Cents collection brings in over $10 Million

penny 468x351 Cents collection brings in over $10 Million

One man’s collection of rare American cents has turned into a $10.7 million auction windfall. 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.

The coins came from the collection of Burbank resident Walter J. Husak, the owner of an aerospace-part manufacturing company. Source : CNN

american penny 468x357 Cents collection brings in over $10 Million

Posted in Auctions
The “Rolls-Royce” of rare stamps

jenny stamp The Rolls Royce of rare stamps

A New York man paid a whopping $825,000 for one of the most prominently flawed stamps in U.S. history.

The rare 1918 24-cent stamp shows an upside-down Curtis JN-4 biplane known as Jenny, a World War I training aircraft that became an airmail plane.

The mint condition red, white and blue stamp is said to be one of the finest known existing stamps from the original sheet of 100 misprints.
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Posted in The Most Expensive Things

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