Penny Sells for $200K
First reported by Cbsnews.com
- A rare penny from 1943 sold for $204,000 at auction on Thursday.
- Earlier this week, experts thought the coin might pull in over $1 million.
- The penny is one of 20 that were accidentally made of copper when the U.S. was trying to conserve the metal for World War II.
- Don Lutes Jr. was 16-years-old when he found the coin in 1947. Lutes passed away in September. The proceeds from the auction will go to the Pittsfield, Massachusetts Public Library. Lutes was a frequent visitor.
- Do you have any valuable pieces you might like to auction someday?
A rare copper penny that a Massachusetts man found in his lunch money more than 70 years ago has been auctioned for more than $200,000. While a pretty penny, it was far below the million dollars-plus experts said the coin might fetch.
The 1943 penny is one of 20 that were accidentally minted when the federal government was trying to conserve copper for World War II.
Heritage Auctions says Don Lutes Jr., of Pittsfield, was 16 when he found the coin in change he received at his school cafeteria in 1947.
SOLD for $204,000.00! This penny found in the change sold at the auction! Rare pennies to look for!
1943 Copper Lincoln Cent Sells for $204,000 – Here’s Why It Fell Short Of Estimates
— Yahoo News (@YahooNews) January 11, 2019
He found a penny 70 years ago in his lunch money. Decades later, the rare coin sold for more than $200,000. https://t.co/u8QoqqLpTe
— WDTN (@WDTN) January 11, 2019
Rare 1943 penny sells for $200,000, far below expectations 🤷🏽♂️ CBS News💲 https://t.co/zEcgCVGC7R
— Tamara Davis 🇺🇸 (@warriors_mom) January 11, 2019
A rare copper penny that a Massachusetts man found in his lunch money more than 70 years ago has been sold at an auction for more than $200,000. https://t.co/hkLrkAUxq2
— ABC6 News Desk (@ABC6) January 11, 2019