First US Penny Sold For $1.2 Million

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Author	Replies: 15 / Views: 1,747
yingyang Pillar of the Community Canada 1823 Posts	Posted 03/28/2015 10:56 am The coin, known as the "Birch Cent," was made in 1792. It sold for nearly $1.2 million Thursday night at an auction in Baltimore. http://money.cnn.com/2015/03/27/new...iid=HP_River Edited by yingyang 03/28/2015 11:06 am Report this Post to the Staff

Celticsoul Pillar of the Community United States 1566 Posts	Posted 03/28/2015 11:07 am We just discussed this coin in an earlier thread. https://goccf.com/t/216450 Fantastic piece of history. Edited by Celticsoul 03/28/2015 11:09 am Report this Post to the Staff
ChildOfTheWheat Pillar of the Community United States 5828 Posts	Posted 03/28/2015 11:55 am Woah, thats a lot of money! Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/28/2015 4:51 pm I wonder if those came in rolls. Report this Post to the Staff
Celticsoul Pillar of the Community United States 1566 Posts	Posted 03/28/2015 7:14 pm Quote: I wonder if those came in rolls Early coins came in kegs. Imagine a keg of large cents or capped bust halves! Actually there were so few Birch Cents you probably couldn't fill a roll with them at all. Edited by Celticsoul 03/28/2015 7:15 pm Report this Post to the Staff
Nickel Guy Pillar of the Community United States 604 Posts	Posted 03/28/2015 8:53 pm What a beautiful coin! I find it just amazing the phenomenal condition it's in after all these years. It obviously couldn't have circulated very much. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/29/2015 04:13 am Quote: I wonder if those came in rolls. These were patterns, they came as just a few pieces. Report this Post to the Staff
Peldini Valued Member Canada 79 Posts	Posted 03/29/2015 12:43 pm I'd take the Half Dollar mentioned at the bottom of the article! Report this Post to the Staff
jpsned Pillar of the Community United States 2200 Posts	Posted 03/29/2015 1:33 pm This is still legitimate US currency, right? So if I wanted to spend it on a piece of candy, they'd have to take it, right? Report this Post to the Staff
chuy1530 Pillar of the Community United States 513 Posts	Posted 03/29/2015 1:59 pm They wouldn't have to take it. A store can turn down anything you try to pay with for whatever reason. Now if you owed someone money then in that instance I do think they would have to take it, but I'm not sure since this type of coin was never put into circulation. Report this Post to the Staff
just carl Bedrock of the Community United States 20753 Posts	Posted 03/29/2015 2:44 pm Quote: This is still legitimate US currency, right? So if I wanted to spend it on a piece of candy, they'd have to take it, right? The important this is would they work in a Gum Ball machine. Report this Post to the Staff
vermontensium Moderator United States 16677 Posts	Posted 03/29/2015 3:31 pm It was a pattern coin, a proposed early Federal issue that never came to be. This auction made my local news talk radio and yes, I'd trade a gumball for it :p swcoin.ecrater.com Report this Post to the Staff
Celticsoul Pillar of the Community United States 1566 Posts	Posted 03/29/2015 8:35 pm I'd trade a metric ton of gumballs for it. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 03/30/2015 04:22 am Quote: This is still legitimate US currency, right? So if I wanted to spend it on a piece of candy, they'd have to take it, right? Since it was a pattern and not an adopted design I'm not really sure I would consider it "legitimate US coinage" It was never an "issued" coin. Sure some may have gotten out and circulated....but so did buttons. Report this Post to the Staff
jpsned Pillar of the Community United States 2200 Posts	Posted 04/03/2015 11:55 pm Actually the term I was trying to think of was "legal tender." Same question. Report this Post to the Staff
Conder101 Bedrock of the Community United States 17884 Posts	Posted 04/04/2015 09:10 am Well the question is, are patterns legal tender? I would say no because they are not legally authorized coins, just design proposals. And in many cases they are not even in the proper alloy. the law gives legal tender status to US coins, patterns are not "coins" Edited by Conder101 04/04/2015 09:12 am Report this Post to the Staff
	Replies: 15 / Views: 1,747

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