An American Copper Birch Cent was sold this week for nearly $1.2 million during the Whitman Coin and Collectibles Expo in Baltimore, Maryland. Including the 17.5% buyer’s premium, the late 18th century American penny sold for $1.175 million to an unidentified man who said that he resides in Texas. Reports say that online bidding activity had raised the price to $850,000 before the in house bidding commenced.
Only 11 Birch Cents are known to exist, with one in mint condition selling earlier this year for over $2.5 million.
Other rare coins of note were auctioned that night, with an 1861 Confederate half dollar selling for just under $650,000 and another copper penny from 1792, this one with a silver plug in the middle of it, selling for just under $500,000. That rare coin happened to be the result of a joint venture between Thomas Jefferson and Thomas Paine, the noted patriot of the American Revolution. The design of the Jefferson/Paine penny is very similar to the Birch Cent, with Lady Liberty gracing one side of the rare coin and a wreath on the reverse.
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