$204K paid for rare, auctioned penny; proceeds will go to Pittsfield library

12 January, 2019, 04:57 | Author: Brooke Harris
  • A man's rare penny he kept for decades could be worth over $1 million

Back in 1947, a 16-year-old MA teenager, Don Lutes Jr, held out his hand at the school cafeteria for change after paying for his meal.

The 1943 copper penny "is the most famous error coin", according to Heritage Auctions.

A rare Lincoln-head penny a MA teenager received in change for his school lunch is up for auction with a starting bid of $100,000.

Giving up, Lutes reached the conclusion that the coin was worthless, but kept it in his coin collection nevertheless for the next 70 years.

"While a number of other examples have surfaced over the years, no other specimen has been celebrated and written about as much as this remarkable coin", Heritage Auctions said. It's thought it could fetch over $200,000, though it's so rare, a previous one sold for $1.7 million.

A similar penny sold was sold by a New Jersey dealer for $1.7 million in back in 2010, UPI reported at the time.

Sonos Promises Google Assistant Support For Older Speakers
For those traveling outside of their language comfort zones, Google Assistant can help remove barriers to communication. These include select Whirlpool connected appliances, GE's smart microwave, and security products from August.

Sarah Miller of Heritage Auctions told SWNS (via Fox): "This is the most famous error coin in American numismatics and that's what makes this so exciting".

All proceeds of the sale will go to the Pittsfield Public Library where, auction officials say, Lutes often visited.

Victor of the bid, Tom Caldwell, of Concord, says he plans to display to coin at various coin shows around the country.

Lutes knew his coin was rare and held on to it. According to the Heritage Auctions website, Lutes received the following response: "In regard to your recent inquiry, please be informed that copper pennies were not struck in 1943".

Lutes even tried to get the authenticity of his penny verified by the Treasury Department. "The few resulting "copper" cents were lost in the flood of millions of "steel" cents and escaped detection by the Mint", Heritage officials said in a press release.

Instead, the treasury opted to produces zinc-coated steel pennies as an alternative.

Recommended:



Popular

Teen crashes their vehicle while doing the Bird Box challenge
Police say the young woman in question had pulled her hat over her eyes while she was driving, which resulted in the crash. The 17-year-old, her 16-year-old passenger and the occupants of the SUV were "luckily" not injured.

How the government shutdown is impacting food inspections
The outbreak appears to be over , and the FDA's investigation into it is ongoing. In a statement, the agency said it will continue operations as permitted by law.

Denis Suarez agrees personal terms with Gunners
'You have to balance the players because they play a lot of matches in the next month, with the Europa League and the FA Cup. I can not tell you more". "We can not sign permanently", he added. "At the moment, I haven't got any news".

Apple plans to launch three new iPhone models this year, WSJ reports
Apple doesn't do CES , but Apple-related news and rumors usually dominate the biggest consumer electronics show of the year. The other two iPhone models will be the direct successors to the iPhone XS and iPhone XS Max phones , revealed a report .

THE PUNISHER: Frank Does What Frank Does Best in Season Two Trailer
Guess we'll have to wait and see if this is really the end after The Punisher season 2 debuts on Netflix in a week on 18 January. Castle protecting a young girl ( Giorgia Whigham ) after she is nearly murdered for information.

Several inches of snow possible this weekend in northeast Kansas
There is high confidence the event will occur and there is moderate confidence regarding snow and ice amounts as well as impacts. With highs in the mid 30s, wind chills will be in the 20s thanks to a north wind that could gust as high as 20 miles per hour .

Fiat-Chrysler to pay more than $300 million in emissions cheating settlement
The settlement is the second between the US government and an automaker over allegations of cheating on diesel emissions. If Fiat Chrysler doesn't get at least 85% of the vehicles brought in for repairs, it will face additional fines.

Rumor: Peter King says Antonio Brown doesn’t want Steelers to trade him
During the week of New Year's, e multiple rumors circulated the team regarding why Brown sat out the last game of the season. Antonio Brown may not have asked to be traded by the Steelers, but Pittsburgh is certainly entertaining the option.

R. Kelly's streams increase after docu-series alleges abuse
In a statement via Twitter , Gaga affirmed her support for Kelly's accusers, and vowed to never work with the singer again. The Savage family has now set up a hotline along with Griggs for witnesses and victims to come forward at 678-744-3185.

Workers at GM Oshawa plant halt production
GM has claimed its restructuring plan, including the plant closures, stands to save the company US$6 billion annually. Dias said the union is still not be accepting the closure of our Oshawa facilities.