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First U.S. Penny Will Be Auctioned for 100 Million Times Its Monetary Value

FYI: A prototype for the first U.S. cent will be auctioned for around $1 million—or 100 million times its trading value—later this month at an auction via Stack’s Bowers in Baltimore.

The one-cent piece is part of the Archangel collection, which includes coins from American colonial days through the founding of the U.S. Mint in 1792, says John Kraljevich, senior numismatist at Stack’s Bowers.

“Every cent every American’s ever had in their pocket draws their lineage back to this one,” Kraljevich says.
Regards,
Ted
https://www.barrons.com/articles/first-u-s-penny-will-be-auctioned-for-around-100-million-times-its-monetary-value-1538508889

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