“When is a penny worth $1.15 million? When it is a rare experimental penny minted in 1792. The unusual coin was auctioned off at the Renaissance Schaumburg Convention Center in suburban Chicago. Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, Calif., bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay the auction house’s 15 percent commission. The coin is made from copper and incases a small plug of silver… ‘It’s a real classic, one that’s rarely seen in such good condition.” w/ photos
