A Penny Saved… worth $1000
The Dallas Morning News (via Experiments in Finance) had an article on Sunday about Scott Travers. Scott is a rare-coin expert in New York City. Scott paid (partially at least) for a bottle of water with a $1000 penny. On purpose.
“I just wanted to put a little magic into everyday life,” said Mr. Travers, a rare-coin expert based in New York.
What a loony you might say. Well, maybe not. The purpose behind all this sillyness is to try and inject a little excitement into the coin collecting world. And hopefully pick up a few new collectors on the way. All in all, Scott released 3 pennies into the wild. A $200 1914-D, a $300 1908-S Indian, and a $1000 1909-S VDB. All three were released in New York last month, but it could be years before they reappear. One has to wonder if they won’t get thrown into someone’s change jar. Circulation could be intermittent at best.
Technorati Tags: coins, pennies, penny, rare coins, scott travers, experiment
Like this post? Subscribe by RSS
Or if you prefer, Subscribe by Email
Related Posts:
Andrew said,
Wrote on May 17, 2006 @ 3:29 pm
I will be visiting New York in a few months maybe I’l get some rare change. This trip could be worth more than I thought. I’ll be sure and spend cash, forget the debit/credit cards.
LISA said,
Wrote on May 21, 2006 @ 7:05 pm
I HAVE A 1908 PENNY. ON THE NEWS , I HEARD THE 1908 PENNY IS WORTH $1,000.00.
WHO DO I CONTACT?
thatedeguy said,
Wrote on May 21, 2006 @ 10:41 pm
Lisa,
The penny must be a 1909 lincoln penny. The letter S must appear underneath the date and the letters VDB must appear on the lower rim of the back of the penny. If all three of these occur on your penny, and you want to sell it, I suggest that you take it to at least two coin dealers to have it assessed and then decide on where you want to sell it. Most dealers will probably offer you something for it, and there are several places like Ebay where you could sell it online.
RICHARD said,
Wrote on October 19, 2008 @ 6:15 pm
HI I HAVE SO MANY WEATHEADS THAT I HAVE SAVED. I HAD OTHER COINS WHICH I WAS TAKEN COUSE I DID NOT NO WHO TO REALLY TAKE THEM TO SO I SAID NEVER AGAIN. PLEASE SCOTT TRAVERS HELP ME. THANK YOU .