Who bought this 1793 penny?

Forum for discussing any topic related to investing in, collecting and saving US, Canadian, UK, and other Copper Bullion Pennies for their metal content.

Who bought this 1793 penny?

Postby plus1hdcp » Mon Jan 12, 2015 7:29 pm

A 2 million dollar 1793 penny. I would love to have that for my collection.

http://www.myfoxdc.com/story/27822336/h ... do-auction
plus1hdcp
Penny Hoarding Member
 
Posts: 810
Joined: Tue Jan 11, 2011 12:50 am
Location: Tennessee

Re: Who bought this 1793 penny?

Postby Country » Mon Jan 12, 2015 8:12 pm

Chain Cent - I read this UNC cent sold for $76 in the 1870's. Looks so good it was probably put away as a token piece in 1793.

History - 1793

January 9 1st hot-air balloon flight in the U.S. lifts off in Philadelphia
January 9 Dutch Prince Willem V establishes 2 brigades Drive Artillery
January 9 Jean Pierre Blanchard makes 1st balloon flight in North America
January 19 French King Louis XVI sentenced to death
January 21 Prussia and Russia sign partition treaty (Poland divided)
January 23 2nd partition of Poland, between Prussia and Russia
January 23 Humane Society of Philadelphia (1st aid society) organized
February 1 France declares war on England and Netherlands
February 1 Patent granted Ralph Hodgson, New York, for oiled silk and linen
February 11 Prussian troops occupy Venlo, Netherlands
February 12 1st U.S. fugitive slave law passed; requires return of escaped slaves
February 24 French troops conquer Breda
February 25 1st cabinet meeting at George Washington's home
March 4 French troops conquer Geertruidenberg Netherlands
March 4 Washington's 2nd inauguration, shortest speech (133 words)
March 18 2nd Battle at Neerwinden: Austria army beats France
March 26 Pro-royalist uprising in Vendee region of France
April 1 Volcano Unsen on Japan erupts killing about 53,000
April 15 Bank of England hands out 1st 5 pound note
April 17 Battle of Warsaw
April 22 President Washington attends opening of Rickett's, 1st circus in U.S.
April 29 Cornerstone laid for Groningen's new townhall
May 19 Netherlands captures French island of St. Maarten (held until 1795)
May 21 Curacao Island Council forbids criticism on House of Orange
May 25 Father Stephen Theodore Badin is 1st U.S. Roman Catholic priest ordained
May 30 Georges Couthon chosen member of French Committee the Salut Public
June 10 1st public zoo opens in Paris
June 10 Washington replaced Philadelphia as U.S. capital
June 11 1st American stove patent is granted to Robert Haeterick
June 20 Eli Whitney patents his cotton gin
June 24 1st republican constitution in France adopted
July 24 France passes 1st copyright law
August 1 France becomes 1st country to use the metric system
August 29 Slaves in French colony of St. Domingue (Haiti) freed
September 5 In the French Revolution, the "Reign of Terror" begins
September 18 President Washington lays cornerstone of Capitol building
September 20 British troops under major-general Williamson lands on (French) Haiti
September 29 Tennis is 1st mentioned in an English sporting magazine
October 31 Execution of Girondins at Paris, during Reign of Terror
November 8 Louvre in Paris, opens
November 10 France ends forced worship of God
November 18 Louvre officially opens in Paris
November 26 Republican calendar replaces Gregorian calendar in France
December 9 Noah Webster establishes New York's 1st daily newspaper, American Minerva
December 14 1st state road authorized, Frankfort, Kentucky to Cincinnati

http://www.brainyhistory.com/years/1793.html
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7682
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA

Re: Who bought this 1793 penny?

Postby Recyclersteve » Tue Jan 13, 2015 12:08 am

Ok, I'll come clean. I bought it so I could have something for a KSA. I'll start the bidding at $1, but shipping and handling are $3 million. :)
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

Please note that ANY stocks I discuss, no matter how compelling, carry risk- sometimes substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) as well.
Recyclersteve
Too Busy Posting to Hoard Anything Else
 
Posts: 4391
Joined: Sun Jan 20, 2013 5:59 am
Location: Where I Want To Be

Re: Who bought this 1793 penny?

Postby chris6084 » Wed Jan 14, 2015 10:51 pm

We all know Adam bought it. End of conversation.
User avatar
chris6084
1000+ Penny Miser Member
 
Posts: 1332
Joined: Wed Nov 26, 2008 10:00 am

Re: Who bought this 1793 penny?

Postby chris6084 » Wed Jan 14, 2015 10:51 pm

chris6084 wrote:We all know Adam bought it. End of conversation.



Wait...I retract that statement. Adam found it in a bag of pennies, so he paid 1 cent for it and sold it for $2 Million
User avatar
chris6084
1000+ Penny Miser Member
 
Posts: 1332
Joined: Wed Nov 26, 2008 10:00 am

Re: Who bought this 1793 penny?

Postby plus1hdcp » Wed Jan 14, 2015 11:39 pm

chris6084 wrote:
chris6084 wrote:We all know Adam bought it. End of conversation.



Wait...I retract that statement. Adam found it in a bag of pennies, so he paid 1 cent for it and sold it for $2 Million


That sounds more realistic - wouldn't that be a find!
plus1hdcp
Penny Hoarding Member
 
Posts: 810
Joined: Tue Jan 11, 2011 12:50 am
Location: Tennessee

Re: Who bought this 1793 penny?

Postby plus1hdcp » Wed Jan 14, 2015 11:41 pm

Neat history lesson Country. I also perused that site for a little while looking at other facts. What a move someone made so many years ago putting a coin like that up. Who would have thought that would happen?
plus1hdcp
Penny Hoarding Member
 
Posts: 810
Joined: Tue Jan 11, 2011 12:50 am
Location: Tennessee


Return to Copper Penny Bullion Investing

Who is online

Users browsing this forum: DotNetDotCom.org [Bot] and 3 guests