ASSOCIATED PRESS ARTICLE ON 1792 CENT DISCOVERY Pubblico Deposited
The E-Sylum: Volume 7, Number 35, August 29, 2004, Article 5
ASSOCIATED PRESS ARTICLE ON 1792 CENT DISCOVERY
The following are a few excerpts from the Associated Press'
article on last week's discovery of a 1792 Cent at the American
Numismatic Association convention in Pittsburgh:"The chocolate brown, quarter-sized coin sat in a tobacco can
for decades, with its owners unaware of the item's history or its
value.But on Saturday afternoon, appraisers at the American Numismatic
Association's World's Fair of Money declared it was a 1792
American copper penny worth at least $400,000. There are just
nine coins like it in the world, said Donn Pearlman, spokesman for
the ANA.""A family from New York state, who wished to remain
anonymous, arranged to have Professional Coin Grading Service
of Newport Beach, Calif., appraise the coin, Pearlman said.""The 1792 copper penny has been called a "silver cent without
the silver" because it was an experimental coin the new country
developed before the establishment of the U.S. Mint. Some
such coins had a silver plug, others were made of an alloy of
copper and silver and this coin was made of nearly pure
copper, Bressett said.There are less than a dozen coins like it because the piece
never went beyond the experimental stage, Bressett said.Their father found the coin 30 years ago in an old tobacco can
where their grandfather kept about a dozen other old coins.
From about 1976 to 1989 their father kept the coin in a small
safe in a house that he never locked, Pearlman said. "
Full Story- 2004-08-29
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