$1 million penny
Monday, January 9th, 2012How much is a penny worth to you? For most people, the answer would be 1 cent. But someone in recently purchased a rare 1793 penny from a Florida auction for a cool $1 million! Why is the penny so rare? I don’t know much about it and haven’t seen pictures or anything, but I read that one reason for the high price tag is that the coin in question is in near-mint condition. Plus, I think 1793 was one of the first years that the U.S. started producing its own coinage.
I’m all for people having a hobby, but why can’t it be something like tinkering on acer netbooks or collecting Barbie dolls? I can’t imagine spending a million bucks on a single coin (and a penny to boot!).