cent shot to $282,000 because it was made of copper rather than steel.
A 1792 Birch cent sold for $211,500.
“This was the first time these particular coins were ever offered at auction and collectors were not going to let them get away,” said Jim Halperin, Co-founder of Heritage Auctions.
The Lincoln penny is coveted because it was supposed to be made of zinc-coated steel due to copper shortages during World War II but it was erroneously made of bronze left over from 1942. This occurred when some bronze blanks from the previous year became lodged in the trap door of a tote bin used to feed the delivery system of the coin presses.
The 1792 coin is a long-lost Birch Cent not seen since an auction in 1890, according to the firm.
This particular coin, which was recently rediscovered in Europe, once belonged to famed collector Lorin G. Parmelee, who sold it at auction in 1890 for just $75.
Visit www.HA.com for more ANA auction details.
This article was originally printed in Numismatic News. >> Subscribe today.
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