First US Penny Sells For Nearly $1.18M In Baltimore Auction

CBS Baltimore

BALTIMORE (AP) — The first U.S. penny has sold for nearly $1.18 million at a Baltimore auction.

Auction host Stack’s Bowers Galleries says the 1792 Birch cent, the first American one-cent coin, was sold to a rare coin dealer on Thursday night at the Convention Center.

The coin was struck months after the cent denomination was first authorized was coined as a trial. It is considered the second finest in existence and hadn’t sold at auction since 1959.

An 1861 Confederate half dollar, one of four known specimens, also sold at the auction, fetching $646,250. A 1792 Silver Center cent, designed by Thomas Jefferson, sold for $499,375.

(Copyright 2015 by The Associated Press. All Rights Reserved.)

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