{"id":197,"date":"2015-02-23T13:44:35","date_gmt":"2015-02-23T13:44:35","guid":{"rendered":"http:\/\/blog.keepsakesjewelry.com\/?p=197"},"modified":"2015-02-23T13:45:59","modified_gmt":"2015-02-23T13:45:59","slug":"california-man-pays-4-8m-for-26-cents-from-1792","status":"publish","type":"post","link":"https:\/\/keepsakesjewelry.com\/wordpress\/?p=197","title":{"rendered":"California man pays $4.8M for 26 cents from 1792"},"content":{"rendered":"

Kevin Lipton submitted a winning bid of $2,585,000 mid-January for the 1792 penny, one of about only 10 coins that were “experimentally produced” after the U.S. Mint was established.<\/p>\n

Lipton, who owns a coin wholesaling business in Beverly Hills, was searching for the penny, called a Birch Cent, since he saw one in 1981 at a New York auction house. The coin was bought by a developer for a mere $200,000.<\/p>\n

“It’s like our very first penny,\u201d Lipton said. “It’s such a spectacular coin. It’s so important, so rare.”<\/p>\n

The piece features a profile of a female face encircled by the words “Liberty Parent of Science and Industry.” The other side says, \u201cUnited States of America\u201d and shows the denomination of \u201cOne Cent” within a wreath. At the bottom is the fraction “1\/100.”<\/p>\n

\"1792-penny\"<\/a><\/p>\n

According to the Reporters, Lipton’s bid is the most money ever paid for a one-cent coin.\u00a0“They are a great store value, and will only be worth more in the future,” He said about his purchase. “They are literally Mona Lisas of our coinage.”<\/p>\n

\"1792-Eagle-on-Globe-Copper-Quarter-Dollar\"<\/a><\/p>\n

Lipton\u2019s 1792 “Wright Quarter”\u00a0is special because it’s America’s first quarter and because the only other example known to exist is in the Smithsonian. It features a beautifully executed profile of a woman with the word “Liberty” written atop and the date below. The reverse side has an eagle standing on a globe with the words “United States of America” surrounding it.\u00a0The coin was designed by Joseph Wright only one year before his death.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kevin Lipton submitted a winning bid of $2,585,000 mid-January for the 1792 penny, one of about only 10 coins that were “experimentally produced” after the U.S. Mint was established. Lipton, who owns a coin wholesaling business in Beverly Hills, was … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":[],"categories":[1,94],"tags":[95,96,97,98],"_links":{"self":[{"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/197"}],"collection":[{"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=197"}],"version-history":[{"count":3,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/197\/revisions"}],"predecessor-version":[{"id":201,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/197\/revisions\/201"}],"wp:attachment":[{"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/keepsakesjewelry.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}