Saturday, April 21, 2012

Another Million dollas Cent 1792

1792 Silver Center Cent coin on April 18, 2012 in Schaumburg, Illinois. Final bidding for the coin will take place with a live auction on April 19. Online bidding for the coin has already pushed the price over $1 million. The coin, considered the third best example of fourteen known to exist, was last sold at auction in 1974 when it reached a price of $105,000.
Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, Calif., bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay the auction house's 15 percent commission.

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